Bank Earnings – Julia Vinograd http://juliavinograd.com/ Tue, 11 May 2021 03:26:37 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.1 https://juliavinograd.com/wp-content/uploads/2021/04/cropped-hh-32x32.png Bank Earnings – Julia Vinograd http://juliavinograd.com/ 32 32 Malvern Bancorp (MLVF) Top Q2 earnings estimates https://juliavinograd.com/malvern-bancorp-mlvf-top-q2-earnings-estimates/ Mon, 10 May 2021 21:45:09 +0000 https://juliavinograd.com/malvern-bancorp-mlvf-top-q2-earnings-estimates/

Malvern Bancorp (MLVF) came out with quarterly profit of $ 0.30 per share, beating Zacks’ consensus estimate of $ 0.19 per share. This compares to a profit of $ 0.25 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents a surprise profit of 57.89%. A quarter ago, this holding company for Malvern Federal Savings Bank was expected to post a profit of $ 0.25 per share when it actually produced a profit of $ 0.30, offering a surprise by 20%.

In the past four quarters, the company has beaten consensus EPS estimates three times.

Malvern Bancorp, which is part of the Zacks Banks – Northeast industry, reported revenue of $ 7.97 million for the quarter ended March 2021, missing Zacks’ consensus estimate of 2.34%. This compares to revenue of $ 7.76 million a year ago. The company has beaten consensus revenue estimates twice in the past four quarters.

The sustainability of the immediate move in stock prices based on recently released numbers and future earnings forecasts will depend primarily on management comments on the profit call.

Shares of Malvern Bancorp have added about 21.3% year-to-date compared to the S&P 500’s 12.7% gain.

What’s next for Malvern Bancorp?

While Malvern Bancorp has outperformed the market so far this year, the question that comes to investors’ minds is, what’s next for the stock?

There are no easy answers to this key question, but the company’s earnings outlook is a reliable metric that can help investors address it. This not only includes the current consensus earnings forecast for the coming quarter (s), but also how those expectations have changed in recent times.

Empirical research shows a strong correlation between short-term stock market movements and trends in earnings estimate revisions. Investors can track these revisions on their own or rely on a proven scoring tool like Zacks Rank, which has impressive experience in harnessing the power of earnings estimate revisions.

Prior to the release of these results, the trend in estimate revisions for Malvern Bancorp was mixed. While the magnitude and direction of estimate revisions may change as a result of the company’s newly released earnings report, the current state results in a Zacks # 3 (Hold) rank for the stock. . Thus, stocks are expected to move in line with the market in the near future. You can see the full list of current Zacks # 1 Rank (Strong Buy) stocks here.

It will be interesting to see how the estimates for the coming quarters and the current year evolve in the days to come. The current consensus EPS estimate is $ 0.23 on $ 8.4 million of revenue for the next quarter and $ 1 on $ 33.07 million of revenue for the current year.

Investors should be aware that the outlook for the industry can also have a significant impact on the performance of the stock. In terms of Zacks industry rankings, Banks – Northeast is currently in the top 10% of the 250+ Zacks industries. Our research shows that the top 50% of industries ranked by Zacks outperform the bottom 50% by a factor of more than 2 to 1.

Want the latest recommendations from Zacks Investment Research? Today you can download 7 best stocks for the next 30 days. Click to get this free report

Malvern Bancorp, Inc. (MLVF): Free Inventory Analysis Report

To read this article on Zacks.com, click here.

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BMTX) to Announce First Quarter 2021 Results and Host Webcast https://juliavinograd.com/bmtx-to-announce-first-quarter-2021-results-and-host-webcast/ Mon, 10 May 2021 12:51:00 +0000 https://juliavinograd.com/bmtx-to-announce-first-quarter-2021-results-and-host-webcast/

TipRanks

3 Monster Growth stocks still undervalued

A poor jobs report didn’t derail the markets last week. New jobs in April totaled just 266,000, well below the expected 978,000, and the official unemployment rate, which was expected to hit 5.8%, actually edged up to 6.1%. Even so, the technology-weighted NASDAQ gained 0.88% in Friday’s session, the larger S&P 500 rose 0.75% by the end of the day. These gains took the S&P to a new all-time high, gaining 13% year-to-date. Market growth so far this year has been widespread, based on a general economic reopening as corona panic narrows in the rearview mirror. Widespread market gains create a positive environment for growth stocks. Using the TipRanks database, we extracted three stocks that fit a profile: a buy rating from Wall Street, recent stock appreciation that is sharply outperforming all markets, and considerable upside potential, indicating that ‘they can still be undervalued. Here are the details. Crocs (CROX) We’re going to start in footwear, where Crocs took the world by storm almost 20 years ago, when they started selling their brand of foam clogs. The shoes were big, bright, and even tacky – but they caught on and succeeded, and the company has since branched out into more traditional footwear, including sandals, sneakers, and even dress shoes. The brand has become popular with teens, who see it as ‘ugly chic’ and retro – but have driven sales. And increasing sales is the point of the game. The company’s quarterly revenue hit its recent low in the fourth quarter of 2019 and has since recorded 5 consecutive quarter-over-quarter gains, with the last three also being year over year earnings. The most recent quarterly reports, released last month for 1Q21, showed $ 460.1 million on the high line, a company record and a 63% year-over-year gain. EPS, at $ 1.47, was down from $ 2.69 in the fourth quarter – but up more than 800% from the 16 cents recorded in the quarter last year. This gain helped to cap a year in which CROX shares have appreciated 374% and are still on the rise. Crocs’ outperformance caught the attention of Piper Sandler analyst Erinn Murphy, who is ranked in the top 10% of Wall Street stock market professionals. “We commend the Crocs team for their continued execution, disciplined inventory and account management, and underlying reinvestments in the health of the brand. Additionally, with strong visibility in Q2 (sales forecast + 60% to 70%) and 2H estimates progressing easily with strong backlog plans to boot, we think bears worried about the sustainability of the Brand dynamics will need to hibernate for an additional 12 months, ”Murphy noted. To that end, Murphy gives CROX an overweight (i.e. buy) rating, and his price target of $ 140 suggests he’s up about 29% over the next 12. month. (To look at Murphy’s track record, click here) It’s clear Wall Street generally agrees with Piper Sandler’s take on Crocs. The stock has 8 recent reviews, including 6 buy and 2 hold, giving the stock its Strong Buy consensus rating. The share price is $ 108.92 and the average target of $ 123.75 indicates room for growth of around 14% over the coming year. (See CROX stock review on TipRanks) Cleveland-Cliffs, Inc. (CLF) We will continue our growth stock review with Cleveland-Cliffs. This Ohio-based mining and steel company has four active iron mines in northern Minnesota and Michigan. The company started out as a miner and in 2020 acquired two steel companies, AK Steel and ArcelorMittal USA, and has become both self-sufficient in the steel industry, from earth to foundry, and the largest North American producer of flat rolled steel. The company has seen its shares rise significantly in recent quarters, thanks to rising revenues. CLF is up 393% from that period a year ago, surpassing the S&P’s 44% gain in one year. The Cleveland-Cliffs increase came as the company generated more than $ 1 billion in revenue for four consecutive quarters. The most recent quarter, 1Q21, posted $ 4.02 billion on the top line. Although slightly lower than analysts’ expectations, that total was up 84% from the fourth quarter and almost 10 times higher than the $ 385.9 million in the quarter last year. On the earnings side, CLF posted modest net income of $ 41 million in the quarter, or 7 cents per share. This is a solid turnaround from last year’s quarter net loss of $ 52 million, or 18 cents per share. The earnings and profit gains are seen as a benchmark for the company, which is entering its first full year as a self-sufficient iron miner and steelmaker. In addition to starting the year on a positive note, the company also boasted $ 1.8 billion in liquidity. Lucas Pipes, 5-star analyst at B. Riley, writes of Cleveland-Cliffs: “With near-term cash flow expected to be robust ($ 2.3 billion forecast for 2021), the company expects use excess cash flow to aggressively reduce debt. We see low leverage as a strategic priority for the company at this time, as it proves the benefits of its fully integrated model. In our opinion, Cleveland-Cliffs represents the most attractive value of the space. The comments confirm Pipes’ buy rating, and he sets a price target of $ 24 that implies upside potential of 56% year-on-year. (To view Pipes’ track record, click here) Overall, the street view of CLF is currently divided evenly down the middle. 3 purchases and 3 withholdings correspond to a consensual moderate purchase rating. The average price target is $ 25.40 and implies that analysts see the stock rise by about 20% from current levels. (See CLF stock market analysis on TipRanks) Atlas Air (AAWW) Last but not least, Atlas Air, a $ 2 billion player in the aviation industry. Atlas operates as a freight airline and passenger charter service, and an aircraft rental company for other airlines, leasing aircraft as well as air and ground crew services. The company controls a fleet of Boeing commercial jets, including 747s, 777s, 767s and 737s, configured for a variety of roles. As one can imagine, Atlas saw its business decline during the corona pandemic – but was able to weather the crisis due to the long-term nature of most of its leases. The top line is up 33% year-over-year for 1Q21, to $ 861.3 million. Profits, at $ 3.05 per share, are positive, and although they were down $ 6.20 in the fourth quarter, they are up 238% from the quarter last year. The company expects business to continue this year as demand for air cargo exceeds supply given the rapid pace of economic reopening. Over the past 12 months, Atlas Air has seen strong share growth, rising 108%. Still, Truist’s 5-star analyst Stephanie Benjamin believes the stock has more room to grow. “We believe that AAWW’s diverse fleet and international reach positions the company favorably to capitalize on the increased demand for air cargo due to the global growth of e-commerce and continued supply chain disruptions. Additionally, while AAWW was a ‘beneficiary of COVID’, we believe its increased focus on long-term contracts over the past year has fundamentally strengthened its business model and should provide greater revenue / profit visibility. in the future, ”said Benjamin. Unsurprisingly, Benjamin is pricing the stock at Buy, with a price target of $ 95 which implies a 28% rise this year. (To see Benjamin’s track record, click here) Overall, Wall Street agrees with Benjamin’s call on this. and all are to be bought, which is the unanimity of the Strong Buy consensus rating. With an average price target of $ 86.67 and a current price of $ 74.03, this stock is up 17% one year (see AAWW stock analysis on TipRanks). For great ideas for stocks traded at attractive valuations, check out the Best Stocks to Buy from TipRanks, a newly launched tool that brings together all the information about TipRank stocks. Disclaimer: The opinions expressed in this article are those of featured analysts only. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

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IDFC First Bank Q4 Results: Profit climbs 78% to Rs 128 crore https://juliavinograd.com/idfc-first-bank-q4-results-profit-climbs-78-to-rs-128-crore/ Sun, 09 May 2021 04:06:00 +0000 https://juliavinograd.com/idfc-first-bank-q4-results-profit-climbs-78-to-rs-128-crore/ NEW DELHI: Saturday reported a 78 percent rise in net profit to Rs 128 crore for the fourth quarter ended March 2021. The private sector lender reported profit of Rs 72 crore in the corresponding quarter from January to March one year ago.

Total income in the fourth quarter rose to Rs 4,834 crore from Rs 4,576 crore in the same period of fiscal 20, IDFC First Bank said in a regulatory filing.

On the asset front, gross non-performing assets (NPA) or bad debt as a percentage of gross loans as of March 31, 2021, rose to 4.15% from 2.60% the previous year at the same period.

At the same time, net NPAs also rose to 1.86% from 0.94% in March 2020.

As a result, the provision (other than tax) and contingencies have increased to Rs 603 crore from Rs 412 crore in the same quarter a year ago.

In the fourth quarter of fiscal 21, the bank released Rs 324 crore from provisions made for a telecommunications account based on the market value of the instruments and took additional provisions of Rs 375 crore for COVID-19 which is carried over to the next financial year for the unprecedented. situation resulting from the second wave of COVID-19 in India, he said.

For the full year 2020-2021, the bank recorded a profit of Rs 452 crore against a loss of Rs 2,864 crore in the previous fiscal year.

Total income during the year rose to Rs 18,221.5 crore from Rs 18,029.7 crore the previous year.

“Including the Rs 3000 crore equity raised through QIP on April 6, 2021, our overall capital adequacy is strong at 16.32 percent. We maintain high levels of liquidity with a liquidity coverage ratio of 153 percent “, IDFC First Bank MD V Says Vaidyanathan.

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OCBC’s first quarter profit more than doubled to record $ 1.5 billion, Bank News and Top Stories https://juliavinograd.com/ocbcs-first-quarter-profit-more-than-doubled-to-record-1-5-billion-bank-news-and-top-stories/ Fri, 07 May 2021 03:43:13 +0000 https://juliavinograd.com/ocbcs-first-quarter-profit-more-than-doubled-to-record-1-5-billion-bank-news-and-top-stories/

SINGAPORE – OCBC beat market expectations on Friday, May 7, as its first quarter profit more than doubled thanks to strong performance in its wealth management and insurance businesses and lower bad debt provisions.

Singapore’s second-largest local bank net profit hit a quarterly high of $ 1.5 billion for the three months ending March, beating the $ 901.9 million average of analyst estimates compiled by Refinitiv , and against $ 698 million for the quarter of last year.

Non-interest income jumped 70% year-on-year to $ 1.47 billion on higher fees, trading and insurance income, amid an improving operating environment and favorable market conditions, OCBC said.

Net interest income fell 11% to $ 1.44 billion from $ 1.63 billion last year. This is mainly due to a 20 basis point squeeze in the net interest margin in a still low interest rate environment, the bank said.

The net interest margin, a key indicator of bank profitability, stood at 1.56 percent. It was unchanged from the previous quarter and lower than the 1.76% in the first quarter of 2020.

Credit costs also fell to 22 basis points from 86 a year ago, amid improving economic prospects.

Provisions for the quarter of $ 161 million, primarily for impaired assets, were 75 percent lower than $ 657 million a year ago.

About half of the provisions for impaired assets were set aside for the bank’s remaining oil and gas exposure in its portfolio.

Net fees and commissions rose 7% to a record high of $ 585 million, driven by a record $ 321 million in wealth management fees.

The net interest margin stood at 1.56%, unchanged from the previous quarter, and below 1.76% in the first quarter of 2020.

Group CEO Helen Wong, who delivered her first set of OCBC results, said earnings were exceptional due to favorable market conditions.

“We made very strong profits in key markets and businesses. We are also seeing diversified profits, and that relies on the strength and resilience of our three pillars – wealth, insurance and of course, banking, ”she said at a press briefing on Friday.

Ms. Wong said the bank is witnessing a strong recovery in global production and trade this year, spurred by the resumption of economic activity in the United States amidst monetary stimulus and fiscal spending.

China, another important economy, has seen an acceleration in the recovery of exports and very strong domestic demand, said Ms Wong, who added that the economic recovery is also expected to be strong in the bank’s main markets of Singapore. , Malaysia, Indonesia and Greater China.

She warned, however, that the recovery was not yet widespread. “This is largely due to the emerging variants of Covid-19 and the slow roll-out of vaccination in some countries. So a real return to normal will take time, and maybe longer than we realize this year. ”

The bank will focus on deepening its network to support its clients and capitalize on signs of sector recovery, Wong added. “We will see our loan portfolio as having momentum to drive faster growth the rest of the year, and I am thinking of mid to high single-digit growth in our loan portfolio.”

OCBC is already seeing increased demand for loans in infrastructure, logistics, transportation and real estate, as well as a growing appetite for private funds managing the region’s wealth, she said.

Ms Wong said she did not expect huge allocations over the next three quarters, with relief programs seeing healthy paybacks as such programs dwindle.

Loans under relief represented 2 percent of total OCBC loans, unchanged from last quarter, and their amount increased from $ 5.7 billion to $ 5.1 billion.

OCBS peers, DBS and UOB, also reported strong first quarter results.

Globally, bank profits rebounded after their Covid-19 collapse, boosted by a return to revenue growth, surging business profits and lower loss provisions that hurt their profits the last year.

OCBC shares were up 15 cents or 1.2% to $ 12.55 at 11:16 a.m. Friday.

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HSBC reports first quarter 2021 results https://juliavinograd.com/hsbc-reports-first-quarter-2021-results/ Tue, 27 Apr 2021 04:07:17 +0000 https://juliavinograd.com/hsbc-reports-first-quarter-2021-results/

Pedestrians wearing protective masks walk past a logo displayed at a branch of HSBC bank in the central district of Hong Kong.

Roy Liu | Bloomberg | Getty Images

HSBC, Europe’s largest lender by assets, reported first quarter pre-tax profits higher than estimates, but recorded lower revenues.

The London-based bank, which makes most of its revenue in Asia, said its reported profit before tax rose 79% from a year ago to $ 5.8 billion for the three months se ending March 31. It exceeded analysts’ expectations by $ 3.346 billion, according to estimates compiled by HSBC.

Reported revenue was nearly $ 13 billion, down 5% for the first quarter from the same period a year ago. The bank said this reflected the low rate environment.

“We have had a good start to the year supporting our clients, while achieving significantly improved returns for our shareholders,” Noel Quinn, Managing Director of HSBC Group, said in a statement. “I am satisfied with our sales and costs, but in particular our significantly lower expected credit losses.”

“We made further progress in reducing costs and risk-weighted assets, and launched new products and capabilities in areas of strength,” added Quinn.

HSBC said all regions were profitable in the first quarter.

Here are other highlights from the bank’s financial bulletin:

  • Expected credit losses and other charges for credit impairment declined for the quarter – the bank released $ 400 million in bad debt provisions against a charge of $ 3 billion a year ago, reflecting improving performance. economic outlook, said HSBC.
  • The net interest margin – a measure of loan profitability – stood at 1.21%, down 33 basis points from a year ago.
  • The common equity Tier 1 capital ratio was 15.9%, unchanged from December 31, 2020.
  • Basic earnings per share was $ 0.19, up from $ 0.03 in the previous quarter and $ 0.09 a year ago.

Outlook

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ICICI Bank Share Grows 6% After Fourth Quarter Results, Here’s What Brokers Say https://juliavinograd.com/icici-bank-share-grows-6-after-fourth-quarter-results-heres-what-brokers-say/ Mon, 26 Apr 2021 06:08:00 +0000 https://juliavinograd.com/icici-bank-share-grows-6-after-fourth-quarter-results-heres-what-brokers-say/

ICICI Bank’s share rose more than 6% today after the lender reported a jump of more than three times its stand-alone net profit for the January-March quarter. ICICI Bank’s share gained 6.11% to an intraday high of Rs 604.9. The stock opened with a gain of 5.31% at Rs 602 today.

Large cap stocks trade at above 5-day, 20-day, 100-day, and 200-day moving averages, but below 50-day moving averages.

The share has increased by 79.44% in one year and has gained 12.35% since the beginning of this year. The company’s market capitalization soared to Rs 4.16 lakh crore on BSE today.

ICICI Bank on Saturday reported stand-alone net profit of Rs 4,403 crore in the fourth quarter compared to net profit of Rs 1,221 crore in the quarter a year earlier.

Total income increased to Rs 23,953 crore in the fourth quarter from Rs 23,443 crore in the previous year quarter.

On a consolidated basis, the private sector lender’s net profit jumped to Rs 4,886 crore in the March quarter from Rs 1,251 crore in the last quarter of 2019-20.

Income on a consolidated basis increased to Rs 43,621 crore from Rs 40,121 crore for the reported quarter.

Sensex zooms 750 points, Nifty above 14,550 despite record rise in Covid-19 cases

Gross non-performing assets (NPA) or bad debts fell to 4.96% of gross advances at the end of March 2021 from 5.53% as of March 31, 2020.

Net NPAs also fell to 1.14% from 1.41%.

Provisions for bad and bad debts fell to Rs 2,883.47 crore in the fourth quarter, against Rs 5,967.44 crore stationed a year ago in the same quarter.

ICICI Bank FY21 profit doubles to Rs 16,193 crore; asset quality improves

Here’s what the brokerages said after the lender reported its fourth quarter results.

Motilal Oswal said: “Liability franchise continues to improve with healthy CASA growth. The bank achieved double-digit RoE (~ 12.6%) for the first time after fiscal 2017, and we expect that the RoA / RoE will improve to 1.7% / 15.2% in Buy with a price target of Rs 750 per share (2.4x ABV FY23E for the autonomous bank).

LKP Securities increased the target share price by 23.3%.

“We expect the bank’s loan portfolio to prudently grow at a 16% CAGR over fiscal years 21-23E, driven by balanced growth across all segments. 13.6% in FY22E. We value the stand-alone entity with 2.2xFY23E BVPS (Rs 268) and an investment in subsidiaries and JVs (Rs 113 per share); we arrive at an unchanged target price of Rs 703. We recommend the BUY rating with a potential upside of 23.3%. ”

Actions in the news: ICICI Bank, HCL Tech, SBI Card, Tech Mahindra and more

]]> Largest bank in Tennessee sees profits and shares increase following merger with largest bank in Louisiana https://juliavinograd.com/largest-bank-in-tennessee-sees-profits-and-shares-increase-following-merger-with-largest-bank-in-louisiana/ Thu, 22 Apr 2021 01:01:15 +0000 https://juliavinograd.com/largest-bank-in-tennessee-sees-profits-and-shares-increase-following-merger-with-largest-bank-in-louisiana/

Tennessee’s largest bank is reaping the rewards of its merger with Louisiana’s largest bank last summer to boost first-quarter operating profits, revenues and share price.

The First Horizon Bank on Wednesday reported quarterly earnings of 51 cents per share, beating the consensus estimate of Wall Street analysts to 37 cents per share during the three-month period. First quarter 2021 results also exceeded comparable earnings by 5 cents per share a year ago. Results were adjusted for one-time expenses related to First Horizon’s buyout last year of Iberiabank in Lafayette, Louisiana.

First Horizon CEO Bryan Jordan said the bank was able to generate around $ 10 million in annual revenue after securing $ 400 million in commercial loan commitments. Many of these relationships relate to asset-backed loans and equipment finance products offered by Iberiabank.

First Horizon did not include revenue opportunities in its projections for the $ 3.9 billion merger, which closed in July.

First Horizon reported revenue of $ 806 million for the quarter ended March 2021, beating the consensus estimate by 4.6%.

“Our balanced business model and countercyclical business continued to perform well in the first quarter,” Jordan said. “Credit quality has improved and our spending discipline has resulted in additional cost savings.”

Jordan said he expects the US economy to improve through 2021 and outperform the national average in the southeastern states where First Horizon operates, including Tennessee, Georgia, in Florida and Louisiana.

In Chattanooga, where First Horizon is the largest bank, the first quarter results mirror those of the company, according to Jay Dale, president of the Southeast Tennessee market.

“We could not have imagined last March that we would have such strong results in the first quarter of 2021 as the pandemic exits,” Dale said. “Our economy continues to recover and our customers are cautiously optimistic for the remainder of the year.”

In response to quarterly results, shares of First Horizon rose more than 5.4% on Wednesday when trading on the New York Stock Exchange. First Horizon stock has risen 39.5% so far in 2021 and is up over 136% from its price a year ago at this time.

First Horizon directors authorized a $ 500 million share buyback in January and company officials have said they plan to make such share buybacks from time to time if they deem it appropriate. .

“We are optimistic about ourselves so we expect to buy back our stocks opportunistically,” Jordan said.

– Compiled by Dave Flessner who can be reached at dflessner@timesfreepress.com or 757-6340.

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Metropolitan Bank Holding Corp. (MCB) Q1 Profits and income beat estimates https://juliavinograd.com/metropolitan-bank-holding-corp-mcb-q1-profits-and-income-beat-estimates/ Wed, 21 Apr 2021 22:05:10 +0000 https://juliavinograd.com/metropolitan-bank-holding-corp-mcb-q1-profits-and-income-beat-estimates/

TipRanks

2 Strong Buy Penny Stocks That Could Generate Massive Returns

The long-term uptrend in the markets is marked; the S&P 500 is up 51% over the past 12 months, even after accounting for a few recent slips. For investors, this makes now a good time to look for low-cost market segments with high return potential. Or in other words, take the advice of the old days and buy low to sell high. Jefferies equity strategist Steven DeSanctis, in a recent note on the themes of small-cap markets, points out that this segment is attracting the attention of investors. “We are seeing interest in the size segment and we are learning that institutional investors are really interested in adding assets to the size segment. This makes sense to us, as small caps as a percentage of total exposure to the US stock market are still well below its 90 – a historic year as investors clamored for large caps, big growth and the FAANG names. . We estimate that more than $ 38 billion has been invested in small caps in the past five months, the largest influx since we started tracking data until 2006, or 4.6% of total assets. , close to a record level. We also estimate that about 45% of all flows go to passive investing, which drives performance, ”DeSanctis wrote. And that brings us to penny stocks, those low-priced stocks of less than $ 5 a share – are a high-stakes opportunity with benefits often approaching several hundred percent and a cost of entry low enough to mitigate the risk. associate. These stocks come at a low price for a reason, but for those that do, the rewards are huge. With that in mind, we used the TipRanks database to focus only on those penny stocks that received bullish support from the analyst community. We found two that are backed by enough analysts to achieve a consensus “Strong Buy” rating. Not to mention that each offers enormous upside potential. ADMA Biologics (ADMA) We will start with ADMA Biologics, an end-to-end biopharmaceutical company, which develops and markets blood plasma-derived products that can be used to treat infectious diseases – and more importantly, to help prevent such diseases. in the first place. ADMA, in 2020, saw the expansion of two products for the treatment of primary humoral immunodeficiency (PI). These products, Asceniv and Bivigam, are both derived from human blood plasma and deliver immunoglobulins to the patient by intravenous injection. In any business, success is measured in cash. ADMA achieved this goal by posting a 44% increase in total revenue in 2020, with revenue reaching $ 42.2 million. This is due to increased sales of the Company’s main intravenous immunoglobulin (IVIG) products. Going forward, ADMA recognizes the underlying fact of its products – that they are derived from human blood products and therefore depend on voluntary donations. The company currently has 7 operational plasma collection centers, with COVID safeguards in place, and plans to open two more this year. Longer-term expansion plans include opening 10 more centers by 2024. Right now for $ 1.55 each, street pros believe ADMA’s stock price is offering investors an attractive entry point. Among the bulls is Maxim’s 5-star analyst Jason McCarthy, who clearly sees the way forward for the company. “Management is executing its strategy and after a positive year, but impacted by COVID-19, ADMA is poised to make a breakthrough in 2021. Multiple initiatives are expected to lead to acceleration in revenues and margins. In particular, ASCENIV’s new J code and multiple manufacturing initiatives, including the new fill-finish machine and the expansion of BIVIGAM’s capacity to ~ 4400 L, are expected to drive sales and accelerate margins. at 2H21, “McCarthy said. The analyst added,” There is an assessment of Disconnection between the company’s plasma collection facilities + sales potential vs market capitalization, in our opinion. Grifols recently acquired 25 US-based plasma centers for ~ $ 370 million, valuing each center at ~ $ 15 million. ADMA has 7 centers in different stages of development / approval and plans to grow to 10 fully operational by 2024. The company is already on a run-rate of around $ 55 million, with accelerating sales and a potentially rate of around $ 250 million by 2024.. Management is running and we believe that the intrinsic value of plasma facilities and approved products should already exceed the market capitalization of the company. “In line with those expectations, McCarthy is awarding ADMA a Buy, and its price target of $ 6 indicates confidence in a solid 266% growth potential for the coming year. (To see McCarthy’s track record, click here ) It is clear from analyst consensus that McCarthy is not an outlier on this stock. ADMA has had 4 recent valuations, and all must buy, making the consensus note a strong unanimous buy. The average price target of 7 , $ 67 is even more bullish than McCarthy’s and suggests a one-year rise of 393%. (See ADMA market analysis on TipRanks) Catalyst Biosciences (CBIO) The next stock we’ll be looking at, Catalyst Biosciences, works in the biopharmaceutical industry, where it researches unmet needs in rare disorders of complement and coagulation systems.The company has a protease engineering platform and its hemostasis development program includes two p Advanced stage clinicalists. The supplement pipeline is still in preclinical development and includes four separate drug candidates. Catalyst took a major milestone in December last year, when the FDA granted Fast Track designation for the company’s most advanced pipeline product, marzeptacog alfa (activated) or MarzAA. The fast-track designation will give Catalyst more opportunities to work hand-in-hand with the FDA in the development of MarzAA and may involve priority review if it meets its goals in the studies. MarzAA is a new generation coagulation factor VIIa designed for the treatment of episodic bleeding in patients with hemophilia. He is currently entering a Phase 3 trial with plans to recruit 60 subjects. The company plans to send its final report to the Data and Security Oversight Committee in mid-2022. CBIO’s strong pipeline has earned it high praise from Piper Sandler analyst Tyler Van Buren. “In our opinion, the catalytic power of the company’s protease platform continues to be underestimated due to a lack of familiarity. For the first time in 2021, we look forward to data from the phase III trial of MarzAA, which may support a 2023 approval. Phase I / II in Glanzmann’s thrombasthenia (over 1,600 patients) and in d Other indications will also be in progress. For proteases targeting the complement of Catalyst, we anticipate that an observational trial will begin shortly in CFI deficiency, which should provide a bolus of patients to enroll in phase I for CB 4332 next year. There is also significant upside potential related to the expansion of CB 4332 into other indications, and the rest of the complementary franchise which includes CB2782-PEG, a new anti-C3 protease for dry AMD, and others. degrading C4b, ”Van Buren wrote. With the active development agenda in mind, the analyst summed up: “Ultimately, we… recommend that investors accumulate stocks ahead of the launch of upcoming studies and clinical readings throughout the year. . ” These bullish comments corroborate the analyst’s overweight (ie buy) rating on the stock. Its price target of $ 15 implies an increase of 229% for the next 12 months. (To see Van Buren’s track record, click here) What does the rest of the street think about the prospects for CBIO? It turns out other analysts agree with Van Buren. The stock has received 4 buys in the past three months compared to no takes or sells, making the consensus rating a strong buy. CBIO shares are currently trading at $ 4.69, and the average price target of $ 18.50 brings the upside potential to 296%. (See CBIO Stock Market Analysis on TipRanks) For great ideas for trading penny stocks at attractive valuations, visit TipRanks Best Stocks to Buy, a newly launched tool that brings together all the information about TipRanks stocks . Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

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Northeast Bancorp (NASDAQ: NBN) – Northeast Bank: Third Quarter Results Snapshot https://juliavinograd.com/northeast-bancorp-nasdaq-nbn-northeast-bank-third-quarter-results-snapshot/ Wed, 21 Apr 2021 21:59:54 +0000 https://juliavinograd.com/northeast-bancorp-nasdaq-nbn-northeast-bank-third-quarter-results-snapshot/

Actions of North-east shore (NASDAQ: NBN) was unchanged after the company’s third quarter earnings release.

Quarterly results

Earnings per share rose 523.81% over the past year to $ 1.31, beating the estimate of $ 0.21.

Revenues of $ 58,072,000 up 238.00% from the same period last year, which exceeded the estimate of $ 20,340,000.

Outlook

Northeast Bank has not released a revenue forecast at this time.

Northeast Bank has not released a revenue forecast at this time.

Recent equity performance

Company high in 52 weeks was $ 30.43

52 week low: $ 10.20

Price action in the last quarter: + 3.65%

Company Description

Northeast Bank provides banking and financial services to individuals and businesses in the United States. The company conducts its lending business through three main channels: the Community Banking Division, the Loan Acquisition and Management Group, and the Small Business Administration Division. Its loan portfolio includes residential mortgages; multi-family real estate loans and other commercial real estate loans; commercial and industrial loans, consumer loans and small business administration loans. The company also provides telephone banking, online banking, mobile banking and remote deposit capture services. The company’s income comes mainly from interest and dividends from the bank.

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S&P 500, Financials, Bond ETF Flows After Strong First Quarter Bank Profits https://juliavinograd.com/sp-500-financials-bond-etf-flows-after-strong-first-quarter-bank-profits/ Wed, 21 Apr 2021 20:00:24 +0000 https://juliavinograd.com/sp-500-financials-bond-etf-flows-after-strong-first-quarter-bank-profits/

S&P 500, Financials, Bond Fund Flows Talking Points:

  • The S&P 500 retreated from its all-time highs, but is higher again on Wednesday.
  • XLF Financials ETF shows little reaction to strong bank earnings.
  • Treasury ETFs have seen an increase in inflows in recent days.

S&P 500, Financials, Bond ETF Flows After Strong First Quarter Bank Profits

The S&P 500 Index hit a new all-time high in mid-April around the 4,180 level. As the week of April 19e started, the index fell lower, falling back to the 4,120 level before rising higher on Wednesday. First quarter earnings reports continue to be generally strong, and the brief bout of risk aversion seen earlier in the week could be nothing more than profit taking at record highs.

S&P 500 Index – 45 minute delay (March – April 2021)

Chart created by Izaac Brook: Source: TradingView

The results season started with Strong Q1 earnings outperform JP Morgan, Goldman Sachs and Wells Fargo. Bank profits were boosted by strong trading income, reductions in loan loss reserves and better than expected economic performance in the United States. New strength appears to be on the horizon as the economy continues to reopen.

XLF, XLF, Bloomberg Fund Flows

The XLF Financial Sector ETF hit a new all-time high alongside these strong earnings reports, but has since fallen slightly alongside the decline in the S&P 500 index as a whole. Meanwhile, flows to the ETF remain moderate and mixed. The ETF saw large inflows in January, February and March as US yields rose, but since peaking around 1.77% at the end of March, yields have risen. moved back.

With yields being a major driver of financial sector earnings, a continued pause in upward moves or a downward pullback will threaten the ability of the financial sector to post equally impressive numbers in the second quarter.

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TLT, BIL, GOVT, Cash, ETF Cash, Treasury Yields

The pause in yield increases since the end of March has had a similar impact on Treasury ETFs. Overall fund flows for TLT, BIL and GOVT ETFs remained mixed in 2021. After larger outflows in late February coinciding with surging yields, flows remained relatively calm. In recent days, inflows have been concentrated as yields have remained broadly stable.

Since the end of the first quarter, negative sentiment towards Treasuries has been waning, with market holdings closing their short positions and instead taking long positions. Future movements in Treasury yields are likely to be tied to the path of economic reopening and the Federal Reserve’s policy decisions.

the The Bank of Canada has announced a gradual reduction in its QE purchases Wednesday, and many suspect that the Fed will also go down this path before the end of the year. While the next FOMC meeting in April is probably too early to talk about the phase-down, the June or July meetings could see such a discussion begin.

— Written by Izaac Brook, DailyFX Research Intern

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