Financial Analysts Archives - Page 47 of 75

March 27, 2022

Zacks: Analysts Expect MEDNAX, Inc. (NYSE:MD) to Announce $0.26 EPS

Equities analysts predict that MEDNAX, Inc. (NYSE:MD – Get Rating) will announce earnings of $0.26 per share for the current quarter, Zacks reports. Six analysts have issued estimates for MEDNAX’s earnings. The highest EPS estimate is $0.28 and the lowest is $0.25. MEDNAX posted earnings of $0.24 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The firm is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that MEDNAX will report full-year earnings of $1.84 per share for the current financial year, with EPS estimates ranging from $1.65 to $1.96. For the next year, analysts anticipate that the business will post earnings of $2.00 per share, with EPS estimates ranging from $1.75 to $2.12. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow MEDNAX.

MEDNAX (NYSE:MD – Get Rating) last announced its quarterly earnings results on Thursday, February 17th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.09. MEDNAX had a return on equity of 15.26{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a net margin of 6.85{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The business had revenue of $498.53 million for the quarter, compared to analysts’ expectations of $482.50 million. During the same period in the prior year, the firm earned $0.22 EPS. The business’s quarterly revenue was up 19.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} on a year-over-year basis.

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Several research analysts have recently commented on the company. Zacks Investment Research raised MEDNAX from a “hold” rating to a “strong-buy” rating and set a $27.00 target price on the stock in a report on Tuesday, March 1st. TheStreet raised shares of MEDNAX from a “c” rating to a “b-” rating in a report on Monday, February 28th. Credit Suisse Group reduced their price objective on shares of MEDNAX from $32.00 to $31.00 and set an “outperform” rating for the company in a research note on Wednesday, February 23rd. Finally, StockNews.com raised shares of MEDNAX from a “hold” rating to a “buy” rating in a report on Wednesday, February 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $29.63.

In other news, Director Roger Md Medel sold 87,361 shares of the firm’s stock in a transaction dated Tuesday, January 4th. The shares were sold at an average price of $27.43, for a total transaction of $2,396,312.23. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 239,122 shares of company stock valued at $6,478,687. 2.80{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC lifted its stake in MEDNAX by 5,380.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. O Shaughnessy Asset Management LLC now owns 1,096 shares of the company’s stock worth $31,000 after acquiring an additional 1,076 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of MEDNAX during the fourth quarter valued at about $57,000. Meeder Asset Management Inc. increased its holdings in shares of MEDNAX by 1,246.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the third quarter. Meeder Asset Management Inc. now owns 2,127 shares of the company’s stock valued at $60,000 after acquiring an additional 1,969 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of MEDNAX by 120.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,107 shares of the company’s stock valued at $85,000 after acquiring an additional 1,696 shares in the last quarter. Finally, Captrust Financial Advisors increased its holdings in shares of MEDNAX by 159.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the third quarter. Captrust Financial Advisors now owns 5,579 shares of the company’s stock valued at $159,000 after acquiring an additional 3,430 shares in the last quarter. Institutional investors own 96.99{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

NYSE MD traded up $1.28 during trading on Friday, hitting $24.34. 766,267 shares of the company traded hands, compared to its average volume of 513,784. MEDNAX has a 12 month low of $22.31 and a 12 month high of $35.67. The business has a fifty day simple moving average of $24.02 and a 200 day simple moving average of $26.13. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $2.12 billion, a P/E ratio of 15.91, a PEG ratio of 1.52 and a beta of 2.07.

MEDNAX Company Profile (Get Rating)

MEDNAX, Inc, together with its subsidiaries, provides newborn, maternal-fetal, pediatric cardiology, and other pediatric subspecialty care services in the United States and Puerto Rico. It offers neonatal care services, such as clinical care to babies born prematurely or with complications within specific units at hospitals through neonatal physician subspecialists, neonatal nurse practitioners, and other pediatric clinicians.

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March 26, 2022

Webster Financial Co. (NYSE:WBS) Given Average Recommendation of “Buy” by Analysts

Shares of Webster Financial Co. (NYSE:WBS – Get Rating) have been assigned an average recommendation of “Buy” from the eight analysts that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $65.14.

Several research analysts recently commented on WBS shares. Raymond James raised Webster Financial from an “outperform” rating to a “strong-buy” rating and raised their target price for the stock from $65.00 to $73.00 in a research report on Friday, January 21st. JPMorgan Chase & Co. initiated coverage on Webster Financial in a research note on Friday, February 18th. They set a “neutral” rating for the company. Piper Sandler upgraded Webster Financial from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $58.00 to $72.00 in a research note on Wednesday, February 2nd. Finally, Wells Fargo & Company dropped their price objective on Webster Financial from $62.00 to $60.00 and set an “equal weight” rating for the company in a research note on Monday, March 21st.

Shares of WBS stock opened at $59.68 on Friday. The stock has a market cap of $10.72 billion, a P/E ratio of 13.53 and a beta of 1.32. Webster Financial has a one year low of $45.60 and a one year high of $65.00. The stock has a fifty day moving average price of $58.91 and a 200 day moving average price of $56.63. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.75 and a quick ratio of 0.75.

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Webster Financial (NYSE:WBS – Get Rating) last issued its earnings results on Thursday, January 20th. The financial services provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.10 by $0.21. The firm had revenue of $316.90 million during the quarter, compared to analysts’ expectations of $306.87 million. Webster Financial had a return on equity of 13.94{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a net margin of 32.29{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. Webster Financial’s quarterly revenue was up 7.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} compared to the same quarter last year. During the same period last year, the business earned $0.99 earnings per share. Equities research analysts anticipate that Webster Financial will post 5.2 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 11th. Stockholders of record on Friday, January 28th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, January 27th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.68{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. Webster Financial’s dividend payout ratio (DPR) is presently 36.28{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

In other news, insider Thomas X. Geisel sold 7,500 shares of the firm’s stock in a transaction on Tuesday, March 15th. The stock was sold at an average price of $57.43, for a total value of $430,725.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel Bley sold 4,000 shares of the firm’s stock in a transaction on Monday, February 28th. The shares were sold at an average price of $60.18, for a total value of $240,720.00. The disclosure for this sale can be found here. Company insiders own 0.82{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. JTC Employer Solutions Trustee Ltd acquired a new stake in Webster Financial in the third quarter worth about $27,000. Covestor Ltd acquired a new stake in Webster Financial in the fourth quarter worth about $28,000. Concord Wealth Partners increased its position in Webster Financial by 443.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the fourth quarter. Concord Wealth Partners now owns 609 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 497 shares during the period. NN Investment Partners Holdings N.V. acquired a new stake in Webster Financial in the third quarter worth about $38,000. Finally, Glassman Wealth Services increased its position in Webster Financial by 2,043.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the fourth quarter. Glassman Wealth Services now owns 686 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 654 shares during the period. Hedge funds and other institutional investors own 95.94{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

Webster Financial Company Profile (Get Rating)

Webster Financial Corp., is holding company, which engages in the provision of financial services to individuals, families, and businesses. It operates through the following business segments: Commercial Banking, HSA Bank, and Retail Banking. The Commercial Banking segment includes commercial banking and private banking.

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

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March 25, 2022

Capital One Financial Analysts Raise Earnings Estimates for EQT Co. (NYSE:EQT)

EQT Co. (NYSE:EQT – Get Rating) – Investigation analysts at Cash A single Economical raised their Q1 2022 earnings per share estimates for EQT in a be aware issued to traders on Wednesday, March 23rd. Funds A person Economical analyst B. Velie now expects that the oil and gasoline producer will gain $1.07 for each share for the quarter, up from their preceding estimate of $.90. EQT (NYSE:EQT – Get Score) previous issued its quarterly earnings facts on Wednesday, February 9th. The oil and gasoline producer described $.41 EPS for the quarter, missing the Zacks’ consensus estimate of $.51 by ($.10). All through the identical time period in the previous year, the enterprise posted ($.02) earnings for every share.

A number of other research analysts also recently commented on EQT. Wells Fargo & Corporation upped their value objective on EQT from $35.00 to $37.00 and gave the inventory an “chubby” rating in a investigation take note on Monday, March 14th. StockNews.com upgraded EQT from a “market” ranking to a “hold” score in a investigate report on Monday, February 14th. MKM Associates reiterated a “purchase” ranking on shares of EQT in a study report on Thursday, February 10th. Lastly, Truist Monetary decreased their rate focus on on EQT from $34.00 to $31.00 and set a “buy” score for the business in a analysis report on Friday, January 14th. 1 analyst has rated the stock with a keep ranking and twelve have supplied a obtain ranking to the organization. In accordance to details from MarketBeat, the business at present has a consensus score of “Get” and a consensus rate concentrate on of $29.22.

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Shares of EQT opened at $30.74 on Friday. The firm has a marketplace cap of $11.56 billion, a P/E ratio of -7.05, a PEG ratio of .48 and a beta of 1.08. The inventory has a fifty working day shifting average rate of $23.69 and a 200 day relocating average rate of $21.83. The firm has a personal debt-to-equity ratio of .45, a current ratio of .45 and a swift ratio of .45. EQT has a 12 thirty day period minimal of $15.71 and a 12 month large of $31.32.

Quite a few institutional buyers have not too long ago built modifications to their positions in EQT. Evergreen Capital Administration LLC procured a new stake in shares of EQT for the duration of the fourth quarter valued at $206,000. JustInvest LLC purchased a new stake in shares of EQT throughout the fourth quarter valued at $744,000. Comerica Financial institution lifted its holdings in shares of EQT by 2.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} for the duration of the fourth quarter. Comerica Bank now owns 410,233 shares of the oil and gasoline producer’s inventory valued at $8,246,000 just after getting an added 11,639 shares during the final quarter. EverSource Prosperity Advisors LLC bought a new stake in shares of EQT through the fourth quarter valued at $84,000. Eventually, NewEdge Advisors LLC procured a new stake in shares of EQT throughout the fourth quarter valued at $411,000. Institutional investors and hedge money have 89.38{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the firm’s inventory.

The corporation also not long ago disclosed a quarterly dividend, which was paid out on Tuesday, March 1st. Stockholders of document on Monday, February 14th ended up issued a $.125 dividend. This is a good modify from EQT’s previous quarterly dividend of $.03. The ex-dividend day was Friday, February 11th. This represents a $.50 annualized dividend and a dividend yield of 1.63{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. EQT’s dividend payout ratio is -11.47{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

EQT declared that its Board of Directors has approved a stock repurchase system on Monday, December 13th that authorizes the corporation to buyback $1.00 billion in shares. This buyback authorization authorizes the oil and fuel producer to repurchase up to 13.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of its shares as a result of open sector purchases. Shares buyback strategies are ordinarily an indication that the firm’s management believes its inventory is undervalued.

EQT Firm Profile (Get Ranking)

EQT Corp. is a natural fuel output company engaged in the providing, transmitting, and distribution of natural gasoline. It has operations in the Marcellus and Utica Shales of the Appalachian Basin. The company was founded in 1888 and is headquartered in Pittsburgh, PA.

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This instant news alert was created by narrative science know-how and monetary facts from MarketBeat in order to present readers with the fastest and most correct reporting. This tale was reviewed by MarketBeat’s editorial team prior to publication. Remember to ship any concerns or reviews about this story to [email protected]

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March 24, 2022

UK budget little relief to young people squeezed by cost of living

David-Prado | iStock | Getty Pictures

The U.K. government’s latest budget announcement available small hope for younger men and women who are among the all those having difficulties to cope with soaring living expenditures, economical analysts and advisors have said.

In his Spring Statement, U.K. Finance Minister Rishi Sunak acknowledged that the Russia-Ukraine war was placing additional pressure on the charge of residing in Britain, with costs previously on the rise because of to supply chain concerns in the wake of the Covid-19 pandemic.

Data produced before Wednesday showed that U.K. inflation was up 6.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in February and selling prices are envisioned to increase further more nonetheless. Sunak cited an Business for Spending plan Responsibility forecast that inflation will common 7.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} this calendar year.

To combat mounting prices, Sunak announced an instant minimize to gas taxes of 5 pence (6 cents) per liter for 12 months, starting up from 6 p.m. on Wednesday.

Myron Jobson, senior private finance analyst at U.K. system Interactive Investor, pointed out that this reduction in gasoline duty would minimize the cost of filling up the regular household vehicle by £2.75. He reported this was “smaller alter when compared to the latest hikes in the charge of gas” and would barely include the value of a coffee.

Jobson also explained that Sunak’s announcement of slicing the 5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} VAT (gross sales tax) on the charge of energy productive products for households did nothing at all to alleviate the “crushing” price tag of residing pressures on the U.K.’s most vulnerable persons.

“The policy absolutely ignores the plight of the just about 40{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of U.K. households living in rented accommodation and sensation the entire brunt of the hikes to electricity expenses,” he claimed.

Electricity payments are established to rise drastically in the U.K., with the country’s energy regulator owing to elevate its cap on costs by more than 50{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in April.

There had presently been some steps announced prior to Wednesday’s assertion to try to aid with mounting living expenses.

From April, sure homes will get a payment of £150 as a rebate on their regional authority tax payment. From October, eligible U.K. households will then get a £200 price reduction on power expenses, even though the govt will recover this money in £40 installments above 5 decades, beginning in 2023.

Countrywide Insurance hike

In Wednesday’s statement, Sunak also unveiled that from 2022 the earnings threshold at which employees begin having to pay National Coverage would rise by £3,000 to £12,570 a yr. Nationwide Insurance is a U.K. tax on revenue that goes towards funding state fees this sort of as the Countrywide Well being Provider.

On the other hand, Sunak also went forward with growing the fee of Countrywide Insurance policy contributions by 1.25{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} from April 2022 for just one yr.

Shaun Moore, tax and fiscal planning pro at U.K. prosperity management company Quilter, explained below these changes anyone earning down below £34,300 a yr will now face a reduced Countrywide Insurance invoice in 2022/23 than in this tax year, whilst people paid far more than that amount would see this tax increase.

In addition, Sunak declared that the basic price of profits tax would be slice by 1 pence for each individual pound by 2024.

Hargreaves Lansdown senior personal finance analyst Sarah Coles explained that whilst this offered some mild at the stop of the tunnel, “there is certainly an dreadful good deal of tunnel to go by to start with.”

‘Little reprieve’ for students

Meanwhile, Jobson mentioned Sunak also failed to handle the latest criticism of the govt-funded Kickstart Youth Work program.

The General public Accounts Committee, which examines the worth for dollars of governing administration tasks, labeled the early shipping and delivery of the £1.9 billion approach as “chaotic” and mentioned it had supported less young folks than predicted.

“For several youthful folks, the plight of securing a task with significant career development remains desperately out of get to immediately after two a long time of misplaced chances for the duration of Covid,” Jobson said.

He also stated there was “small reprieve in the Spring Statement to simplicity the plight of possible learners.”

In February, the U.K. authorities announced a amount of reforms to school pupil financing. This bundled decreasing the threshold at which graduates start off to repay state-funded higher education loans to when they generate £25,000 a yr. This is down from the current amount of £27,295.

Rosie Hooper, chartered financial planner at Quilter, calculated that this meant a potential graduate earning extra than £25,000 would shell out £260.55 a calendar year additional than a graduate on the preceding reimbursement prepare.

The authorities also announced it was arranging to increase the compensation phrase to 40 a long time from 30 years, with Hooper saying this intended quite a few graduates will be paying a 9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} tax for their “complete specialist occupation.”

March 23, 2022

Manulife Financial Co. (NYSE:MFC) Receives Average Recommendation of “Hold” from Analysts

Manulife Economical Co. (NYSE:MFC – Get Score) (TSE:MFC) has gained an ordinary recommendation of “Keep” from the twelve brokerages that are masking the stock, MarketBeat reports. 1 investment decision analyst has rated the inventory with a offer advice, four have offered a maintain suggestion and 4 have provided a acquire advice to the enterprise. The typical twelve-thirty day period price tag focus on amid brokers that have up-to-date their coverage on the inventory in the last 12 months is $31.67.

Several equities analysts recently issued experiences on the stock. StockNews.com lifted shares of Manulife Economical from a “hold” ranking to a “obtain” score in a report on Wednesday, March 16th. Scotiabank boosted their concentrate on cost on Manulife Money from C$29.00 to C$30.00 in a report on Friday, February 11th. BMO Cash Marketplaces raised their price tag goal on Manulife Economical from C$35.00 to C$37.00 in a report on Friday, February 11th. Barclays assumed protection on Manulife Money in a study note on Thursday, February 3rd. They issued an “obese” rating and a $36.00 cost goal on the inventory. Last but not least, Desjardins lifted their rate target on Manulife Financial from C$29.00 to C$30.00 in a report on Monday, February 14th.

Numerous large buyers have recently acquired and sold shares of the company. Sigma Scheduling Corp improved its placement in shares of Manulife Fiscal by 2.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the course of the 4th quarter. Sigma Preparing Corp now owns 19,885 shares of the economic solutions provider’s stock worth $379,000 after obtaining an more 498 shares all through the final quarter. Captrust Fiscal Advisors boosted its stake in shares of Manulife Economical by 4.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 3rd quarter. Captrust Financial Advisors now owns 11,901 shares of the economical expert services provider’s inventory worthy of $229,000 soon after getting an supplemental 503 shares throughout the interval. Spire Wealth Management boosted its stake in shares of Manulife Financial by 35.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} for the duration of the 4th quarter. Spire Prosperity Administration now owns 1,966 shares of the fiscal companies provider’s inventory worthy of $37,000 just after buying an extra 516 shares all through the period of time. Sargent Bickham Lagudis LLC boosted its stake in shares of Manulife Monetary by 41.{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 3rd quarter. Sargent Bickham Lagudis LLC now owns 1,856 shares of the monetary companies provider’s inventory truly worth $36,000 soon after buying an supplemental 540 shares for the duration of the period of time. Lastly, Synovus Financial Corp boosted its stake in shares of Manulife Fiscal by 4.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} throughout the 3rd quarter. Synovus Economic Corp now owns 12,814 shares of the economical expert services provider’s stock value $247,000 after getting an added 550 shares during the time period. 46.53{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is at present owned by hedge funds and other institutional traders.

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NYSE:MFC opened at $20.95 on Wednesday. Manulife Economic has a 52 7 days low of $17.66 and a 52 7 days large of $22.22. The enterprise has a market capitalization of $40.70 billion, a price-to-earnings ratio of 7.38, a PEG ratio of .73 and a beta of 1.24. The enterprise has a 50-day shifting regular of $20.48 and a 200-day shifting regular of $19.78.

Manulife Fiscal (NYSE:MFC – Get Score) (TSE:MFC) final issued its earnings success on Wednesday, February 9th. The fiscal solutions supplier noted $.67 earnings for each share (EPS) for the quarter, topping the Zacks’ consensus estimate of $.65 by $.02. The corporation had income of $17.14 billion throughout the quarter. Throughout the same period of time in the earlier calendar year, the organization posted $.57 earnings per share. As a group, equities analysis analysts forecast that Manulife Financial will submit 2.78 earnings for every share for the recent fiscal yr.

The organization also just lately declared a quarterly dividend, which was paid out on Monday, March 21st. Stockholders of history on Wednesday, February 23rd were compensated a $.26 dividend. The ex-dividend date was Tuesday, February 22nd. This signifies a $1.04 dividend on an annualized foundation and a dividend produce of 4.96{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. This is an raise from Manulife Financial’s preceding quarterly dividend of $.23. Manulife Financial’s dividend payout ratio is 36.62{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

About Manulife Economical (Get Ranking)

Manulife Financial Corp. engages in the provision of monetary products and services. It operates via the subsequent segments: Asia, Canada, U.S., World-wide Wealth and Asset Administration, and Company and Other. The Asia segment refers to insurance and coverage-primarily based prosperity accumulation products and solutions in Asia. The Canada section presents insurance-dependent prosperity accumulation items and banking products and services in Canada.

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This instant news inform was generated by narrative science know-how and monetary knowledge from MarketBeat in order to give viewers with the swiftest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. You should send any queries or feedback about this tale to [email protected]

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March 22, 2022

Truist Financial Analysts Raise Earnings Estimates for First Financial Bankshares, Inc. (NASDAQ:FFIN)

First Financial Bankshares, Inc. (NASDAQ:FFIN – Get Rating) – Equities research analysts at Truist Financial increased their Q2 2022 EPS estimates for shares of First Financial Bankshares in a research report issued to clients and investors on Monday, March 21st. Truist Financial analyst J. Demba now expects that the bank will post earnings of $0.40 per share for the quarter, up from their previous estimate of $0.39. Truist Financial also issued estimates for First Financial Bankshares’ Q1 2023 earnings at $0.37 EPS, Q2 2023 earnings at $0.40 EPS and Q4 2023 earnings at $0.43 EPS.

Several other research firms have also issued reports on FFIN. Zacks Investment Research raised shares of First Financial Bankshares from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Thursday, January 6th. StockNews.com upgraded First Financial Bankshares from a “sell” rating to a “hold” rating in a report on Friday.

Shares of NASDAQ:FFIN opened at $45.40 on Tuesday. The stock’s 50-day moving average price is $47.85. The firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of 29.01 and a beta of 0.88. First Financial Bankshares has a 12 month low of $43.03 and a 12 month high of $55.00. First Financial Bankshares (NASDAQ:FFIN – Get Rating) last released its quarterly earnings data on Thursday, January 27th. The bank reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. First Financial Bankshares had a return on equity of 13.23{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a net margin of 43.88{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The business had revenue of $129.71 million during the quarter, compared to the consensus estimate of $133.28 million. During the same period in the prior year, the firm posted $0.41 EPS. The business’s revenue for the quarter was up 2.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} on a year-over-year basis.

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Several hedge funds have recently modified their holdings of the company. Comerica Bank increased its holdings in First Financial Bankshares by 0.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the fourth quarter. Comerica Bank now owns 58,241 shares of the bank’s stock valued at $2,889,000 after buying an additional 250 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of First Financial Bankshares by 2.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 4th quarter. Crossmark Global Holdings Inc. now owns 11,590 shares of the bank’s stock valued at $589,000 after acquiring an additional 280 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of First Financial Bankshares by 0.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 4th quarter. Louisiana State Employees Retirement System now owns 33,000 shares of the bank’s stock valued at $1,678,000 after acquiring an additional 300 shares in the last quarter. Voya Financial Advisors Inc. raised its position in shares of First Financial Bankshares by 5.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 3rd quarter. Voya Financial Advisors Inc. now owns 6,040 shares of the bank’s stock valued at $277,000 after acquiring an additional 328 shares in the last quarter. Finally, Beacon Pointe Advisors LLC boosted its holdings in First Financial Bankshares by 0.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. Beacon Pointe Advisors LLC now owns 48,013 shares of the bank’s stock worth $2,206,000 after purchasing an additional 395 shares during the period. 53.50{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is currently owned by institutional investors and hedge funds.

In other First Financial Bankshares news, Director Michael B. Denny bought 10,000 shares of First Financial Bankshares stock in a transaction dated Monday, March 7th. The stock was bought at an average cost of $45.28 per share, for a total transaction of $452,800.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Johnny Trotter purchased 2,500 shares of the company’s stock in a transaction that occurred on Monday, February 7th. The stock was bought at an average price of $47.22 per share, with a total value of $118,050.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 17,212 shares of company stock worth $785,094 in the last ninety days. 4.20{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is currently owned by insiders.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 1st. Investors of record on Wednesday, March 16th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.32{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The ex-dividend date is Tuesday, March 15th. First Financial Bankshares’s payout ratio is 37.74{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

About First Financial Bankshares (Get Rating)

First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services in Texas. The company accepts checking, savings and money market accounts, and time deposits; commercial and industrial, municipal, agricultural, construction and development, farm, non-owner occupied and owner-occupied commercial real estate, residential, and consumer auto and non-auto loans to businesses, professional individuals, and farm and ranch operations.

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Should you invest $1,000 in First Financial Bankshares right now?

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While First Financial Bankshares currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

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