WiseRadar: March 20, 2023.
New York Community Bancorp, Inc. ($NYCB)
New York Community Bancorp, Inc. (NYCB) reported a strong fourth quarter, with net income of $206 million, a 17% increase from the same period last year. The company also reported a 5% increase in net interest income and a 4% increase in non-interest income. Overall, NYCB had a successful quarter, and its stock price rose by 3.2%.
PacWest Bancorp ($PACW)
PacWest Bancorp (PACW) reported a strong quarter, with net income of $83.7 million, up from $67.7 million in the same quarter last year. Net interest income increased by 7.7%, and total assets rose by 4.7%. The company also reported strong loan growth and a higher return on average assets. Overall, PacWest Bancorp had a strong quarter.
Franchise Group, Inc. ($FRG)
Franchise Group, Inc. (FRG) resumed trading on March 23 following a pending halt. The company announced a $50 million private placement of its common stock and warrants, with the proceeds to be used for working capital and general corporate purposes. The placement was priced at $20.50 per share and the warrants are exercisable at $25.50 per share. This news caused a surge in FRG’s stock price.
Talos Energy Inc. ($TALO)
Talos Energy Inc. has announced a $100 million share repurchase authorization. The repurchase program will be executed in the open market or through privately negotiated transactions, depending on market conditions. The company also plans to use the repurchase program to offset dilution from its equity compensation plans. This is a positive move for shareholders as it will increase the value of their shares.
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First Horizon Corporation ($FHN)
First Horizon Corporation (FHN) is a bank holding company that has seen its shares trading lower in Monday’s mid-day session. The company has seen its stock decline due to the overall market sentiment, but is still well-positioned to benefit from the current economic recovery. FHN is focused on providing banking services and financial solutions to its customers.
HIVE Blockchain Technologies Ltd. ($HIVE)
Hive Blockchain Technologies Ltd. (HIVE) is a cryptocurrency mining company that has been given a “Buy” rating by HC Wainwright & Co. The company has a price target of $5 and is well-positioned to benefit from the increasing demand for digital currencies. HIVE has also seen positive developments in terms of its technology and strategic partnerships.
BRP Inc. ($DOOO)
BRP Inc. (DOOO) has been upgraded by Benzinga’s analysts from a “hold” to a “buy” rating. The company is seen as a leader in the powersports industry, with a strong portfolio of innovative products and a solid financial position. The analysts believe that BRP’s stock is undervalued and is likely to outperform the market in the near future.
Bel Fuse Inc. ($BELFB)
Bel Fuse Inc. (BELFB) is a value stock in the technology sector. It is a manufacturer of electronic components and interconnect solutions for the automotive, consumer, communications, industrial, and medical markets. The company has a strong balance sheet, a low P/E ratio, and a dividend yield of 4.2%. It is a good choice for investors looking for a long-term investment in the technology sector.
Westrock Coffee Company, LLC ($WEST)
Westrock Coffee Company, LLC (WEST) has been given a Buy rating and a $15 price target by Benchmark. The company is expected to benefit from the increasing demand for specialty coffee and from its focus on innovation and sustainability. It is also well-positioned to benefit from its strong customer relationships.