Top 10 Financial Stocks For 2019

tags:STRS,MCBC,WRI,SKT,NFBK,FCCO,IVZ,SRCE,PCH,HOME,

ICICI Direct's research report on Bandhan Bank

Bandhan started as Bandhan Konnagar, a non-governmental organisation (NGO) in 2001 providing microfinance services to socially and economically disadvantaged women in rural West Bengal. On April 9, 2014, RBI granted an in-principle approval to Bandhan Financial Services (BFSL) to set up a scheduled commercial bank. Bandhan Bank has demonstrated stellar advances growth at ~51% CAGR in the last five years despite AP crisis and demonetisation. Continued focus on maintaining operating cost and steady asset quality (0.51% in FY18) led to superior return ratio (3.6% in FY18), which is one of the best in industry.

Outlook

Robust growth in balance sheet, elevated margins and stable asset quality fuelled the return ratios of the bank. Sustenance of higher margins at 9.5-10% and low cost to income ratio at 33-35% by FY21E is seen enabling earnings growth at 37% CAGR in FY18-21E to Rs 3489 crore. Consequently, we expect high RoA of 3.5-4%, RoE >20% to sustain and the bank to continue to trade at a premium. We roll over to FY21 and revise our target price to Rs 825 from Rs 700, valuing the stock at ~6x FY21E ABV (28.2x FY21E EPS). We maintain our BUY recommendation.

Top 10 Financial Stocks For 2019: Stratus Properties Inc.(STRS)

Advisors' Opinion:

• [By Shane Hupp]

  Here are some of the media stories that may have impacted Accern Sentiment’s analysis:

  Get Stratus Properties alerts: Analyzing Stratus Properties (STRS) & City Developments (CDEVY) (americanbankingnews.com) Stratus Properties (STRS) versus City Developments (CDEVY) Financial Survey (americanbankingnews.com) Reviewing Stratus Properties (STRS) and St. Joe (JOE) (americanbankingnews.com) Stratus Properties (STRS) versus City Developments (CDEVY) Head-To-Head Analysis (americanbankingnews.com) Contrasting Stratus Properties (STRS) & St. Joe (JOE) (americanbankingnews.com)

  NASDAQ STRS traded down $0.25 during trading hours on Monday, hitting $31.10. The company’s stock had a trading volume of 528 shares, compared to its average volume of 7,123. Stratus Properties has a 52 week low of $26.15 and a 52 week high of $32.15. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.74.

Top 10 Financial Stocks For 2019: Macatawa Bank Corporation(MCBC)

Advisors' Opinion:

• [By Ethan Ryder]

  BidaskClub upgraded shares of Macatawa Bank (NASDAQ:MCBC) from a buy rating to a strong-buy rating in a research note released on Friday morning.

  Separately, Hovde Group set a $11.00 price target on Macatawa Bank and gave the stock a hold rating in a research report on Monday, January 29th.

• [By Max Byerly]

  Chemical Financial (NASDAQ: CHFC) and Macatawa Bank (NASDAQ:MCBC) are both finance companies, but which is the better business? We will contrast the two businesses based on the strength of their dividends, earnings, institutional ownership, analyst recommendations, valuation, profitability and risk.

Top 10 Financial Stocks For 2019: Weingarten Realty Investors(WRI)

Advisors' Opinion:

• [By Ethan Ryder]

  Weingarten Realty Investors (NYSE:WRI) has been given an average recommendation of “Hold” by the fourteen ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $32.14.

• [By Stephan Byrd]

  Get a free copy of the Zacks research report on Weingarten Realty (WRI)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Stephan Byrd]

  State of Alaska Department of Revenue trimmed its position in Weingarten Realty Investors (NYSE:WRI) by 7.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 70,653 shares of the real estate investment trust’s stock after selling 6,007 shares during the period. State of Alaska Department of Revenue’s holdings in Weingarten Realty Investors were worth $2,175,000 at the end of the most recent quarter.

• [By Shane Hupp]

  Weingarten Realty Investors (NYSE:WRI) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Thursday.

Top 10 Financial Stocks For 2019: Tanger Factory Outlet Centers Inc.(SKT)

Advisors' Opinion:

• [By Rick Munarriz]

  These aren't exactly the golden days of brick-and-mortar retailing, but this doesn't mean that investors can't cash in on the trend while still betting on the side of the landlords. Deal-seeking shoppers and retailers looking to clear out excess merchandise are flocking to factory outlets, and that's where Tanger Factory Outlet Centers (NYSE:SKT) is making its mark.

• [By Stephan Byrd]

  Get a free copy of the Zacks research report on Tanger Factory Outlet Centers (SKT)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Paul Ausick]

  Tanger Factory Outlet Centers Inc. (NYSE: SKT) traded down nearly 10% Wednesday and posted a new 52-week low of $21.14 after closing Tuesday at $23.47. The stock’s 52-week high is $34.76. Volume was around 6.9 million, nearly five times the daily average. The companr reported results after markets closed Tuesday.

• [By Ethan Ryder]

  American International Group Inc. lowered its stake in Tanger Factory Outlet Centers Inc. (NYSE:SKT) by 3.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 189,090 shares of the real estate investment trust’s stock after selling 6,489 shares during the period. American International Group Inc. owned approximately 0.20% of Tanger Factory Outlet Centers worth $4,160,000 as of its most recent SEC filing.

• [By Steve Symington]

  Tanger Factory Outlet Centers Inc. (NYSE:SKT) announced solid second-quarter 2018 results on Tuesday after the market closed, detailing flat top-line growth but also continued high occupancy rates, an increased dividend, and a reiteration of full-year guidance.

• [By Brian Feroldi, Leo Sun, and Demitrios Kalogeropoulos]

  Want proof? We asked these Motley Fool investors to highlight a dividend stock that pays a higher yield than Verizon. Here's why they picked Tanger Factory Outlets (NYSE:SKT), Cedar Fair (NYSE:FUN), and STORE Capital (NYSE:STOR). 

Top 10 Financial Stocks For 2019: Northfield Bancorp Inc.(NFBK)

Advisors' Opinion:

• [By Joseph Griffin]

  BidaskClub upgraded shares of Northfield Bancorp (NASDAQ:NFBK) from a hold rating to a buy rating in a research note released on Saturday morning.

  Other equities analysts also recently issued reports about the stock. TheStreet raised shares of Northfield Bancorp from a c+ rating to a b rating in a research note on Thursday, April 26th. ValuEngine downgraded shares of Northfield Bancorp from a hold rating to a sell rating in a research note on Tuesday, June 12th. Zacks Investment Research downgraded shares of Northfield Bancorp from a buy rating to a hold rating in a research note on Thursday, May 17th. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and set a $18.50 target price on shares of Northfield Bancorp in a research note on Tuesday, February 27th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Northfield Bancorp presently has an average rating of Hold and an average price target of $17.60.

• [By Stephan Byrd]

  Media coverage about Northfield Bancorp (NASDAQ:NFBK) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Northfield Bancorp earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 46.1080127060523 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

• [By Logan Wallace]

  Northfield Bancorp Inc. (NASDAQ:NFBK) EVP Kenneth J. Doherty sold 2,449 shares of the firm’s stock in a transaction on Thursday, May 10th. The stock was sold at an average price of $16.19, for a total value of $39,649.31. Following the completion of the transaction, the executive vice president now owns 198,742 shares in the company, valued at $3,217,632.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

• [By Logan Wallace]

  Shares of Northfield Bancorp Inc (NASDAQ:NFBK) have earned a consensus rating of “Hold” from the seven research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $17.25.

Top 10 Financial Stocks For 2019: First Community Corporation(FCCO)

Advisors' Opinion:

• [By Logan Wallace]

  Get a free copy of the Zacks research report on First Community (FCCO)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Logan Wallace]

  Get a free copy of the Zacks research report on First Community (FCCO)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Stephan Byrd]

  Get a free copy of the Zacks research report on First Community (FCCO)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Joseph Griffin]

  First Community Co. (NASDAQ:FCCO) – Analysts at FIG Partners upped their Q3 2018 earnings estimates for shares of First Community in a research note issued on Thursday, July 19th. FIG Partners analyst B. Martin now forecasts that the bank will post earnings of $0.40 per share for the quarter, up from their previous forecast of $0.39. FIG Partners also issued estimates for First Community’s Q4 2018 earnings at $0.38 EPS, FY2018 earnings at $1.52 EPS, Q2 2019 earnings at $0.42 EPS, Q3 2019 earnings at $0.43 EPS, Q4 2019 earnings at $0.39 EPS and FY2019 earnings at $1.60 EPS.

Top 10 Financial Stocks For 2019: Invesco Plc(IVZ)

Advisors' Opinion:

• [By Paul Ausick]

  Invesco Ltd. (NYSE: IVZ) traded down about 4.1% Monday and posted a new 52-week low of $26.37 after closing Friday at $27.51. The stock’s 52-week high is $38.43. Volume totaled about 7.1 million, more than double the daily average of around  3.3 million. The investment management firm launched a European ETF that gives investors exposure to Saudi Arabia.

• [By Logan Wallace]

  Invesco Ltd. (NYSE:IVZ) major shareholder Ltd. Invesco bought 425,531 shares of the company’s stock in a transaction dated Friday, February 8th. The stock was purchased at an average cost of $2.64 per share, for a total transaction of $1,123,401.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

• [By Paul Ausick]

  Invesco Ltd. (NYSE: IVZ) traded down 2% Friday to post a new 52-week low of $25.52 after closing Thursday at $26.04. The stock’s 52-week high is $38.43. Volume was about 10% below the daily average of about 3.5 million shares. Commerce Secretary Wilber Ross has said he will sell his stake in the company, the parent of W.L. Ross & Co.

• [By Joseph Griffin]

  Get a free copy of the Zacks research report on Invesco (IVZ)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Max Byerly]

  Media headlines about Invesco (NYSE:IVZ) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Invesco earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned media coverage about the asset manager an impact score of 46.8976280324848 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

• [By Shane Hupp]

  Letko Brosseau & Associates Inc. acquired a new stake in Invesco Ltd. (NYSE:IVZ) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 953,900 shares of the asset manager’s stock, valued at approximately $25,336,000.

Top 10 Financial Stocks For 2019: 1st Source Corporation(SRCE)

Advisors' Opinion:

• [By Max Byerly]

  1st Source Co. (NASDAQ:SRCE) has been assigned a consensus rating of “Hold” from the six analysts that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $55.00.

• [By Ethan Ryder]

  Get a free copy of the Zacks research report on 1st Source (SRCE)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Ethan Ryder]

  1st Source (NASDAQ:SRCE) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Thursday.

• [By Max Byerly]

  1st Source (NASDAQ:SRCE)’s share price hit a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $56.13 and last traded at $55.94, with a volume of 100 shares changing hands. The stock had previously closed at $55.94.

• [By Stephan Byrd]

  1st Source (NASDAQ:SRCE) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Thursday.

Top 10 Financial Stocks For 2019: Potlatch Corporation(PCH)

Advisors' Opinion:

• [By Joseph Griffin]

  POPCHAIN (CURRENCY:PCH) traded 3.5% lower against the dollar during the one day period ending at 15:00 PM ET on September 24th. Over the last week, POPCHAIN has traded 8.5% lower against the dollar. POPCHAIN has a market capitalization of $4.63 million and $712,856.00 worth of POPCHAIN was traded on exchanges in the last day. One POPCHAIN token can currently be bought for $0.0138 or 0.00000208 BTC on major exchanges including LBank, CoinBene, Bit-Z and Bilaxy.

• [By Joseph Griffin]

  Sei Investments Co. grew its position in Potlatchdeltic Corp (NASDAQ:PCH) by 39.9% during the 1st quarter, HoldingsChannel reports. The firm owned 68,663 shares of the real estate investment trust’s stock after acquiring an additional 19,589 shares during the quarter. Sei Investments Co.’s holdings in Potlatchdeltic were worth $3,574,000 at the end of the most recent quarter.

• [By Stephan Byrd]

  Get a free copy of the Zacks research report on Potlatchdeltic (PCH)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Stephan Byrd]

  Get a free copy of the Zacks research report on PotlatchDeltic (PCH)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

Top 10 Financial Stocks For 2019: Home Federal Bancorp Inc.(HOME)

Advisors' Opinion:

• [By Shane Hupp]

  Get a free copy of the Zacks research report on At Home Group (HOME)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Logan Wallace]

  At Home Group (NYSE:HOME) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.32-0.33 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.28. The company issued revenue guidance of $284-287 million, compared to the consensus revenue estimate of $283.98 million.At Home Group also updated its FY19 guidance to $1.25-1.30 EPS.

• [By Logan Wallace]

  Get a free copy of the Zacks research report on At Home Group (HOME)

  For more information about research offerings from Zacks Investment Research, visit Zacks.com

• [By Shane Hupp]

  Jefferies Financial Group Inc began coverage on shares of At Home Group (NYSE:HOME). They issued a buy rating and a $45.00 target price on the stock.

• [By Motley Fool Transcribing]

  At Home Group Inc. (NYSE:HOME) Q2 2019 Earnings Conference CallAug. 29, 2018 4:30 p.m. ET

  Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:

  Operator 

• [By Jordan Wathen]

  Shares of At Home Group Inc (NYSE:HOME) are plunging, down by nearly 12% as of 3:20 p.m. EDT Wednesday as investors try to handicap the winners and losers in a developing U.S.-China trade war.