Manhattan Bridge Capital (LOAN) to Release Quarterly Earnings on Monday

Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) is expected to be releasing its earnings data before the market opens on Monday, April 21st. Analysts expect Manhattan Bridge Capital to post earnings of $0.12 per share for the quarter.

Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) last released its quarterly earnings results on Wednesday, March 12th. The credit services provider reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). Manhattan Bridge Capital had a return on equity of 13.06% and a net margin of 56.93%. The firm had revenue of $2.36 million for the quarter.

Manhattan Bridge Capital Stock Up 1.7 %

Manhattan Bridge Capital stock traded up $0.09 during midday trading on Friday, reaching $5.39. The stock had a trading volume of 8,510 shares, compared to its average volume of 19,768. The firm has a market cap of $61.66 million, a price-to-earnings ratio of 11.00 and a beta of 0.26. Manhattan Bridge Capital has a 52-week low of $4.74 and a 52-week high of $6.05. The company has a fifty day moving average of $5.54 and a 200 day moving average of $5.52.

Manhattan Bridge Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 8th were issued a $0.115 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $0.46 annualized dividend and a dividend yield of 8.53%. Manhattan Bridge Capital's payout ratio is 95.83%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Manhattan Bridge Capital in a research report on Wednesday. They issued a "strong-buy" rating on the stock.

Manhattan Bridge Capital Company Profile

Manhattan Bridge Capital, Inc, a real estate finance company, originates, services, and manages a portfolio of first mortgage loans in the United States. The company offers short-term, secured, and non-banking loans to real estate investors to fund acquisition, renovation, rehabilitation, or development of residential or commercial properties.