NASDAQ:BANX

ArrowMark Financial (BANX) Stock Forecast, Price & News

$17.57

+0.08 (+0.46%)

(As of 04:00 PM ET)

Compare

Today's Range: $17.42
▼
$17.74
50-Day Range: $16.47
▼
$18.60
52-Week Range: $13.80
▼
$19.37

Volume: 10,094 shs
Average Volume: 16,415 shs
Market Capitalization: $124.87 million

P/E Ratio: 33.15
Dividend Yield: 10.24%
Price Target: N/A

ArrowMark Financial MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.05% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.44
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.70 out of 5 stars

Finance Sector

781st out of 878 stocks

Investment Advice Industry

47th out of 50 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for ArrowMark Financial.

3.0

Short Interest

Percentage of Shares Shorted
0.05% of the outstanding shares of ArrowMark Financial have been sold short.
Short Interest Ratio / Days to Cover
ArrowMark Financial has a short interest ratio ("days to cover") of 0.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in ArrowMark Financial has recently increased by 50.00%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Leadership
ArrowMark Financial is a leading dividend payer. It pays a dividend yield of 10.36%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
ArrowMark Financial has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of ArrowMark Financial is 339.62%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BANX.

3.0

News and Social Media Coverage

News Sentiment
ArrowMark Financial has a news sentiment score of 0.44. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.71 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for ArrowMark Financial this week, compared to 0 articles on an average week.
Search Interest
6 people have searched for BANX on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
1 people have added ArrowMark Financial to their MarketBeat watchlist in the last 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, ArrowMark Financial insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.53% of the stock of ArrowMark Financial is held by insiders.
Percentage Held by Institutions
Only 26.44% of the stock of ArrowMark Financial is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of ArrowMark Financial is 33.30, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.46.
Price to Earnings Ratio vs. Sector
The P/E ratio of ArrowMark Financial is 33.30, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 59.14.

See Top Rated MarketRank™ Stocks Here

About ArrowMark Financial (NASDAQ:BANX) Stock

ArrowMark Financial Corp. is a closed-end balanced mutual fund launched and managed by ArrowMark Asset Management, LLC. It invests in public equity and fixed income markets of global region. For its equity portion, the fund invests in stocks of companies operating across financials, banks sectors. It invests in growth and value stocks of companies across diversified market capitalization. For its fixed income portion, the fund invests in debt and subordinated debt, structured notes and securities, regulatory capital securities which are rated below investment grade. ArrowMark Financial Corp. was formed on February 7, 2013 and is domiciled in the United States.

BANX Price History

30 days | 90 days | 365 days | Advanced Chart

BANX Stock News Headlines

September 18, 2023 | finance.yahoo.com

Arrowmark Financial Corp. Releases Month End Estimated Net Asset Value as of August 2023

September 15, 2023 | finance.yahoo.com

ArrowMark Financial Corp. Announces Long Term Capital Gain Distribution of $0.42 Per Share

October 2, 2023 | Behind the Markets (Ad)

66,000% upside on tiny biotech?

The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.

September 15, 2023 | finance.yahoo.com

ArrowMark Financial Corp. Announces Long Term Capital Gain Distribution of $0.42 Per Share

September 11, 2023 | seekingalpha.com

ArrowMark Financial raises quarterly dividend by 15.4% to $0.45/share

September 11, 2023 | finance.yahoo.com

ArrowMark Financial Corp. Announces an Increase in the Third Quarter 2023 Cash Distribution to $0.45 Per Share

August 16, 2023 | finance.yahoo.com

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of July 2023

July 29, 2023 | au.finance.yahoo.com

BANX - ArrowMark Financial Corp.

October 2, 2023 | Behind the Markets (Ad)

66,000% upside on tiny biotech?

July 14, 2023 | finance.yahoo.com

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of June 2023

June 20, 2023 | msn.com

ArrowMark Financial (BANX) Declares $0.39 Dividend

June 15, 2023 | finance.yahoo.com

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value As Of May 2023

June 9, 2023 | finance.yahoo.com

ArrowMark Financial Corp. Announces Q1 2023 Results and Cash Distribution of $0.39 Per Share for Q2 2023

May 15, 2023 | seekingalpha.com

ArrowMark Financial reports April NAV of $21.16

May 15, 2023 | finance.yahoo.com

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of April 2023

May 4, 2023 | msn.com

ArrowMark Financial Corp: Can You BANX On This Yield?

May 2, 2023 | bizjournals.com

Inbanx raises nearly $4M to help companies better control expenses — a proposition VCs scoffed at a year ago

April 18, 2023 | finance.yahoo.com

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of March 2023

March 15, 2023 | benzinga.com

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of February 2023

March 15, 2023 | finance.yahoo.com

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of February 2023

March 9, 2023 | msn.com

ArrowMark Financial declares $0.39 dividend

March 8, 2023 | finance.yahoo.com

ArrowMark Financial Corp. Announces Cash Distribution of $0.39 Per Share for First Quarter 2023

February 28, 2023 | benzinga.com

Reported Late Monday Feb. 27, ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value Of $20.91 As Of January 2023

February 27, 2023 | finance.yahoo.com

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of January 2023

February 6, 2023 | msn.com

ArrowMark Financial December NAV falls M/M to $20.79 per share

February 3, 2023 | finance.yahoo.com

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of December 2022

December 19, 2022 | finance.yahoo.com

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of November 2022

See More Headlines

Receive BANX Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for ArrowMark Financial and its competitors with MarketBeat's FREE daily newsletter.

BANX Company Calendar

Last Earnings: 11/10/2021
Ex-Dividend for 9/29 Dividend: 9/21/2023
Dividend Payable: 9/29/2023
Today: 10/02/2023
Next Earnings (Estimated): 10/05/2023
Ex-Dividend for 10/27 Dividend: 10/19/2023
Dividend Payable: 10/27/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Investment advice
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:BANX
CUSIP: N/A
CIK: 1578987
Web: www.stonecastle-financial.com
Phone: 212-354-6500
Fax: N/A
Employees: N/A
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 33.47
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: $17.36 million
Price / Sales: 7.27
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: N/A
Price / Book: N/A

Miscellaneous

Outstanding Shares: 7,110,000
Free Float: 7,069,000
Market Cap: $126.13 million
Optionable: Not Optionable
Beta: 0.50

Beginners Guide To Retirement Stocks

Click the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report

Key Executives

Mr. Sanjai Suryaji Bhonsle (Age 53)
CEO & Chairman

Mr. Dana Staggs (Age 50)
Pres

Mr. Patrick Joseph Farrell (Age 63)
Chief Financial Officer

Ms. Julie Muraco
Investor Relations

Ms. Rachel Nachas Schatten J.D. (Age 52)
Gen. Counsel

Mr. Richard A. Grove (Age 53)
Chief Compliance Officer

Mr. Blake Rice (Age 45)
Sec.

Ms. Kelsey Auble (Age 32)
Controller

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BANX Stock - Frequently Asked Questions

How have BANX shares performed in 2023?: ArrowMark Financial's stock was trading at $17.04 on January 1st, 2023. Since then, BANX stock has increased by 4.1% and is now trading at $17.74.
View the best growth stocks for 2023 here.
Are investors shorting ArrowMark Financial?: ArrowMark Financial saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 3,300 shares, an increase of 50.0% from the August 31st total of 2,200 shares. Based on an average daily volume of 15,200 shares, the short-interest ratio is currently 0.2 days.
View ArrowMark Financial's Short Interest.
When is ArrowMark Financial's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 5th 2023.
View our BANX earnings forecast.
How were ArrowMark Financial's earnings last quarter?: ArrowMark Financial Corp. (NASDAQ:BANX) posted its earnings results on Wednesday, November, 10th. The investment management company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by $0.02. The investment management company earned $4.44 million during the quarter.
How often does ArrowMark Financial pay dividends? What is the dividend yield for ArrowMark Financial?: ArrowMark Financial announced a quarterly dividend on Friday, September 15th. Investors of record on Friday, October 20th will be paid a dividend of $0.42 per share on Friday, October 27th. This represents a $1.68 annualized dividend and a dividend yield of 9.47%. The ex-dividend date is Thursday, October 19th.
Read our dividend analysis for BANX.
Is ArrowMark Financial a good dividend stock?: ArrowMark Financial (NASDAQ:BANX) pays an annual dividend of $1.80 per share and currently has a dividend yield of 10.29%. BANX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 339.63%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for BANX.

What other stocks do shareholders of ArrowMark Financial own?: Based on aggregate information from My MarketBeat watchlists, some companies that other ArrowMark Financial investors own include Energy Transfer (ET), CBL & Associates Properties (CBL), Cornerstone Total Return Fund (CRF), C3.ai (AI), Cornerstone Strategic Value Fund (CLM), Martin Midstream Partners (MMLP), SandRidge Permian Trust (PER), SunCoke Energy Partners (SXCP), AT&T (T) and BP Prudhoe Bay Royalty Trust (BPT).
What is ArrowMark Financial's stock symbol?: ArrowMark Financial trades on the NASDAQ under the ticker symbol "BANX."
How do I buy shares of ArrowMark Financial?: Shares of BANX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is ArrowMark Financial's stock price today?: One share of BANX stock can currently be purchased for approximately $17.74.
How much money does ArrowMark Financial make?: ArrowMark Financial (NASDAQ:BANX) has a market capitalization of $126.13 million and generates $17.36 million in revenue each year. The investment management company earns $12.63 million in net income (profit) each year or $0.53 on an earnings per share basis.
How can I contact ArrowMark Financial?: ArrowMark Financial's mailing address is 152 WEST 57TH STREET 35TH FLOOR, NEW YORK NY, 10019. The official website for the company is www.stonecastle-financial.com. The investment management company can be reached via phone at 212-354-6500 or via email at jmuraco@stonecastle.com.

This page (NASDAQ:BANX) was last updated on 10/2/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial