How have BANX shares performed in 2023?

ArrowMark Financial's stock was trading at $17.04 at the start of the year. Since then, BANX shares have increased by 0.4% and is now trading at $17.11. 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 November. As of November 15th, there was short interest totaling 10,100 shares, an increase of 77.2% from the October 31st total of 5,700 shares. Based on an average trading volume of 16,700 shares, the short-interest ratio is currently 0.6 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 Wednesday, December 6th 2023. View our BANX earnings forecast .

How were ArrowMark Financial's earnings last quarter?

ArrowMark Financial Corp. (NASDAQ:BANX) announced its quarterly earnings data on Wednesday, November, 10th. The investment management company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.02. The investment management company had revenue of $4.44 million for the quarter.

How often does ArrowMark Financial pay dividends? What is the dividend yield for ArrowMark Financial?

ArrowMark Financial declared a quarterly dividend on Friday, September 15th. Shareholders of record on Friday, October 20th will be given a dividend of $0.42 per share on Friday, October 27th. This represents a $1.68 annualized dividend and a dividend yield of 9.82%. 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 10.51%. 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) .

Who are ArrowMark Financial's major shareholders?

ArrowMark Financial's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Greenwich Investment Management Inc. (4.52%), Stifel Financial Corp (3.08%), Raymond James Financial Services Advisors Inc. (2.89%), Punch & Associates Investment Management Inc. (0.96%), Capital Investment Advisors LLC (0.44%) and Cambridge Investment Research Advisors Inc. (0.29%). Insiders that own company stock include Dana Staggs, Guy M Arnold , John Scott Emrich, Karen Reidy , Michael Stolper , Patrick Joseph Farrell , Praag Michael Van , Richard Allen Grove and Sanjai Bhonsle . View institutional ownership trends .

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 .

ArrowMark Financial Stock Price, News & Analysis (NASDAQ:BANX)

$17.16

+0.03 (+0.18%)

(As of 11:27 AM ET)

Compare

Today's Range: $17.11
▼
$17.25
50-Day Range: $16.73
▼
$18.05
52-Week Range: $13.80
▼
$19.37

Volume: 3,609 shs
Average Volume: 16,039 shs
Market Capitalization: $122.01 million

P/E Ratio: 32.38
Dividend Yield: 10.49%
Price Target: N/A

ArrowMark Financial MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.14% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.46
Based on 4 Articles This Week
Insider Trading: Acquiring Shares
$130,050 Bought Last Quarter
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.

1.89 out of 5 stars

Finance Sector

613th out of 830 stocks

Investment Advice Industry

40th out of 48 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
0.14% 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 0.6, 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 77.19%, 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 10.51%, 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 339.63%. 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.

2.5

News and Social Media Coverage

News Sentiment
ArrowMark Financial has a news sentiment score of 0.46. 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 0.65 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for ArrowMark Financial this week, compared to 0 articles on an average week.
Search Interest
2 people have searched for BANX on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, ArrowMark Financial insiders have bought more of their company's stock than they have sold. Specifically, they have bought $130,050.00 in company stock and sold $0.00 in 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 32.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 109.02.
Price to Earnings Ratio vs. Sector
The P/E ratio of ArrowMark Financial is 32.28, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 44.74.

See Top Rated MarketRank™ Stocks Here

About ArrowMark Financial Stock (NASDAQ:BANX)

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 Stock Price History

30 days | 90 days | 365 days | Advanced Chart

BANX Stock News Headlines

December 1, 2023 | americanbankingnews.com

ArrowMark Financial Corp. (NASDAQ:BANX) Short Interest Up 77.2% in November

November 29, 2023 | americanbankingnews.com

ArrowMark Financial (NASDAQ:BANX) Stock Passes Above Fifty Day Moving Average of $17.23

December 4, 2023 | Wealthpress (Ad)

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November 16, 2023 | msn.com

ArrowMark Financial says its estimated net asset value is $21.45 for October end

November 16, 2023 | finance.yahoo.com

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

October 19, 2023 | finance.yahoo.com

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

October 18, 2023 | finance.yahoo.com

ArrowMark Financial Corp's Dividend Analysis

October 13, 2023 | msn.com

BANX: Diving Further Into This Fund

December 4, 2023 | Wealthpress (Ad)

Trading Experts Call It “The Perfect Tesla Trade”

October 12, 2023 | benzinga.com

ArrowMark Financial Director Trades $130K In Company Stock

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

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.

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

See More Headlines

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Company Calendar

Last Earnings: 11/10/2021
Ex-Dividend for 9/29 Dividend: 9/21/2023
Dividend Payable: 9/29/2023
Ex-Dividend for 10/27 Dividend: 10/19/2023
Dividend Payable: 10/27/2023
Today: 12/04/2023
Next Earnings (Estimated): 12/06/2023
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: 32.32
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: 7.02
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: $121.79 million
Optionable: Not Optionable
Beta: 0.45

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Key Executives

Mr. Sanjai Suryaji Bhonsle (Age 53)
CEO & Chairman
Mr. Dana Staggs (Age 50)
President
Mr. Patrick Joseph Farrell (Age 63)
Chief Financial Officer
Ms. Julie Muraco
Investor Relations
Ms. Rachel Nachas Schatten J.D. (Age 52)
General Counsel
Mr. Richard A. Grove (Age 53)
Chief Compliance Officer
Mr. Blake Rice (Age 45)
Secretary
Ms. Kelsey Auble (Age 32)
Controller

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BANX Stock Analysis - Frequently Asked Questions

How have BANX shares performed in 2023?: ArrowMark Financial's stock was trading at $17.04 at the start of the year. Since then, BANX shares have increased by 0.4% and is now trading at $17.11.
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 November. As of November 15th, there was short interest totaling 10,100 shares, an increase of 77.2% from the October 31st total of 5,700 shares. Based on an average trading volume of 16,700 shares, the short-interest ratio is currently 0.6 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 Wednesday, December 6th 2023.
View our BANX earnings forecast.
How were ArrowMark Financial's earnings last quarter?: ArrowMark Financial Corp. (NASDAQ:BANX) announced its quarterly earnings data on Wednesday, November, 10th. The investment management company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.02. The investment management company had revenue of $4.44 million for the quarter.
How often does ArrowMark Financial pay dividends? What is the dividend yield for ArrowMark Financial?: ArrowMark Financial declared a quarterly dividend on Friday, September 15th. Shareholders of record on Friday, October 20th will be given a dividend of $0.42 per share on Friday, October 27th. This represents a $1.68 annualized dividend and a dividend yield of 9.82%. 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 10.51%. 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).
Who are ArrowMark Financial's major shareholders?: ArrowMark Financial's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Greenwich Investment Management Inc. (4.52%), Stifel Financial Corp (3.08%), Raymond James Financial Services Advisors Inc. (2.89%), Punch & Associates Investment Management Inc. (0.96%), Capital Investment Advisors LLC (0.44%) and Cambridge Investment Research Advisors Inc. (0.29%). Insiders that own company stock include Dana Staggs, Guy M Arnold, John Scott Emrich, Karen Reidy, Michael Stolper, Patrick Joseph Farrell, Praag Michael Van, Richard Allen Grove and Sanjai Bhonsle.
View institutional ownership trends.
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.

This page (NASDAQ:BANX) was last updated on 12/4/2023 by MarketBeat.com Staff

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