ArrowMark Financial (BANX) Stock Forecast, Price & News

ArrowMark Financial's stock was trading at $17.04 at the beginning of the year. Since then, BANX stock has decreased by 4.5% and is now trading at $16.28.
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ArrowMark Financial saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 11,800 shares, an increase of 81.5% from the April 30th total of 6,500 shares. Based on an average trading volume of 21,000 shares, the days-to-cover ratio is presently 0.6 days.
View ArrowMark Financial's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 1st 2023.
View our BANX earnings forecast.

ArrowMark Financial Corp. (NASDAQ:BANX) released its quarterly 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.

ArrowMark Financial announced a quarterly dividend on Wednesday, March 8th. Stockholders of record on Friday, March 24th will be given a dividend of $0.39 per share on Friday, March 31st. This represents a $1.56 dividend on an annualized basis and a yield of 9.58%. The ex-dividend date is Thursday, March 23rd.
Read our dividend analysis for BANX.

ArrowMark Financial (NASDAQ:BANX) pays an annual dividend of $1.56 per share and currently has a dividend yield of 9.59%. BANX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 294.35%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for BANX.

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).

ArrowMark Financial trades on the NASDAQ under the ticker symbol "BANX."

ArrowMark Financial's stock is owned by a variety of retail and institutional investors. Top institutional investors include Stifel Financial Corp (2.59%), Raymond James Financial Services Advisors Inc. (2.27%), Oxbow Advisors LLC (1.72%), Heron Bay Capital Management (0.64%), Raymond James & Associates (0.30%) and Capital Investment Advisors LLC (0.27%). 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.
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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.
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One share of BANX stock can currently be purchased for approximately $16.28.

ArrowMark Financial (NASDAQ:BANX) has a market capitalization of $115.75 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.

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.