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 shares have increased by 7.1% and is now trading at $18.25.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 27th 2023.
View our BANX earnings forecast.

ArrowMark Financial Corp. (NASDAQ:BANX) posted its quarterly earnings data on Wednesday, November, 9th. The investment management company reported $0.46 earnings per share (EPS) for the quarter. The investment management company earned $5.35 million during the quarter.

ArrowMark Financial declared a None dividend on Friday, December 16th. Shareholders of record on Thursday, December 29th will be paid a dividend of $0.49 per share on Thursday, January 5th. This represents a dividend yield of 11.34%. The ex-dividend date is Wednesday, December 28th.
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 8.46%. 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 number of institutional and retail investors. Top institutional investors include Capital Investment Advisors LLC (0.24%). 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, S David Lentinello and Sanjai Bhonsle.
View institutional ownership trends.

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 $18.25.

ArrowMark Financial (NASDAQ:BANX) has a market capitalization of $129.58 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.