ArrowMark Financial (BANX) to Release Earnings on Thursday

ArrowMark Financial (NASDAQ:BANXGet Rating) will be announcing its earnings results after the market closes on Thursday, August 4th.

ArrowMark Financial (NASDAQ:BANXGet Rating) last issued its quarterly earnings data on Thursday, May 12th. The investment management company reported $0.42 earnings per share for the quarter. The firm had revenue of $4.68 million for the quarter.

ArrowMark Financial Stock Performance

Shares of NASDAQ:BANX opened at $18.15 on Thursday. The company has a market cap of $128.85 million, a price-to-earnings ratio of 12.52 and a beta of 0.63. ArrowMark Financial has a 12 month low of $17.32 and a 12 month high of $24.19. The company has a 50-day moving average price of $18.80 and a 200 day moving average price of $20.37.

ArrowMark Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 29th. Investors of record on Wednesday, June 22nd were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 8.60%. The ex-dividend date was Tuesday, June 21st. ArrowMark Financial’s payout ratio is 107.59%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ArrowMark Financial stock. Cambridge Investment Research Advisors Inc. acquired a new position in ArrowMark Financial Corp. (NASDAQ:BANXGet Rating) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 14,993 shares of the investment management company’s stock, valued at approximately $322,000. Cambridge Investment Research Advisors Inc. owned 0.23% of ArrowMark Financial as of its most recent filing with the Securities & Exchange Commission. 28.55% of the stock is owned by hedge funds and other institutional investors.

ArrowMark Financial Company Profile

(Get Rating)

StoneCastle Financial Corp. is a closed ended balanced mutual fund launched and managed by StoneCastle Asset Management LLC. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across the banking sector. It invests in dividend paying growth and value stocks of companies.

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Earnings History for ArrowMark Financial (NASDAQ:BANX)

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