Archive for September 30, 2015

Zacks Short Term Rating on Great Western Bancorp, Inc.

On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Kindopp Bryan Leighton, officer (Regional President EVP) of Great Western Bancorp, Inc., executed a transaction worth $4,808 on August 26, 2015. A total of 200 shares were purchased at an average price of $24.04. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered. Institutional Investors own 75.8% of Company shares. During last 3 month period, 112.39% of total institutional ownership has changed in the company shares.

Many analysts have commented on the company rating. JP Morgan initiates coverage on Great Western Bancorp, Inc. (NYSE:GWB). The rating major has initiated the coverage with an overweight rating on the shares. The Analysts at JP Morgan announces a current price target of $30 per share. The rating by the firm was issued on July 9, 2015.

Great Western Bancorp, Inc. is a full-service regional bank holding company focused on relationship-based business and agribusiness banking. The Bank serves its customers through 162 branches in attractive markets in seven states: South Dakota, Iowa, Nebraska, Colorado, Arizona, Kansas and Missouri. It focuses on business and agribusiness banking, complemented by retail banking and wealth management services. Its loan portfolio consists primarily of business loans, comprised of commercial and industrial, which it refer to as commercial non-real estate, and commercial real estate (CRE), loans, and agribusiness loans. As of June 30, 2014, its business and agribusiness loans collectively accounted for 85% of its total loan portfolio. It also provides a range of deposit and loan products to its retail customers through several channels, including its branch network, online banking system, mobile banking applications and customer care centers.

MB Financial Receives Average Recommendation of "Hold" from Brokerages (NASDAQ …

MB Financial (NASDAQ:MBFI) last released its quarterly earnings results on Thursday, July 16th. The company reported $0.52 earnings per share (EPS) for the quarter, meeting analysts consensus estimates of $0.52. Analysts forecast that MB Financial will post $2.04 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.17 dividend. The ex-dividend date is Friday, September 11th. This represents a $0.68 dividend on an annualized basis and a yield of 2.13%.

MB Financial, Inc. (NASDAQ:MBFI) is a financial holding company. Through its bank subsidiary, MB Financial Bank, NA (MB Financial Bank), the Company offers financial services to small and middle market businesses and individuals in the markets that it serves. Its primary business segments include banking, leasing and mortgage banking. It makes commercial loans to middle market businesses located in the Chicago area. Loan products offered by it are primarily working capital, term loans and lines of credit that help its customers finance accounts receivable, inventory and equipment. It also offers financial, performance and commercial letters of credit. It originates commercial real estate loans that are secured by multi-unit residential property and owner and non-owner occupied commercial and industrial property. Its consumer loan portfolio is focused on indirect vehicle loans through a network of motorcycle, power sports, recreational vehicles, and marine dealers.

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Target Group and Freedom Finance join forces to support the launch of …

Target Group, the financial services outsourcer, has today announced it has joined with Freedom Finance to support the launch of BumbleBee Loans Limited, a new unsecured lender. BumbleBee will offer unsecured loans to consumers initially through Freedoms loan portal. Target and Freedom Finance have together designed and built all of the processes and infrastructure to provide BumbleBee with a rapid go to market solution. Freedom Finance, as well as sourcing applicants through its loan portal, will also package the applications for the lender and Target will be responsible for post completion primary and special servicing.

Ian Larkin, Co-Group CEO, Target Group says:

BumbleBee is a hugely exciting project and we are very proud to have played a major role in its creation. We have been able to seamlessly weave together a distributor in the shape of Freedom Finance and an innovative lender BumbleBee, to create a fully functioning, compliant and competitive unsecured lender for consumers.

Nicola Georgiou, Managing Director at Freedom Finance says:

We are delighted to be involved in the launch of BumbleBee. This new lender will allow Freedom Finance to offer even more choice to borrowers when searching for the right loan for their personal circumstances. Borrowers will be able to source BumbleBee loans through the Freedom Finance website or our dedicated call centre.

Howard Garland, CEO, BumbleBee Loans Ltd says:

Drawing on the experience of both Target and Freedom Finance, we have been able to launch BumbleBee quickly and smoothly. Using their expertise, we will be able to offer our customers a competitive and skilled service right from the start, allowing us to compete with other players in the market. I look forward to working with both groups in the future as we grow and further strengthen our offering.

Zacks Short Term Rating on EZCORP, Inc.

Currently the company Insiders own 7.84% of EZCORP, Inc. Company shares. In the past six months, there is a change of 0% in the total insider ownership. Institutional Investors own 87.3% of Company shares. During last 3 month period, -5.96% of total institutional ownership has changed in the company shares.

The company shares have dropped 40.78% in the past 52 Weeks. On January 26, 2015 The shares registered one year high of $12.35 and one year low was seen on July 27, 2015 at $5.29. The 50-day moving average is $6.13 and the 200 day moving average is recorded at $7.9. SP 500 has rallied 1.82% during the last 52-weeks.

EZCORP, Inc. is engaged in delivering instant cash solutions to customers across channels, products, services and markets. The Company offers customers multiple ways to access instant cash through approximately 1,400 locations and branches across the United States, Mexico, Canada and the United Kingdom. Products are offered through four primary channels: in-store, online, worksite and through a mobile platform. It provides a variety of instant cash solutions, including collateralized, non-recourse loans, known as pawn loans, and a variety of short-term consumer loans, including single-payment and multiple-payment unsecured loans and single-payment and multiple payment auto title loans. In some United States locations (primarily in Texas), the Company does not offer loan products themselves, but rather offer credit services to help customers obtain loans from independent third-party lenders.

Commentary: Payday loan regs designed to wipe out industry

Federal regulators are about to impose crushing new rules on the much-maligned payday loan industry. These rules would have devastating consequences here in Nevada. Despite the prevailing caricature, payday loans benefit thousands of locals. Regulators must scrap this proposal.

This year, the Consumer Financial Protection Bureau — a new agency created in the wake of the financial crisis — put forward a proposal that would make it harder for people to get payday loans.

Today, about half of all payday borrowers take out just one or two loans annually and pay them back on time. The CFPB proposal would cap the number of loans a borrower could take at two. No matter what, borrowers would be prohibited from taking additional loans.

The CFPB proposal would also require lenders to verify a potential customer’s income and credit history. That’s a costly and time-consuming process that many can’t afford. And this proposal caps loan interest rates, which lenders use to offset default risk. The CFPB estimates the proposal will eliminate up to 80 percent of the payday loan market.

The industry is an easy target. Critics have successfully portrayed its work as predatory. They say lenders exploit people in desperate financial straits and charge obscenely high interest rates.

But that’s not true. Just one half of 1 percent of all complaints filed to the Consumer Financial Protection Bureau concern payday loans. And payday lenders consistently score high in customer satisfaction. One survey from George Washington University found that under 6 percent of payday borrowers were “very dissatisfied” with the service. Over half were “very satisfied.”

Traditional banks don’t fare as well. According to a recent Gallup study, nearly two-thirds of their customers aren’t satisfied.

The truth is, payday loans provide a valuable service.

People with bad credit and inconsistent incomes usually can’t get loans from traditional banks. But they still have bills to pay. A payday loan can help, giving people the quick cash they need to, say, pay this month’s electric bill.

Many people find themselves in tough situations like these. The Federal Reserve recently reported that two in three Americans making under $40,000 a year couldn’t pay $400 in a squeeze. Payday lwoans pick up the slack.

Pulaski Financial Declares Quarterly Cash Dividend

ST. LOUIS–(BUSINESS WIRE)–Pulaski Financial Corp. (Nasdaq Global Select: PULB), parent
company of Pulaski Bank, announced that its Board of Directors declared
its regular quarterly cash dividend of 9.5 cents per share, which equals
an annualized dividend rate of 38 cents per share. The quarterly
dividend is payable October 15, 2015 to shareholders of record as of the
close of business on October 8, 2015.

Pulaski Financial Corp., operating in its 93rd year through its
subsidiary, Pulaski Bank, offers a full line of quality retail and
commercial banking products through 13 full-service branch offices in
the St. Louis metropolitan area. The Bank also offers residential
mortgage loan products through loan production offices in the St. Louis,
Kansas City and Chicago metropolitan areas, mid-Missouri, southwestern
Missouri, eastern Kansas, Omaha, Nebraska, and Council Bluffs, Iowa. The
Company’s website can be accessed at www.pulaskibank.com.

NAB Broker to launch new loan products

NAB Broker will soon launch new products for small business borrowers as part of a broader campaign to boost commercial lending through the third-party channel.

According to NAB Broker general manager Steve Kane, brokers are increasingly looking to service business owners, both to improve the quality and breadth of advice they offer customers, and to build a stronger and more sustainable business into the future.

SPAIN: Options when you are struggling with debt

Q. I am overwhelmed. I have around $12,000 worth of debt and am struggling to repay it. Is bankruptcy my only option?

A. While it may feel overwhelming to you right now, your $12,000 debt is not insurmountable. In fact, most auto loans are greater than the debt you are currently carrying.

You have a number of options, and I encourage you to consider all of them before making any major decisions. First, you can contact each of your creditors and see if they will accept reduced payments. If you do make this kind of request, it’s essential that you don’t promise to pay more than you can comfortably afford. Some creditors have internal hardship programs and may be willing to work with you.

Second, you could consider contacting a non-profit credit counseling agency that offers a debt-management program. In a debt-management program, you get help looking at your entire financial picture and get an individualized plan for handling your debt. If it turns out that a debt-management program is right for you, you make a single payment to the credit counseling agency, which gets forwarded to each of your creditors. In some cases, your creditors will waive fees and interest, which can help to accelerate repayment. As you repay your debt, your debt decreases. As your debt decreases, your credit improves.

You could also contact a debt-settlement company to get help with your debt, an option that comes with its fair share of drawbacks. If you opt to work with a debt-settlement company, you agree to send a monthly payment. In turn, the company puts your money in an account and holds it until you have enough money to offer one of your creditors a settlement offer.

It can sound like an enticing arrangement until you understand that while you continue to make monthly payments, your creditors do not get paid. Therefore, your accounts go further delinquent. You also incur more late fees and penalties, so your balance goes up. When you finally have enough money to offer a settlement, it is normally only enough to pay a single company, and the rest of your creditors don’t get paid. Depending on the business, a creditor that doesn’t get paid may sue you. If a company does opt to accept your settlement, writing off part of your balance, you incur a tax debt in the process. The IRS considers forgiven debt as income.

Company Shares of EZCORP, Inc. (NASDAQ:EZPW) Rally 0.99%

EZCORP, Inc. (NASDAQ:EZPW): 3 analysts have set the short term price target of EZCORP, Inc. (NASDAQ:EZPW) at $8.33. The standard deviation of short term price target has been estimated at $2.31, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 11 and $7 respectively.

Currently the company Insiders own 7.84% of EZCORP, Inc. Company shares. In the past six months, there is a change of 0% in the total insider ownership. Institutional Investors own 87.3% of Company shares. During last 3 month period, -5.96% of total institutional ownership has changed in the company shares.

EZCORP, Inc. is engaged in delivering instant cash solutions to customers across channels, products, services and markets. The Company offers customers multiple ways to access instant cash through approximately 1,400 locations and branches across the United States, Mexico, Canada and the United Kingdom. Products are offered through four primary channels: in-store, online, worksite and through a mobile platform. It provides a variety of instant cash solutions, including collateralized, non-recourse loans, known as pawn loans, and a variety of short-term consumer loans, including single-payment and multiple-payment unsecured loans and single-payment and multiple payment auto title loans. In some United States locations (primarily in Texas), the Company does not offer loan products themselves, but rather offer credit services to help customers obtain loans from independent third-party lenders.

CU Bancorp Downgraded to "Sell" at Zacks (CUNB)

CU Bancorp (NASDAQ:CUNB) traded down 0.93% during midday trading on Tuesday, reaching $22.43. 25,400 shares of the company were exchanged. CU Bancorp has a 52 week low of $18.50 and a 52 week high of $23.48. The stock has a market capitalization of $369.47 million and a P/E ratio of 25.69. The firms 50 day moving average price is $21.97 and its 200-day moving average price is $21.82.

CU Bancorp is a bank holding company. The Companys principal business is to serve as the holding company for its bank subsidiary, California United Bank (NASDAQ:CUNB). The Bank is a commercial bank offering a range of banking products and services designed for small and medium-sized businesses, non-profit organizations, business owners and entrepreneurs, and the professional community, including attorneys, certified public accountants, financial advisors and healthcare providers and investors. Its deposit products include demand, money market and certificates of deposit; loan products include commercial, real estate construction, commercial real estate, Small Business Administration (SBA) and personal loans. It also provides cash management services, online banking, commercial credit cards and other primarily business-oriented products. The Company conducts its lending and deposit operations through 10 branch offices located in Los Angeles, Orange, Ventura and San Bernardino counties.

To get a free copy of the research report on CU Bancorp (CUNB), click here. For more information about research offerings from Zacks Investment Research, visit Zacks.com

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