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Best Financial Stocks For 2019

Wall Street brokerages predict that Zagg Inc (NASDAQ:ZAGG) will announce sales of $116.44 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Zagg’s earnings. The lowest sales estimate is $109.07 million and the highest is $124.47 million. Zagg reported sales of $115.23 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.1%. The firm is expected to issue its next quarterly earnings results on Tuesday, August 7th.

On average, analysts expect that Zagg will report full year sales of $562.16 million for the current financial year, with estimates ranging from $552.11 million to $567.97 million. For the next financial year, analysts anticipate that the firm will report sales of $590.43 million per share, with estimates ranging from $569.14 million to $606.13 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Zagg.

Best Financial Stocks For 2019: 1st Source Corporation(SRCE)

Advisors’ Opinion:

  • [By Max Byerly]

    1st Source (NASDAQ:SRCE)’s share price hit a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $56.13 and last traded at $55.94, with a volume of 100 shares changing hands. The stock had previously closed at $55.94.

  • [By Max Byerly]

    1st Source Co. (NASDAQ:SRCE) has been assigned a consensus rating of “Hold” from the six analysts that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $55.00.

  • [By ]

    Currently, I like People’s Utah Bancorp (Nasdaq: PUB), 1st Source Corporation (Nasdaq: SRCE), and East West Bancorp (Nasdaq: EWBC) as stocks likely to benefit in the small/regional sector.

  • [By Ethan Ryder]

    Get a free copy of the Zacks research report on 1st Source (SRCE)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

Best Financial Stocks For 2019: First Interstate BancSystem Inc.(FIBK)

Advisors’ Opinion:

  • [By Max Byerly]

    Massachusetts Financial Services Co. MA lifted its stake in shares of First Interstate BancSystem (NASDAQ:FIBK) by 4.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 464,152 shares of the financial services provider’s stock after acquiring an additional 20,543 shares during the period. Massachusetts Financial Services Co. MA owned 0.82% of First Interstate BancSystem worth $18,357,000 as of its most recent SEC filing.

  • [By Logan Wallace]

    First Interstate BancSystem (NASDAQ:FIBK)’s share price hit a new 52-week high and low during trading on Thursday . The company traded as low as $44.95 and last traded at $44.75, with a volume of 4251 shares traded. The stock had previously closed at $44.75.

  • [By Shane Hupp]

    Shares of First Interstate BancSystem (NASDAQ:FIBK) have earned a consensus recommendation of “Buy” from the eight analysts that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $46.00.

  • [By Shane Hupp]

    Get a free copy of the Zacks research report on First Interstate BancSystem (FIBK)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Shane Hupp]

    Get a free copy of the Zacks research report on First Interstate BancSystem (FIBK)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

Best Financial Stocks For 2019: Templeton Dragon Fund Inc.(TDF)

Advisors’ Opinion:

  • [By Shane Hupp]

    Templeton Dragon Fund Inc common stock (NYSE:TDF) major shareholder City Of London Investment Grou bought 8,155 shares of the company’s stock in a transaction that occurred on Tuesday, June 12th. The shares were purchased at an average price of $22.87 per share, with a total value of $186,504.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Best Financial Stocks For 2019: Greenlight Capital Re Ltd.(GLRE)

Advisors’ Opinion:

  • [By Max Byerly]

    Shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) hit a new 52-week low on Wednesday . The company traded as low as $14.05 and last traded at $14.15, with a volume of 249308 shares changing hands. The stock had previously closed at $14.65.

  • [By Ethan Ryder]

    Greenlight Capital Re (NASDAQ:GLRE) last issued its quarterly earnings results on Monday, April 30th. The financial services provider reported ($3.85) EPS for the quarter, beating the consensus estimate of ($4.43) by $0.58. Greenlight Capital Re had a negative return on equity of 23.81% and a negative net margin of 40.65%. The firm had revenue of $0.14 million during the quarter, compared to analysts’ expectations of $30.20 million. sell-side analysts forecast that Greenlight Capital Re, Ltd. will post -4.2 earnings per share for the current fiscal year.

Top 10 Financial Stocks To Watch Right Now

U.S. Treasuries provide the closest thing on the planet to the risk-free rate of return, a crucial element in financial theory used to value a wide swath of global assets. After all, they make up the largest and most liquid bond market, the dollar is the reserve currency of the world, and top ratings from most major credit agencies signal virtually no risk of a default.

Lately, though, the trend among many Wall Street ­practitioners is to outdo one another with grandiose statements about how much risk is actually embedded within the $14.9 trillion ­Treasury market. By their logic, after years of rock-bottom interest rates as the global economy recovered from the post-­crisis recession, rates are destined to head higher—and in a hurry. The most common shorthand for this doomsday scenario: the bond bear market.

#lazy-img-328222250:before{padding-top:133.33333333333331%;}Matt Chase for Bloomberg Markets

At first glance, it’s an easy call. The bull run has lasted three decades, pushing yields on 10-year U.S. Treasury notes from as high as 15.8 percent in 1981 to 1.32 percent in 2016. Across the Atlantic, yields have turned negative in Germany, France, and Switzerland. Same in Japan. Paying governments, in effect, for the privilege of owning their debt? Surely that’s not sustainable.

Top 10 Financial Stocks To Watch Right Now: First Community Corporation(FCCO)

Advisors’ Opinion:

  • [By Logan Wallace]

    Get a free copy of the Zacks research report on First Community (FCCO)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Shane Hupp]

    First Community (NASDAQ:FCCO) issued its quarterly earnings data on Wednesday. The bank reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.04, Fidelity Earnings reports. The business had revenue of $11.17 million during the quarter, compared to the consensus estimate of $10.83 million. First Community had a net margin of 13.91% and a return on equity of 8.23%.

Top 10 Financial Stocks To Watch Right Now: Virtus Investment Partners Inc.(VRTS)

Advisors’ Opinion:

  • [By Ethan Ryder]

    BW Gestao de Investimentos Ltda. grew its holdings in Virtus Investment Partners Inc (NASDAQ:VRTS) by 12.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,490 shares of the closed-end fund’s stock after acquiring an additional 1,082 shares during the period. BW Gestao de Investimentos Ltda. owned about 0.13% of Virtus Investment Partners worth $1,175,000 as of its most recent SEC filing.

  • [By Joseph Griffin]

    BidaskClub lowered shares of Virtus Investment Partners (NASDAQ:VRTS) from a buy rating to a hold rating in a report released on Tuesday morning.

    A number of other research firms also recently commented on VRTS. Zacks Investment Research upgraded Virtus Investment Partners from a hold rating to a buy rating and set a $147.00 price objective for the company in a report on Thursday, March 15th. Sandler O’Neill restated a hold rating and set a $142.00 price objective on shares of Virtus Investment Partners in a report on Thursday, March 15th. TheStreet downgraded Virtus Investment Partners from a b rating to a c+ rating in a report on Wednesday, February 14th. Morgan Stanley lowered their price target on Virtus Investment Partners from $136.00 to $135.00 and set an equal weight rating for the company in a report on Tuesday, April 10th. Finally, Barclays lowered their price target on Virtus Investment Partners from $140.00 to $130.00 and set an equal weight rating for the company in a report on Monday, April 23rd. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Virtus Investment Partners presently has an average rating of Hold and an average price target of $138.13.

Top 10 Financial Stocks To Watch Right Now: Ishares Trust Dj Us Financial (IYF)

Advisors’ Opinion:

  • [By Todd Shriber, ETF Professor]

    The challenges facing EUFN may indicate the ETF will be challenged to deliver compelling risk-reward for investors. EUFN's three-year standard deviation is 18.23 percent, or more than 500 basis points above the same metric on the iShares U.S. Financials ETF (NYSE: IYF).

Top 10 Financial Stocks To Watch Right Now: American International Group Inc.(AIG)

Advisors’ Opinion:

  • [By Logan Wallace]

    Sentry Investment Management LLC lessened its holdings in American International Group (NYSE:AIG) by 8.6% during the first quarter, HoldingsChannel reports. The firm owned 64,968 shares of the insurance provider’s stock after selling 6,147 shares during the quarter. Sentry Investment Management LLC’s holdings in American International Group were worth $3,536,000 at the end of the most recent reporting period.

  • [By Lee Jackson]

    American International Group Inc. (NYSE: AIG) was only a DJIA member for four years when it was removed on September 22, 2008. In an ironical twist, AIG was replaced with Kraft Foods, which only lasted about four years on the index. AIG was removed during the credit and mortgage crisis and was ejected after the government propped up the insurer with stimulus funds. The shares closed most recently at $55.43.

  • [By Logan Wallace]

    Gifford Fong Associates acquired a new position in shares of American International Group (NYSE:AIG) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 44,100 shares of the insurance provider’s stock, valued at approximately $2,400,000.

  • [By Stephan Byrd]

    Suntrust Banks Inc. boosted its position in shares of American International Group Inc (NYSE:AIG) by 12.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,736 shares of the insurance provider’s stock after purchasing an additional 4,048 shares during the period. Suntrust Banks Inc.’s holdings in American International Group were worth $1,998,000 at the end of the most recent reporting period.

Top 10 Financial Stocks To Watch Right Now: Potlatch Corporation(PCH)

Advisors’ Opinion:

  • [By Joseph Griffin]

    Sei Investments Co. grew its position in Potlatchdeltic Corp (NASDAQ:PCH) by 39.9% during the 1st quarter, HoldingsChannel reports. The firm owned 68,663 shares of the real estate investment trust’s stock after acquiring an additional 19,589 shares during the quarter. Sei Investments Co.’s holdings in Potlatchdeltic were worth $3,574,000 at the end of the most recent quarter.

  • [By Stephan Byrd]

    Shares of Potlatchdeltic Corp (NASDAQ:PCH) have received an average recommendation of “Hold” from the nine ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $49.60.

  • [By Stephan Byrd]

    Teachers Insurance & Annuity Association of America bought a new position in PotlatchDeltic (NASDAQ:PCH) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 78,505 shares of the real estate investment trust’s stock, valued at approximately $4,086,000. Teachers Insurance & Annuity Association of America owned approximately 0.19% of PotlatchDeltic at the end of the most recent reporting period.

Top 10 Financial Stocks To Watch Right Now: First Capital Bancorp Inc.(VA)

Advisors’ Opinion:

  • [By Logan Wallace]

    News headlines about Virgin America (NASDAQ:VA) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Virgin America earned a news impact score of 0.22 on Accern’s scale. Accern also assigned media coverage about the transportation company an impact score of 45.3779505917989 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

  • [By Peter Graham]

    A long term performance chart shows JetBlue Airways Corporation giving a good performance thats still not as good as that of large cap Southwest Airlines Co (NYSE: LUV) while the performance ofAlaska Air Group, Inc (NYSE: ALK), which has acquired Virgin America Inc (NASDAQ: VA), seems to have slipped recently:

Top 10 Financial Stocks To Watch Right Now: First Bancorp(FBNC)

Advisors’ Opinion:

  • [By Max Byerly]

    First Bancorp (NASDAQ:FBNC) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

  • [By Stephan Byrd]

    First Bancorp (NASDAQ:FBNC) has been assigned a consensus recommendation of “Buy” from the seven brokerages that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $41.50.

Top 10 Financial Stocks To Watch Right Now: W.R. Berkley Corporation(WRB)

Advisors’ Opinion:

  • [By Stephan Byrd]

    Get a free copy of the Zacks research report on W. R. Berkley (WRB)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Ethan Ryder]

    ValuEngine cut shares of W. R. Berkley (NYSE:WRB) from a buy rating to a hold rating in a report released on Monday morning.

    WRB has been the topic of a number of other research reports. Bank of America cut shares of W. R. Berkley from a neutral rating to an underperform rating and set a $74.00 target price on the stock. in a report on Thursday, June 14th. They noted that the move was a valuation call. Zacks Investment Research cut shares of W. R. Berkley from a buy rating to a hold rating in a report on Tuesday, February 20th. Boenning Scattergood restated a hold rating on shares of W. R. Berkley in a report on Wednesday, April 25th. Finally, Goldman Sachs Group started coverage on shares of W. R. Berkley in a report on Monday. They set a sell rating and a $74.00 target price on the stock. They noted that the move was a valuation call. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. W. R. Berkley currently has a consensus rating of Hold and a consensus price target of $70.78.

  • [By Logan Wallace]

    W. R. Berkley (NYSE: WRB) and State Auto Financial (NASDAQ:STFC) are both finance companies, but which is the superior investment? We will compare the two companies based on the strength of their valuation, institutional ownership, dividends, earnings, profitability, analyst recommendations and risk.

  • [By Joseph Griffin]

    Get a free copy of the Zacks research report on W. R. Berkley (WRB)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

Top 10 Financial Stocks To Watch Right Now: Templeton Dragon Fund Inc.(TDF)

Advisors’ Opinion:

  • [By Shane Hupp]

    Templeton Dragon Fund Inc common stock (NYSE:TDF) major shareholder City Of London Investment Grou bought 8,155 shares of the company’s stock in a transaction that occurred on Tuesday, June 12th. The shares were purchased at an average price of $22.87 per share, with a total value of $186,504.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Top 10 Financial Stocks To Watch Right Now: RenaissanceRe Holdings Ltd.(RNR)

Advisors’ Opinion:

  • [By Logan Wallace]

    RenaissanceRe (NYSE: RNR) is one of 73 publicly-traded companies in the “Fire, marine, & casualty insurance” industry, but how does it compare to its rivals? We will compare RenaissanceRe to similar companies based on the strength of its dividends, earnings, analyst recommendations, institutional ownership, valuation, risk and profitability.

  • [By Shane Hupp]

    Earnest Partners LLC grew its holdings in shares of RenaissanceRe Holdings Ltd. (NYSE:RNR) by 2.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 307,192 shares of the insurance provider’s stock after purchasing an additional 6,389 shares during the period. Earnest Partners LLC’s holdings in RenaissanceRe were worth $42,549,000 as of its most recent SEC filing.