"We have to be very careful not to jump to conclusions" about recent weak job gains, she told the House Financial Services Committee as she delivered her first semi-annual testimony before Congress. She cited extreme winter weather that hobbled the economy and job market.
By the time the Fed next meets March 18-19, she said, Fed policymakers will be able to assess job growth in February, and will also look at a range of data, including consumer spending.
Monthly job gains, which averaged more than 200,000 from August through November, slowed to 75,000 in December and 113,000 in January.
The Fed is buying $65 billion a month in Treasury bonds and mortgage-backed securities after reducing purchases by $10 billion in each of the past two months. Citing an acceleration in the economy and job gains, Yellen reiterated Fed plans to continue to trim the purchases in "measured steps" this year.
10 Best Heal Care Stocks To Buy For 2015: IBERIABANK Corporation (IBKC)
IBERIABANK Corporation operates as the holding company for IBERIABANK that provides commercial and retail banking products and services in the United States. It offers a range of commercial, consumer, mortgage, and private banking products and services; cash management services; deposit and annuity products; and investment brokerage services. The company, through its subsidiaries, also engages in financial services-related activities, including brokerage services and sales of variable annuities, life, health, dental, and accident insurance products. In addition, it offers various title insurance and loan closing services for residential and commercial customers; family residential mortgage loans; equity research, institutional sales and trading, and corporate finance services; and wealth management and trust services to high net worth individuals, pension funds, corporations, and trusts, as well as invests in an aircraft and purchased tax credits. As of February 25, 2013, the company had 278 combined offices, including 184 bank branch offices in Louisiana, Arkansas, Florida, Alabama, Tennessee, and Texas; 21 title insurance offices in Arkansas and Louisiana; and mortgage representatives in 62 locations in 12 states. IBERIABANK Corporation was founded in 1887 and is headquartered in Lafayette, Louisiana.
Advisors' Opinion:- [By Dividends4Life]
Fair Value: In calculating fair value, I consider the NPV MMA Differential Fair Value along with these four calculations of fair value, see page 2 of the linked PDF for a detailed description:
1. Avg. High Yield Price
2. 20-Year DCF Price
3. Avg. P/E Price
4. Graham Number
CTBI is trading at a premium to all four valuations above. The stock is trading at a 53.5% premium to its calculated fair value of $29.43. CTBI did not earn any Stars in this section.
Dividend Analytical Data: In this section there are three possible Stars and three key metrics, see page 2 of the linked PDF for a detailed description:
1. Free Cash Flow Payout
2. Debt To Total Capital
3. Key Metrics
4. Dividend Growth Rate
5. Years of Div. Growth
6. Rolling 4-yr Div. > 15%
CTBI earned one Star in this section for 1.) above. A Star was earned since the Free Cash Flow payout ratio was less than 60% and there were no negative Free Cash Flows over the last 10 years. The company has paid a cash dividend to shareholders every year since 1988 and has increased its dividend payments for 33 consecutive years.
Dividend Income vs. MMA: Why would you assume the equity risk and invest in a dividend stock if you could earn a better return in a much less risky money market account (MMA) or Treasury bond? This section compares the earning ability of this stock with a high yield MMA. Two items are considered in this section, see page 2 of the linked PDF for a detailed description:
1. NPV MMA Diff.
2. Years to > MMA
The negative NPV MMA Diff. means that on a NPV basis the dividend earnings from an investment in CTBI would be less than a similar amount invested in MMA earning a 20-year average rate of 3.41%. If CTBI grows its dividend at 1.5% per year, it will never equal a MMA yielding an estimated 20-year average rate of 3.41%.
Memberships and Peers: CTBI is, a member of the Broad Dividend Achieve
Top 10 Financial Companies To Watch For 2014: Rossi Residencial SA (RSID3)
Rossi Residencial SA is a Brazil-based company involved in the real estate sector. The Company is principally engaged in the development, construction and sale of residential and commercial real estate properties. In addition, it is involved in the subdivision of land and provision of civil engineering services. As of December 31, 2011, the Company had four subsidiaries, including Astir Assessoria Tecnica Imobiliaria e Participacoes Ltda, RCI Consultoria de Imoveis Ltda, Rossi Consultoria de Imoveis Ltda and Rossi Industria de Artefatos de Concreto Ltda, as well as a number of joint ventures, such as Argentea Empreendimentos SA, Damacena Empreendimentos SA, Minulo Empreendimentos SA and Nicandra Empreendimentos SA, among others. Advisors' Opinion:- [By Ney Hayashi]
Rossi Residencial SA (RSID3) climbed 2.1 percent today to 2.98 reais, leading homebuilders higher, as traders pared bets for higher borrowing costs in Brazil following the inflation report. The BM&FBovespa Real Estate Index added 0.5 percent.
- [By Ney Hayashi]
MMX Mineracao & Metalicos SA rose to a one-week high after saying it is seeking partners to expand a mining project. Rossi Residencial SA (RSID3) led gains among homebuilders as traders reduced bets on higher borrowing costs. EDP-Energias do Brasil SA advanced after selling a stake in some of its power plants in Brazil to China Three Gorges Corp. Car-rental company Localiza Rent a Car SA climbed after Fitch Ratings increased its credit rating.
Top 10 Financial Companies To Watch For 2014: ING Groep NV (ISP)
ING Groep N.V. (ING) is a global financial institution offering banking, investments, life insurance and retirement services to meet the needs of the customers. The Company�� segments include banking and insurance. Banking segment includes retail Netherlands, retail Belgium, ING direct, retail central Europe (CE), retail Asia, commercial banking (excluding real estate), ING real estate and corporate line banking. Insurance segment includes insurance Benelux, insurance central and rest of Europe (CRE), insurance United States (US), Insurance US closed block VA, insurance Asia/Pacific, ING investment management (IM) and corporate line insurance. In November 2013, the Company completed the sale of ING Hipotecaria to Banco Santander (Mexico), S.A. In December 2013, the Company completed the sale of its 33.3% interest in China Merchants Fund to its joint venture partners China Merchants Bank Co Ltd and China Merchants Securities Co Ltd, and divested ING Life Korea to MBK Partners. Advisors' Opinion:- [By Tom Stoukas]
UniCredit SpA and Intesa Sanpaolo SpA (ISP), Italy�� biggest banks, dropped more than 1 percent as the nation�� benchmark FTSE MIB Index slid 1.2 percent. Rio Tinto Group led mining companies lower after a measure of Chinese manufacturing missed a preliminary estimate. Aryzta AG rallied the most in six months as the Swiss supplier of bakery products reported results that topped projections.
Top 10 Financial Companies To Watch For 2014: Main Street Capital Corp (MAIN)
Main Street Capital Corporation (MSCC) is a principal investment firm primarily focused on providing customized debt and equity financing to lower middle market (LMM) companies, which it generally define as companies with annual revenues between $10 million and $100 million that operate in diverse industries. Main Street's LMM portfolio investments principally consist of secured debt, equity warrants and direct equity investments in privately held LMM companies. Main Street's privately placed portfolio investments consist of primarily debt investments in middle market businesses that are generally larger in size than the portfolio companies within the LMM portfolio. Its LMM portfolio investments range in size from $5 million to $25 million. As of December 31, 2011, it had debt and equity investments in 54 LMM portfolio companies. On February 29, 2012, MSCC completed the exit of its debt investment and a portion of its equity investments in Drilling Info, Inc., (Drilling Info). Effective September 5, 2013, Main Street Capital Corp acquired TBT Holding Co Inc, a manufacturer of dump trailers, from Harbert Management Corp's Harbert Private Equity Fund II LLC subsidiary.
On January 5, 2012, Main Street fully exited its debt and equity investments in Currie Acquisitions, LLC (Currie). On February 17, 2012, MSCC acquired a total of approximately 8.5% of the total dollar value of the MSC II limited partnership interests not owned by MSCC. The Company has approximately 75% of its total LMM portfolio investments at cost were in the form of debt investments as of December 31, 2011. At December 31, 2011, it had equity ownership in approximately 94% of its LMM portfolio companies and the average fully diluted equity ownership in those portfolio companies was approximately 34%. Its portfolio investments are generally made through MSCC and the Funds.
Debt Investments
The Company�� LMM debt investments have terms of three to seven years, with limited required amortization p! rior to maturity, and provide for monthly or quarterly payment of interest at fixed interest rates generally between 12% and 14% per annum, payable in cash. The Company also provides floating interest rates for a portion of a single tranche debt security. In addition, certain LMM debt investments may have a form of interest that is not paid but is accrued and added to the loan balance and paid at maturity. As of December 31, 2011, 93% of its LMM debt investments at cost were secured by first priority liens on the assets of LMM portfolio companies. In addition to seeking a senior lien position in the capital structure of its LMM portfolio companies, it seeks to limit the downside of its LMM investments by negotiating covenants that are designed to protect its LMM investments while affording its portfolio companies as much flexibility in managing their businesses as is reasonable.
Warrants
In connection with its LMM debt investments, the Company has received equity warrants to establish or increase its equity interest in the LMM portfolio company. Warrants it receives in connection with a LMM debt investment typically require only a nominal cost to exercise, and thus, as a LMM portfolio company appreciates in value, it may achieve additional investment return from this equity interest. The Company structures the warrants to provide provisions protecting the rights as a minority-interest holder, as well as secured or unsecured put rights, or rights to sell such securities back to the LMM portfolio company, upon the occurrence of specified events.
Direct Equity Investments
The Company usually makes its direct equity investments in connection with debt investments. In addition, the Company may have both equity warrants and direct equity positions in some of its LMM portfolio companies. The Company makes its direct equity investments in connection with debt investments. In addition, it may have both equity warrants and direct equity positions in some of its! LMM port! folio companies. It seeks to maintain fully diluted equity positions in its LMM portfolio companies of 5% to 50%, and may have controlling equity interests in some instances.
Advisors' Opinion:- [By Rich Duprey]
Private equity firm�Main Street Capital (NYSE: MAIN ) announced today its fourth-quarter monthly dividend schedule of $0.16 per share, a 3% increase in the monthly payout to investors from the $0.155 per share paid last quarter.
- [By Rich Duprey]
Private equity firm Main Street Capital� (NYSE: MAIN ) announced today third-quarter monthly dividends of $0.155 per share, the same rate it paid in the second quarter after it raised the payout a half penny from $0.15 per share.
- [By GURUFOCUS]
Main Street Capital Corporation (MAIN) is a business development company specializing in long- term equity, equity related, and debt investments in small and lower middle market companies. Yield: 6.3%
- [By Rich Duprey]
In addition to the third quarter's regular monthly dividends of $0.155 per share that Main Street Capital (NYSE: MAIN ) announced last week, the private equity firm announced today it would be making its semi-annual special dividend payment of $0.20 per share in July.
Top 10 Financial Companies To Watch For 2014: Mercury General Corporation (MCY)
Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance products. The company also writes homeowners, commercial automobile and property, mechanical breakdown, fire, and umbrella insurance products. Its insurance products cover collision, property damage liability, bodily injury liability, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards for automobile policy holders. The company sells its policies through a network of independent agents in California, Florida, Georgia, Illinois, Texas, Oklahoma, New York, New Jersey, Virginia, Pennsylvania, Arizona, Nevada, and Michigan. Mercury General Corporation was founded in 1960 and is headquartered in Los Angeles, California.
Advisors' Opinion:- [By Fredrik Arnold]
Ten Champion dogs that promised the biggest dividend yields into July included firms representing five of nine market sectors. The top stocks were three of five from the financial sector: Universal Health Realty Trust (UHT); Mercury General Corp. (MCY); Old Republic Int'l (ORI). The other two financial firms, HCP Inc., and United Bankshares Inc. (UBSI), placed sixth and eighth.
Top 10 Financial Companies To Watch For 2014: Nuveen Virginia Premium Income Municipal Fund (NPV)
Nuveen Virginia Premium Income Municipal Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors, Inc. and Nuveen Asset Management, LLC. It invests in the fixed income markets of Virginia. The fund invests primarily in municipal securities rated Baa/BBB or better. It invests in securities that provide income exempt from federal and Virginia income tax. The fund employs fundamental analysis with bottom-up stock picking approach to create its portfolio. It benchmarks the performance of its portfolio against the S&P National Municipal Bond Index and the S&P Virginia Municipal Bond Index. Nuveen Virginia Premium Income Municipal Fund was formed on January 12, 1993 and is domiciled in the United States.
Advisors' Opinion:- [By Chuck Carnevale]
Moreover, at this point I would like to add that the real meaning of forecasting future earnings is so we can determine what the size and amount of the future cash flows that a stock under consideration might be capable of generating for us. This is important, because assessing the net present value of our expected future income stream, is at the heart of determining fair value (intrinsic value). Calculating net present value (NPV) is functionally-related to today's wide utilization of discounted cash flow (DCF) analysis as a stock selection tool. I will elaborate more on this important metric in part B of this article.
Top 10 Financial Companies To Watch For 2014: Ishares S&P Midcap 400 Index Fund (IJH)
iShares S&P MidCap 400 Index Fund (the Fund) seeks investment results that correspond generally to the price and yield performance of the Standard & Poor�� MidCap 400 Index (the Index). The Index measures the performance of the mid-capitalization sector of the United States equity market. The Index serves as the underlying index for the S&P 400/Citigroup Growth and Value Index series. The components stocks are weighted according to the total float-adjusted market value of their outstanding shares. The component stocks have a market capitalization between $1 billion and $4 billion (which may fluctuate depending on the overall level of the equity markets), and are selected for liquidity and industry group representation.
The Index is adjusted to reflect changes in capitalization resulting from mergers, acquisitions, stock rights, substitutions and other capital events. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. The Fund�� investment advisor is Barclays Global Fund Advisors.
Advisors' Opinion:- [By John Udovich]
Moreover,�my guess is that the switch will be a wash for investors as funds and ETFs that track the S&P 500 will dump their positions in Advanced Micro Devices and SAIC Inc while those that track the S&P Mid Cap 400 will be obligated to take up positions in both. A quick look at the performance of the iShares S&P 500 Index ETF (NYSEARCA: IVV) verses the iShares Core S&P Mid Cap ETF (NYSEARCA: IJH) reveals the following:
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