Is Arrowmark Financial Corp (BANX) Stock About to Get Hot Friday?

The market has been high on Arrowmark Financial Corp (BANX) stock recently. BANX gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Arrowmark Financial Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on BANX!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With BANX Stock Today?

Arrowmark Financial Corp (BANX) stock is down -0.82% while the S&P 500 is higher by 0.11% as of 12:23 PM on Friday, Feb 23. BANX is down -$0.15 from the previous closing price of $18.45 on volume of 6,794 shares. Over the past year the S&P 500 has gained 27.60% while BANX is flat 0.00%. BANX earned $2.01 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 9.08.

More About Arrowmark Financial Corp

The companys primary investment objective is to provide stockholders with current income, and to a lesser extent, capital appreciation. The companys strategy is focused on income generation, capital preservation, credit quality and providing risk-adjusted rates of return. StoneCastle Financial Corp. invests in term loans, senior and subordinated debt securities, convertible securities, preferred equity and common equity. The investment strategy emphasizes risk-adjusted rates of return and value creation for shareholders. The Schedule of Investments can be found on the Companys website. Current investments are 30.2% in credit securitizations, 22.2% in term loans and other debt securities, 14.9% in preferred stock, 13.5% in pooled equity interest, 12.8% in ETFs, 2.2% in trust preferred securities, and the remaining 4.2% in other securities.2 A majority of the companys underlying investments are scored investment grade (BBB- or better) by Kroll Bond Rating Agency (KBRA). As a regulated investment company, StoneCastles leverage is limited to a maximum of 33.33%. The Company has approximately $98.6mm of total investments attributed to community banks and $11.7 million of total investments attributed to alternative capital securities in the investment portfolio. Click Here to get the full Stock Report for Arrowmark Financial Corp stock.