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Farmers National Banc Corp. Message Board

maine1964 5 posts  |  Last Activity: May 12, 2015 6:54 PM Member since: Apr 25, 2011
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  • Reply to

    Another Solid Quarter!

    by maine1964 May 11, 2015 5:03 PM
    maine1964 maine1964 May 12, 2015 6:54 PM Flag

    For what it's worth (and I don't base my investment decisions on "expert" opinions) but found it noteworthy that a few outfits have reiterated/raised MRCC ratings/price target;

    5/12, National Securities - “buy” rating reiterated with a $17 target. Analyst comments - We still anticipate that another dividend increase will come by the end of 2015 although the company is mulling over whether to increase the regular dividend or declare a special distribution to avoid paying an excise tax. MRCC’s portfolio is now 58.8% senior secured compared to 45.7% a year earlier but is still earning higher coupons and effective yields on the overall portfolio.

    5/6, Zack's - Upgraded shares of Monroe Capital Corp from a “hold” rating to a “strong-buy” rating and set a $17.00 price target on the stock.

    5/1, MLV & Co. - Analysts reiterated a “buy” rating and set a $17.00 price target on shares of Monroe Capital Corp in a research note.

    4/8, JMP Securities - Initiated coverage on shares of Monroe Capital Corp in a research note. They set an “outperform” rating and a $16.00 price target on the stock.

    Sentiment: Strong Buy

  • No complaints here, keep up the great work! IMO - continued stable dividend and PPS.

    Sentiment: Strong Buy

  • - Net income for the three months ended March 31, 2015 rose 31.5%
    - Total assets increased to a company-record $488.01 million at March 31, 2015
    - Total deposits grew to a record $438.81 million at March 31, 2015
    - The company continued to demonstrate strong asset quality, including a 0.51% ratio of nonperforming loans to total loans and a decline in the dollar amount of total nonperforming loans even as the company's portfolio of loans grew.
    - Book value per share increased to $10.60 at March 31, 2015 compared with $9.31 at March 31, 2014
    - In the fourth quarter 2014, the company purchased a bank facility in Harrisonburg, Virginia, with plans to open a full-service branch in third quarter 2015

    Sentiment: Strong Buy

  • maine1964 by maine1964 Apr 24, 2015 4:46 PM Flag

    A few of the positives;
    - Non-performing assets to total assets decreased to 0.75% from 1.00% at December 31, 2014
    - Tangible book value per share was $8.96 at March 31, 2015, compared to $8.29 at March 31, 2014. An increase of 8.1% Y/Y.
    - During the first quarter of 2015, the Company repurchased 28,588 shares for a total of $244,000 - comes to $8.53 per share, very good value.

    Sentiment: Strong Buy

  • Reply to

    Div Increase

    by budfoxtrading Mar 6, 2015 7:58 AM
    maine1964 maine1964 Mar 6, 2015 5:08 PM Flag

    Stated back in December that I was surprised there wasn't more people latching on to this company and posting here, especially when message boards for other BDCs (not of the quality of MRCC) are quite active.

    Sentiment: Strong Buy

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