March 21, 2017: Here are four stocks trading with relatively heavy volume among 113 equities making new 52-week lows in Tuesday’s session. On the NYSE, decliners led advancers by nearly 4 to 1 and on the Nasdaq decliners led advancers by nearly 5 to 1.
Rite Aid Corp. (NYSE: RAD) posted a new 52-week low of $4.48 on Tuesday, down about 4.9% compared with Monday’s closing price of $4.71. Volume was about 40% above the daily average of around 25 million shares. The company had no specific news today, but the longer the proposed merger with Walgreens drags on, the less investors like the merger’s chances.
Valeant Pharmaceuticals International Inc. (NYSE: VRX) dropped about 2.7% Tuesday, to post a new 52-week low of $10.35 after closing at $10.64 on Monday. The stock’s 52-week high is $38.50. Volume was nearly equal to the daily average of around 18.6 million shares. The battered drug maker completed a $1.1 billion bond tender offer as investors couldn’t wait to cash out.
Best Clean Energy Stocks To Watch For 2021: B Communications Ltd.(BCOM)
B Communications Ltd. provides various communications services for business and private customers in Israel. The company offers fixed-line telephony, fixed-line broadband Internet infrastructure access, cellular telephony, ISP, ILD, data transfer and network, ICT, pay television, customer call center, and other communications infrastructures and services. It is also involved in the maintenance and development of communications infrastructures; provision of communications services to other communications providers; and supply and maintenance of equipment on customer premises, such as network end point services. The company was formerly known as 012 Smile.Communications Ltd. and changed its name to B Communications Ltd. in March 2010. B Communications Ltd. was founded in 1999 and is headquartered in Ramat Gan, Israel. B Communications Ltd. is a subsidiary of Internet Gold-Golden Lines Ltd.
- [By Lisa Levin]
Monday afternoon, the telecommunication services shares climbed 0.69 percent. Meanwhile, top gainers in the sector included B Communications Ltd (NASDAQ: BCOM), up 5 percent, and China Unicom (Hong Kong) Limited (NYSE: CHU), up 3 percent.
Best Clean Energy Stocks To Watch For 2021: Great Southern Bancorp, Inc.(GSBC)
Great Southern Bancorp, Inc., incorporated on March 29, 2004, is a bank holding company. The Company is the financial holding and parent company of Great Southern Bank (the Bank). The Company’s segment is banking operation. Through the Bank and subsidiaries of the Bank, the Company offers insurance, travel, investment and related services. The Bank offers banking services through its approximately 108 banking centers located in southern and central Missouri; the Kansas City, Missouri area; the St. Louis, Missouri area; eastern Kansas; northwestern Arkansas; eastern Nebraska, the Minneapolis, Minnesota area, and eastern, western and central Iowa.
The Company primarily makes long-term, fixed-rate residential real estate loans. It also originates commercial real estate and other residential loans, primarily with adjustable rates or shorter-term fixed rates, and commercial business and consumer loans, primarily in indirect automobile lending. In addition to origination of these loans, the Bank has relationships with other banks to purchase participations. The Company’s lending activities include the origination of fixed and adjustable-rate conventional residential real estate loans to enable borrowers to purchase or refinance owner-occupied homes. It originates a range of conventional, residential real estate mortgage loans, principally in compliance with Freddie Mac and Fannie Mae standards for resale in the secondary market. It originates commercial real estate, multi-family and commercial construction loans. Its commercial real estate, multi-family and commercial construction loans, excluding acquired loans, accounts for approximately 28%, 11% and 15%, respectively, of the total portfolio. Of the portfolio of acquired loans, commercial real estate loans (net of fair value discounts) accounts for approximately 2% of the total portfolio. In addition, the Company originates other commercial loans, home equity loans and consumer loans, and is also an issuer of l! etters of credit. The Bank’s net loans amounted to approximately $3.34 billion.
The Company’s investment portfolio consists of the United States Government agencies, mortgage-backed securities, states and political subdivisions, and other securities. The Company’s mortgage-backed securities portfolio consists of Government National Mortgage Association (GNMA) securities, Federal National Mortgage Association (FNMA) securities and Federal Home Loan Mortgage Corporation (FHLMC) securities. The Bank holds approximately $353,000 in principal amount of investment securities, which the Bank intends to hold until maturity. The Company holds approximately $262.9 million in principal amount of investment securities, which the Company classifies as available-for-sale.
Sources of Funds
The Company’s deposit accounts are the principal source of the Bank’s funds for use in lending and for other general business purposes. In addition to deposits, the Bank obtains funds through advances from the Federal Home Loan Bank of Des Moines (FHLBank) and other borrowings, loan repayments, loan sales and cash flows generated from operations. Scheduled loan payments are a relatively stable source of funds, while deposit inflows and outflows, and the related costs of such funds have varied. Borrowings, such as FHLBank advances may be used on a short-term basis to compensate for seasonal reductions in deposits or deposit inflows at less than projected levels and may be used on a longer-term basis to support expanded lending activities. The availability of funds from loan sales is influenced by general interest rates, as well as the volume of originations. The Bank attracts both short-term and long-term deposits from the general public by offering a range of accounts and rates, and also purchases brokered deposits from time to time. The Bank offers regular savings accounts, checking accounts, various money market accounts, fixed-interest rate certificates wit! h varying! maturities, certificates of deposit, brokered certificates and individual retirement accounts. The Company’s other sources of funds include advances from the FHLBank, a Qualified Loan Review (QLR) arrangement with the Federal Reserve Board (FRB), customer repurchase agreements and other borrowings. The Bank’s total deposits amounted to approximately $3,268 million.
The Company’s subsidiaries include Great Southern Real Estate Development Corporation (Real Estate Development), Great Southern Financial Corporation (GSFC), Great Southern Community Development Company, L.L.C. (CDC) and its subsidiary Great Southern CDE, L.L.C. (CDE), GS, L.L.C. (GSLLC), GSSC, L.L.C. (GSSCLLC), GSRE Holding, L.L.C., GSRE Holding II, L.L.C. (GSRE Holding II), GSRE Holding III, L.L.C. (GSRE Holding III), GSB One, L.L.C., GSB Two, L.L.C., VFP Conclusion Holding, L.L.C. and VFP Conclusion Holding II, L.L.C. The purpose of Real Estate Development is to hold real estate assets. The purpose of CDC is to invest in community development projects. GSLLC is a limited liability company that invests in multiple limited liability entities for the purpose of acquiring state and federal tax credits, which are utilized by the Company. GSSCLLC is a limited liability company that invests in multiple limited liability entities for the purpose of acquiring state tax credits, which are utilized by the Company or sold to third parties. The purpose of GSRE Holding, GSRE Holding II and GSRE Holding III is to hold real estate assets.
The Company competes with U.S. Bank, Scottrade Bank, Bank of America, Commerce Bank, Security National Bank of Sioux City, Wells Fargo Bank, UMB Bank, First National Bank of Omaha and Arvest Bank.
- [By Shane Hupp]
Several research analysts have recently issued reports on GSBC shares. ValuEngine raised Great Southern Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. BidaskClub raised Great Southern Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, October 26th. Finally, Zacks Investment Research lowered Great Southern Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, December 19th. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $58.67.
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Great Southern Bancorp Company Profile
- [By Shane Hupp]
Get a free copy of the Zacks research report on Great Southern Bancorp (GSBC)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Joseph Griffin]
GSA Capital Partners LLP bought a new position in Great Southern Bancorp, Inc. (NASDAQ:GSBC) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 17,738 shares of the financial services provider’s stock, valued at approximately $1,015,000.
- [By Stephan Byrd]
Great Southern Bancorp, Inc. (NASDAQ:GSBC) VP Linton J. Thomason sold 3,900 shares of the stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $60.15, for a total value of $234,585.00. Following the transaction, the vice president now directly owns 7,278 shares in the company, valued at approximately $437,771.70. The transaction was disclosed in a filing with the SEC, which is available at this link.
Best Clean Energy Stocks To Watch For 2021: Hudson Global, Inc.(HSON)
Hudson Global, Inc. provides professional-level recruitment and related talent solutions for small to large-sized corporations and government agencies worldwide. The company offers permanent recruitment services; and temporary contracting services, such as project management, interim management, and professional contract staffing services. It also offers recruitment process outsourcing services, such as complete recruitment outsourcing, project-based outsourcing, contingent workforce solutions, and recruitment consulting services to multinational companies; and talent management solutions, including talent assessment, interview training, executive coaching, employee development, and outplacement. The company was formerly known as Hudson Highland Group, Inc. and changed its name to Hudson Global, Inc. in April 2012. Hudson Global, Inc. was founded in 2003 and is based in New York, New York.
- [By Shane Hupp]
JBF Capital Inc. purchased a new position in Hudson Global Inc (NASDAQ:HSON) in the second quarter, Holdings Channel reports. The fund purchased 157,917 shares of the business services provider’s stock, valued at approximately $256,000.
Best Clean Energy Stocks To Watch For 2021: Lawson Products Inc.(LAWS)
Lawson Products, Inc. distributes products and services to the industrial, commercial, institutional, and governmental maintenance, repair, and operations marketplace in the United States and Canada. The company also manufactures and distributes production and specialized component parts, fasteners, and fittings to the original equipment marketplace, including the aerospace, off-road equipment, military, and oil and gas exploration industries. In addition, its product categories include specialty chemicals, cutting tools and abrasives, fluid power, aftermarket automotive supplies, electrical, and welding and metal repair. The company also serves customers in the automotive repair, transportation, manufacturing, food processing, distribution, construction, mining, wholesale, and service industries. Lawson Products, Inc. was founded in 1952 and is headquartered in Des Plaines, Illinois.
- [By Joseph Griffin]
Lawson Products (NASDAQ:LAWS) is scheduled to announce its earnings results on Thursday, April 19th. Analysts expect the company to announce earnings of $0.16 per share for the quarter.