Boat Loans – PSP Book http://pspbook.com/ Thu, 23 Jun 2022 15:47:41 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://pspbook.com/wp-content/uploads/2021/05/default1-150x150.png Boat Loans – PSP Book http://pspbook.com/ 32 32 How to finance an Airbnb • Benzinga https://pspbook.com/how-to-finance-an-airbnb-benzinga/ Thu, 23 Jun 2022 15:47:41 +0000 https://pspbook.com/how-to-finance-an-airbnb-benzinga/ Take a look at LoanBud to finance your Airbnb! There are several ways you can try to create your own Airbnb. Financing an Airbnb property may be easier than many investors think. The opportunity may already be there in a bedroom, RV, moored boat or pool house you currently own. If you are looking to […]]]>

Take a look at LoanBud to finance your Airbnb!

There are several ways you can try to create your own Airbnb. Financing an Airbnb property may be easier than many investors think. The opportunity may already be there in a bedroom, RV, moored boat or pool house you currently own. If you are looking to buy, it may require less initial capital to finance than you think. With the trip home in full swing and people ready to explore, starting your own Airbnb is an investment idea with a lot of potential.

How to finance an Airbnb property

Investment properties can be difficult to obtain conventional financing. Many home loans require higher down payments and higher interest rates. While there are some options such as a home equity loan or buying a multi-family home and living in it, lenders like LoanBud have great alternative financing.

Unlike many banks, LoanBud allows investors to qualify based on the rental property’s projected income. No tax return is required and the down payment can be as low as 15%. Even better – if starting an Airbnb is really right for you, LoanBud doesn’t set a limit on the number of investment property mortgages you can have.

Airbnb is a great way to generate passive income. Go ahead and invest, knowing that getting started is easy and there is an opportunity to progress through multiple investment properties.

How to start your own Airbnb – A step by step guide

Step 1: Decide what type of property to use as Airbnb

Looking for a beachfront condo, a lakefront bungalow, or a loft in town? Specify in which area it would be best to invest and in what type of housing you want to invest. Something with low maintenance is ideal, and knowledge of the area is helpful in determining whether an Airbnb would be successful there.

Remember that an Airbnb must be rented consistently to maintain cash flow, and the lender will need to see that Airbnb’s income potential makes sense to qualify the loan.

Step 2: Obtain funding

Once you’ve narrowed down your area and found a potential investment property, work with a lender and research the best plan to finance your Airbnb. Make sure your FICO score is at least 620 or higher and you have at least 15% down on the property – the down payment can be a freebie.

LoanBud is a great lending option for investment properties, with many investor-focused loan programs available. It understands real estate investors and offers a variety of options to get your loan approved and closed quickly so you can start earning rental income fast.

Step 3: Arrange and decorate

Now that you’ve secured financing for your Airbnb rental property and closed the iy, the fun part can begin. An Airbnb is a home away from home – you’ll do better with rentals if you can capture that quality. Repair the property if necessary, choose a theme to decorate and buy the furniture.

In addition to common necessities like furniture, make sure you have towels, linens, dishes, pots and pans, dish soap, and a coffee maker available for your guests. Make it a place people are happy to book – your investment depends on it.

Step 4: Determine logistics

After each stay, will you clean or hire a company? How much will you charge for bank holiday weekends? Weeks you want to block off for yourself? Will you have a property manager or will you do it all?

Train your team before your listing goes live, or be prepared to handle it yourself, as many Airbnb hosts do. Have a clear plan to achieve the most success.

Step 5: Market your Airbnb

Register on the Airbnb site and create your listing. Hire a photographer or take the photos yourself, but be sure to impress your potential tenants.

What made you want to invest in this property? Is it the view of the lake, the access to the beach or the proximity to a national monument? Either way, talk about it in the listing and get great photos to excite travelers.

Share your ad on social networks, with your friends, on your blog and on vacation rental forums. The more you market your property, the more bookings you will get and the more money you will find in your pocket.

How much money does it take to invest in an Airbnb?

If you use a mortgage lender that caters to real estate investors like LoanBud, you can start investing with as little as 15% down. Depending on your budget and your region, this will determine the actual amount of this 15%.

Don’t be afraid to start small. Get experience with your first Airbnb, earn money and use it for the down payment on your next investment. There is no limit to the number of investment property mortgages you can have with LoanBud.

Just keep in mind that you will incur other start-up costs for a successful Airbnb. These properties are usually offered fully furnished and nicely decorated. If you decide on a budget and stick to it, even this can be done minimally while maintaining style and functionality. You can do yard sales for furniture and decor or use things you may already have.

Strangers will use these items, so spending less on larger items is ideal, as visitors may not handle your furniture the same way you would and things break.

Frequently Asked Questions

Can I start an Airbnb without money?

1

Can I start an Airbnb without money?

asked

Megane Brown

1

It is possible to start an AirBnb without money. Think about what you currently have at your disposal. Can you rent a room at your place? Do you have a camper sitting in a campsite that you never get the chance to access? If you have a vacant property or a summer residence, turn it into an Airbnb and start making money from it immediately.

Answer link

replied

Benzinga

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Pondicherry fishermen in dire straits due to climate change and pollution https://pspbook.com/pondicherry-fishermen-in-dire-straits-due-to-climate-change-and-pollution/ Tue, 21 Jun 2022 09:52:29 +0000 https://pspbook.com/pondicherry-fishermen-in-dire-straits-due-to-climate-change-and-pollution/ The union territory of Pondicherry is a combination of four regions; one of them is the Pondicherry district on the east coast along the Bay of Bengal. The district has 17 fishing villages, and fishermen there are affected by climate change and pollution from unplanned tourism. With no support from the government to overcome the […]]]>

The union territory of Pondicherry is a combination of four regions; one of them is the Pondicherry district on the east coast along the Bay of Bengal. The district has 17 fishing villages, and fishermen there are affected by climate change and pollution from unplanned tourism.

With no support from the government to overcome the livelihood distress, the fishers are heavily in debt and looking for alternative livelihoods.

The NewsClick The team visited the fishing village of Pudukuppam to inquire about their condition.

PLASTIC EVERYWHERE

Excessive flooding in recent monsoons has resulted in large amounts of plastic waste in the sea along the coastline of Pondicherry district. The plastic accumulates in the Chunnambar River and enters with the river into the sea at Nonankuppam. The massive amounts of plastic have deteriorated the performance of fish along the coast.

“The plastic appears shiny in the water and the fish breed in dark places like a forest. Also, the fish eat the swamp worms, but the plastic settles on the ground, preventing access to the worms. plus there is excess algae growth in the water which changes the quality of the water and makes it look dirty, fish will not stay in places like these,” said fisherman Ayyanarappam.

He also said, “The government should clean up the coast. Every twelve hours there are high and low tides. During low tides, the sea can be cleaned using modern technology. It’s not impossible.”

Jeyakodi, another fisherman, said: “In the summer, we used to spot the fish from the shore. This is no longer the case. There is no income in fishing. Hundreds of boats are motionless on the shore. It’s because of the plastic. »

Pudukuppam tourist site filled with plastic waste.

Speaking of Pudukuppam, Kaliyan, a member of Bahour Commune Committee of the Communist Party of India (Marxist), said, “The government has invested money to convert this area into a tourist spot. But, the government has done a poor job to maintain this place, which is used for untoward activities. The government should step in and control the pollution generated here.

WHERE IS THE DIESEL SUBSIDY, INSURANCE? »

Two types of boats are used by fishermen in the Pondicherry district – the key boat and the fiber boat. Larger key boat owners receive a diesel subsidy, but smaller fiber boat owners are not eligible.

Fisher Kalignam said, “We spend around Rs 1,000 a day to venture into the sea. But, we don’t get fish worth Rs 1,000. If four of us go fishing, only if we catch fish worth 2000 rupees, we will each earn at least 200 rupees. So if we get a subsidy for diesel, that would be good.

He added: “We don’t drive the boats on the road. We should be given diesel without road tax.

Owners of fiber boats in neighboring Tamil Nadu are eligible for diesel subsidies. In addition, the village of Pudukuppam borders a village in Tamil Nadu and the fishermen there receive the subsidy.

The boat registration process in Pondicherry is incomplete and fishermen have been calling for its completion for four years. Only if they are registered and the boats are insured will fishermen be able to claim compensation in the event of an accident. Neither the previous government nor the current government dealt with it.

“Nowadays, due to climate change, we are not able to predict rains and floods. If we are at sea and an accident occurs, it is only if our boats are registered and insured that we will obtain compensation; even if a boat drowns, we cannot claim anything,” Kalaignanam said.

FULL SHIPPING PENDING

A port-cum-port project is abandoned in Pudukuppam. Pondicherry has only one port and the fishermen demand the realization of this project.

“When a port was proposed in our area, some farmers protested. But later they agreed that Moorthi Kuppam Port would be useful to all. But the government is dithering, citing lack of funds,” Jeyakodi said.

Fishermen standing on the incomplete harbor of Moorthy Kuppam.

“Our then constituency MP Radhakrishnan was the one who brought this project. The current CM Rangasamy laid the foundation for the pier. We approached him many times but he does not listen,” said said Ayyanarappam.

He added, “Every year, the sea advances 15 to 20 meters inland, and now the space between the main road and the sea is only 30 meters. We all have boats in fiber 30 meters long. To pull them, we use tractors that require 20 meters of space. It is very discouraging. Because of this, we do not want to go fishing. If the port is finished, boats can be moored at the pier, and they need not be pulled to shore.”

INDEBTEDNESS

The lack of support from the government of Pondicherry to overcome the plight of their livelihoods has pushed the fishermen into debt.

Jeyakodi said: “About 30 years ago the sea was 200 meters inland. Even in those less modern times, the income of the fishermen was enough. Now, in these advanced times with motorboats, we we can’t make any progress. That’s because of the rising prices.”

One of the youngest fishermen, Kalaiarasan, said, “You can’t find a debt-free fisherman here.

Boats along the shore at Pudukuppam.

Another young fisherman, Akash, said: “Last month my brother went to Qatar to work on a tourist boat. My mother set up a small shop; she earns around Rs 100-200 a day, and she manages the house with that. My father is dead.”

The lack of fish has affected seafood-dependent businesses. Gopi, a dried fish seller, said, “Before, I used to buy a kilo of dried fish for 40-50 rupees, now it has doubled. It is difficult to get quality dried fish for Rs 100. Before, we used to circulate about 500-1000 kilos of dried fish/week, but it has decreased to 100-150 kilos now. Due to the lack of fish, we are in a hurry to look for another job.

NO GOVERNMENT SUPPORT

Although there are programs for fishermen, they do not have access to them.

“For female fish sellers, there is a loan for two-wheelers. There are loans for Tata Ace and battery vehicles. There are ready to knit our nets every year. But the government of Pondicherry does not use them. We don’t know why,” Ayyanarappan said.

Fish sellers on the abandoned port.

Valathan said: “We do not receive any loans from the government. Even if funds are reserved for us, they require guarantees to grant them to us. Who can we ask for security? »

Fishermen support Pondicherry to obtain statehood. They believe it would ease their conditions.

“All 17 fishing villages in Pondicherry are placing this request,” Kalaignanam said.

Another significant demand placed by them is incorporation into the category of Scheduled Tribes. Kalaignanam said: “Inland fishermen are Parvatha Rajakulam, we are sea fishermen – we are communities of hunters, tribes. We have been asking for this since the 1960s, but the government is not buying into it.

He repeated, “Generation after generation, we do this work, but we want it to end with us. We want our children to go to school and find another job. If our children were to progress in life, we should obtain tribal status. Only then will we have jobs”.

In addition, fishermen say the Sea Fisheries Bill 2021 will make their situation worse. Anglers would be restricted to fishing within 12 nautical miles. They would have to buy tokens before going into the sea and would be fined if they caught fish other than what they were supposed to catch.

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Should I sell my rental apartment or keep it? | Buy to rent https://pspbook.com/should-i-sell-my-rental-apartment-or-keep-it-buy-to-rent/ Mon, 20 Jun 2022 06:00:00 +0000 https://pspbook.com/should-i-sell-my-rental-apartment-or-keep-it-buy-to-rent/ Q In 2006, I bought an apartment on the south coast. Looking back, I had no idea what I was doing and was caught in an unrealistic bubble that burst soon after. I live in rented accommodation in the south and couldn’t really afford to buy anything. But I thought I would get a buy-to-let […]]]>

Q In 2006, I bought an apartment on the south coast. Looking back, I had no idea what I was doing and was caught in an unrealistic bubble that burst soon after. I live in rented accommodation in the south and couldn’t really afford to buy anything. But I thought I would get a buy-to-let mortgage and the vacation rental would pay the mortgage and at some point I would own it because I would otherwise never be able to buy in the area where I live because my job has always been independent unstable.

I was turned down for a buy-to-let mortgage (they said there was no guarantee it would leave for enough weeks, but I knew it would be because of the beachfront location sea), so I applied for a home mortgage, planning to live there in a few days. years old and thinking it was no big deal. But my situation changed and I did not move.

Now, 15 years later, the lease has been successful, covering interest-only payments and management costs. But that hardly reduced most of the mortgage I probably paid way beyond the odds.

My question is should I keep it in the hope that there will be more money in it in 10 years so that I have more for retirement? My other main concern is that the apartment was registered as a business and I’m paying taxes on it, but the mortgage company thinks I live there. I’m afraid if I do anything I’ll rock the boat and report the problem, I’ve read that the mortgage company can demand full payment (I owe £190,000). If I’m selling, does my mortgage company know anything other than me selling? If I keep it and try to get a new mortgage from another lender, will it be flagged that I live elsewhere?

If I sell, I won’t buy anything else, I’ll reduce my low income and have a better life for a few years. It won’t be enough in old age, but at least I can enjoy a few years that I may or may not live beyond. I would appreciate any reality check you can give me.
A

A I’m not surprised you were initially refused a rental mortgage, as this is the case for properties rented to permanent tenants rather than vacationers. I’m flabbergasted that you were given a residential mortgage since they already knew you weren’t planning to live there.

I’m also not surprised that most of the mortgage hasn’t gone down, because you clearly have an interest-only mortgage where, unlike a repayment mortgage, none of the monthly mortgage payment is used to repay the original mortgage. . And you’re right to fear that if you let your mortgage lender slip that you don’t live in the property, they may force you to pay off the entire mortgage because you’ve breached the terms of the loan.

If you don’t tell your current lender and sell the apartment, the lender won’t necessarily know anything other than what you’re selling and will clear the mortgage. If you try to get a new mortgage from a new lender, it will of course be flagged that you live elsewhere, as you are expected to tell the truth about any mortgage application.

In the (much) longer version of your question, you ask if you could try a rental mortgage but for the reasons already given, the answer is no. It may be worth contacting a lender that specializes in vacation rental loans, but you may find it too expensive for your current mortgage.

The reality is that even if it is by accident, you are actually committing mortgage fraud which is a criminal offence. I suggest you find a mortgage fraud lawyer for advice on how to put things right.

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Hogan: Maryland invests $13.5 million to improve waterways https://pspbook.com/hogan-maryland-invests-13-5-million-to-improve-waterways/ Sat, 18 Jun 2022 14:00:00 +0000 https://pspbook.com/hogan-maryland-invests-13-5-million-to-improve-waterways/ (The Center Square) – During a visit to the East Coast, Maryland Governor Larry Hogan touted new investments in the state’s waterways. The governor announced that 45 candidates will receive part of the $13.5 million which will be invested through grants from the Waterways Improvement Fund. The grants are designed to promote boating access, facilities […]]]>

(The Center Square) – During a visit to the East Coast, Maryland Governor Larry Hogan touted new investments in the state’s waterways.

The governor announced that 45 candidates will receive part of the $13.5 million which will be invested through grants from the Waterways Improvement Fund. The grants are designed to promote boating access, facilities and navigation in state waters.

Gov. Larry Hogan, center, announced that Maryland is investing $13.5 million in its waterways.

Credit: Governor Larry Hogan

“The Maryland Waterways Improvement Fund has been an extremely valuable program for 56 years,” Maryland Natural Resources Secretary Jeannie Haddaway-Riccio said in a statement. Press release. “Without this, we would not be able to invest in these essential navigation projects in partnership with our counties, riverside communities and waterway users.”

According to the statement, the fund invests in the construction and maintenance efforts of more than 400 public navigation facilities and public navigation channels in 250 locations, in addition to purchasing icebreaking and rescue boats.

The projects, according to the statement, include new public boating access, amenities and facilities, dredging of waterways, provision of emergency boats and equipment for first responders, as well as other infrastructure and efforts.

The state’s Department of Natural Resources, according to the release, will administer the program, including federal grant programs that enhance recreational boating efforts in the state.

The Waterways Improvement Fund, according to the release, strives to provide monetary support to community governments, as well as the department, as well as federal agencies with grants or loans for boat building projects. .

The fund, which was established in 1966, the statement said, was developed specifically for recreational and commercial projects on the state’s waterways, and the fund’s revenue is derived from the 5% excise tax imposed. to the State when a boat is purchased and titled.

According to the release, the fund has raised more than $300 million which has been allocated to more than 4,500 projects at more than 300 boating hotspots.

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H E. Timanus, Jr. acquires 2,000 shares of Prosperity Bancshares, Inc. (NYSE: PB) https://pspbook.com/h-e-timanus-jr-acquires-2000-shares-of-prosperity-bancshares-inc-nyse-pb/ Thu, 16 Jun 2022 22:41:56 +0000 https://pspbook.com/h-e-timanus-jr-acquires-2000-shares-of-prosperity-bancshares-inc-nyse-pb/ Prosperity Bancshares, Inc. (NYSE:PB – Get Rating) Chairman H E. Timanus, Jr. acquired 2,000 shares of Prosperity Bancshares in a transaction on Thursday, June 16. The shares were purchased at an average cost of $65.60 per share, with a total value of $131,200.00. Following the purchase, the president now directly owns 4,000 shares of the […]]]>

Prosperity Bancshares, Inc. (NYSE:PB – Get Rating) Chairman H E. Timanus, Jr. acquired 2,000 shares of Prosperity Bancshares in a transaction on Thursday, June 16. The shares were purchased at an average cost of $65.60 per share, with a total value of $131,200.00. Following the purchase, the president now directly owns 4,000 shares of the company, valued at approximately $262,400. The purchase was disclosed in a legal filing with the SEC, accessible via this hyperlink.

PB stock traded at $1.40 in Thursday’s midday session, hitting $66.26. The company’s stock had a trading volume of 996,667 shares, compared to an average volume of 517,103. The stock’s 50-day moving average price is $68.79 and its 200-day moving average price is $71.61. Prosperity Bancshares, Inc. has a 1-year low of $64.40 and a 1-year high of $80.46. The stock has a market capitalization of $6.11 billion, a price/earnings ratio of 12.28, a PEG ratio of 1.20 and a beta of 1.08.

Prosperity Bancshares (NYSE:PB – Get Rating) last released quarterly earnings data on Wednesday, April 27. The bank reported earnings per share of $1.33 for the quarter, beating the consensus estimate of $1.29 by $0.04. Prosperity Bancshares had a return on equity of 7.95% and a net margin of 43.64%. The company posted revenue of $275.07 million for the quarter, compared to $273.00 million expected by analysts. In the same quarter a year earlier, the company earned earnings per share of $1.44. Research analysts expect Prosperity Bancshares, Inc. to post earnings per share of 5.66 for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 1. Shareholders of record on Wednesday, June 15 will receive a dividend of $0.52. The ex-date of this dividend is Tuesday, June 14. This represents an annualized dividend of $2.08 and a yield of 3.14%. Prosperity Bancshares’ dividend payout ratio is currently 37.75%.

Hedge funds have recently been buying and selling shares of the company. Covestor Ltd purchased a new equity stake from Prosperity Bancshares in the fourth quarter worth $27,000. City State Bank bought a new stake in shares of Prosperity Bancshares in the fourth quarter worth $36,000. Marshall Wace North America LP bought a new equity stake in Prosperity Bancshares in the first quarter for $35,000. Artemis Wealth Advisors LLC purchased a new equity stake from Prosperity Bancshares in the first quarter for $39,000. Finally, Dupont Capital Management Corp bought a new equity stake in Prosperity Bancshares in the fourth quarter worth $49,000. 80.30% of the shares are currently held by institutional investors and hedge funds.

Several brokerages have recently published reports on the PB. Wolfe Research cut its target price on Prosperity Bancshares from $69.00 to $63.00 and gave the stock an “underperform” rating in a Thursday, May 26 research report. Truist Financial cut its price target on Prosperity Bancshares from $78.00 to $77.00 and set a “buy” rating on the stock in a research report Wednesday. Finally, StockNews.com upgraded Prosperity Bancshares from a “hold” rating to a “sell” rating in a Thursday, June 2 research report. Two equity research analysts gave the stock a sell rating, two issued a hold rating and one gave the company a buy rating. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $77.75.

About Prosperity Bancshares (Get an evaluation)

Prosperity Bancshares, Inc operates as a bank holding company for Prosperity Bank which provides financial products and services to businesses and consumers. It accepts various deposit products, such as current, savings, money market and term accounts, as well as certificates of deposit. The company also offers 1-4 family residential mortgages, commercial and multi-family residential, commercial and industrial, agricultural and non-real estate mortgages, as well as loans for construction, land development and other land loans. ; consumer loans, including secured loans for automobiles, recreational vehicles, boats, home improvement, personal and deposit accounts; and consumer durables and home equity loans, as well as loans for working capital, business expansion, and the purchase of equipment and machinery.

Further reading

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Prosperity Bancshares right now?

Before you consider Prosperity Bancshares, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market goes higher…and Prosperity Bancshares didn’t make the list.

While Prosperity Bancshares currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

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3 stocks to buy while they’re on sale https://pspbook.com/3-stocks-to-buy-while-theyre-on-sale/ Tue, 14 Jun 2022 15:00:00 +0000 https://pspbook.com/3-stocks-to-buy-while-theyre-on-sale/ The S&P500 headed into bear market territory this week. The benchmark has fallen 21% this year. Investors are concerned that the latest inflation data could prompt the Federal Reserve to raise interest rates even more than expected. Now may not be the most pleasant time to sit back and observe your portfolio’s performance, but don’t […]]]>

The S&P500 headed into bear market territory this week. The benchmark has fallen 21% this year. Investors are concerned that the latest inflation data could prompt the Federal Reserve to raise interest rates even more than expected. Now may not be the most pleasant time to sit back and observe your portfolio’s performance, but don’t worry. The current situation is temporary. And while this hurts even the strongest companies right now, they will bounce back and even thrive in the long run.

This means that today is actually the perfect time to invest. You can select companies with great sales prospects. And this in all industries. Let’s take a look at three market leaders – in e-commerce, electric vehicles and robotic surgery – that fit the bill.

1. Amazon

Amazon (AMZN) has reported an increase in revenue and profits over the past few years – and those numbers have reached into the billions of dollars. But that positive momentum came to a halt earlier this year. Rising inflation and supply chain issues weighed on earnings. And Amazon reported lower operating cash flow and operating profit in the first quarter.

The e-commerce giant could continue to struggle as long as these issues persist. But there are three good news. First, Amazon strives to manage the costs it can control. And that means about two-thirds of the extra costs, the company said in its latest earnings call. At the same time, Amazon’s for-profit cloud computing business continues to grow rapidly. Amazon Web Services (AWS) posted double-digit gains in sales and operating income in the first quarter. This business is not as sensitive to the challenges that have plagued Amazon’s e-commerce business. And finally, while today’s misfortunes can hurt e-commerce today, rising inflation and supply chain issues won’t last forever.

Amazon shares have fallen about 37% since the start of the year. But revenues have not fallen as much.

AMZN data by YCharts

And Amazon is trading at 117 times forward earnings estimates, down from more than 175 in April. Sounds like a steal given Amazon’s long-term outlook.

2.Tesla

You’re here (TSLA) reached important milestones over the past year, even as chip shortages weighed on its production capacity. Last year, it reported record vehicle deliveries of more than 936,000. And in the first quarter, the company reported record revenue, vehicle deliveries and operating profit. Add to that an operating margin of over 19% and it was a pretty solid quarter.

Tesla also recently began shipping from two massive new factories in Austin, Texas, and Berlin, Germany. These facilities are expected to further increase delivery levels in the future.

What’s next for Tesla? The company is targeting an average annual growth in vehicle deliveries of 50% over a “multi-year” period.

Of course, some challenges can rock the boat in the short term. CEO Elon Musk said the company had a “very difficult quarter,” Electrek reported on June 12, citing leaked emails from Musk to employees. Musk spoke about the supply chain and production challenges in China.

At the same time, a rising interest rate environment is not the best news for automakers. Rising interest rates make it harder for individuals to get loans.

All of this means that Tesla shares may not soar overnight. But the company’s position in the market, its strong growth so far and its increased production capacity bode well for the future.

The moment therefore seems ideal to enter into the history of Tesla. The stock has fallen about 38% this year. And Tesla is trading for 52 times forward earnings estimates, up from more than 90 just three months ago.

3. Intuitive surgery

Intuitive surgeryit is (ISRG) short-term performance will have a lot to do with the coronavirus situation. Indeed, a new wave of hospitalizations could halt non-essential surgeries. And that kind of movement weighs on Intuitive’s revenue. Intuitive generates revenue not only by selling robotic surgical systems, but also by selling the accessories and instruments needed for each surgery. When a procedure is postponed or cancelled, Intuitive loses.

Concerns about the coronavirus situation have weighed on Intuitive recently. But here’s the good news: this is a temporary issue. A potential increase in hospitalizations could delay surgical revenues or even delay installations of new surgical robots for a while. But when the problem subsides, Intuitive’s image is bright.

The company has more than 79% of the robotic surgery market, according to BIS Research. Most surgeons train on Intuitive’s flagship Da Vinci robot – so they’re unlikely to want to switch to a new system. And Intuitive has steadily increased its installs and revenue. In the first quarter, the company reported an installed base of 6,920 systems.

What about valuation? Intuitive now trades at around 39x forward earnings, up from over 70x at the start of the year. Considering the long-term prospects of this company, it sounds like a good deal.

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How to finance your summer fun https://pspbook.com/how-to-finance-your-summer-fun/ Sun, 12 Jun 2022 21:08:10 +0000 https://pspbook.com/how-to-finance-your-summer-fun/ Summer is the time to get out and have fun, maybe with boats or jet skis. There are ways to navigate funding for these summer toys. (AP Photo/Eraldo Peres) Summer is the season for the great outdoors, and getting a new toy, like a boat or an RV, is a dream come true for many […]]]>
Summer is the time to get out and have fun, maybe with boats or jet skis. There are ways to navigate funding for these summer toys. (AP Photo/Eraldo Peres)

Summer is the season for the great outdoors, and getting a new toy, like a boat or an RV, is a dream come true for many people. But with rising interest rates, spikes in the cost of oil, and general economic uncertainty, you might be hesitant to make a big purchase right now.

Financing options, such as a secured loan, can make the purchase more manageable by spreading out the payments. But borrowing is not good for everyone. Look at your budget and factor in other expenses, like storage, maintenance, and gas.

SHOULD WE FINANCE A BIG SUMMER PURCHASE?

Before deciding if and how you should finance, check with yourself why you want to make the purchase, says Jarrod Sandra, a certified financial planner based in Crowley, Texas. According to Sandra, customers are sometimes driven by the idea of ​​a boat or RV, not the reality.

“I think mostly toys, you get that ‘American dream feeling’ of waterskiing behind the boat every Saturday or being out in the beautiful wilderness,” he says.

Sandra, who once owned a motorhome, says that dream doesn’t always come true. Maybe you rarely have time to get in the water on the weekends, or the remote campsite you’re considering is actually noisy and crowded.

For those who are sure they want to buy, whether to borrow money largely depends on your overall financial situation, says Marianne Nolte, a Fallbrook, Calif.-based certified financial planner and avid sailor.

“It all comes down to budgeting,” says Nolte. “It doesn’t matter if you’re 25 and saving for your first home or you’re a 50-year-old man who is well settled in his financial journey. You have to make sure, in terms of cash flow, that you are not going to hurt your monthly expenses.

Nolte adds that just because you can afford a loan doesn’t mean you should automatically get one. Also, make sure you’re not giving up on bigger goals, like saving for retirement, to cover payments.

Both Nolte and Sandra recommend a test drive, such as joining a yacht club or renting an RV for the weekend, to get your feet wet before committing to the purchase.

FINANCING FOR BOATS, RVS AND SMALL TOYS

If you’re going to finance a big summer toy, you’ll probably need a secured or unsecured loan.

Secured loans are usually the most affordable option and are available from banks, credit unions, and some dealerships. Since the purchase itself serves as collateral, interest rates tend to be lower and you can often benefit from a longer repayment term, sometimes up to 20 years.

One of the best ways to get approved for a secured loan is to provide a down payment of at least 10%, says Michael Lax, executive vice president and head of marine RV sales at Bank of the West.

Credit history is also important. If you’ve financed a similar purchase in the past, such as with a car loan, it can make the approval process much easier, Lax says.

Unsecured personal loans are another financing option and are offered by online lenders, banks, and credit unions. These loans don’t require collateral, so you don’t risk losing the item if you don’t repay. Lending decisions are based on creditworthiness, income, and existing debt, but annual percentage rates may be higher and repayment terms shorter, compared to a secured loan.

Some lenders let you prequalify for an unsecured loan, which is a smart way to check potential terms and compare different loans without affecting your credit score.

Borrowers looking for smaller toys — think a personal watercraft or all-terrain vehicle — might consider a credit card. But especially in an environment of rising credit card interest rates, you’ll want to pay off the balance as soon as possible. The cost of buying can also increase your credit utilization ratio, which could affect your credit score.

If you have good credit, a 0% APR card may be a good choice. You won’t pay any interest as long as you pay off the card before the promotional period expires and the regular APR sets in.

CONSIDER COSTS BEFORE MAKING A DECISION

The purchase price is not the only expense to keep in mind. Depending on the vehicle you purchase, there are an assortment of related costs that you will want to budget for.

Storage and transport are among the most important. While small items may live in your garage, larger items like boats may need to be stored offsite in a marina or parking lot. You will also need to transport the item, which may require a trailer and adding a hitch to your car or truck.

Maintenance is another concern. Like cars, toys require regular maintenance to stay in good condition, whether it’s changing a tire, checking the oil or preparing the vehicle for colder temperatures.

Gasoline, insurance and one-time costs, such as mooring or camping fees, should also be taken into account.

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Recent Analyst Rating Updates for Eagle Bancorp Montana (EBMT) https://pspbook.com/recent-analyst-rating-updates-for-eagle-bancorp-montana-ebmt/ Fri, 10 Jun 2022 20:58:59 +0000 https://pspbook.com/recent-analyst-rating-updates-for-eagle-bancorp-montana-ebmt/ Eagle Bancorp Montana (NASDAQ: EBMT) recently received a number of rating updates from brokerages and research firms: 06/06/2022 – Eagle Bancorp Montana is now covered by StockNews.com analysts. They have placed a “holding” rating on the stock. 05/31/2022 – Eagle Bancorp Montana has been downgraded by Zacks Investment Research analysts from a “hold” rating to […]]]>

Eagle Bancorp Montana (NASDAQ: EBMT) recently received a number of rating updates from brokerages and research firms:

  • 06/06/2022 – Eagle Bancorp Montana is now covered by StockNews.com analysts. They have placed a “holding” rating on the stock.
  • 05/31/2022 – Eagle Bancorp Montana has been downgraded by Zacks Investment Research analysts from a “hold” rating to a “sell” rating. According to Zacks, “Eagle Bancorp operates as a holding company for the American Federal Savings Bank which provides retail banking services in south central Montana. The company offers a variety of deposit and loan products and services. The Bank is a federally chartered savings bank, engaged in typical banking activities: acquiring deposits in local markets and investing in loans and securities.Eagle Bancorp also offers real estate loans for construction; consumer loans including auto loans, RV loans, boat loans, personal loans and lines of credit, and custodial account loans; and business loans. Headquartered in Helena, Montana, the company’s mission is to effectively increasing value for its customers, shareholders, employees and communities.”
  • 05/29/2022 – Eagle Bancorp Montana is now covered by StockNews.com analysts. They have placed a “holding” rating on the stock.
  • 05/21/2022 – Eagle Bancorp Montana is now covered by StockNews.com analysts. They have placed a “holding” rating on the stock.
  • 05/13/2022 – Eagle Bancorp Montana is now covered by StockNews.com analysts. They have placed a “holding” rating on the stock.
  • 5/5/2022 – Eagle Bancorp Montana is now covered by StockNews.com analysts. They have placed a “holding” rating on the stock.
  • 04/29/2022 – Eagle Bancorp Montana has been downgraded by Zacks Investment Research analysts from a “buy” rating to a “hold” rating. According to Zacks, “Eagle Bancorp operates as a holding company for the American Federal Savings Bank which provides retail banking services in south central Montana. The company offers a variety of deposit and loan products and services. The Bank is a federally chartered savings bank, engaged in typical banking activities: acquiring deposits in local markets and investing in loans and securities.Eagle Bancorp also offers real estate loans for construction; consumer loans including auto loans, RV loans, boat loans, personal loans and lines of credit, and custodial account loans; and business loans. Headquartered in Helena, Montana, the company’s mission is to effectively increasing value for its customers, shareholders, employees and communities.”
  • 04/27/2022 – Eagle Bancorp Montana is now covered by StockNews.com analysts. They have placed a “holding” rating on the stock.
  • 04/19/2022 – Eagle Bancorp Montana is now covered by StockNews.com analysts. They have placed a “holding” rating on the stock.
  • 04/12/2022 – Eagle Bancorp Montana has been upgraded by Zacks Investment Research analysts from a “hold” rating to a “buy” rating. They now have a price target of $24.00 on the stock. According to Zacks, “Eagle Bancorp operates as a holding company for the American Federal Savings Bank which provides retail banking services in south central Montana. The company offers a variety of deposit and loan products and services. The Bank is a federally chartered savings bank, engaged in typical banking activities: acquiring deposits in local markets and investing in loans and securities.Eagle Bancorp also offers real estate loans for construction; consumer loans including auto loans, RV loans, boat loans, personal loans and lines of credit, and custodial account loans; and business loans. Headquartered in Helena, Montana, the company’s mission is to effectively increase value for its customers, shareholders, employees and communities.”
  • 04/11/2022 – Eagle Bancorp Montana is now covered by StockNews.com analysts. They have placed a “holding” rating on the stock.

Shares of EBMT traded down $0.23 at midday Friday, hitting $19.17. The stock had a trading volume of 141 shares, compared to an average volume of 5,004 shares. The company has a 50-day simple moving average of $20.51 and a 200-day simple moving average of $21.88. Eagle Bancorp Montana, Inc. has a 1-year low of $18.69 and a 1-year high of $24.87. The company has a market capitalization of $128.25 million, a PE ratio of 11.28 and a beta of 0.68. The company has a current ratio of 0.83, a quick ratio of 0.81 and a debt ratio of 0.41.

Eagle Bancorp Montana (NASDAQ:EBMT – Get Rating) last reported quarterly earnings data on Tuesday, April 26. The bank reported EPS of $0.35 for the quarter, missing analyst consensus estimates of $0.49 per ($0.14). The company had revenue of $19.99 million in the quarter, versus a consensus estimate of $26.00 million. Eagle Bancorp Montana had a net margin of 12.04% and a return on equity of 7.52%. As a group, research analysts expect Eagle Bancorp Montana, Inc. to post EPS of 2.51 for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 3. Investors of record on Friday, May 13 received a dividend of $0.125 per share. This represents an annualized dividend of $0.50 and a dividend yield of 2.61%. The ex-dividend date was Thursday, May 12. Eagle Bancorp Montana’s payout ratio is 29.41%.

Several hedge funds have recently changed their positions in the stock. Fourthstone LLC increased its stake in Eagle Bancorp Montana by 501.3% in the 1st quarter. Fourthstone LLC now owns 137,817 shares of the bank valued at $3,077,000 after purchasing an additional 114,898 shares during the period. Petiole USA ltd acquired a new stake in Eagle Bancorp Montana in Q1 valued at approximately $1,834,000. Cutler Capital Management LLC purchased a new stake in Eagle Bancorp Montana in Q1 worth approximately $1,474,000. TNF LLC purchased a new stake in Eagle Bancorp Montana in Q3 valued at approximately $702,000. Finally, BlackRock Inc. increased its stake in Eagle Bancorp Montana by 46.2% in the 1st quarter. BlackRock Inc. now owns 90,913 shares of the bank valued at $2,031,000 after purchasing an additional 28,719 shares during the period. 46.86% of the shares are held by institutional investors and hedge funds.

Eagle Bancorp Montana, Inc operates as a bank holding company for Opportunity Bank of Montana, which provides various retail banking products and services to small businesses and individuals in Montana. It accepts various deposit products, such as individual checking, savings, money market and retirement accounts, as well as certificates of deposit accounts.

See also



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Head to Head Contrast: Pacific Premier Bancorp (NASDAQ:PPBI) vs. SouthState (NASDAQ:SSB) https://pspbook.com/head-to-head-contrast-pacific-premier-bancorp-nasdaqppbi-vs-southstate-nasdaqssb/ Wed, 08 Jun 2022 22:30:05 +0000 https://pspbook.com/head-to-head-contrast-pacific-premier-bancorp-nasdaqppbi-vs-southstate-nasdaqssb/ Pacific Premier Bancorp (NASDAQ:PPBI – Get Rating) and SouthState (NASDAQ:SSB – Get Rating) are both mid-cap financial companies, but which is the better stock? We’ll compare the two companies based on valuation strength, analyst recommendations, risk, earnings, institutional ownership, profitability and dividends. Benefits and evaluation This table compares the revenue, earnings per share and valuation […]]]>

Pacific Premier Bancorp (NASDAQ:PPBI – Get Rating) and SouthState (NASDAQ:SSB – Get Rating) are both mid-cap financial companies, but which is the better stock? We’ll compare the two companies based on valuation strength, analyst recommendations, risk, earnings, institutional ownership, profitability and dividends.

Benefits and evaluation

This table compares the revenue, earnings per share and valuation of Pacific Premier Bancorp and SouthState.

Gross revenue Price/sales ratio Net revenue Earnings per share Price/earnings ratio
First Pacific Bancorp $804.59 million 3.78 $339.89 million $3.55 9.04
southern state $1.44 billion 4.21 $475.54 million $6.04 13.28

SouthState has higher revenues and profits than Pacific Premier Bancorp. Pacific Premier Bancorp trades at a lower price-to-earnings ratio than SouthState, indicating that it is currently the more affordable of the two stocks.

Volatility and risk

Pacific Premier Bancorp has a beta of 1.21, meaning its stock price is 21% more volatile than the S&P 500. In comparison, SouthState has a beta of 0.81, meaning its stock price is 19% less volatile than the S&P 500.

Profitability

This table compares the net margins, return on equity and return on assets of Pacific Premier Bancorp and SouthState.

Net margins Return on equity return on assets
First Pacific Bancorp 42.15% 11.95% 1.61%
southern state 30.19% 10.33% 1.19%

Analyst Notes

This is a breakdown of the current recommendations for Pacific Premier Bancorp and SouthState, as reported by MarketBeat.com.

Sales Ratings Hold odds Buy reviews Strong buy odds Rating
First Pacific Bancorp 0 1 1 0 2.50
southern state 0 1 3 0 2.75

Pacific Premier Bancorp currently has a consensus target price of $46.00, indicating a potential upside of 43.39%. SouthState has a consensus target price of $87.94, indicating a potential upside of 9.64%. Given the likely higher upside of Pacific Premier Bancorp, research analysts clearly believe that Pacific Premier Bancorp is more favorable than SouthState.

Insider and Institutional Ownership

91.9% of shares in Pacific Premier Bancorp are held by institutional investors. By comparison, 86.2% of SouthState’s shares are held by institutional investors. 2.2% of the shares of Pacific Premier Bancorp are held by insiders. By comparison, 1.9% of SouthState shares are held by insiders. Strong institutional ownership indicates that large fund managers, endowments, and hedge funds believe a company will outperform the market over the long term.

Dividends

Pacific Premier Bancorp pays an annual dividend of $1.32 per share and has a dividend yield of 4.1%. SouthState pays an annual dividend of $1.96 per share and has a dividend yield of 2.4%. Pacific Premier Bancorp pays 37.2% of its profits as a dividend. SouthState pays 32.5% of its profits as a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings over the next few years. Pacific Premier Bancorp has increased its dividend for 2 consecutive years and SouthState has increased its dividend for 10 consecutive years.

Summary

SouthState beats Pacific Premier Bancorp on 9 out of 17 factors compared between the two stocks.

About Pacific Premier Bancorp (Get an evaluation)

Pacific Premier Bancorp, Inc. operates as a bank holding company for Pacific Premier Bank which provides banking services to businesses, professionals, real estate investors and non-profit organizations. The company accepts deposit products, such as checking accounts, money market accounts and savings accounts. and certificates of deposit. Its loan portfolio includes commercial and non-owner-occupied real estate, multi-family, construction and land loans, secured real estate franchises, small business administration (SBA) and SBA paycheck protection programs; revolving lines of credit, term loans, seasonal loans and loans secured by liquid collateral; one to four family loans and home equity lines of credit; and savings account secured loans and car loans. The company also offers cash management, electronic banking, cash management and online bill payment services. It operates 61 full-service depository branches located in Arizona, California, Nevada, Oregon and Washington. Pacific Premier Bancorp, Inc. was founded in 1983 and is headquartered in Irvine, California.

About Southern State (Get an evaluation)

Southern State LogoSouthState Corporation operates as a bank holding company for SouthState Bank, a National Association which provides a range of personal and business banking services and products. It accepts checking accounts, savings deposits, interest-bearing transaction accounts, certificates of deposit, money market accounts, and other term deposits. The company also offers commercial real estate loans, residential real estate loans, commercial and industrial loans, and consumer loans, including auto, boat and personal installment loans. In addition, it provides debit cards, mobile and money transfer products, as well as cash management services including merchant, automated clearing house, safe deposit box, remote deposit capture and cash management services. other treasury services. In addition, the Company offers safe deposit boxes, money orders, electronic transfers, brokerage services and alternative investment products, including annuities, mutual funds and trust and investment management services. assets ; and credit cards, letters of credit and home equity lines of credit. As of December 31, 2021, it served customers at 281 branches in Florida, South Carolina, Alabama, Georgia, North Carolina and Virginia. SouthState Corporation also serves its customers through online, mobile and telephone banking platforms. The company was formerly known as First Financial Holdings, Inc. and changed its name to SouthState Corporation in July 2013. SouthState Corporation was founded in 1933 and is headquartered in Winter Haven, Florida.



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China is trying to shake off the worst of the pandemic https://pspbook.com/china-is-trying-to-shake-off-the-worst-of-the-pandemic/ Mon, 06 Jun 2022 07:55:36 +0000 https://pspbook.com/china-is-trying-to-shake-off-the-worst-of-the-pandemic/ A handful of tourists visit the normally crowded Yuyuan Garden during the Dragon Boat Festival holiday on June 4, 2022 in Shanghai, where authorities allow a return to normal life and business activity. CGV | Visual Group China | Getty Images BEIJING — China is beginning to show signs of recovery from the latest Covid […]]]>

A handful of tourists visit the normally crowded Yuyuan Garden during the Dragon Boat Festival holiday on June 4, 2022 in Shanghai, where authorities allow a return to normal life and business activity.

CGV | Visual Group China | Getty Images

BEIJING — China is beginning to show signs of recovery from the latest Covid shock.

In a major step towards normality, the capital city of Beijing allowed restaurants in most districts to resume in-store dining on Monday – after a hiatus of about a month. Most other businesses could also restore in-person operations.

The southeastern metropolis of Shanghai, which has been closed for about two months, continued with its reopening plan that began last week. Residents flocked to local campsites and parks during the long holiday weekend that began Friday, according to travel booking site Trip.com.

As people returned to work on Monday, a Baidu traffic jam tracker showed heavy traffic in Beijing and Shanghai during the morning commute – up from light traffic a week earlier. Both cities have also relaxed the frequency of virus testing to three days from two.

After a surge of omicron cases across the country since March, the national daily number of Covid cases has fallen well below 50, according to official data.

The unsynchronized closings and reopenings in major cities suggest that the growth recovery underway after China’s lockdown should be less abrupt than the V-shaped one in spring 2020.

Under China’s “dynamic zero-Covid policy” mandate, local authorities have used strict travel bans and stay-at-home orders to control the virus. These restrictions disrupted supply chains and other activities, causing retail sales and industrial production to plummet in April.

“Our high-frequency trackers suggest that barring another severe resurgence of Covid and associated lockdowns, port mobility, construction and operation could return to pre-lockdown levels in about a month,” Goldman Sachs Chinese economist Lisheng Wang and a team said in a report on Saturday. .

However, service-sector businesses that involve close human contact would struggle to “achieve full recovery anytime soon,” the report said. “Unsynchronized closures and reopenings in major cities suggest that the ongoing growth recovery after China’s lockdown should be less abrupt than the V-shaped one in spring 2020.”

Goldman analysts pointed to the absence of growth engines such as exports and real estate, and greater economic costs to control a more transmissible Covid variant than 2020.

Real estate accounts for more than a quarter of China’s GDP, according to Moody’s.

At a press conference last week, People’s Bank of China Deputy Governor Pan Gongsheng gave few signs of further large-scale support for the sector. He noted how the pandemic has limited the construction and sale of real estate. But he highlighted Beijing’s policy to limit speculation in the sector and described the latest moves by authorities to ease some restrictions on home loans.

Slow recovery

Data from last weekend’s holiday, dubbed the Dragon Boat Festival, added to indications that the economy won’t return to growth any time soon.

The film’s long-weekend box office of 178 million yuan ($26.75 million) was the Dragon Boat Festival’s worst performance since 2012, excluding the worst of the pandemic in 2020, according to the Maoyan ticketing site.

Spending on domestic tourism during the holidays this year fell 12.2 percent from a year earlier to 25.82 billion yuan ($3.88 billion), according to the Ministry of Culture and Tourism. Tourism.

But for the calendar year, it marked an improvement over May. The nearly $4 billion figure accounted for about two-thirds of spending during the same holiday in 2019. That was better than the recovery to 44% of pre-pandemic levels during a longer holiday in early May, so that Shanghai was still locked down.

Over the past week, survey data from manufacturing and services businesses in May showed a recovery from lows in April. But the data, known as the Purchasing Managers’ Index (PMI), remained in contractionary territory.

The rate of contraction is similar to that between February and March, said Bruce Pang, head of macro and strategy research at China Renaissance. He said that since economic indicators dipped in April, the latest figures show the impact of the pandemic continued in May and the economy remains in its worst condition since the second quarter of 2020.

Learn more about China from CNBC Pro

PMI data showed a continued decline in business plans for hiring.

Pang noted that uncertainty over future earnings, as well as the risk of quarantine for travelers, weighed on tourism spending during the latest dragon boat festival.

Even though much of Beijing and Shanghai are not officially on lockdown, specific buildings or neighborhoods may remain closed due to contact with Covid cases.

Not all companies have resumed work either. Shanghai Disney Resort has been closed since March 21. Universal Beijing Resort is closed from May 1 until further notice.

Disclosure: NBCUniversal is the parent company of Universal Studios and CNBC.

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