Japanese Business – Mazingerz World http://mazingerz-world.com/ Fri, 18 Mar 2022 10:28:35 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://mazingerz-world.com/wp-content/uploads/2021/11/anime.png Japanese Business – Mazingerz World http://mazingerz-world.com/ 32 32 $31.05 million in sales expected for Cavista Bancshares, Inc. (NASDAQ:CIVB) this quarter https://mazingerz-world.com/31-05-million-in-sales-expected-for-cavista-bancshares-inc-nasdaqcivb-this-quarter/ Fri, 18 Mar 2022 07:11:14 +0000 https://mazingerz-world.com/31-05-million-in-sales-expected-for-cavista-bancshares-inc-nasdaqcivb-this-quarter/ Stock analysts expect Cavista Bancshares, Inc. (NASDAQ:CIVB – Get a rating) will post revenue of $31.05 million for the current quarter, Zacks reports. Two analysts have made Cavista Bancshares earnings estimates. The highest sales estimate is $31.20 million and the lowest is $30.90 million. Civista Bancshares recorded sales of $33.02 million in the same quarter […]]]>

Stock analysts expect Cavista Bancshares, Inc. (NASDAQ:CIVB – Get a rating) will post revenue of $31.05 million for the current quarter, Zacks reports. Two analysts have made Cavista Bancshares earnings estimates. The highest sales estimate is $31.20 million and the lowest is $30.90 million. Civista Bancshares recorded sales of $33.02 million in the same quarter last year, indicating a negative growth rate of 6% year-over-year. The company is expected to release its next earnings report on Friday, April 22.

According to Zacks, analysts expect Cavista Bancshares to record annual sales of $130.20 million for the current year, with estimates ranging from $129.00 to $131.40 million. For the next fiscal year, analysts expect the company to post sales of $143.65 million, with estimates ranging from $141.90 to $145.40 million. Zacks’ sell calculations are an average average based on a survey of sell-side research firms that provide coverage for Civista Banc shares.

Civista Bancshares (NASDAQ:CIVB – Get a rating) last reported quarterly earnings data on Thursday, February 3. The bank reported earnings per share of $0.73 for the quarter, beating the Zacks consensus estimate of $0.61 by $0.12. Civista Bancshares had a net margin of 30.44% and a return on equity of 11.57%. During the same period last year, the company posted earnings per share of $0.64.

(A d)

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A number of brokerage firms have weighed in on CIVB recently. Zacks Investment Research upgraded shares of Civista Bancshares from a “hold” rating to a “buy” rating and set a price target of $27.00 for the company in a report released Tuesday. DA Davidson reissued a “buy” rating on Civista Bancshares shares in a Wednesday, January 12 report.

In other news, Director Allen R. Nickles sold 5,000 shares in a trade dated Tuesday, March 1. The stock was sold at an average price of $24.09, for a total value of $120,450.00. The sale was disclosed in an SEC filing, which is available via this link. Company insiders hold 2.82% of the company’s shares.

A number of hedge funds and other institutional investors have recently changed their holdings in CIVB. Citigroup Inc. increased its holdings of Cavista Bancshares shares by 144.9% in the third quarter. Citigroup Inc. now owns 1,812 shares of the bank valued at $42,000 after purchasing an additional 1,072 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in Cavista Bancshares by 73.7% in the third quarter. O Shaughnessy Asset Management LLC now owns 1,846 shares of the bank valued at $43,000 after acquiring 783 additional shares last quarter. Metropolitan Life Insurance Co NY increased its holdings in Civista Bancshares by 46,720.0% during the second quarter. Metropolitan Life Insurance Co NY now owns 2,341 shares of the bank worth $52,000 after acquiring 2,336 additional shares last quarter. Hillsdale Investment Management Inc. increased its stake in Civista Bancshares shares by 26.3% during the third quarter. Hillsdale Investment Management Inc. now owns 2,400 shares of the bank worth $56,000 after buying 500 more shares in the last quarter. Finally, Cassady Schiller Wealth Management LLC acquired a new stock position in Cavista Bancshares during the fourth quarter worth $70,000. 52.72% of the shares are held by institutional investors.

NASDAQ:CIVB opened at $24.29 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a leverage ratio of 0.30. The company’s fifty-day moving average price is $24.28. The company has a market capitalization of $364.98 million, a price-earnings ratio of 9.19 and a beta of 0.88. Civista Bancshares has a 52-week low of $21.40 and a 52-week high of $25.94.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 1. Shareholders of record on Tuesday, February 15 received a dividend of $0.14. This represents an annualized dividend of $0.56 and a dividend yield of 2.31%. The ex-dividend date was Monday, February 14. Civista Bancshares’ dividend payout ratio is 21.21%.

About Civista Bancshares (Get a rating)

Civista Bancshares, Inc is a financial holding company engaged in community banking business. It provides financial services through its offices in the Ohio counties of Erie, Crawford, Champaign, Franklin, Logan, Summit, Huron, Ottawa, Madison, Union and Richland. The Company’s primary deposit products are checking, savings and term certificate accounts, and its lending products are residential, commercial and installment mortgages.

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Earnings History and Estimates for Civista Banc (NASDAQ:CIVB) Stock

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What do you want to know https://mazingerz-world.com/what-do-you-want-to-know/ Thu, 17 Mar 2022 17:47:51 +0000 https://mazingerz-world.com/what-do-you-want-to-know/ Select’s editorial team works independently to review financial products and write articles that we think our readers will find useful. We earn commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners. When shopping online at a major retailer, you’ve probably noticed the option of using a “buy […]]]>

Select’s editorial team works independently to review financial products and write articles that we think our readers will find useful. We earn commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners.

When shopping online at a major retailer, you’ve probably noticed the option of using a “buy now, pay later” loan to finance your purchase. These loans have a fixed number of maturities, sometimes interest-free, over several weeks or months.

The popularity of BNPL loans has skyrocketed over the past year as people have spent more time shopping online due to the pandemic. A recent study by Ascenta Motley Fool service, found that 56% of consumers said they had used a BNPL service at least once, up from 38% the previous year, an increase of almost 48%.

Consumers should also be aware of the potential risks and drawbacks of using these types of loans. Unlike credit cards, many BNPL loans, especially short-term loans, are not reported to the credit bureaus. Therefore, when younger or subprime borrowers opt for BNPL loans, their credit scores will generally not be affected by a timely BNPL payment history.

However, the three major US credit bureaus – Equifax, Experian and TransUnion — seek to change this by including information regarding BNPL consumer loans on credit reports.

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News of the changes comes just months after the Consumer Financial Protection Bureau announced in december that it would launch an investigation of BNPL’s top five suppliers, demanding that they submit information so that the Bureau can keep the public informed of current industry practices and potential risks.

Below, Select examines how Equifax, Experian and TransUnion plan to report BNPL loans on consumer credit reports.

Credit bureaus reporting BNPL loans on credit reports

Trans Union

In February, TransUnion announced it would work with FICO and VantageScore to include point-of-sale financing in its future credit models.

While it may seem like a welcome change for the credit bureaus to use BNPL loans in calculating an individual’s FICO or VantageScore, these loans have the potential to lower consumers’ FICO credit scores even if they repay them on time. The reason: BNPL loans are generally short-term installment loans.

The length of your credit history is a factor used to calculate your FICO score – it makes up 15% of your score. When you repay a short-term BNPL loan, it means you are closing a line of credit, which can lower your average credit age and potentially affect your overall FICO score.

TransUnion tries to solve this problem by not counting all BNPL loans in the calculation of an individual’s basic credit score.

Instead, BNPL loans will be listed in a separate part of the credit report, says Liz Pagel, senior vice president at TransUnion. Therefore, a consumer’s BNPL loan history will not be used to calculate their credit score, but will still be included in their credit report.

While TransUnion plans to use BNPL loans in calculating consumer credit scores in the future, Pagel predicts it may take a few years for credit bureaus and reporting models to adapt. Because BNPL loans can lower the average credit age, she suggests that in the future, credit bureaus should omit any information about a person’s BNPL loans that might unfairly lower a person’s credit score. a person.

According to Pagel, it will be up to the lender to decide whether or not they want to know more information about a consumer’s BNPL history, particularly if they believe the information is necessary to make lending decisions.

Pagel says BNPL loans are currently reported on a monthly basis, however, the credit bureau plans to release BNPL loan information every two weeks in the future due to the way these loans are structured – many require four installments over the course of six or eight weeks.

Since most credit reports are done on a monthly basis, BNPL loans can end up being paid off soon after they appear on your credit report. Therefore, TransUnion intends to communicate BNPL loan information more frequently so that consumers can see the positive impact of paying on time and in full sooner.

Experian

Experian announced in January that it would launch the “Buy Now, Pay Later” desktop, which will collect information on an individual’s total number of outstanding BNPL loans as well as the total amount of their BNPL loans and the status of payments. Like TransUnion, Experian will not include BNPL loan information in the calculation of base credit scores, at least for now.

According to a press release from Experian“To protect consumers’ credit scores from immediate negative impact, detailed information relating to each BNPL transaction will be stored separately from Experian’s central credit bureau data.”

According to Greg Wrightproduct manager at Experian.

For now, Experian plans to separate BNPL information from basic credit bureau information due to how BNPL loans would be reported using traditional methods. In other words, since credit cards are considered a revolving line of credit, different transactions on your credit card will appear on a business line, which displays information about a specific credit account.

On the other hand, multiple transactions made with different BNPL loans appear as different trade lines on your credit file. For some lenders, having many different trade lines could indicate potentially risky behavior.

According to Wright, Experian has established a separate office for BNPL loans so that credit information for these loans does not negatively impact credit scores. Experian also plans to report information to this specialist bureau in real time instead of the usual 30-day delay.

Equifax

On February 28, Equifax began allowing BNPL providers to report “paid in 4” loans. According to Tom Aliff, head of risk management consulting at Equifax, consumers who use BNPL loans will see them reported as revolving or installment accounts depending on how the BNPL provider chooses to list them.

With Equifax, unlike TransUnion and Experian, your BNPL provider might choose to include BNPL loans in your base credit score calculation.

According to a Equifax press release“The new industry code will classify BNPL’s business lines, including payment history, and give Equifax customers and rating partners the ability to view and decide how to incorporate the information into their decision to to potentially open up new consumer financial services opportunities to more consumers.”

Equifax produces bi-weekly BNPL loan reports. The credit bureau recently conducted a study on the impact of BNPL loans on consumer credit reports, looking at people who had at least one BNPL loan reported as a line of credit on their report. The average term was four months, longer than the typical BNPL pay-in-4 loan. The study also found that people who repaid their BNPL loans on time had an average FICO score increase of 13 points.

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  • Identity Protection Plan does not offer tri-bureau credit monitoring

At the end of the line

With each of the three major credit bureaus planning to collect information on BNPL loans, consumers who use them frequently may soon benefit from lenders’ scrutiny to determine their creditworthiness.

Still, not all credit bureaus plan to use BNPL loan information when calculating a consumer’s primary credit score – TransUnion and Experian will keep this separate while Equifax will let BNPL providers choose how they want loans reported on consumer credit reports.

Check out Select’s in-depth coverage at personal finance, technology and tools, The well-being and more, and follow us on Facebook, instagram and Twitter to stay up to date.

Editorial note: Any opinions, analyses, criticisms or recommendations expressed in this article are those of Select’s editorial staff only and have not been reviewed, endorsed or otherwise endorsed by any third party.

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Business Payday Loans with ACFA Cashflow: What You Need to Know https://mazingerz-world.com/business-payday-loans-with-acfa-cashflow-what-you-need-to-know/ Thu, 17 Mar 2022 16:33:27 +0000 https://mazingerz-world.com/smart-finance-tips-for-self-employed-professionals/ Small-business payday loans: Understand your risks Businesses payday  loans with acfa-cashflow.com — Bad Credit  in this instance, cash advances for merchants — are a quick solution for fixed-price business finance which can be used for: Purchase inventory Pay for seasonal expenses Cash flow daily supplement However, they could quickly become costly to repay and disrupt […]]]>

Small-business payday loans: Understand your risks

Businesses payday  loans with acfa-cashflow.com — Bad Credit  in this instance, cash advances for merchants — are a quick solution for fixed-price business finance which can be used for:

  • Purchase inventory
  • Pay for seasonal expenses
  • Cash flow daily supplement

However, they could quickly become costly to repay and disrupt cash flow. Cash advances from merchants aren’t loans. Instead of lending money, merchant cash advance companies purchase the majority of a company’s future receivables. Typically, they purchase credit card transactions and in exchange, the lump sum of capital.

A merchant’s capital company gets an unspecified percentage of sales per day to be repaid and includes the cost of. The advance would be taken from every transaction prior to the business seeing the cash. Whatever your sales for the day are either low or high and the cash advance service would receive the same amount of money from every sale.

There are additional differences between cash advances for merchants -they can cost from 20 to 40 percent more than the amount of the advance as well as traditional business loans:

  • There is no obligation to pay back A loan typically comes with a promissory notes in the loan contract that requires the borrower to repay the loan, no matter what. Cash advances from merchants don’t bind lenders to the same standard. So long as you keep running your company to your best abilities and you’re not on the responsibility to pay the advance when the company closes due to reasons beyond your control. It may seem like a great deal however, this flexibility comes with a cost which is really high.
  • Costs can be high. Because the cash advance company assumes all risks, the cost of the loan can be quite excessive. Traditional lenders usually can take possession of assets to recover loss if the company defaults and this makes that choice less costly.
  • No liens. Traditional loans typically come with personal guarantees or liens that ensure that borrowers are held accountable for any debt. Cash advances for merchants aren’t secured in the same manner that is, the issuer takes on the entire risk.
  • Factor rates. The interest on cash advances from merchants usually expressed in terms of factor rates. They are written in decimal figures instead of percentages. To determine the amount of your loan it is necessary to multiply the amount of advance with the rate of factorization. The sum will be the amount you’ll need to repay.

The best time to think about the possibility of taking out a cash advance

While it’s risky, a cash advance is an attractive option for you if your company isn’t eligible for other types of financing for businesses and you require cash fast to cover an unexpected cost.

As with payday loans, merchant cash advances are accessible almost immediately. Cash advance providers typically have low criteria for eligibility and you can get cash without much underwriting.

Businesses that experience a significant amount of credit card transactions might be ideal candidates to take advantage of a cash advance for merchants. If you’re able to give up a percentage of your daily sales to keep covering the operating costs the cash flow of your business could not be in danger.

Other alternatives to payday loans

Here are some alternatives to think about for short-term financing, such as invoice factoring. In the event of the health of your company it may be beneficial to think of your business payday loans as a last option to finance.

SHORT-TERM LOANS

Business loans that are short-term from online lenders typically offer quick turnaround times that are comparable to certain cash advances from merchants. The majority of short-term loans must be paid back in 3 or more months. They can be repaid either on a daily or weekly basis that is similar to the rate of repayment to the cash advance offered by merchants. They typically require daily payments for a comparable three- to 18-month time frame.

They are typically offered in smaller or medium amounts, typically in the range of $5,000-$500,000with more interest rates than longer-term loans. They generally don’t need collateral, and you might be eligible even if you have less than perfect credit.

INVOICE FACTORING

Invoice factoring permits entrepreneurs to take advantage of outstanding invoices in order to release cash locked up in unpaid invoices. A factoring firm would purchase the invoices that are not paid and pay you a proportion of the invoice’s value, typically 75 percent to 90 percent. When your clients pay their invoices, the factoring business will collect a feetypically between 1 and 5% every week or every month and pay you the rest of the amount.

This kind of finance has similarities with cash advances for merchants. Invoice factoring isn’t a type of loan but you may get funding, but it might take a few more days than a cash advance for merchants. It doesn’t require collateral in excess of your invoices in order to qualify. The underwriting process isn’t as extensive and you can be accepted even with bad credit. However, the price of invoice factoring could be very high. It’s similar to the cost of cash advances to merchants.

UNSECURED BUSINESS LINES OF CREDIT

Business lines that are not secured credit provide ongoing access to financing for business owners who don’t want to provide businesses assets as collateral. They typically range from $10,000 to $100,000. You can draw on your credit line at any time but only pay interest on the amount you are able to borrow.

Nontraditional business lenders usually have lower requirements than banks and are likely to offer quick access to funds. Additionally, unsecured lines of credit generally have more interest rates over secured lines credit which are secured by collateral. It is possible that you will have to pay a monthly maintenance fee in addition to keeping this credit lines open.

BUSINESS CREDIT CARDS

The business credit cards, similar to the business line of credit will permit you to purchase items whenever you want. Cardholders also can benefit from incentives or rewards like cash back. However it is important to note that business credit cards usually are more expensive in terms of interest than lines of credit and, in addition, you could be subject to charges and penalties that are associated with your credit card.

It is possible to be approved for the business credit card than other forms of financing for businesses, however the amount that you can credit limit would be contingent on many factors, such as your business sales as well as your personal credit background. But, a modest credit maximum of 500 – $1,000 might be enough to meet your needs.

MICROLOANS

Microloans are offered in modest amounts to pay for a variety of general business expenses, generally with affordable costs and rates. It is possible to request a microloan through the national microloan programs created to assist businesses with limited resources for example, the Small Business Administration microloan program or a Community development bank (CDFI) in your local area. CDFIs are designed to boost economic growth and help small-scale businesses in local communities.

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KBRA Assigns Preliminary Ratings to Oportun Funding 2022-1, LLC https://mazingerz-world.com/kbra-assigns-preliminary-ratings-to-oportun-funding-2022-1-llc-2/ Thu, 17 Mar 2022 15:06:20 +0000 https://mazingerz-world.com/kbra-assigns-preliminary-ratings-to-oportun-funding-2022-1-llc-2/ News and research before you hear about it on CNBC and others. Claim your one week free trial for StreetInsider Premium here. NEW YORK–(BUSINESS WIRE)–KBRA assigns preliminary ratings to two bond classes for Oportun Funding 2022-1, LLC (“Oportun 2022-1”), a $400 million consumer loan ABS transaction dollars with KBRA noting Class A and Class B […]]]>

News and research before you hear about it on CNBC and others. Claim your one week free trial for StreetInsider Premium here.


NEW YORK–(BUSINESS WIRE)–KBRA assigns preliminary ratings to two bond classes for Oportun Funding 2022-1, LLC (“Oportun 2022-1”), a $400 million consumer loan ABS transaction dollars with KBRA noting Class A and Class B tickets totaling $378.949 million. Unlike several other transactions of Oportun, Inc. (“Oportun” or the “Company”) which included a revolving period during which additional eligible collateral could be acquired in the securitization trust, Oportun 2022-1 will be secured by a non-revolving pool of eligible guarantees. repayable consumer loans issued by Oportun.

Oportun 2022-1 represents ABS’s nineteenth securitization secured by unsecured and secured consumer installment loans issued by Oportun, a wholly owned subsidiary of Oportun Financial Corporation, a consumer finance company based in California and listed on NASDAQ. The Company provides financial services, including unsecured and secured personal installment loans, to borrowers who have no credit score or who may have a limited credit history. Oportun has been issuing unsecured consumer loans for 15 years and, in April 2020, began offering personal secured installment loans (“SPLs”) that are at least partially secured by auto title.

As of December 31, 2021, the average unsecured loan size ranged from $300 to $11,300 with an average of $3,357. As of December 31, 2021, the weighted average APR was 32.4% and the initial weighted average term was 35 months. For secured personal loans, the average loan size ranges from $2,525 to $20,000 with terms of 21 to 64 months. Loans generally require semi-monthly or fortnightly (or monthly as required by law) payments, which is close to when a client receives a salary.

KBRA analyzed the transaction using the ABS Global Consumer Lending Rating Methodology as well as its Global Structured Finance Counterparty Methodology and ESG Global Rating Methodology as part of its analysis of pool data. portfolio, underlying collateral pool and capital structure. KBRA considered its operational reviews of Oportun, as well as periodic due diligence calls with the company. Operational agreements and legal opinions will be reviewed prior to closing.

Click on here to view the report. To access relevant notes and documents, click here.

Related Publications

Disclosures

Further information on key credit considerations, sensitivity analyzes that consider factors that may affect these credit ratings and how they could lead to an upgrade or downgrade, and ESG factors (where they are a key factor in changing the credit rating or rating outlook) can be viewed in the full rating report mentioned above.

A description of all substantially significant sources that were used to prepare the credit rating and information on the methodology(ies) (including all significant models and sensitivity analyzes of key relevant rating assumptions, if any) used to determine the credit rating are available. in the information disclosure form(s) located here.

Information on the meaning of each rating category can be found here.

Additional information relating to this rating metric is available in the information disclosure form(s) referenced above. Additional information regarding KBRA’s policies, methodologies, grading scales and disclosures is available at www.kbra.com.

About KBRA

Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the United States Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a rating agency with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a rating agency with the UK Financial Conduct Authority under the temporary registration scheme. In addition, KBRA is designated as the Designated Rating Agency by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a credit rating provider.

Analytical Contacts

Michael Polvere, Associate Director (Senior Analyst)

+1 (646) 731-3339

michael.polvere@kbra.com

Brendan Buckley, Analyst

+1 (646) 731-1318

brendan.buckley@kbra.com

Rahel Avigdor, Senior Director

+1 (646) 731-1203

rahel.avigdor@kbra.com

Eric Neglia, Senior Managing Director (Rating Committee Chair)

+1 (646) 731-2456

eric.neglia@kbra.com

Business Development Contact Information

Ted Burbage, General Manager

+1 (646) 731-3325

ted.burbage@kbra.com

Source: Kroll Bond Rating Agency, LLC

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KBRA Assigns Preliminary Ratings to Oportun Funding 2022-1, LLC https://mazingerz-world.com/kbra-assigns-preliminary-ratings-to-oportun-funding-2022-1-llc/ Thu, 17 Mar 2022 15:05:00 +0000 https://mazingerz-world.com/kbra-assigns-preliminary-ratings-to-oportun-funding-2022-1-llc/ NEW YORK–(BUSINESS WIRE)–KBRA assigns preliminary ratings to two classes of notes for Oportun Funding 2022-1, LLC (“Oportun 2022-1”), a $400 million consumer loan ABS transaction with KBRA rating class notes A and Class B totaling $378.949 million. Unlike several other transactions of Oportun, Inc. (“Oportun” or the “Company”) which included a revolving period during which […]]]>

NEW YORK–(BUSINESS WIRE)–KBRA assigns preliminary ratings to two classes of notes for Oportun Funding 2022-1, LLC (“Oportun 2022-1”), a $400 million consumer loan ABS transaction with KBRA rating class notes A and Class B totaling $378.949 million. Unlike several other transactions of Oportun, Inc. (“Oportun” or the “Company”) which included a revolving period during which additional eligible collateral could be acquired in the securitization trust, Oportun 2022-1 will be secured by a non-revolving pool of eligible guarantees. repayable consumer loans issued by Oportun.

Oportun 2022-1 represents ABS’s nineteenth securitization secured by unsecured and secured consumer installment loans issued by Oportun, a wholly owned subsidiary of Oportun Financial Corporation, a consumer finance company based in California and listed on NASDAQ. The Company provides financial services, including unsecured and secured personal installment loans, to borrowers who have no credit score or who may have a limited credit history. Oportun has been issuing unsecured consumer loans for 15 years and, in April 2020, began offering personal secured installment loans (“SPLs”) that are at least partially secured by auto title.

As of December 31, 2021, the average unsecured loan size ranged from $300 to $11,300 with an average of $3,357. As of December 31, 2021, the weighted average APR was 32.4% and the initial weighted average term was 35 months. For secured personal loans, the average loan size ranges from $2,525 to $20,000 with terms of 21 to 64 months. Loans generally require semi-monthly or fortnightly (or monthly as required by law) payments, which is close to when a client receives a salary.

KBRA analyzed the transaction using the ABS Global Consumer Lending Rating Methodology as well as its Global Structured Finance Counterparty Methodology and ESG Global Rating Methodology as part of its analysis of pool data. portfolio, underlying collateral pool and capital structure. KBRA considered its operational reviews of Oportun, as well as periodic due diligence calls with the company. Operational agreements and legal opinions will be reviewed prior to closing.

Click on here to view the report. To access relevant notes and documents, click here.

Related Publications

Disclosures

Further information on key credit considerations, sensitivity analyzes that consider factors that may affect these credit ratings and how they could lead to an upgrade or downgrade, and ESG factors (where they are a key factor in changing the credit rating or rating outlook) can be viewed in the full rating report mentioned above.

A description of all substantially significant sources that were used to prepare the credit rating and information on the methodology(ies) (including all significant models and sensitivity analyzes of key relevant rating assumptions, if any) used to determine the credit rating are available. in the information disclosure form(s) located here.

Information on the meaning of each rating category can be found here.

Additional information relating to this rating metric is available in the information disclosure form(s) referenced above. Additional information regarding KBRA’s policies, methodologies, grading scales and disclosures is available at www.kbra.com.

About KBRA

Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the United States Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a rating agency with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a rating agency with the UK Financial Conduct Authority under the temporary registration scheme. In addition, KBRA is designated as the Designated Rating Agency by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a credit rating provider.

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Here’s how to track your tax refund https://mazingerz-world.com/heres-how-to-track-your-tax-refund/ Thu, 17 Mar 2022 14:24:59 +0000 https://mazingerz-world.com/heres-how-to-track-your-tax-refund/ JAx season is in full swing. With about a month to go before the deadline, millions of Americans have already filed their 2021 taxes — and, in many cases, are now eagerly awaiting their refunds from the IRS. In general, sooner you deposit, the sooner you will receive your tax refund. The turnaround time is […]]]>

JAx season is in full swing. With about a month to go before the deadline, millions of Americans have already filed their 2021 taxes — and, in many cases, are now eagerly awaiting their refunds from the IRS.

In general, sooner you deposit, the sooner you will receive your tax refund. The turnaround time is normally quite quick: the IRS issues the vast majority of refunds within 21 days. To date, the IRS has handed out about 38 million refunds this season, totaling $130 billion.

But it is a particularly delicate year. Because of record inflation, the demand for reimbursement is particularly high. As average refunds top $3,400, Americans are waiting for thousands of dollars to roll in. Meanwhile, the IRS is dealing with a large backlog of 2020 tax returns, and the agency says it is still processing millions largely due to missing or incorrect information. Some people are still waiting to receive refunds from last year.

In addition to that, long repayment periods could also hurt this tax season largely because of major tax changes of pandemic politics – in particular linked to the claim of recovery rebate credit as well as the remaining part of the child tax credit. The agency says that if you claim these tax credits, it will likely take longer than 21 days (and likely 90-120 days) to receive your refund. Incorrect or incomplete information will only cause further delays.

All that makes questions like “Where’s my refund?” even more urgent.

How to track your tax refund

Once you have filed your return electronically or dropped it in the mailbox, you can register with the IRS for refund updates. Here’s how.

1. Check your tax refund status on the IRS website

On the IRS website, you can use its Where is my refund? tool to check the status of your refund on your smartphone, tablet or computer.

To see your update, you’ll need to click the “Check my refund status” button, then follow the instructions, entering your social security number, tax status, and exact refund amount. If you entered the information correctly, you should instantly see the status of your refund.

Note that it will only show the status of your refund if it has been at least 24 hours since you filed your return electronically or four weeks since you mailed your return.

Additionally, if you have created an IRS account, you can access additional tax information about yourself online by request your account and tax statements. Some swear it’s a hack to find out when you’ll get your tax refund – and your account statement Is include a log of any recent IRS action – but the The taxman says Where is my refund? tool is your best bet as it is updated daily.

2. Use the IRS2Go app for refund updates

If it’s more convenient than the website, you can also check your tax refund status using the IRS2Go app, which is available on the Amazon Appstore, Apple App Store and Google Play Store.

The IRS application has several uses beyond checking the status of your refund, but if that’s all you need to do, select the refund tab and enter your personal information. Just like the website, you will need to provide your social security number, filing status, and refund amount. Then click submit and you will see the status of your refund.

Again, you’ll want to make sure it’s been at least 24 hours since you filed your return electronically or four weeks since you mailed it in.

Speaking of these additional features, you can also use the IRS2Go app to pay your tax bill, view tax advice, and get directions for on-site tax assistance nearby.

3. Call the IRS directly

For general updates on your tax refund, it’s probably not a good idea to call the IRS. Its call center is extremely late, which means you might experience long wait times. And even if you end up succeeding, it can be a AI powered robot rather than a human being.

The IRS recommends calling only if you haven’t received your refund after 21 days from the e-filing date – or if one of the other tax refund status tools directs you to contact the IRS.

Chances are you’ll just have to call the IRS if something is wrong with your return, and in that case the IRS will likely contact you first.

How long your tax refund will (likely) take

If you filed your tax return electronically and did not claim any pandemic-related tax credits, you can expect to receive your refund within 21 days and can check your tax refund status within 24 hours using the IRS website or app.

However, if you posted your statement, settle down. It will take several weeks before you can verify your status. Similarly, for complicated, incorrect or incomplete returns – especially those claiming pandemic-related tax credits – it can take up to 120 days to receive a refund.

To start the process, deposit as soon as possible. And remember: Taxes are due April 18 for most people this year.

More money :

4 Best Money Moves for March 2022

How to file taxes for free in 2022

10 Best Tax Software Programs

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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How Buy Now, Pay Later Loans Could Alter Credit | Smart Change: Personal Finances https://mazingerz-world.com/how-buy-now-pay-later-loans-could-alter-credit-smart-change-personal-finances/ Thu, 17 Mar 2022 13:00:32 +0000 https://mazingerz-world.com/how-buy-now-pay-later-loans-could-alter-credit-smart-change-personal-finances/ Liz Weston, CFP® Expanding access to credit is a laudable goal. Too many people can’t get a mortgage or an emergency loan at a reasonable rate because they can’t show a strong credit history. They may pay more for insurance or make large security deposits to obtain utilities or rent an apartment. Recently, the three […]]]>

Liz Weston, CFP®

Expanding access to credit is a laudable goal. Too many people can’t get a mortgage or an emergency loan at a reasonable rate because they can’t show a strong credit history. They may pay more for insurance or make large security deposits to obtain utilities or rent an apartment.

Recently, the three major credit bureaus announced their intention to incorporate “Buy now, pay later” plans, an extremely popular type of point-of-sale financing that until now has mostly remained outside the traditional credit ecosystem, in credit reporting.

But no one should expect purchases now, paid later to instantly open the door to better credit. If you want reliable access to the greatest number of lenders, building credit through traditional means is still the best route.

Buy now, pay later loans are growing in popularity

People also read…

If you’ve purchased something online recently, you’ve probably come across a buy now, pay later option that offered to split your purchase into a few installments. Retailers partner with lenders such as Affirm, Afterpay and Klarna to offer payment plans, which typically don’t require rigorous credit checks and may not charge interest. With the popular four installment option, for example, you pay off your balance in four equal, interest-free installments due every two weeks. Instead of charging interest, lenders get a percentage of what you spend from the retailer, similar to interchange fees charged by credit cards.

Buy now, pay later services have proliferated as the pandemic has moved much of shopping online, but plans are now available for travel and healthcare and optional at select physical retail stores. Nearly 100 million people have used the buy now, pay later option over the past year, says Liz Pagel, senior vice president of consumer lending for credit bureau TransUnion.

Like any easy credit, these plans can tempt people to overspend. Buy now, pay later loans are also largely unregulated and lack the consumer protections that cover credit and debit card purchases. Additionally, the Consumer Financial Protection Bureau is investigating how buy now, pay later lenders use the payment and purchase data they collect from customers.

Credit bureaus are still working out the details

Credit bureaus want access to this payment data, hoping they can offer traditional lenders insight into how these borrowers might handle other types of credit.

Offices are not altruistic, of course. These are private companies that want to make a profit. But in doing so, the bureaus could help expand access to credit by identifying borrowers who can manage credit among the millions of “invisibles” – people who have no credit history – as well as those who have too little information on file to generate credit scores. TransUnion’s Pagel called buy-it-now, pay-later data the biggest opportunity for financial inclusion in a generation.

How the offices will go about this is still in the works. Two of them, TransUnion and Experian, say that for now the information will not be included in regular credit reports, but lenders will be able to request it. The third bureau, Equifax, says it will feed the data into people’s credit reports.

But leading credit-reporting firm FICO is still studying buy-now-pay-later data to see how well it predicts how people might handle further credit. There’s not even agreement yet between the bureaus on whether the loans should be treated as revolving debt, like credit cards, or as installment loans, which typically last much longer.

“This is such an important question because how it’s reported makes a definite difference in its impact on the score,” says Ethan Dornhelm, vice president of scores and predictive analytics at FICO.

How You Can Build Better Credit Now

If you are currently trying to build or rebuild credityou probably don’t want to wait for those details to be ironed out.

Consider asking someone responsible for credit to add you as an authorized user to their credit card. Other options include a credit builder loan or a secured credit card from a lender that falls under the Tri-Bureau.

Credit loans, offered by credit unions or online, put the money you borrow into a savings account or certificate of deposit that you can get back after you’ve made all the monthly payments. A secured credit card usually gives you a line of credit equal to the deposit you make with the issuing bank. These aren’t instant fixes for bad credit or no credit, of course, but they are proven ways to expand your own access to credit now.

This article was written by NerdWallet and was originally published by The Associated Press.

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goeasy Stock: an undervalued engine of growth (OTCMKTS: EHMEF) https://mazingerz-world.com/goeasy-stock-an-undervalued-engine-of-growth-otcmkts-ehmef/ Thu, 17 Mar 2022 12:59:00 +0000 https://mazingerz-world.com/goeasy-stock-an-undervalued-engine-of-growth-otcmkts-ehmef/ Editor’s note: Seeking Alpha is proud to welcome GARP Guru as a new contributor. It’s easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more “ JHVEditorial photo/iStock via Getty Images Investment thesis The 40% […]]]>

Editor’s note: Seeking Alpha is proud to welcome GARP Guru as a new contributor. It’s easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more “

JHVEditorial photo/iStock via Getty Images

Investment thesis

The 40% crash in the share price (see chart below) of goeasy (OTCPK:EHMEF) over the past 6 months has provided an excellent buying opportunity.

Goeasy stock 6 month price chart

Looking for Alpha

goeasy is trading at a P/E of 8.6, a 48% discount to its 5-year average P/E ratio of 16.5. Beyond the low P/E, goeasy has a high return on equity of 39.7% and a high profit margin of 43.2% while having a very healthy current ratio of 15.3. EPS growth has not only been high at 28.1% over the past 10 years, but has also been consistent with only one year of decline (see chart below).

All figures are in Canadian dollars.

goeasy EPS for 10 years

easy growth of EPS (FastGraphs)

Business background

goeasy operates through two main divisions: easyfinancial and easyhome. the recent acquisition of Lendcare reports under the easyfinancial business segment. easyfinancial offers installment loans to non-preferred borrowers who may not qualify for traditional loans from major Canadian banks. Loans range from $500 to $50,000. The total loan return average of 42.1% in 2021. Due to the less advantageous nature of the loans, the charge rate was 8.8% in 2021. Lendcare specializes in financing consumer purchases such as automotive, healthcare, home improvement housing and motor sports.

easyhome offers lease financing for the purchase of furniture, appliances and electronics to customers who may not be able to purchase through traditional means. easyhome represents a small part of the company with 18% of consolidated turnover in 2021.

2021 Highlights

In 2019, the company acquired shares in PayBright in a private transaction. PayBright was since acquired by Affirm and Affirm (AFRM) has gone public. This added an additional $16 million and $8.3 million of net income in Q4 2021 and Q4 2020 respectively. That brings diluted adjusted EPS to $2.76 from $2.90. On an annual basis, 2021 EPS was $14.62 versus $10.43 after adjustment. This will make 2022 a slower growth year since these were one-time events. There remains a performance-based Affirm share count that may add to EPS in the future, but I couldn’t find details on when this might be triggered in the goeasy filings. Average analyst estimates for 2022 EPS is $11.97. This would show a decline in EPS but organic growth remains strong. This recent organic growth shows that growth is not slowing down and that the current low P/E offers an attractive discount for the company.

The quarterly dividend has been increased 38% to $3.64 and 444,000 shares have been redeemed and canceled since November 2021. Dividend increases over the past decade have been impressive. The chart below also shows consistent stock buybacks each year. These buybacks will further increase EPS in subsequent years.

easy dividend growth

easy dividend growth (Investor Presentation 2021)

In January 2022, the company reduced the fully drawn weighted average cost of borrowing by 0.6%, from 4.8% (Q4 2020) to 4.2%. It also increased the revolving warehouse facility from $300 million to $900 million. This liquidity should fuel organic growth until the fourth quarter of 2024.

Is the company ethical?

Does Goeasy charge unethically high interest rates or provide a valuable service to improve the customer’s financial health? I leave this answer to the reader, but offer some pros and cons below:

Benefits:

  • 1 in 3 customers obtain preferential credit within 12 months of borrowing from easyfinancial
  • 60% of customers improve their credit score within 12 months of borrowing from easyfinancial
  • goeasy provides many items to better educate customers on how to improve their financial situation

The inconvenients:

  • Customers pay very high interest rates and can stay locked into the loan for longer than the original term
  • Related products such as insurance can increase the overall cost of the loan
  • The BBB has a low 1.2/5.0 evaluation of customer reviews for the company, but holds an A+ rating.

goeasy competitors

goeasy doesn’t have many direct competitors in the unpreferred omnichannel lending space in Canada that are public. Fairstone and LoanDirect are both private companies, so it is not possible to present comparable data. Ferratum was in space but no longer offers loans in Canada. Mogo was a smaller competitor that offered loans, but has since sold its loan portfolio go easy.

Payday lenders such as Money Mart, CashMoney, etc. offer a slightly different product at much higher interest rates and often for shorter terms. Payday loans are often for 2 weeks. Credit unions such as Vancity grant loans but often for customers with higher credit scores and at lower rates.

easy competitors

easy competitors (goeasy 2020 presentation)

In the secured loan market, easyhome competes with specialist credit card companies such as Flexiti (private) and other department store cards. Online, they compete with but also partner with PayBright. PayBright serves as a lead generator for goeasy, but also offers other payment methods, such as installment credit card. PayBright was acquired by Affirm in 2020. The space continues to evolve but there has been heavy consolidation and goeasy is one of those consolidators.

Upstart (UPST) does not yet operate in Canada, but could pose a threat in the future if it enters the Canadian market. Their machine learning models may prove to be a cheaper and less risky way to make loans compared to more traditional lenders. Upstart also partners with traditional banks instead of holding loans to avoid loan write-offs.

There are pure online lending companies such as best egg and Spring Financial but these seem to be on a smaller scale and not competitive threats.

This shrinking competitive landscape strengthens the case for goeasy as smaller competitors are being squeezed out. With fewer competitors, the valuation becomes more compelling.

Valuation of goeasy shares

Growth at a reasonable price (GARP) investors look for a PEG below 1.0 to find value. If we calculate the current PEG usingg (PEG = P/E growth rate / EPS) we obtain a PEG of 0.30 (8.45 / 28%). It is far below a fair value PEG of 1.0.

As an investor, I want to have 5-year total returns greater than 100%. To calculate the 5-year total return, I will take the current Adjusted EPS (TTM) of $10.43 and expand it at the historical 10-year EPS growth rate of 28% for 5 years. To be even more conservative, I will use an annual EPS growth rate of 20% (see table below). Historical returns are not always repeated in the future, but due to goeasy’s consistent performance, I will use this 20% annual rate.

Year EPS projected to grow by 20% per year
2021 (current) $10.43
2022 $12.52
2023 $15.02
2024 $18.02
2025 $21.63
2026 (year 5) $25.95

(author’s calculations)

To calculate a possible share price for Year 5, I will use Year 5 EPS of $25.95 from the table above multiplied by goeasy’s 5-year average P/E of 16.4. This gives a stock price of $425.58. Based on the current price of $127.27 and a 5-year price of $425.58, the 5-year total return would be 234%. This 5-year return is well above my hurdle rate of 100%.

Risks

Rising interest rates

The Bank of Canada recently rising interest rates from 0.25% to 0.50%. goeasy’s debt financing is often indexed to the Canadian dollar offering rate (“CDOR”) plus a premium. goeasy uses interest rate swaps to generate fixed rate payments. The company also uses hedges for US dollar denominated debt. Although these hedges reduce debt volatility, they come at a cost in a rising rate environment. This will likely increase the cost of debt over the next 1-5 years.

Regulatory changes

The payday loan market has seen significant regulatory changes in recent years to reduce the high cost of these loans. There are additional regulatory measures, by province, that add costs to goeasy. A coming change High Cost Credit Legislation (“HCCL”) in British Columbia on May 1, 2022 may increase goeasy’s costs. More details about HCCL can be found here.

Untested Loan Ledger

The company’s easyfinancial segment was very small during the financial meltdown of 2008 (see the dark blue bars in the chart below). Most business was then secured in the easyhome segment. Easyfinancial’s unsecured loans have yet to be tested in a major financial event, but have performed well during the recent pandemic.

goeasy - Breakdown of income between easyfinancial and easyhome

goeasy IR website

The company store growth projects from 15 to 20 in 2022 and that the number drops to only 5 more stores in 2024. This may signal a saturation of the market for physical stores or show a migration of loans granted online.

While there are risks, the steep 48% P/E discount more than compensates an investor.

Summary

goeasy has a long and steady history of growth with few direct competitors in the Canadian non-senior loan market. They have been a business consolidator and achieve economies of scale. Their dividend continues to grow by more than 30% per year and the company frequently conducts share buybacks. The recent 40% decline in share price provided an opportunity to buy goeasy on sale at a 48% discount to historical P/E ratios.

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How to get a travel rewards card if you’re just building your credit https://mazingerz-world.com/how-to-get-a-travel-rewards-card-if-youre-just-building-your-credit/ Thu, 17 Mar 2022 11:03:00 +0000 https://mazingerz-world.com/how-to-get-a-travel-rewards-card-if-youre-just-building-your-credit/ Maybe you love to travel and the idea of ​​a shiny metallic card that gives you free flights is dazzling. Maybe you are a no-nonsense student planning to study abroad and have been looking for the “best travel credit card”. Or maybe you’re new to the US and have no credit history, but want to […]]]>

Maybe you love to travel and the idea of ​​a shiny metallic card that gives you free flights is dazzling. Maybe you are a no-nonsense student planning to study abroad and have been looking for the “best travel credit card”. Or maybe you’re new to the US and have no credit history, but want to book international flights to visit family and old friends regularly without breaking the bank.

There is only one problem. You are a little inexperienced. You’ve never had a credit card before.

The good news is that it’s never too early to get into the travel rewards game. The bad news is that a travel credit card might not be a smart move if you’ve never had a credit card before.

Either way, there are other steps you can take to start building your credit and point cache toward nearly free flights and hotel stays. Here’s why your first credit card probably won’t be a travel credit card.

You’ve never had a credit card before. Can you get a travel credit card?

The short answer is probably no. Most travel credit cards require applicants to have a good to excellent credit score to be approved. Without credit cards or other previous lines of credit, your score probably won’t be high enough to qualify right off the bat.

You might also be too young. According to the Cards Act 2009, card issuers are not legally allowed to open accounts for people under 21 without an adult co-signer, unless the applicant can prove they can repay their debt. (usually a source of income). They want to make sure you’ll be able to repay them for your purchases before they start rewarding you.

But just because you don’t have a credit history doesn’t mean you can’t get a credit card or start earning points and miles for travel.

Read: Demand for flights to Europe plummets amid Russia’s bombardment of Ukraine

How to Build Your Credit to Get a Travel Credit Card

Get cash back or a student card

OK, so your first map won’t be the most popular travel map. It’s likely to be a more pragmatic card that can still teach good credit card management habits, not to mention give you some insight into what you want in your next card. After all, you’ll need to make sure you pay your credit card bill on time, every time, and know which categories you spend the most on so you can choose the best travel credit card for yourself down the road.

We’ve compiled a list of the best credit cards for students (including a choice for international students) and for people with No credit.

Pro tip: If you opt for a cashback card, budget for those returns for your travel purchases. It’s basically getting a free flight or accommodation.

No matter what type of credit card you get, you should pay your credit card bills monthly to avoid high interest rates. According to November 2021 data from the Federal Reserve, the average APR on credit card accounts is 14.51%.

Also see: How to travel in a group without fighting for money

Be added as an authorized user to a travel card

Another way to build credit is to get a credit card in your name from your parents or legal guardians. When you are added as an authorized user to their account, it will help you build your credit, but your parents or guardians will ultimately be responsible for the bill.

This method requires a lot of communication to establish informal rules about expenses.

  • Make sure the primary cardholder pays their credit card bills on time so you don’t hurt your booming credit score.

  • Tell them how much and when you are allowed to spend on the card. Should it only be used in an emergency? Or are you allowed to put certain expenses, like books and school supplies, on the card?

  • Do you have to pay them back?

Note that any points or miles earned on authorized users’ cards will likely be deposited into the primary cardholder’s account. Would your parents or legal guardians be willing to book flights for you with the points you helped earn?

To verify: 7 Quirky Places Worth Stopping On A California Road Trip

Pay off your student loans and car loans on time

If you are already paying any type of loan, you are already building your credit score. Student loans and auto loans are just two types of installment loans and make up about 10% of your credit score. If you pay them on time, it will show that you have a good payment history, which accounts for 35% of your credit score – the biggest chunk.

Finally, the longer you have been paying them, the longer your credit history will be. That’s another 15% of your credit score. The remaining 30% of your credit score is based on your credit usage.

Ways to earn points and miles without a credit card

Until you get your first travel credit card, you can always progress to earn points and miles to redeem for free travel.

Join loyalty programs

Join the loyalty program of the airline or hotel you use (or want to use) the most. These programs are free and there is no age requirement, so some people even start earning miles for flights they take as babies if their parents have enrolled them.

Since you don’t have a travel credit card, you will accumulate points more slowly. Depending on how often and where you fly, it may take you more than a year to earn enough points for an award flight. But since many points and miles don’t expire quickly, it’s okay to keep them.

Participate in shopping and dining programs

Earning points by traveling or staying in hotels is not the only way to earn points in travel loyalty programs. You can actually earn bonus points by signing up for your airline or hotel’s shopping program, like United UAL,
+0.56%
MileagePlus Shopping and buying things you would normally buy online. Shopping portals partner with retailers you probably already shop at, like Target TGT,
+2.34%
or Nike NKE,
+1.77%.

Pro Tip: Download the Shopping Program Internet browser extension to receive notifications reminding you to activate shopping offers and earn bonus points.

You can do the same with a loyalty program’s dining program. All you have to do is link your starter debit or credit card, and every time you use it to pay at a participating local restaurant, you’ll earn bonus points on your purchase.

Start earning miles with Lyft rides

If you rideshare with Lyft LYFT,
-0.18%,
Linking your Lyft account to your travel rewards account is a great way to earn more points. Lyft partners with Delta DAL,
+0.60%
and Hilton HLT,
+0.23%,
so runners can choose to win either or both.

You can earn 2 Delta SkyMiles per dollar spent on airport rides and 1 mile per dollar spent on all other Lyft rides in the United States. With Hilton, you can earn three Hilton Honors Points per dollar spent on regular Lyft rides and two Hilton Honors Points per dollar. spent on Lyft shared rides.

Strategize to get your first travel credit card

You’re unlikely to be approved for a travel credit card if you’ve never had a credit card before, as most require users to have good to excellent credit.

Build your credit first by becoming an authorized user, opening a cashback card, and repaying loans on time. You can potentially offset travel costs by applying cash back on flights or hotels. Plus, there’s no credit requirement to join an airline or hotel loyalty program and start earning points.

Read: Why get cash back when you can get wine? Some new credit cards go beyond the usual rewards.

Your first credit card will show you the world of spending and earning possibilities, but you’ll need to know more about yourself – and your spending habits – before embarking on a long-term relationship with a credit card. of travel.

More from NerdWallet

Meghan Coyle writes for NerdWallet. Email: mcoyle@nerdwallet.com. Twitter: @inkwaves.

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Hawthorn Bancshares, Inc. (NASDAQ:HWBK) Short Interest Up 18.6% in February https://mazingerz-world.com/hawthorn-bancshares-inc-nasdaqhwbk-short-interest-up-18-6-in-february/ Thu, 17 Mar 2022 07:46:19 +0000 https://mazingerz-world.com/hawthorn-bancshares-inc-nasdaqhwbk-short-interest-up-18-6-in-february/ Hawthorn Bancshares, Inc. (NASDAQ: HWBK – Get a rating) was the target of strong short-term interest growth in February. As of February 28, there were short interests totaling 13,400 shares, an 18.6% growth from the total of 11,300 shares as of February 13. Based on an average trading volume of 6,800 shares, the short-term interest […]]]>

Hawthorn Bancshares, Inc. (NASDAQ: HWBK – Get a rating) was the target of strong short-term interest growth in February. As of February 28, there were short interests totaling 13,400 shares, an 18.6% growth from the total of 11,300 shares as of February 13. Based on an average trading volume of 6,800 shares, the short-term interest rate ratio is currently 2.0 days. Approximately 0.2% of the company’s shares are sold short.

Separately, StockNews.com assumed coverage on Hawthorn Bancshares in a Thursday, March 10, research note. They issued a “buy” rating on the stock.

Several institutional investors and hedge funds have recently changed their positions in HWBK. Royal Bank of Canada increased its position in shares of Hawthorn Bancshares by 149.0% during the second quarter. Royal Bank of Canada now owns 1,484 shares of the financial services provider valued at $34,000 after purchasing an additional 888 shares during the period. UMB Bank NA MO purchased a new equity stake from Hawthorn Bancshares during the fourth quarter worth approximately $78,000. CENTRAL TRUST Co increased its position in shares of Hawthorn Bancshares by 27.0% during the third quarter. CENTRAL TRUST Co now owns 4,780 shares of the financial services provider valued at $111,000 after purchasing an additional 1,017 shares during the period. Morgan Stanley increased its position in shares of Hawthorn Bancshares by 13,886.1% during the second quarter. Morgan Stanley now owns 5,035 shares of the financial services provider valued at $115,000 after buying an additional 4,999 shares during the period. Finally, Nuveen Asset Management LLC purchased a new equity stake from Hawthorn Bancshares during the second quarter valued at approximately $216,000. Hedge funds and other institutional investors hold 32.90% of the company’s shares.

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Shares of Hawthorn Bancshares opened at $26.03 on Thursday. Hawthorn Bancshares has a 52-week low of $20.83 and a 52-week high of $27.46. The company has a 50-day moving average price of $25.74. The company has a market capitalization of $172.24 million, a PE ratio of 7.65 and a beta of 0.50. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt ratio of 1.03.

Hawthorn Bancshares (NASDAQ: HWBK – Get a rating) last reported quarterly earnings data on Friday, Jan. 28. The financial services provider reported earnings per share (EPS) of $0.90 for the quarter. Hawthorn Bancshares had a return on equity of 16.63% and a net margin of 27.86%. The company had revenue of $18.78 million for the quarter.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 1. Shareholders of record on Tuesday, March 15 will receive a dividend of $0.15 per share. This represents an annualized dividend of $0.60 and a dividend yield of 2.31%. The ex-dividend date is Monday, March 14. Hawthorn Bancshares’ dividend payout ratio is currently 17.62%.

Hawthorn Bancshares Company Profile (Get a rating)

Hawthorn Bancshares, Inc. operates as a bank holding company, which provides retail and corporate banking services through its subsidiary, Hawthorn Bank. It offers checking and savings accounts, Internet banking, debit cards, certificates of deposit, brokerage services, personal loans, installment loans, trust services, credit-linked insurance and safes.

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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 Hawthorn Bancshares right now?

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

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street 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 takes off…and Hawthorn Bancshares was not on the list.

While Hawthorn Bancshares currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

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