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The Zacks Analyst Blog Highlights Exxon Mobil, Horizon Bancorp, Radian Group, BRT Apartments and Provident Financial Services
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For Immediate Release
Chicago, IL – September 14, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Exxon Mobil (XOM - Free Report) , Horizon Bancorp (HBNC - Free Report) , Radian Group (RDN - Free Report) , BRT Apartments (BRT - Free Report) and Provident Financial Services (PFS - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
Best Dividend Stocks to Buy Now According to the Zacks Rank
U.S. stocks finished higher for the fourth successive trading session on Sep 13, which, incidentally, is their longest winning streak in the past two months. The drop in commodity prices has raised hopes that the impact of inflation on the economy has passed. At the same time, an uptick in business activity coupled with strong labor market conditions raised hopes that the economy would improve in the near future.
Notably, it’s widely expected that the forthcoming August inflation data may slip from the 40-year high in July. But the likely fall in inflation data won’t be enough to pacify a worried Fed. The central bank still believes that there is less evidence suggesting a drop in inflation to the Fed’s target of 2%.
The current decline in consumer prices is mostly due to cheaper gas prices. However, prices of broader goods and services, including vehicles, housing, food and rent, have continued to increase with little relief in sight. In fact, the core inflation data, which is the primary tool for the Fed to decipher where inflation is headed, eliminates volatile energy prices and are projected to increase in August.
The Fed, thus, in all likelihood, will continue to tighten monetary policy to tame price pressures. However, investors should remain concerned as the central bank’s hawkish stance might tip the economy into a recession. This is because a rate hike increases the cost of borrowing, curtails consumer outlays, dampens economic growth, and impacts the stock market’s northward journey. Let us not forget that current geopolitical issues continue to act as a headwind for the stock market.
Given such uncertainty, it’s judicious for investors to place bets on dividend-paying stocks like Exxon Mobil, Horizon Bancorp, Radian Group, BRT Apartments and Provident Financial Services. These stocks have a sturdy business model, which protects them from market volatility, and are known for providing a steady stream of income. Presently, they carry a Zacks Rank #1 (Strong Buy) or 2 (Buy) and offer high yields. You can see the complete list of today’s Zacks Rank #1 stocks here.
Exxon Mobil produces crude oil and natural gas in the United States and internationally. Exxon Mobil has a dividend yield of 3.65%. In the past 5-year period, XOM has increased its dividend three times, and its payout has advanced 2.8%. Check Exxon Mobil’s dividend history here.
XOM’s expected earnings growth rate for the current year is 135.9%. Currently, XOM has a Zacks Rank #2.
Horizon Bancorp is a bank holding company. Through subsidiaries, they are engaged as a full-service commercial bank. Horizon Bancorp has a dividend yield of 3.33%. In the past 5-year period, HBNC has increased its dividend five times, and its payout has advanced nearly 12.4%. Check Horizon Bancorp’s dividend history here.
HBNC’s expected earnings growth rate for the current year is 15.5%. Currently, HBNC has a Zacks Rank #1.
Radian Group is a credit enhancement company, which supports homebuyers, mortgage lenders, loan servicers and investors, with a suite of private mortgage insurance. Radian Group has a dividend yield of 3.78%. In the past 5-year period, RDN has increased its dividend three times, and its payout has advanced 245.8%. Check Radian Group’s dividend history here.
RDN’s expected earnings growth rate for the current year is 32.7%. Currently, RDN has a Zacks Rank #1.
BRT Apartments is a real estate investment trust. BRT Apartments has a dividend yield of 4.32%. In the past 5-year period, BRT has increased its dividend five times, and its payout has advanced almost 5.4%. Check BRT Apartments’ dividend history here.
BRT’s expected earnings growth rate for the current year is 22.6%. Currently, BRT has a Zacks Rank #2.
Provident Financial Services is the holding company of The Provident Bank, a community- and customer-oriented banking company. Provident Financial Services has a dividend yield of 4.14%. In the past 5-year period, PFS has increased its dividend four times, and its payout has advanced nearly 4%. Check Provident Financial Services’ dividend history here.
PFS’s expected earnings growth rate for the current year is 3.7%. Currently, PFS has a Zacks Rank #1.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights Exxon Mobil, Horizon Bancorp, Radian Group, BRT Apartments and Provident Financial Services
For Immediate Release
Chicago, IL – September 14, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Exxon Mobil (XOM - Free Report) , Horizon Bancorp (HBNC - Free Report) , Radian Group (RDN - Free Report) , BRT Apartments (BRT - Free Report) and Provident Financial Services (PFS - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
Best Dividend Stocks to Buy Now According to the Zacks Rank
U.S. stocks finished higher for the fourth successive trading session on Sep 13, which, incidentally, is their longest winning streak in the past two months. The drop in commodity prices has raised hopes that the impact of inflation on the economy has passed. At the same time, an uptick in business activity coupled with strong labor market conditions raised hopes that the economy would improve in the near future.
Notably, it’s widely expected that the forthcoming August inflation data may slip from the 40-year high in July. But the likely fall in inflation data won’t be enough to pacify a worried Fed. The central bank still believes that there is less evidence suggesting a drop in inflation to the Fed’s target of 2%.
The current decline in consumer prices is mostly due to cheaper gas prices. However, prices of broader goods and services, including vehicles, housing, food and rent, have continued to increase with little relief in sight. In fact, the core inflation data, which is the primary tool for the Fed to decipher where inflation is headed, eliminates volatile energy prices and are projected to increase in August.
The Fed, thus, in all likelihood, will continue to tighten monetary policy to tame price pressures. However, investors should remain concerned as the central bank’s hawkish stance might tip the economy into a recession. This is because a rate hike increases the cost of borrowing, curtails consumer outlays, dampens economic growth, and impacts the stock market’s northward journey. Let us not forget that current geopolitical issues continue to act as a headwind for the stock market.
Given such uncertainty, it’s judicious for investors to place bets on dividend-paying stocks like Exxon Mobil, Horizon Bancorp, Radian Group, BRT Apartments and Provident Financial Services. These stocks have a sturdy business model, which protects them from market volatility, and are known for providing a steady stream of income. Presently, they carry a Zacks Rank #1 (Strong Buy) or 2 (Buy) and offer high yields. You can see the complete list of today’s Zacks Rank #1 stocks here.
Exxon Mobil produces crude oil and natural gas in the United States and internationally. Exxon Mobil has a dividend yield of 3.65%. In the past 5-year period, XOM has increased its dividend three times, and its payout has advanced 2.8%. Check Exxon Mobil’s dividend history here.
XOM’s expected earnings growth rate for the current year is 135.9%. Currently, XOM has a Zacks Rank #2.
Horizon Bancorp is a bank holding company. Through subsidiaries, they are engaged as a full-service commercial bank. Horizon Bancorp has a dividend yield of 3.33%. In the past 5-year period, HBNC has increased its dividend five times, and its payout has advanced nearly 12.4%. Check Horizon Bancorp’s dividend history here.
HBNC’s expected earnings growth rate for the current year is 15.5%. Currently, HBNC has a Zacks Rank #1.
Radian Group is a credit enhancement company, which supports homebuyers, mortgage lenders, loan servicers and investors, with a suite of private mortgage insurance. Radian Group has a dividend yield of 3.78%. In the past 5-year period, RDN has increased its dividend three times, and its payout has advanced 245.8%. Check Radian Group’s dividend history here.
RDN’s expected earnings growth rate for the current year is 32.7%. Currently, RDN has a Zacks Rank #1.
BRT Apartments is a real estate investment trust. BRT Apartments has a dividend yield of 4.32%. In the past 5-year period, BRT has increased its dividend five times, and its payout has advanced almost 5.4%. Check BRT Apartments’ dividend history here.
BRT’s expected earnings growth rate for the current year is 22.6%. Currently, BRT has a Zacks Rank #2.
Provident Financial Services is the holding company of The Provident Bank, a community- and customer-oriented banking company. Provident Financial Services has a dividend yield of 4.14%. In the past 5-year period, PFS has increased its dividend four times, and its payout has advanced nearly 4%. Check Provident Financial Services’ dividend history here.
PFS’s expected earnings growth rate for the current year is 3.7%. Currently, PFS has a Zacks Rank #1.
Why Haven’t You Looked at Zacks' Top Stocks?
Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.