Midland States Bancorp's preferred shares now offer a 7.7% yield, supported by improved operating performance and conservative lending practices. The bank's net interest margin hit a seven-year high of 3.98%, driven by stable asset yields and lower borrowing costs. Additionally, the loan-to-deposit ratio has decreased from nearly 100% to 73%, making Midland States one of the most conservative regional lenders. These factors provide downside protection for income-focused investors, with preferred dividends senior to common shares and improving credit metrics enhancing stability.
Pinnacle Silver & Gold Corp announced promising assay results from its underground drilling at the Potrero gold-silver property in Durango, Mexico. Drilling at the historic Pinos Cuates mine extended the known mineralized strike length to at least 70...
AstraZeneca retained a 'buy' rating from Citi despite mixed updates on its drug pipeline. Positive Phase III trial results for Tagrisso plus Orpathys in lung cancer showed significant survival benefits, with Citi estimating $500 million in peak sales...
David Tepper's Appaloosa Management disclosed large Q2 positions in Apple, Taiwan Semiconductor Manufacturing (TSMC), and CoreWeave, each with distinct outlooks. Apple shows strong recent revenue and buybacks but faces valuation and margin risks, wit...
A securities fraud lawsuit against Lamb Weston alleges the company misled investors about problems with its ERP software rollout between 2023 and 2024, causing inflated stock prices. The court ruled key claims will proceed, noting insiders sold over ...
M-tron Industries secured a $4.5 million contract from a top U.S. defense prime contractor to supply rugged RF filters for a major air defense program. This two-year deal increases annual volume by 50% compared to previous one-year contracts and supp...
