JMP Group (JMP) Releases Quarterly Earnings Results, Beats Estimates By $0.10 EPS

JMP Group (NYSE:JMP) issued its quarterly earnings data on Wednesday. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.10, Bloomberg Earnings reports. JMP Group had a positive return on equity of 2.90% and a negative net margin of 11.87%.

Shares of JMP Group (NYSE:JMP) remained flat at $$5.50 during trading on Wednesday. 17,532 shares of the stock traded hands, compared to its average volume of 31,782. The company has a debt-to-equity ratio of 7.31, a quick ratio of 3.25 and a current ratio of 3.25. JMP Group has a fifty-two week low of $5.13 and a fifty-two week high of $7.70. The stock has a market cap of $118.60, a PE ratio of -8.73, a price-to-earnings-growth ratio of 1.28 and a beta of 0.79.

The firm also recently declared a monthly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be paid a $0.03 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $0.36 annualized dividend and a dividend yield of 6.55%. JMP Group’s dividend payout ratio is presently -57.14%.

In other JMP Group news, Director Thomas Rowe Wright purchased 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was purchased at an average price of $5.33 per share, for a total transaction of $66,625.00. Following the purchase, the director now directly owns 363,636 shares in the company, valued at $1,938,179.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 52.11% of the stock is owned by insiders.

JMP has been the subject of several recent analyst reports. Keefe, Bruyette & Woods restated a “hold” rating and issued a $5.75 price target on shares of JMP Group in a research note on Thursday, January 11th. Zacks Investment Research lowered JMP Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th.

JMP Group declared that its Board of Directors has authorized a stock buyback plan on Wednesday, December 13th that allows the company to repurchase 1,000,000 shares. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

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About JMP Group

JMP Group LLC, formerly JMP Group, Inc, is a full-service investment banking and asset management firm. The Company operates in five segments: Broker-Dealer, Asset Management, Corporate Credit, Investment Income and Corporate Costs. The Broker-Dealer segment includes a range of services, such as underwriting and acting as a placement agent for public and private capital markets raising transactions and financial advisory services in mergers and acquisitions, restructuring and other strategic transactions.

Earnings History for JMP Group (NYSE:JMP)

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