Institutional Financial Markets, Inc. (COHN) to Issue Quarterly Dividend of $0.25 on September 2nd

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) declared a quarterly dividend on Monday, August 3rd. Stockholders of record on Wednesday, August 19th will be paid a dividend of 0.25 per share by the financial services provider on Wednesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend is Wednesday, August 19th.

Institutional Financial Markets Stock Performance

Shares of Institutional Financial Markets stock opened at $12.40 on Monday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.26. The company has a market cap of $40.05 million, a PE ratio of 2.29 and a beta of 1.14. The company has a 50 day moving average of $12.74 and a 200-day moving average of $15.00. Institutional Financial Markets has a 1-year low of $9.19 and a 1-year high of $32.60.

Institutional Financial Markets (NYSEAMERICAN:COHN) last announced its quarterly earnings data on Monday, August 3rd. The financial services provider reported $1.62 EPS for the quarter, beating the consensus estimate of $0.42 by $1.20. Institutional Financial Markets had a net margin of 5.65% and a return on equity of 47.14%. The business had revenue of $65.14 million during the quarter, compared to the consensus estimate of $40.30 million. As a group, equities research analysts forecast that Institutional Financial Markets will post 1.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

COHN has been the subject of several recent analyst reports. Zacks Research upgraded Institutional Financial Markets to a “hold” rating in a research report on Friday, July 10th. Northland Securities started coverage on shares of Institutional Financial Markets in a research note on Thursday, July 9th. They issued an “outperform” rating and a $20.00 price target on the stock. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Institutional Financial Markets currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.00.

Institutional Financial Markets Company Profile

Cohen & Co, Inc engages in fixed income markets. It operates through the following segments: Capital Markets, Asset Management, and Principal Investing. The Capital Markets segment consists of fixed income sales, trading, matched book repo financing, and new issue placements in corporate and securitized products and advisory services, operating primarily through its subsidiaries. The Asset Management segment manages assets through investment vehicles, such as collateralized debt obligations, managed accounts, and investment funds.