TMCnet News
Federal Agricultural Mortgage has the Lowest Forward P/E Ratio in the Thrifts & Mortgage Finance Industry (AGM, OCN, FBC, RVSB, CASH)May 24, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Thrifts & Mortgage Finance industry with the lowest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.Federal Agricultural Mortgage ranks lowest with a a forward P/E ratio of 6.92. Ocwen Financial is next with a a forward P/E ratio of 7.74. Flagstar Bancorp ranks third lowest with a a forward P/E ratio of 8.23. Riverview Bancorp follows with a a forward P/E ratio of 9.24, and Meta Financial Group rounds out the bottom five with a a forward P/E ratio of 10.13. SmarTrend recommended that subscribers consider buying shares of Meta Financial Group on November 1st, 2012 as our technology indicated a new Uptrend was in progress when shares hit $23.95. Since that recommendation, shares of Meta Financial Group have risen 12.5%. We continue to monitor Meta Financial Group for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |