Finance of America Companies (FOA) to Release Quarterly Earnings on Tuesday

Finance of America Companies (NYSE:FOA - Get Free Report) is anticipated to post its quarterly earnings results after the market closes on Tuesday, March 11th. Analysts expect Finance of America Companies to post earnings of $0.27 per share and revenue of $80.61 million for the quarter. Parties that wish to register for the company's conference call can do so using this link.

Finance of America Companies Price Performance

NYSE FOA traded down $0.57 during trading hours on Friday, reaching $22.46. The company's stock had a trading volume of 174,007 shares, compared to its average volume of 153,515. The stock has a market cap of $222.98 million, a PE ratio of 1.92 and a beta of 1.10. Finance of America Companies has a fifty-two week low of $4.10 and a fifty-two week high of $32.40. The company's 50-day moving average is $26.24 and its two-hundred day moving average is $18.25. The company has a debt-to-equity ratio of 40.07, a quick ratio of 2.80 and a current ratio of 2.80.

Insider Activity at Finance of America Companies

In other Finance of America Companies news, Director Lance West sold 23,245 shares of the firm's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $22.10, for a total transaction of $513,714.50. Following the sale, the director now directly owns 12,280 shares of the company's stock, valued at $271,388. This trade represents a 65.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Norma Corio purchased 4,300 shares of the firm's stock in a transaction on Thursday, December 12th. The shares were purchased at an average cost of $25.61 per share, for a total transaction of $110,123.00. Following the completion of the purchase, the director now directly owns 16,580 shares in the company, valued at $424,613.80. The trade was a 35.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have sold 43,632 shares of company stock valued at $937,887. Insiders own 15.60% of the company's stock.

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Institutional Investors Weigh In On Finance of America Companies

An institutional investor recently raised its position in Finance of America Companies stock. Bank of America Corp DE grew its position in shares of Finance of America Companies Inc. (NYSE:FOA - Free Report) by 3,503.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,306 shares of the company's stock after purchasing an additional 2,242 shares during the period. Bank of America Corp DE's holdings in Finance of America Companies were worth $65,000 at the end of the most recent quarter. Institutional investors own 97.20% of the company's stock.

Analyst Upgrades and Downgrades

Separately, UBS Group cut shares of Finance of America Companies from a "buy" rating to a "neutral" rating and increased their price objective for the company from $14.00 to $24.00 in a research note on Wednesday, November 20th.

Finance of America Companies Company Profile

Finance of America Companies Inc a financial service holding company, through its subsidiaries, engages in the operation of a retirement solutions platform in the United States. It operates through two segments: Retirement Solutions and Portfolio Management. The Retirement Solutions segment engages in the loan origination activities comprising home equity conversion, proprietary reverse, and hybrid mortgage loans for senior homeowners.