First National Bank of Omaha Makes New $541,000 Investment in Monarch Casino & Resort, Inc. $MCRI
First National Bank of Omaha purchased $541,000 worth of Monarch Casino & Resort stock, while analysts maintained a 'Hold' rating with a target price of $124.40.Summary
First National Bank of Omaha has made a new investment in Monarch Casino & Resort, Inc. (NASDAQ:MCRI), purchasing 4,114 shares valued at approximately $541,000 during the second quarter. This move follows a period of activity by other institutional investors, including GAMMA Investing LLC, Mariner LLC, Vident Advisory LLC, Panagora Asset Management Inc., and Strs Ohio, who have all adjusted their holdings in the company. Despite the new investment, the stock received a consensus rating of "Hold" from analysts, with an average target price of $124.40. The company's financial performance remains strong, with earnings per share beating analyst estimates and a market capitalization of $2.24 billion. Additionally, Monarch Casino & Resort announced a quarterly dividend of $0.30 per share, payable on September 15th. Insider activity included CEO John Farahi selling 5,000 shares of the company's stock.
(Source：The Lincolnian Online)