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Last $17.24 USD
Change Today 0.00 / 0.00%
Volume 17.7K
ZFC On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

zais financial corp (ZFC) Snapshot

Open
$17.28
Previous Close
$17.24
Day High
$17.31
Day Low
$17.24
52 Week High
09/2/14 - $19.48
52 Week Low
07/31/14 - $15.93
Market Cap
137.4M
Average Volume 10 Days
16.4K
EPS TTM
$2.91
Shares Outstanding
8.0M
EX-Date
03/27/15
P/E TM
5.9x
Dividend
$1.60
Dividend Yield
9.28%
Current Stock Chart for ZAIS FINANCIAL CORP (ZFC)

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zais financial corp (ZFC) Details

Zais Financial Corp. originates, acquires, finances, sells, services, and manages residential mortgage loans in the United States. It originates mortgage loans through its GMFS mortgage banking platform; and acquires performing, re-performing, and newly originated loans through other channels. The company also invests in, finances, and manages residential mortgage-backed securities (RMBS) that are not issued or guaranteed by a federally chartered corporation. In addition, it invests in mortgage servicing rights and RMBS that are issued or guaranteed by a federally chartered corporation or a U.S. Government agency, as well as in other real estate-related and financial assets, such as interest only strips created from RMBS, commercial mortgage-backed securities, and asset-backed securities. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2011 and is based in Red Bank, New Jersey.

216 Employees
Last Reported Date: 03/16/15
Founded in 2011

zais financial corp (ZFC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: --
Chief Financial Officer and Treasurer
Total Annual Compensation: --
Chief Investment Officer
Total Annual Compensation: --
Chief Accounting Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

zais financial corp (ZFC) Key Developments

ZAIS Financial Corp. Declares Cash Dividend for the First Quarter Ending March 31, 2015, Payable on April 15, 2015

ZAIS Financial Corp. announced that its Board of Directors declared a cash dividend of $0.40 per share of the Company's common stock and operating partnership unit (OP unit) for the first quarter ending March 31, 2015. The dividend is payable on April 15, 2015, to stockholders and OP unit holders of record as of the close of business on March 31, 2015.

ZAIS Financial Corp. Announces Board Changes

ZAIS Financial Corp. announced that David L. Holman has joined the Company's Board of Directors. Mr. Holman will serve as an independent member of the Board of Directors and the Chair of the Board's Audit Committee. He replaces Mr. James M. Zinn, who as expected has resigned from the Company's Board and from his role as Chair of the Audit Committee. Mr. Holman was formerly a 27-year partner with the public accounting firm Ernst & Young LLP His most recent position with Ernst & Young was in the National Office in New York City where he served for eight years as the Americas Director of Accounting Standards.

ZAIS Financial Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

ZAIS Financial Corp. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company's total interest income was USD 10,267,875 compared to USD 8,773,339 a year ago. The increase was due to having a fully ramped and levered portfolio in 2014, primarily allocated to residential mortgage loans held for investment. Net interest income was USD 5,820,345 compared to USD 5,682,774 a year ago. Net loss before income taxes was USD 634,058 compared to net profit before income taxes of USD 9,000,455 a year ago. Net income after income taxes was USD 216,938 compared to USD 9,000,455 a year ago. The decrease was largely attributable to a decrease in other gains /(losses) of USD 9.0 million and a USD 5.5 million increase in operating expenses, USD 4.6 million of which relates to GMFS’s operating expenses, partially offset by an increase in noninterest income of USD 4.7 million, a USD 0.9 million increase in income tax benefit and a USD 0.1 million increase in net interest income. Net income attributable to the company common stockholders was USD 194,337 or USD 0.02 per diluted share compared to USD 8,062,847 or USD 0.98 per diluted share a year ago. Non-GAAP core earnings were USD 4,106,531 or USD 0.46 per diluted share compared to USD 2,967,318 or USD 0.31 per diluted share a year ago. For the year, the company's total interest income was USD 41,592,747 compared to USD 26,418,327 a year ago. Net interest income was USD 24,333,202 compared to USD 19,323,808 a year ago. Net profit before income taxes was USD 29,000,734 compared to USD 7,553,465 a year ago. Net income after income taxes was USD 29,851,730 compared to USD 7,553,465 a year ago. Net income attributable to the company common stockholders was USD 26,741,970 or USD 3.08 per diluted share compared to USD 6,657,728 or USD 0.92 per diluted share a year ago. Non-GAAP core earnings were USD 11,865,643 or USD 1.33 per diluted share compared to USD 9,719,719 or USD 1.16 per diluted share a year ago. At December 31, 2014, the Company’s book value was USD 21.73 per share of common stock and OP unit, compared with USD 22.11 as of September 30, 2014.

 

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ZFC Competitors

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Company Last Change
Bimini Capital Management Inc $2.00 USD 0.00
BRT Realty Trust $6.87 USD -0.09
Dynex Capital Inc $8.02 USD +0.02
Orchid Island Capital Inc $13.79 USD -0.02
Owens Realty Mortgage Inc $13.29 USD -0.19
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Industry Analysis

ZFC

Industry Average

Valuation ZFC Industry Range
Price/Earnings 6.9x
Price/Sales 2.7x
Price/Book 0.8x
Price/Cash Flow 5.1x
TEV/Sales NM Not Meaningful
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