Which are the 5 buzzing NZX financial stocks?

Highlights

  • The financial sector offers financial services to people and corporations.
  • Heartland Group reported a 20.9% rise in NPAT in FY21.
  • GEN expects NPAT to be between $0.65 million to $0.85 million subject to few conditions for FY22 ended 31 March 2022.

A company or institution engaged in the financial sector provides financial services to industrial and real estate customers. Investment firms, banks, insurance companies, etc., are some industries that form the financial sector.

Source: Copyright © 2021 Kalkine Media

Let’s skim through 5 NZX-listed financial stocks.

Heartland Group Holdings Limited (NZX:HGH, ASX:HGH)

Heartland Group posted an NPAT of $87 million in FY21, up 20.9% on FY20. Heartland’s portfolios have not been affected as much as anticipated earlier from the COVID-19 impact. The Group’s total assets rose by $365 million during FY21.

Related Read: How did Heartland Group (NZX:HGH) perform in its annual results?

The Company is due to pay a final dividend of 7cps in FY21, taking the total dividend to 11cps for the full year due to the easing of COVID-19 restrictions imposed by the RBNZ. The Group expects its NPAT to be between $93 million and $96 million for FY22.

RELATED ARTICLE: What are the examples of NZX-listed financial stocks?

Shares of Heartland were trading flat on Friday, at the time of writing, at $2.28.

Harmoney Corp Limited (NZX:HMY)

Online direct personal lender Heartland posted resilient results despite COVID-19 impact and reported continued improvements across new loan originations, steady group arrears and net lending margins.

FY21 experienced substantial recovery from the COVID-19 impact in H1 in the second half. The renewal is anticipated to propel a strong uplift in revenue and receivables growth in FY22.

Must Read: How are 5 NZX financial stocks faring after RBNZ held OCR at 0.25%?

Shares of Harmoney were trading flat on Friday, at the time of writing, at $2.01.

Enprise Group Limited (NZX:ENS)

Enprise Group, a hi-tech software and services investment firm, revealed its FY21 results on 27 August.

The Group's revenue increased by $3.8 million to $16.1 million in 15 months ended 30 June 2021. Due to losses at its investee business, iSell, Enprise's overall comprehensive income dropped from $1.67 million to $0.83 million.

ENS announced a final dividend of 2.5cps and an EPS of 6.84 cents. The Group has strong growth prospects as it continues to use new cloud technologies.

Related Read: Why are financial services essential? A look at 5 related stocks

Shares of Enprise were trading 5.66% lower in trading on Friday, at the time of writing, at $2.

Pushpay Holdings Limited (NZX:PPHASX:PPH)

Pushpay Holdings appointed Richard Keys as interim Chief Financial Officer (CFO). His tenure will begin from 6 September. The Group also completed the acquisition of 100% of the ownership interests in Resi Media LLC, which was notified to the market on 23 August.

Shares of Pushpay were trading1.08% lower on Friday, at the time of writing, at $1.83.

General Capital Limited (NZX:GEN)

COVID-19 volatilities led to an extraordinary year for the Group as GEN continued on a strong growth path.

The Group expects to generate record profit for the 6 months ended 30 September 2021 due to continued growth in GEN’s balance sheet. GEN expects NPAT to be between $0.65 million to $0.85 million subject to few conditions for FY22 ended 31 March 2022.

Shares of General Capital were trading 5.36% higher on Friday, at the time of writing, at $0.059.

Bottom Line

The financial sector is one of the most influential sectors of the economy that comprises a variety of small businesses.

(NOTE: Currency is reported in NZ Dollar unless stated otherwise)

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