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Stock Split Summer: The 3 Next Companies Investors Should Be Watching
CintasCintas(US:CTAS) Investor Placeยท2024-07-30 17:29

Group 1: MicroStrategy (MSTR) - MicroStrategy has experienced significant gains, soaring over 156% year-to-date due to the recent Bitcoin rebound, indicating strong potential for further growth if the crypto bull market continues [3][4] - The company is planning a 10-for-1 stock split, which is expected to attract more investor interest and is one of the most-watched stock splits this summer, set to be completed on August 7 [11] - Analysts have mixed views on MSTR stock, with a consensus price target around $2,186, but estimates range from as low as $210 to as high as $2,890 [12] Group 2: White River Bancshares (WRIV) - White River Bancshares operates as the bank holding company for Signature Bank of Arkansas and has faced challenges similar to many regional banks following the recent "mini-banking crisis" [6] - The company reported earnings of $1.85 million, or $1.61 per diluted share, for Q2 2024, driven by successful capital raises and net interest margin expansion, and declared an annual cash dividend of $1.00 per share along with a 2-for-1 stock split [7] - WRIV stock is currently trading around 32% below its 2021 highs, but has shown signs of recovery, climbing 6.4% from its trough this year, indicating potential for future growth [14] Group 3: Cintas Corporation (CTAS) - Cintas reported strong fiscal 2024 fourth-quarter results, with revenue increasing 8.2% to $2.47 billion and diluted earnings per share rising 19.8% to $3.99 [16] - For the full fiscal year, revenue grew 8.9% to $9.60 billion, and EPS rose 16.6% to $15.15, showcasing strong business momentum [16] - Cintas is expected to issue a four-to-one stock split, with shares trading around $761 at the time of writing, reflecting the company's significant appreciation of nearly 200% over the past five years [18]