Pinnacle Bankshares Corp. (OTCMKTS:PPBN – Get Free Report)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $40.96 and traded as high as $45.0990. Pinnacle Bankshares shares last traded at $44.80, with a volume of 1,800 shares. Get Pinnacle Bankshares alerts: Pinnacle Bankshares Trading Down 0.4%The company has a market capitalization of $99.90 million, a P/E ratio of 9.26 and a beta of 0.30. The stock’s fifty day moving average is ...

Core Points - Ellington Financial Inc. announced an estimated book value per share of common stock of $13.25 as of October 31, 2025, which includes the effect of a previously announced monthly dividend of $0.13 per share [1] - The monthly dividend of $0.13 per share is scheduled to be paid on November 28, 2025, to stockholders of record as of October 31, 2025 [1][8] - The estimated book value is subject to change upon completion of month-end and quarter-end valuation procedures [2] Financial Performance - For the quarter ended September 30, 2025, Ellington Financial reported net income attributable to common stockholders of $29.5 million, or $0.29 per common share [9] - The investment portfolio contributed $46.9 million, or $0.46 per common share, while the credit strategy contributed $42.4 million, or $0.42 per common share [9] - The Agency strategy generated $4.5 million, or $0.04 per common share [9] Company Overview - Ellington Financial invests in a diverse array of financial assets, including residential and commercial mortgage loans, mortgage-backed securities, and consumer loans [5] - The company is externally managed and advised by Ellington Financial Management LLC, an affiliate of Ellington Management Group, L.L.C. [6]

Core Insights - Mortgage rates have decreased to 6.26%, the lowest since October 2024, driven by a decline in U.S. Treasury yields and a Federal Reserve rate cut [1][11] - The reduction in mortgage rates has led to a significant increase in mortgage loan application volume by 43% and a 58% rise in refinancing activity [2] - The favorable environment for mortgage rates is expected to benefit mortgage REITs (mREITs) such as Ellington Financial, Annaly Capital Management, and Orchid Island Capital [3][4] Mortgage Market Trends - The Federal Reserve's indication of two additional rate cuts by the end of 2025 suggests further declines in mortgage rates, which will likely enhance mREIT profitability and asset prices [4] - As net interest spreads expand, mREITs are positioned for stronger profitability and increased dividend payouts, appealing to income-focused investors [5] Company-Specific Insights Ellington Financial (EFC) - EFC is diversified across residential and commercial mortgage loans, contributing to stable growth and income [6][7] - The company employs dynamic hedging strategies and maintains a balanced portfolio to navigate market volatility [8] - EFC's 2025 earnings estimates remain at $1.74 per share, reflecting a year-over-year growth of 19.2% [9] Annaly Capital Management (NLY) - NLY manages an $89.5 billion portfolio, focusing on diversified investment strategies to reduce volatility and enhance risk-adjusted returns [12][13] - The company's net interest income (NII) surged to $493.2 million in the first half of 2025, up from $47.1 million year-over-year, positioning it for book value gains [14] - NLY's 2025 earnings estimates are stable at $2.89 per share, indicating a year-over-year growth of 7% [15] Orchid Island Capital (ORC) - ORC focuses on Agency residential mortgage-backed securities (RMBS), targeting traditional and structured Agency RMBS [18][19] - The company's NII increased to $42.9 million in the first half of 2025, with expectations for further improvement due to favorable mortgage rates [21] - ORC's 2025 earnings estimates remain at 63 cents per share, reflecting a substantial year-over-year increase of 450% [21]