First United Bank & Trust Has $500,000 Holdings in Nexstar Media Group, Inc. $NXST

First United Bank & Trust increased its position in shares of Nexstar Media Group, Inc. (NASDAQ:NXST) by 2,309.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,530 shares of the company’s stock after buying an additional 2,425 shares during the period. First United Bank & Trust’s holdings in Nexstar Media Group were worth $500,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. IFP Advisors Inc grew its holdings in Nexstar Media Group by 375.0% during the 2nd quarter. IFP Advisors Inc now owns 152 shares of the company’s stock worth $26,000 after acquiring an additional 120 shares during the period. Allworth Financial LP boosted its position in shares of Nexstar Media Group by 617.2% during the 2nd quarter. Allworth Financial LP now owns 208 shares of the company’s stock valued at $36,000 after purchasing an additional 179 shares in the last quarter. LRI Investments LLC acquired a new stake in Nexstar Media Group during the second quarter worth approximately $43,000. Caldwell Trust Co bought a new stake in Nexstar Media Group in the second quarter worth approximately $44,000. Finally, First Horizon Corp acquired a new position in Nexstar Media Group in the third quarter valued at approximately $44,000. Institutional investors own 95.30% of the company’s stock.

Analyst Ratings Changes

NXST has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Nexstar Media Group in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Nexstar Media Group from $229.00 to $225.00 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. Finally, Citigroup decreased their price target on shares of Nexstar Media Group from $218.00 to $204.00 and set a “neutral” rating for the company in a research note on Tuesday, November 25th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Nexstar Media Group currently has a consensus rating of “Moderate Buy” and an average price target of $222.38.

Nexstar Media Group Stock Performance

NASDAQ NXST opened at $210.83 on Tuesday. The company has a market cap of $6.39 billion, a P/E ratio of 13.07, a PEG ratio of 0.79 and a beta of 0.84. The company has a fifty day simple moving average of $197.30 and a 200 day simple moving average of $195.77. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 2.76. Nexstar Media Group, Inc. has a 12-month low of $141.66 and a 12-month high of $223.36.

Nexstar Media Group (NASDAQ:NXST) last released its quarterly earnings data on Thursday, November 6th. The company reported $2.14 earnings per share for the quarter, missing the consensus estimate of $2.62 by ($0.48). Nexstar Media Group had a return on equity of 22.99% and a net margin of 10.02%.The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the company posted $5.27 EPS. The business’s quarterly revenue was down 12.3% on a year-over-year basis. Sell-side analysts predict that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current fiscal year.

Nexstar Media Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were given a $1.86 dividend. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $7.44 annualized dividend and a yield of 3.5%. Nexstar Media Group’s dividend payout ratio (DPR) is presently 46.13%.

Nexstar Media Group Profile

Nexstar Media Group, Inc is a diversified American media company engaged primarily in the ownership, operation and strategic affiliation of local television stations, digital platforms and cable networks. The company provides a range of broadcast content, including local news, sports coverage, entertainment programming and syndicated shows, reaching audiences in more than 100 television markets across the United States.

Founded in 1996 by entrepreneur Perry Sook and headquartered in Irving, Texas, Nexstar has built its presence through organic growth and a series of high-profile acquisitions.