Guild Holdings Co Stock Price, News & Analysis

Guild Holdings Company (NYSE: GHLD) announced the release of its second-quarter financial results for the period ending June 30, 2021, scheduled for after market close on August 11, 2021. A conference call will be held at 5 p.m. EDT on the same day to discuss these results. Investors can access the live webcast at Guild's Investor Relations website. The company focuses on a relationship-based mortgage sourcing strategy and operates in 32 states across the U.S., emphasizing its commitment to homeownership.

Guild Holdings Company (NYSE: GHLD) reported strong first quarter results for 2021, achieving a net income of $160.6 million versus a loss of $13 million last year. Total in-house originations reached $9.8 billion, reflecting a year-over-year growth of 70%. The company’s adjusted EBITDA rose to $144.3 million, a 76% increase year-over-year. A special cash dividend of $1.00 per share was declared, scheduled for payment on May 28, 2021. Additionally, Guild announced an agreement to acquire Residential Mortgage Services, expected to be accretive to earnings in 2021.

Guild Holdings Company (NYSE: GHLD) has announced a definitive merger agreement to acquire Residential Mortgage Services Holdings, Inc. (RMS) for approximately $196.7 million. This accretive acquisition, expected to close in Q3 2021, aims to enhance Guild's presence in the Northeast and leverage RMS's strong retail market position. The merger will create significant growth opportunities as the combined entity would have ranked as the seventh largest non-bank retail lender based on 2020 loan originations.

Guild Holdings Company (NYSE: GHLD) plans to release its Q1 2021 financial results on May 11, 2021, before market opening. A conference call will be held at 8 a.m. EDT on the same day to discuss these results. Interested participants can access the call via their Investor Relations website or dial in using specific numbers for domestic and international listeners. Guild Holdings continues to focus on its mission of enhancing homeownership across the U.S., having expanded its retail operations to 32 states since its inception in 1960.

Guild Holdings Company (NYSE: GHLD) reported strong financial results for Q4 and FY 2020, achieving record originations of $10.6 billion in Q4 and $35.2 billion for the full year, up over 60% year-over-year. Gain on sale margins increased by 122 basis points, with net income soaring by 6,545% to $370.6 million. However, the servicing segment reported a net loss of $24.5 million, driven by valuation adjustments to mortgage servicing rights. The company retains a solid cash position of $334.6 million and unutilized loan funding capacity of $879 million.

Guild Holdings Company (NYSE: GHLD) will announce its financial results for the fourth quarter and full year ending December 31, 2020, on March 22, 2021, after market close. Management will discuss these results during a webcast and conference call at 5 p.m. EDT on the same day. Guild Holdings, established in 1960, has expanded its mortgage origination operations across 31 states in the U.S., focusing on a relationship-based loan sourcing strategy to enhance homeownership.

Guild Holdings Company (NYSE: GHLD) reported substantial growth in its third-quarter results for 2020. The company achieved a 41% increase in total loan origination volume, reaching $10.0 billion, with a notable 48% rise in gain on sale margins. Net revenue soared 159% year-over-year to $563.5 million, while net income skyrocketed 2043% to $182.1 million. The service segment's losses improved significantly by 81%. Operating cash stood at $252.3 million, with $1.1 billion untapped loan funding capacity.

Guild Holdings Company (NYSE: GHLD) will release its third-quarter results for the period ending September 30, 2020, after the market close on December 2, 2020. A conference call and webcast will follow at 5 p.m. EST on the same day, discussing the financial results. Guild, founded in 1960, is a growth-oriented mortgage company with a relationship-based loan sourcing strategy and operates in 31 states across the U.S.

Guild Holdings Company (NYSE: GHLD) has announced the closing of its initial public offering (IPO) of 6,500,000 shares of Class A common stock at $15.00 per share. The offering was exclusively sold by certain stockholders, with Guild not receiving any proceeds from this sale. The stock began trading on the NYSE on October 22, 2020. The IPO was managed by Wells Fargo Securities, BofA Securities, and J.P. Morgan, alongside other co-managers. Guild, established in 1960, focuses on a relationship-based strategy for residential mortgages across 31 states.