Russell 3000 reshuffle: MITT, ROOT among added, EHTH, BKKT among deleted
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
- Russell 3000 Index Reconstitution:
- On June 26, the Russell 3000 index will see changes with 225 securities being added and 144 securities being removed during the annual reconstitution.
- 2023 Russell Indexes Changes:
- Notable additions to the Russell 3000 Index include AG Mortgage Investment Trust (MITT), Root (ROOT), Federated Hermes (FHI), Medallion Financial (MFIN), and Burford Capital (BUR).
- Notable deletions from the index are eHealth (EHTH), Bakkt (BKKT), Finance of America Companies (FOA), Security National Financial (SNFCA), and Evans Bancorp (EVBN).
Analyst Views on PEBK
About PEBK
Peoples Bancorp of North Carolina, Inc. serves as the holding company for Peoples Bank (the Bank). The Bank is a state-chartered commercial bank. The Bank has a diversified loan portfolio, with no foreign loans and few agricultural loans. It originates commercial real estate loans, commercial loans, construction and land development loans, and residential mortgage loans. The Bank has four subsidiaries: Peoples Investment Services, Inc., Real Estate Advisory Services, Inc., Community Bank Real Estate Solutions, LLC and PB Real Estate Holdings, LLC. Peoples Investment Services, Inc. provides the Bank’s customers with access to investment counseling and non-deposit investment products. Real Estate Advisory Services, Inc. provides real estate appraisal and real estate brokerage services. CBRES serves as a clearinghouse for appraisal services for community banks. PB Real Estate Holdings, LLC acquires, manages, and disposes of real property, other collateral, and assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
