Sterne Agee Downgrades EverBank Financial Corp. to Neutral (EVER)
EverBank Financial Corp. (NASDAQ:EVER) was downgraded by equities researchers at Sterne Agee from a “buy” rating to a “neutral” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports. They currently have a $18.00 price target on the stock. Sterne Agee’s price objective would indicate a potential upside of 1.69% from the stock’s previous close. The analysts noted that the move was a valuation call.
EVER has been the subject of a number of other recent research reports. Analysts at Oppenheimer initiated coverage on shares of EverBank Financial Corp. in a research note to investors on Thursday, December 5th. They set an “outperform” rating and a $21.00 price target on the stock. Separately, analysts at Barclays initiated coverage on shares of EverBank Financial Corp. in a research note to investors on Thursday, November 21st. They set an “overweight” rating and a $21.00 price target on the stock. Finally, analysts at TheStreet upgraded shares of EverBank Financial Corp. from a “sell” rating to a “hold” rating in a research note to investors on Wednesday, November 6th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $17.93.
In other EverBank Financial Corp. news, CEO Robert Clements sold 17,500 shares of the company’s stock on the open market in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $18.23, for a total value of $319,025.00. Following the completion of the sale, the chief executive officer now directly owns 2,119,995 shares in the company, valued at approximately $38,647,509. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
EverBank Financial Corp. (NASDAQ:EVER) traded up 0.06% during mid-day trading on Tuesday, hitting $17.71. 480,508 shares of the company’s stock traded hands. EverBank Financial Corp. has a 52-week low of $12.75 and a 52-week high of $18.97. The stock’s 50-day moving average is $17.87 and its 200-day moving average is $15.91. The company has a market cap of $2.171 billion and a P/E ratio of 16.00.
EverBank Financial Corp. (NASDAQ:EVER) last released its earnings data on Thursday, October 31st. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.01. The company had revenue of $282.00 million for the quarter. The company’s quarterly revenue was up .7% on a year-over-year basis. Analysts expect that EverBank Financial Corp. will post $1.13 EPS for the current fiscal year.
EverBank Financial Corp is an unitary savings and loan holding company. The Company provides a range of financial products and services directly to customers through multiple business channels.
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