CapitalSource (CSE) Releases Quarterly Earnings Results
CapitalSource (NYSE:CSE) announced its earnings results on Thursday. The company reported $0.17 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.17, American Banking News reports.
CapitalSource (NYSE:CSE) opened at 14.68 on Thursday. CapitalSource has a 52 week low of $7.71 and a 52 week high of $14.84. The stock has a 50-day moving average of $14.37 and a 200-day moving average of $12.6. The company has a market cap of $2.891 billion and a P/E ratio of 19.50.
A number of research firms have recently commented on CSE. Analysts at Zacks downgraded shares of CapitalSource from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 24th. They now have a $15.10 price target on the stock. On the ratings front, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of CapitalSource in a research note to investors on Wednesday, November 27th. They now have a $14.00 price target on the stock, up previously from $12.00. Finally, analysts at FBR Capital Markets raised their price target on shares of CapitalSource from $13.00 to $13.75 in a research note to investors on Wednesday, October 30th. They now have a “market perform” rating on the stock. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $12.35.
CapitalSource Inc (NYSE:CSE) is a commercial lender, which provides financial products to small and middle market businesses nationwide and provides depository products and services to consumers in southern and central California, through its wholly owned subsidiary, CapitalSource Bank.
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