Insider Buying: FBR & Co. EVP Acquires 2,000 Shares of Stock (FBRC)
FBR & Co. (NASDAQ:FBRC) EVP Adam J. Fishman bought 2,000 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was purchased at an average cost of $25.76 per share, with a total value of $51,520.00. Following the completion of the acquisition, the executive vice president now directly owns 168,032 shares in the company, valued at approximately $4,328,504. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Separately, analysts at Barrington Research initiated coverage on shares of FBR & Co. in a research note on Monday, March 31st. They set an “outperform” rating and a $32.00 price target on the stock.
Shares of FBR & Co. (NASDAQ:FBRC) traded down 0.15% on Wednesday, hitting $26.15. The stock had a trading volume of 39,242 shares. FBR & Co. has a 52-week low of $23.02 and a 52-week high of $33.45. The stock’s 50-day moving average is $25.87 and its 200-day moving average is $26.20. The company has a market cap of $272.2 million and a price-to-earnings ratio of 5.24.
FBR & Co. (NASDAQ:FBRC) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.06. On average, analysts predict that FBR & Co. will post $1.91 earnings per share for the current fiscal year.
FBR & Co, formerly FBR Capital Markets Corporation, is a full-service investment banking, institutional brokerage and asset management company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.