Square 1 Financial Coverage Initiated at SunTrust (SQBK)
Equities researchers at SunTrust initiated coverage on shares of Square 1 Financial (NASDAQ:SQBK) in a research report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Separately, analysts at Sandler O’Neill upgraded shares of Square 1 Financial from a “hold” rating to a “buy” rating in a research note on Thursday, July 10th.
Square 1 Financial (NASDAQ:SQBK) opened at 19.36 on Wednesday. Square 1 Financial has a 1-year low of $16.944 and a 1-year high of $20.70. The stock’s 50-day moving average is $18.8 and its 200-day moving average is $19.02. The company has a market cap of $555.2 million and a P/E ratio of 16.57.
Square 1 Financial (NASDAQ:SQBK) last announced its earnings results on Friday, July 25th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.08. Analysts expect that Square 1 Financial will post $1.04 EPS for the current fiscal year.
Square 1 Financial, Inc is a financial services company. The Company is a bank holding company for Square 1 Bank.
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