Square 1 Financial’s (SQBK) Market Perform Rating Reiterated at Keefe, Bruyette & Woods
Square 1 Financial Inc (NASDAQ:SQBK)‘s stock had its “market perform” rating restated by research analysts at Keefe, Bruyette & Woods in a research note issued on Friday.
A number of other equities research analysts have also recently weighed in on SQBK. Compass Point restated a “buy” rating and issued a $14.00 price target (up previously from $13.00) on shares of Square 1 Financial in a report on Thursday, August 4th. Barclays PLC reaffirmed an “overweight” rating and issued a $15.00 target price on shares of Square 1 Financial in a research note on Thursday, August 4th. BTIG Research reaffirmed a “buy” rating and issued a $12.00 target price on shares of Square 1 Financial in a research note on Thursday, August 4th. Canaccord Genuity reaffirmed a “hold” rating and issued a $14.00 target price (up previously from $13.00) on shares of Square 1 Financial in a research note on Thursday, August 4th. Finally, Craig Hallum reaffirmed a “hold” rating on shares of Square 1 Financial in a research note on Wednesday, June 15th. Thirteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Square 1 Financial presently has an average rating of “Hold” and an average target price of $13.00.
Shares of Square 1 Financial (NASDAQ:SQBK) opened at 26.32 on Friday. The stock has a 50 day moving average price of $25.42 and a 200-day moving average price of $26.53. Square 1 Financial has a 52 week low of $16.92 and a 52 week high of $28.75.
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An institutional investor recently bought a new position in Square 1 Financial stock. Eagle Asset Management Inc. bought a new stake in Square 1 Financial Inc (NASDAQ:SQBK) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 100,000 shares of the financial services provider’s stock, valued at approximately $1,309,000.
Square 1 Financial Company Profile
Square 1 Financial, Inc is a financial services company. The Company is a bank holding company for Square 1 Bank. Through Square 1 Bank, the Company offers a range of banking and financial products and services throughout the United States, focused on the entrepreneurial community and venture capital and private equity firms.
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