Manhattan Bridge Capital Inc. (LOAN) Given $7.38 Average Price Target by Analysts
Manhattan Bridge Capital Inc. (NASDAQ:LOAN) has received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.
Analysts have set a 12 month consensus target price of $7.38 for the company, according to Zacks. Zacks has also given Manhattan Bridge Capital an industry rank of 100 out of 265 based on the ratings given to its competitors.
Separately, Maxim Group began coverage on Manhattan Bridge Capital in a research note on Thursday, December 21st. They issued a “buy” rating and a $7.50 target price for the company.
Shares of Manhattan Bridge Capital (NASDAQ LOAN) remained flat at $$5.79 during trading on Friday. 14,325 shares of the stock traded hands, compared to its average volume of 14,471. The stock has a market capitalization of $46.94, a P/E ratio of 14.46 and a beta of 0.76. Manhattan Bridge Capital has a 1 year low of $4.65 and a 1 year high of $7.65.
Manhattan Bridge Capital (NASDAQ:LOAN) last posted its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. Manhattan Bridge Capital had a return on equity of 14.43% and a net margin of 59.63%. The business had revenue of $1.59 million for the quarter.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.11 per share. This is a boost from Manhattan Bridge Capital’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.44 dividend on an annualized basis and a yield of 7.61%. Manhattan Bridge Capital’s payout ratio is presently 110.00%.
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About Manhattan Bridge Capital
Manhattan Bridge Capital, Inc (MBC) is a real estate finance company that specializes in originating, servicing and managing a portfolio of first mortgage loans. The Company offers short-term, secured, non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation or improvement of properties located in the New York metropolitan area.
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