IMPAC Mortgage (IMH) to Release Quarterly Earnings on Wednesday

IMPAC Mortgage (NYSEAMERICAN:IMH) will announce its earnings results after the market closes on Wednesday, February 21st. Analysts expect the company to announce earnings of $0.24 per share for the quarter.

Shares of IMPAC Mortgage (IMH) opened at $8.44 on Wednesday. IMPAC Mortgage has a 52-week low of $7.84 and a 52-week high of $17.40. The company has a market cap of $166.35, a PE ratio of 5.12 and a beta of 0.24.

In related news, major shareholder Richard H/ Pickup purchased 35,000 shares of the company’s stock in a transaction on Tuesday, December 26th. The shares were bought at an average cost of $10.00 per share, for a total transaction of $350,000.00. Following the transaction, the insider now owns 120,000 shares of the company’s stock, valued at $1,200,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired a total of 139,264 shares of company stock worth $1,404,169 over the last 90 days.

An institutional investor recently raised its position in IMPAC Mortgage stock. State Street Corp increased its holdings in IMPAC Mortgage Holdings, Inc (NYSEAMERICAN:IMH) by 15.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,890 shares of the company’s stock after purchasing an additional 18,349 shares during the quarter. State Street Corp owned 0.66% of IMPAC Mortgage worth $2,071,000 at the end of the most recent quarter.

A number of analysts have commented on IMH shares. TheStreet downgraded shares of IMPAC Mortgage from a “c-” rating to a “d” rating in a research report on Monday, December 11th. BidaskClub downgraded shares of IMPAC Mortgage from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $9.68.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The correct version of this piece of content can be viewed at

IMPAC Mortgage Company Profile

Impac Mortgage Holdings, Inc is an independent residential mortgage lender. The Company operates through three segments: Mortgage Lending, Real Estate Services and Long-Term Mortgage Portfolio. It originates, sells and services conventional, conforming agency and Government insured residential mortgage loans.

Earnings History for IMPAC Mortgage (NYSEAMERICAN:IMH)

Receive News & Ratings for IMPAC Mortgage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IMPAC Mortgage and related companies with's FREE daily email newsletter.

Leave a Reply