FBR & Co (FBRC) Sets New 1-Year Low at $14.19
FBR & Co (NASDAQ:FBRC)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $14.19 and last traded at $14.21, with a volume of 24,075 shares changing hands. The stock had previously closed at $14.95.
Several equities analysts have weighed in on the company. TheStreet raised FBR & Co from a “sell” rating to a “hold” rating in a report on Tuesday, May 24th. Zacks Investment Research raised FBR & Co from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 13th.
The company has a 50-day moving average price of $15.46 and a 200-day moving average price of $17.48. The company’s market capitalization is $101.22 million.
FBR & Co (NASDAQ:FBRC) last announced its quarterly earnings data on Thursday, July 14th. The company reported ($1.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by $1.19. The company had revenue of $20.90 million for the quarter. On average, equities research analysts anticipate that FBR & Co will post ($0.10) EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Friday, July 29th will be issued a $0.20 dividend. The ex-dividend date is Wednesday, July 27th. This represents a $0.80 dividend on an annualized basis and a yield of 5.76%.
In other news, Director Mark Robert Patterson acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 16th. The stock was bought at an average cost of $16.00 per share, for a total transaction of $80,000.00. Following the acquisition, the director now directly owns 225,042 shares in the company, valued at $3,600,672. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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