EverBank Financial Corp. (EVER) Upgraded at Zacks Investment Research
According to Zacks, “EverBank Financial Corp is a diversified financial services company engaged in providing banking, lending and investing products and services. It originates, invests in, sells and services residential mortgage loans, equipment leases and various other consumer and commercial loans. EverBank has three operating business segments: Banking and Wealth Management, Mortgage Banking and Corporate Services. Its Banking and Wealth Management segment primarily includes earnings generated by and activities related to deposit and investment products and services and portfolio lending and leasing activities. The Mortgage Banking segment primarily consists of activities related to the origination and servicing of residential mortgage loans. It provides services to customers through websites, over the phone, through the mail and through financial centers. EverBank Financial Corp is based in Jacksonville, Florida. “
A number of other equities analysts also recently weighed in on the company. Wells Fargo & Co. downgraded EverBank Financial Corp. from an outperform rating to a market perform rating in a research report on Monday, July 11th. Sandler O’Neill downgraded EverBank Financial Corp. from a buy rating to a hold rating in a research report on Tuesday, July 26th. Raymond James Financial Inc. downgraded EverBank Financial Corp. from an outperform rating to a market perform rating in a research report on Wednesday, July 27th. Compass Point downgraded EverBank Financial Corp. from a buy rating to a neutral rating and set a $19.50 price target for the company. in a research report on Wednesday, July 27th. Finally, Maxim Group downgraded EverBank Financial Corp. from a buy rating to a hold rating in a research report on Tuesday, August 9th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $18.11.
EverBank Financial Corp. (NYSE:EVER) opened at 19.36 on Tuesday. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 21.51 and a beta of 0.69. EverBank Financial Corp. has a 12 month low of $12.32 and a 12 month high of $21.18. The company’s 50-day moving average is $19.21 and its 200-day moving average is $16.33.
EverBank Financial Corp. (NYSE:EVER) last posted its earnings results on Tuesday, July 26th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by $0.04. EverBank Financial Corp. had a return on equity of 9.53% and a net margin of 11.41%. The business had revenue of $196.61 million for the quarter, compared to the consensus estimate of $236.66 million. During the same period in the previous year, the company posted $0.35 earnings per share. EverBank Financial Corp.’s revenue for the quarter was down 22.2% compared to the same quarter last year. On average, equities research analysts anticipate that EverBank Financial Corp. will post $1.18 earnings per share for the current year.
In other EverBank Financial Corp. news, Director Robert J. Mylod, Jr. sold 5,000 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $17.95, for a total transaction of $89,750.00. Following the completion of the sale, the director now owns 511,915 shares of the company’s stock, valued at approximately $9,188,874.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert J. Mylod, Jr. sold 35,000 shares of the firm’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $17.00, for a total value of $595,000.00. Following the sale, the director now directly owns 516,915 shares of the company’s stock, valued at approximately $8,787,555. The disclosure for this sale can be found here. Company insiders own 21.03% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in EverBank Financial Corp. during the fourth quarter valued at $10,771,000. Ramsey Quantitative Systems boosted its position in EverBank Financial Corp. by 5.5% in the first quarter. Ramsey Quantitative Systems now owns 36,538 shares of the company’s stock valued at $551,000 after buying an additional 1,895 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in EverBank Financial Corp. by 9.5% in the first quarter. TIAA CREF Investment Management LLC now owns 423,152 shares of the company’s stock valued at $6,385,000 after buying an additional 36,581 shares during the last quarter. Teachers Advisors Inc. boosted its position in EverBank Financial Corp. by 1.3% in the first quarter. Teachers Advisors Inc. now owns 141,552 shares of the company’s stock valued at $2,136,000 after buying an additional 1,772 shares during the last quarter. Finally, Prudential Financial Inc. purchased a new position in EverBank Financial Corp. during the first quarter valued at $2,512,000. 82.46% of the stock is owned by institutional investors and hedge funds.
About EverBank Financial Corp.
EverBank Financial Corp is a unitary savings and loan holding company. The Company is a financial services company that provides a range of financial products and services to individuals, as well as small and mid-size business clients nationwide. It operates through three segments: Consumer Banking, Commercial Banking and Corporate Services.
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