FBR & Co (NASDAQ:FBRC) has received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Analysts have set a 1-year consensus target price of $18.00 for the company and are anticipating that the company will post ($0.08) EPS for the current quarter, according to Zacks. Zacks has also given FBR & Co an industry rank of 80 out of 265 based on the ratings given to related companies.
A number of research firms have issued reports on FBRC. Zacks Investment Research raised FBR & Co from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 22nd. TheStreet downgraded FBR & Co from a “hold” rating to a “sell” rating in a research report on Wednesday, August 17th.
Shares of FBR & Co (NASDAQ:FBRC) opened at 13.24 on Wednesday. The company’s 50 day moving average price is $13.77 and its 200 day moving average price is $16.45. FBR & Co has a 12 month low of $13.03 and a 12 month high of $22.37. The company’s market capitalization is $91.70 million.
FBR & Co (NASDAQ:FBRC) last released its earnings results on Thursday, July 14th. The company reported ($1.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by $1.19. FBR & Co had a negative return on equity of 10.74% and a negative net margin of 23.07%. The firm earned $20.90 million during the quarter. Analysts expect that FBR & Co will post ($1.45) EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in FBRC. Teachers Advisors Inc. bought a new position in shares of FBR & Co during the second quarter valued at $148,000. California State Teachers Retirement System bought a new position in shares of FBR & Co during the second quarter valued at $196,000. Renaissance Technologies LLC bought a new position in shares of FBR & Co during the first quarter valued at $203,000. Nationwide Fund Advisors bought a new position in shares of FBR & Co during the second quarter valued at $204,000. Finally, BlackRock Investment Management LLC boosted its position in shares of FBR & Co by 2,589.8% in the second quarter. BlackRock Investment Management LLC now owns 25,580 shares of the company’s stock valued at $382,000 after buying an additional 24,629 shares during the period. Institutional investors own 72.88% of the company’s stock.
FBR & Co Company Profile
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