California Public Employees Retirement System increased its position in shares of EverBank Financial Corp. (NYSE:EVER) by 2.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 232,000 shares of the company’s stock after buying an additional 5,600 shares during the period. California Public Employees Retirement System owned about 0.19% of EverBank Financial Corp. worth $3,448,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of EVER. Daruma Capital Management LLC purchased a new position in EverBank Financial Corp. during the first quarter worth about $15,686,000. Chubb Ltd. purchased a new position in EverBank Financial Corp. during the first quarter worth about $13,184,000. Norges Bank purchased a new position in EverBank Financial Corp. during the fourth quarter worth about $10,771,000. Renaissance Technologies LLC raised its position in EverBank Financial Corp. by 69.3% in the first quarter. Renaissance Technologies LLC now owns 1,385,100 shares of the company’s stock worth $20,901,000 after buying an additional 567,100 shares during the last quarter. Finally, Royal Bank of Canada raised its position in EverBank Financial Corp. by 54.3% in the first quarter. Royal Bank of Canada now owns 1,274,751 shares of the company’s stock worth $19,236,000 after buying an additional 448,574 shares during the last quarter. Institutional investors and hedge funds own 82.46% of the company’s stock.
Shares of EverBank Financial Corp. (NYSE:EVER) traded down 0.21% during midday trading on Friday, reaching $19.28. The company’s stock had a trading volume of 584,218 shares. EverBank Financial Corp. has a 12 month low of $12.32 and a 12 month high of $21.18. The stock has a 50-day moving average of $19.17 and a 200 day moving average of $16.14. The company has a market cap of $2.42 billion, a price-to-earnings ratio of 21.42 and a beta of 0.69.
EverBank Financial Corp. (NYSE:EVER) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.32 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 earned $196.61 million during the quarter, compared to analyst estimates of $236.66 million. During the same period in the prior year, the firm posted $0.35 EPS. EverBank Financial Corp.’s revenue for the quarter was down 22.2% compared to the same quarter last year. On average, analysts predict that EverBank Financial Corp. will post $1.18 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on EVER shares. Zacks Investment Research lowered EverBank Financial Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, September 13th. Raymond James Financial Inc. cut EverBank Financial Corp. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 27th. Maxim Group cut EverBank Financial Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th. Sandler O’Neill cut EverBank Financial Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Finally, Wells Fargo & Co. cut EverBank Financial Corp. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $18.11.
In other news, Director Robert J. Mylod, Jr. sold 5,000 shares of the company’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $19.18, for a total transaction of $95,900.00. Following the transaction, the director now owns 506,915 shares of the company’s stock, valued at $9,722,629.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert J. Mylod, Jr. sold 35,000 shares of the company’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 transaction, the director now directly owns 516,915 shares in the company, valued at approximately $8,787,555. The disclosure for this sale can be found here. Insiders own 21.03% of the company’s stock.
EverBank Financial Corp. Company Profile
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.
Want to see what other hedge funds are holding EVER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EverBank Financial Corp. (NYSE:EVER).
Receive News & Ratings for EverBank Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EverBank Financial Corp. and related companies with MarketBeat.com's FREE daily email newsletter.