Analyst Rating Update on EverBank Financial (EVER)

EverBank Financial (EVER) : 2 brokerage houses believe that EverBank Financial (EVER) is a Strong Buy at current levels. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on EverBank Financial (EVER). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 9 Wall Street Analysts endorse the stock as a Hold with a rating of 2.56.

EverBank Financial (EVER) : The most positive equity analysts on EverBank Financial (EVER) expects the shares to touch $22, whereas, the least positive believes that the stock will trade at $15 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $18.25 with an expected fluctuation of $2.44 from the mean.

Company shares have received an average consensus rating of Hold for the current week Also, In the latest statement by the brokerage house, Raymond James downgrades its outlook on EverBank Financial (NYSE:EVER). The current rating of the shares is Market Perform, according to the research report released by the firm. Previously, the company had a rating of Outperform. The rating by the firm was issued on July 27, 2016.


EverBank Financial (NYSE:EVER): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.56 and $18.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.55, notching a gain of 3.00% for the day. The total traded volume was 3,377,073 . The stock had closed at $18.01 on the previous day.

EverBank Financial Corp is a unitary savings and loan holding company. The Company markets and distributes its banking products and services through its online and mobile financial portal, financial centers in targeted Florida markets and other national business relationships. Its consumer and commercial lending businesses target clients through retail and commercial lending offices in metropolitan markets throughout the country. The Company operates in three segments: Consumer Banking, Commercial Banking and Corporate Services. Its Consumer Banking segment includes consumer deposit services and activities, residential lending and servicing, wealth management and capital markets. The Commercial Banking segment includes commercial deposit services and activities, commercial and commercial real estate lending, lender finance, equipment finance and mortgage warehouse finance. Its Corporate Services segment provides support services to the Consumer and Commercial Banking segments.

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