Shares of EverBank Financial (EVER) Sees Large Outflow of Money

EverBank Financial (EVER) : The value of composite uptick trades was $0.19 million, whereas, the value of composite downtick trades was $4 million. The uptick to downtick ratio stood at 0.05 with a negative money flow of ($3.82) Million during Tuesdays trading session. The block trades money flow was negative ($3.77 million). The transaction of the trades on downticks amounted to $3.77 million, which confirms investors selling on the strength of price. EverBank Financial (EVER) gained 2 cents at $19.18, an increase of 0.08% over the previous days close.


Also, In the latest statement by the brokerage house, Maxim Group downgrades its outlook on EverBank Financial (NYSE:EVER). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on August 9, 2016.

EverBank Financial Corp. has dropped 0.1% in the last five trading days, however, the shares have posted positive gains of 7.37% in the last 4 weeks. EverBank Financial Corp. is up 25.38% in the last 3-month period. Year-to-Date the stock performance stands at 21.33%.

EverBank Financial (NYSE:EVER): The stock was completely flat for the day, closing at $19.16 on Tuesday. The flat closing masks the intraday volatility in the stock. After opening at $19.17, the stock touched an intraday high of $19.19 and a low of $19.15. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $19.16. The total trading volume on Tuesday was 1,522,650.

In a related news, The Securities and Exchange Commission has divulged that Mylod Robert J Jr, director of Everbank Financial Corp, had unloaded 5,000 shares at an average price of $17.95 in a transaction dated on August 1, 2016. The total value of the transaction was worth $89,750.

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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