Sandler O’Neill Downgrades EverBank Financial Corp to Hold

Brokerage firm Sandler O’Neill Downgrades its rating on EverBank Financial Corp(NYSE:EVER). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Sandler O’Neill was issued on Jul 26, 2016.

In a different note, On Jul 11, 2016, Wells Fargo said it Downgrades its rating on EverBank Financial Corp. The shares have been rated ‘Market Perform’ by the firm. On May 18, 2016, Sandler O’Neill said it Upgrades its rating on EverBank Financial Corp. The shares have been rated ‘Buy’ by the firm. On May 13, 2016, Compass Point said it Upgrades its rating on EverBank Financial Corp. The shares have been rated ‘Buy’ by the firm. On Apr 28, 2016, Raymond James said it Downgrades its rating on EverBank Financial Corp. The shares have been rated ‘Outperform’ by the firm.

EverBank Financial Corp (EVER) shares turned negative on Fridays trading session with the shares closing down -0.02 points or -0.11% at a volume of 11,54,290. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $18.16. The peak price level was also seen at $18.16 while the days lowest was $17.89. Finally the shares closed at $17.96. The 52-week high of the shares is $21.18 while the 52-week low is $12.32. According to the latest information available, the market cap of the company is $2,251 M.

EverBank Financial Corp(EVER) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $226.08M. Analysts had an estimated revenue of $230.42M. Earnings per share were $0.32. Analysts had estimated an EPS of $0.32.

Several Insider Transactions has been reported to the SEC. On May 18, 2016, Gerald S Armstrong (director) sold 40,000 shares at $13.98 per share price.Also, On Mar 4, 2016, Merrick R Kleeman (director) purchased 25,000 shares at $13.13 per share price.On Dec 3, 2015, Robert J Jr Mylod (director) sold 5,000 shares at $17.14 per share price, according to the Form-4 filing with the securities and exchange commission.

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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