BBX Capital Co. (NYSE:BBX) – Research analysts at B. Riley upped their Q1 2018 earnings estimates for BBX Capital in a report released on Thursday, March 15th, Zacks Investment Research reports. B. Riley analyst M. Crawford now forecasts that the financial services provider will earn $0.10 per share for the quarter, up from their prior estimate of $0.09. B. Riley has a “Buy” rating and a $14.50 price target on the stock. B. Riley also issued estimates for BBX Capital’s Q2 2018 earnings at $0.15 EPS, Q4 2018 earnings at $0.11 EPS, FY2018 earnings at $0.47 EPS, Q1 2019 earnings at $0.11 EPS, Q2 2019 earnings at $0.16 EPS, Q3 2019 earnings at $0.20 EPS, Q4 2019 earnings at $0.15 EPS and FY2019 earnings at $0.62 EPS.
Separately, Zacks Investment Research raised shares of BBX Capital from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Monday, March 12th.
BBX stock traded down $0.08 during trading on Friday, hitting $9.20. The stock had a trading volume of 267,967 shares, compared to its average volume of 298,381. BBX Capital has a 1-year low of $5.87 and a 1-year high of $9.39. The company has a market capitalization of $953.98, a price-to-earnings ratio of 21.40 and a beta of 1.85. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.21.
BBX Capital (NYSE:BBX) last announced its earnings results on Thursday, March 8th. The financial services provider reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.08. BBX Capital had a net margin of 10.08% and a return on equity of 7.99%. The firm had revenue of $214.75 million during the quarter, compared to the consensus estimate of $223.22 million.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 20th. Investors of record on Monday, March 26th will be paid a $0.01 dividend. This is an increase from BBX Capital’s previous quarterly dividend of $0.01. The ex-dividend date is Friday, March 23rd. This represents a $0.04 annualized dividend and a yield of 0.43%. BBX Capital’s payout ratio is presently 5.56%.
In other news, Director Oscar Holzmann sold 18,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $8.58, for a total transaction of $154,440.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 81.80% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. UBS Asset Management Americas Inc. acquired a new position in shares of BBX Capital during the 4th quarter valued at about $118,000. Brown Advisory Securities LLC acquired a new position in shares of BBX Capital during the 4th quarter valued at about $122,000. Ellington Management Group LLC acquired a new position in shares of BBX Capital during the 4th quarter valued at about $149,000. Teacher Retirement System of Texas acquired a new position in shares of BBX Capital during the 4th quarter valued at about $180,000. Finally, Citadel Advisors LLC acquired a new position in shares of BBX Capital during the 4th quarter valued at about $220,000. 21.78% of the stock is owned by institutional investors.
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About BBX Capital
BBX Capital Corporation, formerly known as BFC Financial Corporation, is a private equity and venture capital firm specializing in investments and acquisitions of middle market companies. The firm also invests in mergers and acquisition, add-on acquisitions, divestiture, taking public companies private and private companies public, leveraged buyout, partnership, recapitalization, and restructuring.
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