Piper Jaffray (NYSE:PJC) Receiving Somewhat Favorable News Coverage, Report Shows

Press coverage about Piper Jaffray (NYSE:PJC) has trended somewhat positive on Sunday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Piper Jaffray earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 44.4189350733182 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:

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Separately, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $86.00 price objective on shares of Piper Jaffray in a report on Friday, December 22nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $30.93.

PJC traded down $6.15 during trading on Friday, reaching $78.95. 275,951 shares of the stock were exchanged, compared to its average volume of 118,313. The company has a market cap of $1,200.04, a price-to-earnings ratio of 11.12 and a beta of 1.55. Piper Jaffray has a twelve month low of $52.75 and a twelve month high of $99.80. The company has a current ratio of 1.35, a quick ratio of 0.15 and a debt-to-equity ratio of 0.17.

Piper Jaffray (NYSE:PJC) last issued its earnings results on Thursday, February 1st. The financial services provider reported $1.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.35. The business had revenue of $236.08 million for the quarter. Piper Jaffray had a negative net margin of 7.30% and a positive return on equity of 11.58%.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Monday, February 26th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.90%. This is an increase from Piper Jaffray’s previous quarterly dividend of $0.31. The ex-dividend date was Friday, February 23rd.

In other Piper Jaffray news, insider Francis E. Iv Fairman sold 10,000 shares of Piper Jaffray stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $96.13, for a total transaction of $961,300.00. Following the completion of the transaction, the insider now directly owns 51,513 shares of the company’s stock, valued at $4,951,944.69. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Andrew S. Duff sold 50,000 shares of Piper Jaffray stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $93.44, for a total transaction of $4,672,000.00. Following the transaction, the director now directly owns 238,248 shares of the company’s stock, valued at $22,261,893.12. The disclosure for this sale can be found here. 5.36% of the stock is currently owned by insiders.

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Piper Jaffray Company Profile

Piper Jaffray Companies is an investment bank and asset management company. The Company’s segments include Capital Markets and Asset Management. The Capital Markets segment provides investment banking and institutional sales, trading and research services for various equity and fixed income products.

Insider Buying and Selling by Quarter for Piper Jaffray (NYSE:PJC)

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