Shares of BBX Capital Corp (NYSE:BBX) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.
Brokerages have set a twelve-month consensus price objective of $16.00 for the company, according to Zacks. Zacks has also given BBX Capital an industry rank of 225 out of 255 based on the ratings given to related companies.
A number of analysts recently weighed in on the company. Zacks Investment Research downgraded BBX Capital from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. B. Riley cut their price target on shares of BBX Capital from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Monday, October 15th.
BBX stock opened at $6.15 on Monday. The company has a market cap of $597.98 million, a price-to-earnings ratio of 8.54 and a beta of 1.88. BBX Capital has a 52-week low of $5.54 and a 52-week high of $10.17. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.21.
BBX Capital (NYSE:BBX) last posted its quarterly earnings data on Friday, August 3rd. The financial services provider reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.21. The business had revenue of $194.94 million during the quarter, compared to the consensus estimate of $255.16 million. BBX Capital had a return on equity of 6.11% and a net margin of 7.74%. On average, equities analysts forecast that BBX Capital will post 0.24 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 19th. Shareholders of record on Friday, September 28th were given a dividend of $0.01 per share. The ex-dividend date was Thursday, September 27th. This represents a $0.04 dividend on an annualized basis and a yield of 0.65%. BBX Capital’s dividend payout ratio (DPR) is currently 5.56%.
Institutional investors and hedge funds have recently modified their holdings of the business. Gator Capital Management LLC boosted its position in shares of BBX Capital by 2.8% during the 3rd quarter. Gator Capital Management LLC now owns 394,872 shares of the financial services provider’s stock worth $2,930,000 after purchasing an additional 10,871 shares in the last quarter. Engineers Gate Manager LP boosted its position in shares of BBX Capital by 26.8% during the 3rd quarter. Engineers Gate Manager LP now owns 42,457 shares of the financial services provider’s stock worth $315,000 after purchasing an additional 8,985 shares in the last quarter. TCW Group Inc. boosted its position in shares of BBX Capital by 66.8% during the 3rd quarter. TCW Group Inc. now owns 1,182,410 shares of the financial services provider’s stock worth $8,773,000 after purchasing an additional 473,390 shares in the last quarter. First Trust Advisors LP bought a new position in shares of BBX Capital during the 3rd quarter worth about $729,000. Finally, Northern Trust Corp boosted its position in shares of BBX Capital by 312.5% during the 2nd quarter. Northern Trust Corp now owns 738,148 shares of the financial services provider’s stock worth $6,665,000 after purchasing an additional 559,185 shares in the last quarter. 32.17% of the stock is currently owned by institutional investors and hedge funds.
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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