Profit Investment Management LLC Has $1,646,000 Stake in EverBank Financial Corp. (EVER)
Profit Investment Management LLC maintained its position in shares of EverBank Financial Corp. (NYSE:EVER) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 85,021 shares of the company’s stock at the end of the third quarter. EverBank Financial Corp. accounts for about 1.6% of Profit Investment Management LLC’s holdings, making the stock its 17th largest position. Profit Investment Management LLC owned about 0.07% of EverBank Financial Corp. worth $1,646,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of EverBank Financial Corp. by 3.3% in the second quarter. Vanguard Group Inc. now owns 6,721,002 shares of the company’s stock worth $99,874,000 after buying an additional 213,360 shares during the last quarter. FMR LLC increased its position in EverBank Financial Corp. by 13.9% in the second quarter. FMR LLC now owns 6,081,089 shares of the company’s stock valued at $90,365,000 after buying an additional 740,031 shares in the last quarter. Dimensional Fund Advisors LP increased its position in EverBank Financial Corp. by 7.0% in the second quarter. Dimensional Fund Advisors LP now owns 3,171,425 shares of the company’s stock valued at $47,124,000 after buying an additional 208,636 shares in the last quarter. BlackRock Fund Advisors increased its position in EverBank Financial Corp. by 7.7% in the second quarter. BlackRock Fund Advisors now owns 2,480,702 shares of the company’s stock valued at $36,863,000 after buying an additional 176,996 shares in the last quarter. Finally, State Street Corp increased its position in EverBank Financial Corp. by 1.1% in the second quarter. State Street Corp now owns 1,625,976 shares of the company’s stock valued at $24,163,000 after buying an additional 17,929 shares in the last quarter. Hedge funds and other institutional investors own 83.03% of the company’s stock.
Shares of EverBank Financial Corp. (NYSE:EVER) traded up 0.10% during midday trading on Monday, hitting $19.35. 1,238,517 shares of the stock were exchanged. EverBank Financial Corp. has a 12-month low of $12.32 and a 12-month high of $19.47. The firm has a 50-day moving average price of $19.33 and a 200-day moving average price of $17.67. The company has a market cap of $2.43 billion, a PE ratio of 20.16 and a beta of 0.69.
EverBank Financial Corp. (NYSE:EVER) last issued its earnings results on Friday, October 28th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. The company had revenue of $233 million for the quarter, compared to analyst estimates of $239.85 million. EverBank Financial Corp. had a net margin of 11.72% and a return on equity of 10.61%. During the same quarter last year, the firm earned $0.23 EPS. On average, equities analysts predict that EverBank Financial Corp. will post $1.06 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 22nd. Stockholders of record on Thursday, November 10th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Tuesday, November 8th. EverBank Financial Corp.’s dividend payout ratio (DPR) is presently 25.00%.
Several research firms have issued reports on EVER. Maxim Group downgraded shares of EverBank Financial Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th. Zacks Investment Research downgraded shares of EverBank Financial Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, September 13th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $17.57.
In related news, insider John S. Surface sold 421,222 shares of the stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $19.31, for a total value of $8,133,796.82. Following the sale, the insider now directly owns 308,736 shares in the company, valued at approximately $5,961,692.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert J. Mylod, Jr. sold 5,000 shares of the stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $19.18, for a total transaction of $95,900.00. Following the completion of the sale, the director now owns 506,915 shares in the company, valued at $9,722,629.70. The disclosure for this sale can be found here. 21.03% of the stock is currently owned by insiders.
EverBank Financial Corp. Company Profile
EverBank Financial Corp is a unitary savings and loan holding company. The Company is a financial services company that provides a range of financial products and services to individuals, as well as small and mid-size business clients nationwide. It operates through three segments: Consumer Banking, Commercial Banking and Corporate Services.
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