B. Riley Initiates Coverage on Bfc Financial (BBX)
B. Riley began coverage on shares of Bfc Financial (NYSE:BBX) in a report issued on Tuesday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $11.75 price objective on the financial services provider’s stock. B. Riley also issued estimates for Bfc Financial’s Q4 2017 earnings at $0.05 EPS, FY2017 earnings at $0.36 EPS, Q1 2018 earnings at $0.11 EPS, Q2 2018 earnings at $0.17 EPS, Q3 2018 earnings at $0.12 EPS, Q4 2018 earnings at $0.09 EPS, FY2018 earnings at $0.48 EPS and FY2019 earnings at $0.57 EPS.
Separately, ValuEngine lowered Bfc Financial from a buy rating to a hold rating in a research note on Monday, October 2nd.
Bfc Financial (NYSE:BBX) opened at $8.16 on Tuesday. Bfc Financial has a 12 month low of $3.81 and a 12 month high of $8.92. The company has a market capitalization of $839.70, a price-to-earnings ratio of 19.98 and a beta of 2.30. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.25.
A hedge fund recently bought a new stake in Bfc Financial stock. Kennedy Capital Management Inc. bought a new position in shares of Bfc Financial Corporation (NYSE:BBX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 771,614 shares of the financial services provider’s stock, valued at approximately $5,077,000. Kennedy Capital Management Inc. owned approximately 0.76% of Bfc Financial at the end of the most recent quarter. Hedge funds and other institutional investors own 26.05% of the company’s stock.
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Bfc Financial Company Profile
BBX Capital Corporation, formerly BFC Financial Corporation, is a diversified holding company. The Company has investments in Bluegreen Corporation (Bluegreen) and Renin Holdings, LLC (Renin), and in real estate and middle market operating companies. Its segments include Bluegreen, BBX Capital Real Estate and Renin.
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