Zacks Investment Research cut shares of EverBank Financial Corp. (NYSE:EVER) from a hold rating to a sell rating in a report published on Tuesday morning.

According to Zacks, “EverBank Financial Corp is a diversified financial services company engaged in providing banking, lending and investing products and services. It originates, invests in, sells and services residential mortgage loans, equipment leases and various other consumer and commercial loans. EverBank has three operating business segments: Banking and Wealth Management, Mortgage Banking and Corporate Services. Its Banking and Wealth Management segment primarily includes earnings generated by and activities related to deposit and investment products and services and portfolio lending and leasing activities. The Mortgage Banking segment primarily consists of activities related to the origination and servicing of residential mortgage loans. It provides services to customers through websites, over the phone, through the mail and through financial centers. EverBank Financial Corp is based in Jacksonville, Florida. “

A number of other research firms have also commented on EVER. Compass Point lowered EverBank Financial Corp. from a buy rating to a neutral rating and set a $19.50 price objective on the stock. in a research note on Wednesday, July 27th. Wells Fargo & Co. lowered EverBank Financial Corp. from an outperform rating to a market perform rating in a research note on Monday, July 11th. Sandler O’Neill raised EverBank Financial Corp. from a hold rating to a buy rating in a research note on Wednesday, May 18th. Maxim Group lowered EverBank Financial Corp. from a buy rating to a hold rating in a research note on Tuesday, August 9th. Finally, Raymond James Financial Inc. lowered EverBank Financial Corp. from an outperform rating to a market perform rating in a research note on Wednesday, July 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. EverBank Financial Corp. currently has a consensus rating of Hold and an average price target of $18.11.

EverBank Financial Corp. (NYSE:EVER) opened at 19.20 on Tuesday. The company has a market capitalization of $2.41 billion, a PE ratio of 21.33 and a beta of 0.69. The stock’s 50 day moving average is $18.92 and its 200 day moving average is $15.86. EverBank Financial Corp. has a 52 week low of $12.32 and a 52 week high of $21.18.

EverBank Financial Corp. (NYSE:EVER) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.04. The firm had revenue of $196.61 million for the quarter, compared to the consensus estimate of $236.66 million. EverBank Financial Corp. had a return on equity of 9.53% and a net margin of 11.41%. The business’s revenue for the quarter was down 22.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 earnings per share. Analysts predict that EverBank Financial Corp. will post $1.18 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 22nd. Stockholders of record on Thursday, August 11th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Tuesday, August 9th. EverBank Financial Corp.’s payout ratio is 26.67%.

In other news, Director Robert J. Mylod, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $19.18, for a total transaction of $95,900.00. Following the transaction, the director now directly owns 506,915 shares of the company’s stock, valued at $9,722,629.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert J. Mylod, Jr. sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $17.00, for a total value of $595,000.00. Following the transaction, the director now directly owns 516,915 shares in the company, valued at $8,787,555. The disclosure for this sale can be found here. Insiders own 21.03% of the company’s stock.

Several institutional investors have recently modified their holdings of EVER. Victory Capital Management Inc. raised its position in shares of EverBank Financial Corp. by 77.3% in the second quarter. Victory Capital Management Inc. now owns 6,829 shares of the company’s stock worth $101,000 after buying an additional 2,977 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in shares of EverBank Financial Corp. during the second quarter worth $117,000. BNP Paribas Arbitrage SA raised its position in shares of EverBank Financial Corp. by 328.4% in the second quarter. BNP Paribas Arbitrage SA now owns 8,516 shares of the company’s stock worth $127,000 after buying an additional 6,528 shares during the last quarter. LaSalle Street Capital Management LLC purchased a new position in shares of EverBank Financial Corp. during the second quarter worth $153,000. Finally, Royal London Asset Management Ltd. purchased a new position in shares of EverBank Financial Corp. during the second quarter worth $160,000. 82.52% of the stock is currently owned by institutional investors.

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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