BlackRock Fund Advisors cut its stake in EverBank Financial Corp. (NYSE:EVER) by 2.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,303,706 shares of the company’s stock after selling 49,875 shares during the period. BlackRock Fund Advisors owned about 1.84% of EverBank Financial Corp. worth $34,763,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Ramsey Quantitative Systems boosted its stake in EverBank Financial Corp. by 5.5% in the first quarter. Ramsey Quantitative Systems now owns 36,538 shares of the company’s stock valued at $551,000 after buying an additional 1,895 shares during the period. BlackRock Inc. boosted its stake in EverBank Financial Corp. by 5.6% in the first quarter. BlackRock Inc. now owns 57,226 shares of the company’s stock valued at $863,000 after buying an additional 3,012 shares during the period. Buckhead Capital Management LLC boosted its stake in EverBank Financial Corp. by 0.7% in the fourth quarter. Buckhead Capital Management LLC now owns 69,826 shares of the company’s stock valued at $1,116,000 after buying an additional 515 shares during the period. Bank of Montreal Can boosted its stake in EverBank Financial Corp. by 15.3% in the fourth quarter. Bank of Montreal Can now owns 71,357 shares of the company’s stock valued at $1,140,000 after buying an additional 9,446 shares during the period. Finally, Russell Frank Co boosted its stake in EverBank Financial Corp. by 178.3% in the fourth quarter. Russell Frank Co now owns 79,914 shares of the company’s stock valued at $1,293,000 after buying an additional 51,204 shares during the period.
EverBank Financial Corp. (NYSE:EVER) traded up 3.82% during trading on Tuesday, hitting $18.23. The stock had a trading volume of 5,563,999 shares. The stock has a market capitalization of $2.28 billion and a PE ratio of 17.21. EverBank Financial Corp. has a 52-week low of $12.32 and a 52-week high of $21.18. The stock’s 50-day moving average is $15.25 and its 200-day moving average is $14.49.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 22nd. Investors of record on Thursday, August 11th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.32%. The ex-dividend date is Tuesday, August 9th.
Several research firms recently weighed in on EVER. Raymond James Financial Inc. cut shares of EverBank Financial Corp. from a “strong-buy” rating to an “outperform” rating and set a $17.00 price target on the stock. in a report on Thursday, April 28th. Zacks Investment Research upgraded shares of EverBank Financial Corp. from a “sell” rating to a “hold” rating in a report on Friday, June 3rd. Compass Point upgraded shares of EverBank Financial Corp. from a “neutral” rating to a “buy” rating and set a $16.50 target price on the stock in a report on Friday, May 13th. They noted that the move was a valuation call. Finally, Sandler O’Neill cut shares of EverBank Financial Corp. from a “buy” rating to a “hold” rating in a report on Tuesday. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $17.78.
In other EverBank Financial Corp. news, Director Gerald S. Armstrong sold 40,000 shares of the stock in a transaction on Monday, May 16th. The stock was sold at an average price of $13.98, for a total transaction of $559,200.00. Following the sale, the director now owns 214,145 shares in the company, valued at approximately $2,993,747.10. The sale was disclosed in a legal filing with the SEC, which is available through this link.
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.
