WBI (NYSE:WBI) Research Coverage Started at Piper Sandler

Piper Sandler assumed coverage on shares of WBI (NYSE:WBI) in a research report report published on Monday morning, MarketBeat.com reports. The brokerage issued an overweight rating and a $37.00 target price on the stock.

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. started coverage on shares of WBI in a research note on Tuesday, August 18th. They issued an “overweight” rating and a $38.00 price target for the company. Raymond James Financial reissued a “strong-buy” rating and set a $40.00 price objective on shares of WBI in a research note on Tuesday, August 18th. Morgan Stanley upped their price objective on shares of WBI from $38.00 to $43.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Weiss Ratings raised shares of WBI from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Finally, Wells Fargo & Company raised their target price on shares of WBI from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $36.75.

WBI Trading Down 1.2%

NYSE WBI opened at $28.11 on Monday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.88. WBI has a twelve month low of $18.64 and a twelve month high of $36.89. The firm has a market capitalization of $3.47 billion and a PE ratio of 351.41. The stock’s 50 day moving average is $31.86 and its 200 day moving average is $30.33.

WBI (NYSE:WBI) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.10 earnings per share for the quarter. The company had revenue of $217.77 million for the quarter. WBI had a return on equity of 0.85% and a net margin of 0.54%. Research analysts forecast that WBI will post 0.37 earnings per share for the current fiscal year.

WBI Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, August 27th. WBI’s payout ratio is currently 250.00%.

WBI Company Profile

WBI Holdings, Inc was a diversified financial services company that operated primarily through its investment management business, WBI Investments. The company provided portfolio management and investment advisory services to individual and institutional clients.

Its offerings included exchange-traded funds, mutual funds and separately managed accounts. WBI’s investment strategies generally emphasized income generation, risk management and preservation of capital across a range of market conditions.

The company was based in Edison, New Jersey, and served investors in the United States through its investment products and advisory relationships.