Shares of BBX Capital Corp (NYSE:BBX) have been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.
Brokers have set a one year consensus price target of $16.50 for the company, according to Zacks. Zacks has also assigned BBX Capital an industry rank of 68 out of 255 based on the ratings given to its competitors.
A number of brokerages have weighed in on BBX. Zacks Investment Research raised shares of BBX Capital from a “sell” rating to a “hold” rating in a report on Wednesday, June 27th. B. Riley reduced their price target on shares of BBX Capital from $15.00 to $14.50 and set a “buy” rating for the company in a report on Thursday, June 28th.
BBX Capital stock traded up $0.01 during mid-day trading on Friday, reaching $6.25. The company had a trading volume of 287,355 shares, compared to its average volume of 335,674. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.23 and a quick ratio of 1.23. BBX Capital has a 52 week low of $6.15 and a 52 week high of $10.17. The company has a market cap of $721.47 million, a PE ratio of 8.68 and a beta of 1.58.
BBX Capital (NYSE:BBX) last issued its quarterly earnings results on Friday, August 3rd. The financial services provider reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.21. BBX Capital had a net margin of 7.74% and a return on equity of 6.11%. The firm had revenue of $194.94 million during the quarter, compared to the consensus estimate of $255.16 million. Analysts expect that BBX Capital will post 0.37 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 19th. Shareholders of record on Friday, September 28th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is Thursday, September 27th. BBX Capital’s dividend payout ratio (DPR) is presently 5.56%.
A number of institutional investors have recently modified their holdings of BBX. BlackRock Inc. lifted its holdings in shares of BBX Capital by 355.4% during the 2nd quarter. BlackRock Inc. now owns 3,911,716 shares of the financial services provider’s stock worth $35,323,000 after acquiring an additional 3,052,693 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of BBX Capital by 161.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,707,600 shares of the financial services provider’s stock worth $15,420,000 after acquiring an additional 1,055,000 shares during the period. Millennium Management LLC lifted its holdings in shares of BBX Capital by 334.4% during the 1st quarter. Millennium Management LLC now owns 911,424 shares of the financial services provider’s stock worth $8,394,000 after acquiring an additional 701,619 shares during the period. Northern Trust Corp lifted its holdings in shares of BBX Capital by 312.5% during the 2nd quarter. Northern Trust Corp now owns 738,148 shares of the financial services provider’s stock worth $6,665,000 after acquiring an additional 559,185 shares during the period. Finally, TCW Group Inc. lifted its holdings in shares of BBX Capital by 135.6% during the 2nd quarter. TCW Group Inc. now owns 709,020 shares of the financial services provider’s stock worth $6,403,000 after acquiring an additional 408,135 shares during the period. 32.19% of the stock is owned by hedge funds and other institutional investors.
BBX Capital Company Profile
BBX Capital Corporation, formerly known as BFC Financial Corporation, is a private equity and venture capital firm specializing in investments and acquisitions of middle market companies. The firm also invests in mergers and acquisition, add-on acquisitions, divestiture, taking public companies private and private companies public, leveraged buyout, partnership, recapitalization, and restructuring.
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