There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Essent Group (NYSE:ESNT) and New York Mortgage Trust (NASDAQ:NYMT) with bullish sentiments.
Essent Group (ESNT)
In a report released today, Jack Micenko from Susquehanna maintained a Buy rating on Essent Group, with a price target of $58. The company’s shares closed on Friday at $39.93.
According to TipRanks.com, Micenko is a 3-star analyst with an average return of 4.1% and a 50.8% success rate. Micenko covers the Financial sector, focusing on stocks such as Credit Acceptance Corp, Santander Consumer USA, and Fifth Third Bancorp.
Essent Group has an analyst consensus of Moderate Buy, with a price target consensus of $52, implying a 30.2% upside from current levels. In a report released yesterday, KBW also reiterated a Buy rating on the stock with a $52 price target.
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New York Mortgage Trust (NYMT)
In a report released today, Michael Diana from Maxim Group maintained a Buy rating on New York Mortgage Trust, with a price target of $6.80. The company’s shares closed on Friday at $6.38, close to its 52-week high of $6.54.
According to TipRanks.com, Diana is a 5-star analyst with an average return of 7.2% and a 62.4% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Manhattan Bridge Capital Inc, and Arlington Asset Investment.
New York Mortgage Trust has an analyst consensus of Moderate Buy, with a price target consensus of $6.75.
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