There’s a lot to be optimistic about in the Financial sector as 3 analysts just weighed in on LegacyTexas Financial (LTXB), Centerstate Banks (CSFL) and JMP Group (JMP) with bullish sentiments.
LegacyTexas Financial (LTXB)
Stephens analyst Matt Olney maintained a Buy rating on LegacyTexas Financial yesterday and set a price target of $39. The company’s shares closed yesterday at $38.19.
According to TipRanks.com, Olney is a 1-star analyst with an average return of -1.2% and a 41.6% success rate. Olney covers the Financial sector, focusing on stocks such as Spirit Of Texas Bancshares Inc, Business First Bancshares Inc, and Hancock Whitney Corporation.
LegacyTexas Financial has an analyst consensus of Moderate Buy, with a price target consensus of $39.
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Centerstate Banks (CSFL)
Stephens analyst Tyler Stafford maintained a Buy rating on Centerstate Banks yesterday and set a price target of $30. The company’s shares closed yesterday at $23.79.
According to TipRanks.com, Stafford is a 4-star analyst with an average return of 4.5% and a 53.0% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Pacific Premier Bancorp Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Centerstate Banks with a $29.25 average price target, which is a 23.0% upside from current levels. In a report issued on January 7, Raymond James also upgraded the stock to Buy with a $26 price target.
JMP Group (JMP)
In a report released today, Alexander Paris from Barrington maintained a Buy rating on JMP Group, with a price target of $8. The company’s shares closed yesterday at $4.48.
Paris commented:
“We expect investment banking revenues of $17.0 million (‐24.5% YOY), below our prior estimate of $19.5 million, due to the decline in capital raising activity in November and December associated with the increased volatility in the markets.”
According to TipRanks.com, Paris is a 4-star analyst with an average return of 4.0% and a 45.8% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Strategic Education Inc.
Currently, the analyst consensus on JMP Group is a Moderate Buy with an average price target of $8.
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