There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Colony Capital Inc (CLNY) and Bridgewater Bancshares Inc (BWB) with bullish sentiments.
Colony Capital Inc (CLNY)
B.Riley FBR analyst Randy Binner reiterated a Buy rating on Colony Capital Inc on August 9 and set a price target of $8. The company’s shares closed on Friday at $5.21.
Binner said:
“Colony Capital (CLNY , Buy – $8 PT) reported core FFO of $0.11/sh., compared to the B. Riley FBR/consensus estimates of $0.16/$0.18. After adding back $0.03 of net investment losses, normalized core FFO was $0.14. The company declared the $0.11/sh. quarterly dividend, which the reported core result covered. In addition to a series of recent shareholder friendly moves (NRE sale, Digital Bridge acquisition, on-going non-core asset sale), the disclosed that it intends to sell it’s light industrial property book. We will look to the 10AM Eastern time conference call for updates on the potential gain from this sale, but it could be material. We also will look for details on the the Digital Bridge acquisition, the NRE sale, potential divestitures and any update on future plans for the company.”
According to TipRanks.com, Binner is a 5-star analyst with an average return of 12.5% and a 63.6% success rate. Binner covers the Financial sector, focusing on stocks such as Colony Credit Real Estate Inc, Health Insurance Innovations, and Victory Capital Holdings Inc.
Colony Capital Inc has an analyst consensus of Moderate Buy, with a price target consensus of $8.
See today’s analyst top recommended stocks >>
Bridgewater Bancshares Inc (BWB)
B.Riley FBR analyst Steve Moss reiterated a Buy rating on Bridgewater Bancshares Inc today and set a price target of $14. The company’s shares closed on Friday at $11.39.
Moss noted:
“We hosted meetings with Bridgewater Bancshares (BWB) Chairman and CEO Jerry Baack and CFO Joe Chybowski and institutional investors. BWB was upbeat about its business prospects for loan growth and EPS growth as opportunities to capture market share remain significant due to market disruptions from the acquisition of peers by out of state banks. While the sharp decline in long-term interest rates in recent weeks is likely to result in NIM pressure, we expect BWB can offset this with continued strong loan growth, a focus on operating efficiently, and modest share repurchases. BWB is a highly profitable bank (1.5% ROA) with above peer growth prospects and clean credit quality, yet the stock trades at 11.0x our 2019 estimate a ~12% discount to peers which we believe is unwarranted. We reiterate our Buy rating and $14 price target.”
According to TipRanks.com, Moss is a 1-star analyst with an average return of -0.5% and a 42.8% success rate. Moss covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Seacoast Banking Corporation Of Florida, and Meta Financial Group.
Currently, the analyst consensus on Bridgewater Bancshares Inc is a Moderate Buy with an average price target of $14.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
