Keefe, Bruyette & Woods Lowers Estimates on Bridge Capital Holdings (BBNK)
Keefe, Bruyette & Woods is out with a research report this morning, where it reiterates its Market Perform rating on Bridge Capital Holdings (NASDAQ: BBNK); it has a $9.00 price target on the stock.
The KBW analysts said, “Bridge Capital Holding reported second quarter EPS of $0.04 per share, a penny below the consensus and two cents below our estimate. Relative to our estimate, net interest income was lower (-$0.01) and the provision was higher (-$0.02), partially offset by a lower tax rate (+$0.02), with the remaining difference due to rounding. (We are) lowering estimates.”
They added, “Risks to our forecast and valuation of BBNK include credit costs beyond our current expectations.”
Bridge Capital Holdings is an $915 million-in-assets holding company based in San Jose, California.
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