Market Overview

UPDATE: Deutsche Bank Reiterates Hold Rating, Lowers PT on Hatteras Financial Corp. on Soft 4Q Results

Related HTS
Nomura Recap Of Stocks To Look Out For
Hatteras Financial PT Cut By MLV

In a report published Wednesday, Deutsche Bank reiterated its Hold rating on Hatteras Financial Corp. (NYSE: HTS), but lowered its price target from $28.00 to $26.75.

Deutsche Bank noted, “Expect div cut in 1Q; increase in 2H from slower prepays & swap maturities. We view 4Q results as soft given core earnings below our estimate and BVPS down roughly 5% seq. We expect a dividend cut in 1Q to 60c given our expectation of additional spread compression; however, we expect the dividend to expand in 2H due to slower prepayments and lower financing costs resulting from some higher cost swaps maturing. We are reducing our target to $26.75 given the BV decline, and we are maintaining our Hold rating given our portfolio return expectations and the current valuation.”

Hatteras Financial Corp. closed on Tuesday at $27.17.

Latest Ratings for HTS

Mar 2015Ladenburg ThalmannUpgradesNeutralBuy
Feb 2015Deutsche BankMaintainsHold
Feb 2015Keefe Bruyette & WoodsMaintainsOutperform

View More Analyst Ratings for HTS
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings


Related Articles (HTS)

Around the Web, We're Loving...