Loading...
Loading...
In a report published Friday, Keefe, Bruyette & Woods analyst Robert Lee reiterated a Market Perform rating on
Eaton VanceEV, and raised the price target from $38.00 to $41.00.
In the report, Keefe, Bruyette & Woods noted, “Capital deployment strategies today are focused on consistently buying back stock (16% of shares to date) as M&A in NBHC's core markets has yet to materialize. With the stock anchored around TBV (1.04x), buybacks remain a disciplined and low-risk strategy today; however, the more significant value unlock lies in fully normalizing its capital position and achieving greater visibility on the embedded ROAA potential. To us, downside risk remains fairly limited and while upside potential is arguably much higher than current levels, it does require patience.”
Eaton Vance closed on Thursday at $37.33.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in