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FBR Capital Markets Raises Price Target For SeaBright Insurance Holdings, Inc. (SBX)

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Analyst Bijan Moazami at FBR Capital Markets has released an update on SeaBright Insurance Holdings, Inc. (NYSE: SBX). The company reported its first-quarter results on Tuesday.

SeaBright Insurance reported first-quarter operating EPS of $0.15, slightly below consensus estimate of $0.16. According to FBR Capital Markets, the company is doing all it can improve returns.

FBR Capital Markets has raised the price target for SeaBright Insurance Holdings from $11 to $12. The brokerage firm has maintained its Market Perform rating for the company.

Posted-In: Bijan Moazami FBR Capital MarketsAnalyst Color Price Target Analyst Ratings

 

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