Compass Point

Compass Point initiated coverage on Maiden Holdings (NASDAQ: MHLD) with a Buy rating and a $14.00 price target. Compass Point analyst Ken Billingsley commented, "MHLD is a reinsurer by name, but whose business mirrors that of a primary insurer. Through the use of quota share agreements and an...

In a report published Friday, Compass Point analyst Ken Billingsley initiated coverage on Tower Group International (NASDAQ: TWGP) with a Buy rating and $23.00 price target. In the report, Billingsley noted, “The tax savings over time should have a significant impact on improving earnings and will...

Compass Point downgraded Western Asset Mortgage Capital (NYSE: WMC) from Buy to Neutral and announced a $22.50 price target. Compass Point analyst Jason Stewart noted, "We downgrade the shares of WMC to Neutral from Buy primarily on valuation. While the near term outlook remains favorable, the...

In a report published Wednesday, Compass Point analyst Kevin Barker initiated coverage on Flagstar Bancorp (NYSE: FBC) with a Sell rating and $12.00 price target. In the report, Barker noted, “Flagstar is the largest Michigan-based savings bank and one of the largest mortgage banks in the U.S. The...

In a report published Monday, Compass Point reiterated its Buy rating on Apollo Residential Mortgage (NYSE: AMTG), and raised its price target from $23.00 to $24.50. Compass Point noted, “Our new $24.50 price target represents a multiple of 1.1x 4Q12 book value per share (we estimate current BVPS...

Compass Point initiated coverage on Nelnet (NYSE: NNI) with a Buy rating and a $41.00 price target. Compass Point commented, "At first glance, the Nelnet story may appear uninspiring as the company no longer originates federal student loans, and earnings, which are primarily tied to the legacy...

In a report published Wednesday, Compass Point reiterated its Neutral rating on MCG Capital Corporation (NASDAQ: MCGC), and slightly raised its price target from $4.75 to $5.00. Compass Point noted, “We are reiterating our Neutral rating and raising our price target to $5.00 (from $4.75) on shares...

In a report published Monday, Compass Point reiterated its Buy rating on Agree Realty Corporation (NYSE: ADC), and slightly raised its price target from $31.00 to $32.00. Compass Point noted, “ADC reported a strong fourth quarter characterized by strong core operations and an accelerating pace of...

Compass Point upgraded Verifone Systems (NYSE: PAY) from Neutral to Buy and maintained a $28.00 price target. Compass Point noted, "While there is lingering uncertainty surrounding potentially disruptive threats as well as a number of serious historical accounting concerns to be conscious of, the...

Compass Point downgraded Union First Market Bankshares (NASDAQ: UBSH) from Buy to Neutral and announced a $18.00 price target. Compass Point said, "We are downgrading our rating from Buy to Neutral as shares have achieved our price target. Year to date, UBSH has appreciated 10.5% (15.3% since our...

Compass Point upgraded NetSpend Holdings (NASDAQ: NTSP) from Sell to Neutral and raised the price target from $5.00 to $10.00. Compass Point commented, "Following the release of 4Q'12 earnings results we upgrade our rating from Sell to Neutral and revise our price target from $5 to $10. Following...

In a report published Monday, Compass Point reiterated its Buy rating on Home Loan Servicing Solutions (NASDAQ: HLSS), and raised its price target from $22.00 to $25.00. Compass Point noted, “We believe HLSS remains an attractive investment for yield oriented investors as the company executes on...

In a report published Monday, Compass Point reiterated its Buy rating on Annaly Capital Management (NYSE: NLY), but slightly lowered its price target from $17.00 to $16.50. Compass Point noted, “NLY reported core EPS of $0.34 compared to the consensus EPS estimate of $0.42. Despite the core miss,...

Compass Point initiated Capital Bank Financial (NASDAQ: CBF) with a Buy rating and a $20.00 price target. Compass Point commented, "We expect earnings momentum to materialize over the next two years as the company sheds legacy credit costs and loan growth begins to ramp. More significant upside...

In a report published Friday, Compass Point downgraded its rating on CYS Investments (NYSE: CYS) from Buy to Neutral, and slightly lowered its price target from $14.25 to $13.50. Compass Point noted, “Following 4Q12 earnings, we are downgrading the shares of CYS to Neutral from a Buy rating. In...