Keefe

According to Keefe, Bruyette & Woods, Invesco Mortgage Capital (NYSE: IVR) reported 1Q GAAP EPS of $1.01 and operating EPS of $0.99. Keefe, Bruyette & Woods said that the company completed an equity offering in March so earnings reflected some capital deployment lag. “Book value increased...

According to Keefe, Bruyette & Woods, Asta Funding (NASDAQ: ASFI) reported fiscal 2Q11 EPS ROCK: [$0.19, $0.19, NM, $0.16]. Keefe, Bruyette & Woods said that operating earnings were higher than the estimate primarily due to higher revenues than it had forecasted. “Raising EPS estimates.”...

According to Keefe, Bruyette & Woods, Hospitality Properties Trust (NYSE: HPT) released its 5/9 earnings. Keefe, Bruyette & Woods said that following HPT's 5/9 earnings release it is updating estimates for 1Q11 results and the 10-Q filing. “1Q results were modestly ahead of our...

According to Keefe, Bruyette & Woods, Two Harbors Investment (NASDAQ: TWO) reported core EPS of $0.32, down from $0.36 in 4Q. Keefe, Bruyette & Woods said that the sequential decline reflected earnings drag from the company's capital raise. “GAAP results include net realized and unrealized...

According to Keefe, Bruyette & Woods, Greenhill & Co (NYSE: GHL) 2011 forecast is unchanged. Keefe, Bruyette & Woods said that despite 1Q11 EPS beat, it is leaving its 2011 forecast unchanged at $1.15 as it has tempered its quarterly est. upon further review and pipeline visibility. “...

Keefe, Bruyette & Woods reported on Navigators Group (NASDAQ: NAVG) this morning. In the report, Keefe was neutral. Keefe writes, “Results missed driven by several items, including sizeable marine & energy losses and resulting commission adjustments and reinstatements, as well as modest...

Keefe, Bruyette & Woods released a report today on MCG Capital (NASDAQ: MCGC). In the report, Keefe was positive in their outlook. Keefe wrote, “Following MCGC's earnings, we are raising our 2011 DNOI/share estimate to $0.73 (from $0.71), mainly to reflect this quarter's beat, but are...

According to Keefe, Bruyette Woods, CB Richard Ellis Group (NYSE: CBG) reported 1Q operating EPS of $0.13. Keefe, Bruyette Woods said that while revenues missed consensus, we view the growth story as on track as revenues increased 15.5% to $1.2 billion in the seasonally slow 1Q, closely matching...

According to Keefe, Bruyette Woods, Federated Investors (NYSE: FII) still battling headwinds. Keefe, Bruyette Woods said that reported EPS includes $0.11 expense related to an expected litigation settlement. “Excluding this charge, our initial take is a somewhat weaker quarter on lower core...

According to Keefe, Bruyette & Woods, Ameriprise Financial (NYSE: AMP) estimates and price target are to be revised. Keefe, Bruyette & Woods said that, “While 1Q earnings were light of our estimate and consensus, there were bright spots in terms of better Columbia flows, continued progress...

According to Keefe, Bruyette & Woods, Lincoln National (NYSE: LNC) estimates are to be revised. Keefe, Bruyette & Woods said that, “while 1Q earnings were stronger than expected in a few areas, we believe the main takeaways on a go-forward basis were the higher share repurchase guidance...

According to Keefe, Bruyette & Woods, City Holding (NASDAQ: CHCO) beat the Street and its estimate on a lower provision expense and better spread income, partially offset by a higher tax rate. Keefe, Bruyette & Woods said that service charges were down, as expected, due to 1Q seasonality...

According to Keefe, Bruyette & Woods, Banner Corp. (NASDAQ: BANR) posted an operating EPS loss of -$0.09 which excludes nominal fair value adjustments. Keefe, Bruyette & Woods said that BANR beat on a lower provision and better expense control. “Credit trends improved with NPAs down 51 bps...

Keefe, Bruyette & Woods has raised the Price Target on State Bancorp (NASDAQ: STBC) from $11 to $14 a share.

According to Keefe, Bruyette & Woods, Arch Capital Group (NASDAQ: ACGL) Outperform rating is reiterated. Keefe, Bruyette & Woods said that ACGL reported a 1Q11 ROCK of [$0.41, $0.17, $(0.75), $(0.62)]. “Results beat largely on a lower ex-cat current AY LR and higher reserve releases, while...