FBR Capital Reiterates a 'Market Perform' Rating on United Western Bancorp (UWBK); Capital Levels Still Too Low
UWBK Hot Sheet
Rating Summary:0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 20 | Down: 11 | New: 38
FBR Capital reiterates a 'Market Perform' rating on United Western Bancorp, Inc. (Nasdaq: UWBK), lowers price target to $1 from $1.50.
FBR analyst says, "The company has indicated that it is continuing to pursue alternative strategies to boost capital levels, which could include additional capital raises or the sale of the company. UWBK shares trade at 0.2x estimated 2Q11 TBV of $2.90, and we believe that the market is pricing in the significant regulatory capital headwinds at these levels. In our view, shares will likely remain pressured until these headwinds abate. We are lowering our FY10 and FY11 Operating EPS estimates to ($1.40) and ($0.37) from ($1.45) and ($0.15), respectively."
To see all the upgrades/downgrades on shares of UWBK, visit our Analyst Ratings page.
United Western Bancorp, Inc. (United Western Bancorp) is a unitary thrift holding company.
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FBR analyst says, "The company has indicated that it is continuing to pursue alternative strategies to boost capital levels, which could include additional capital raises or the sale of the company. UWBK shares trade at 0.2x estimated 2Q11 TBV of $2.90, and we believe that the market is pricing in the significant regulatory capital headwinds at these levels. In our view, shares will likely remain pressured until these headwinds abate. We are lowering our FY10 and FY11 Operating EPS estimates to ($1.40) and ($0.37) from ($1.45) and ($0.15), respectively."
To see all the upgrades/downgrades on shares of UWBK, visit our Analyst Ratings page.
United Western Bancorp, Inc. (United Western Bancorp) is a unitary thrift holding company.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
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