BTIG Starts Guild Holdings Co. (GHLD) at Buy, 'Penetrating the retail channel'

BTIG analyst Eri Hagen initiates coverage on Guild Holdings Co. (NYSE: GHLD) with a Buy rating and a price target of $18.00.

The analyst comments "We're initiating coverage with a Buy rating, and an $18 price target. The company is a top-20 mortgage originator, and a top-30 servicer based in San Diego, with roots tracing back to the 1960s. Its steady growth prompted a management-led recapitalization in 2007, followed by its public listing in November 2020, where a third of the stock currently sits with public shareholders, and the remaining Class B shares are held by private equity, which controls 95% of the combined voting power. The company did $16 billion of originations last year, and has a current servicing portfolio of $85 billion UPB with a 4.0% note rate. It carries an online presence, however the culture is mostly built around a high-touch, relationship-driven approach for sourcing business in the retail channel, which has included geographic expansion through acquisitions of small referral networks."

For an analyst ratings summary and ratings history on Guild Holdings Co. click here. For more ratings news on Guild Holdings Co. click here.

Shares of Guild Holdings Co. closed at $14.70 yesterday.

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