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Goldman Sachs Starts EverBank Financial (EVER) at Neutral

May 29, 2012 6:56 AM EDT
Get Alerts EVER Hot Sheet
Price: $18.50 -0.16%

Rating Summary:
    8 Buy, 10 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 16 | Down: 11 | New: 13
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Goldman Sachs initiates coverage on EverBank Financial (NYSE: EVER) with a Neutral. PT $13.00.

The firm said the company is uniquely positioned to grow market share in mortgage and it is benefiting from a secular shift to online and mobile banking, That said, outsized exposure to mortgage risks and further margin pressure from low rates will limit near-term upside, the firm said.

For an analyst ratings summary and ratings history on EverBank Financial click here. For more ratings news on EverBank Financial click here.

Shares of EverBank Financial closed at $11.20 yesterday.


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