Keefe, Bruyette & Woods Reaffirms “Hold” Rating for JMP Group (JMP)

JMP Group (NYSE:JMP)‘s stock had its “hold” rating reiterated by equities researchers at Keefe, Bruyette & Woods in a report released on Friday. They presently have a $5.50 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 7.21% from the stock’s current price.

Separately, Zacks Investment Research cut JMP Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 4th.

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Shares of JMP opened at $5.13 on Friday. The stock has a market cap of $109.15, a price-to-earnings ratio of 25.65, a P/E/G ratio of 1.59 and a beta of 0.70. JMP Group has a 12 month low of $4.92 and a 12 month high of $7.70. The company has a debt-to-equity ratio of 8.10, a quick ratio of 2.56 and a current ratio of 2.56.

JMP Group (NYSE:JMP) last issued its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.10. The company had revenue of $30.32 million for the quarter, compared to analysts’ expectations of $31.70 million. JMP Group had a positive return on equity of 3.67% and a negative net margin of 14.48%. equities research analysts predict that JMP Group will post 0.32 earnings per share for the current fiscal year.

JMP Group announced that its Board of Directors has initiated a share buyback program on Wednesday, December 13th that allows the company to buyback 1,000,000 outstanding shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

A hedge fund recently raised its stake in JMP Group stock. Deutsche Bank AG lifted its holdings in shares of JMP Group LLC (NYSE:JMP) by 55.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 122,216 shares of the financial services provider’s stock after acquiring an additional 43,483 shares during the quarter. Deutsche Bank AG owned 0.57% of JMP Group worth $684,000 as of its most recent filing with the SEC. Institutional investors own 13.65% of the company’s stock.

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About JMP Group

JMP Group LLC, formerly JMP Group, Inc, is a full-service investment banking and asset management firm. The Company operates in five segments: Broker-Dealer, Asset Management, Corporate Credit, Investment Income and Corporate Costs. The Broker-Dealer segment includes a range of services, such as underwriting and acting as a placement agent for public and private capital markets raising transactions and financial advisory services in mergers and acquisitions, restructuring and other strategic transactions.

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