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HomeBanc Dropped To 'Underperform'.(HomeBanc Federal Savings Bank)(Brief article)
ALEXANDRIA, VA -- Analysts at Friedman Billings Ramsey have downgraded HomeBanc Corp.'s stock to "underperform," saying that the company continues to lose money and that a sale in today's environment "is unlikely."
The company has also lowered its price target for the firm's shares to $2.60 from a previous target of $3.70. The new target is the equivalent of the company's estimated tangible book value at the end of this year.
On Feb. 26, HomeBanc reported a fourth-quarter 2006 loss of $0.19 per share, which was ...
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