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Mortgage Woes Strip Thrift's of Stock Value.(Brief article)
Arlington, VA -- With banking companies having a high concentration of housing-related assets trading at a steep discount these days, that doesn't necessarily mean it's time to jump in and buy up their stocks, according to Friedman Billings Ramsey.
Recently, FBR took a look at two California thrifts that are trading "at a material discount to book values," Downey Financial and FirstFed Financial. Because of the worsening California housing market, FBR says it is too early to take a position in the companies. But FBR also said that both companies should survive the crisis and should be good investments for the long term. In comparing the two, FBR said Downey has the better franchise, citing its strength in the state's deposit market. But FirstFed has a better credit profile, FBR said. That's because FirstFed ...
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...here. Recently, FBR took a look at two...material discount to book values," Downey Financial...California housing market, FBR says it is too early...although with lower book values and smaller lending platforms," FBR said. Currently...
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...life insurers' balance sheets and book values during the second quarter, but analysts...said Randy Binner, an analyst at FBR Capital Markets Inc. in Arlington...book value amid rising markets. "Book values' going up is good for the equity...
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...companies usually pay losses out of current revenue, FBR analysts Paul Miller, Steve Stelmach and Annett Franke...started to trend upward for the first time in three years, FBR noted. FBR recommends the shares of MGIC Investment Corp., PMI...
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...Aug. 13 /PRNewswire-FirstCall/ -- FBR Capital Markets Corporation , a leading...the middle market, announced today that FBR Fund Advisers, Inc., its mutual funds...and Ira Rothberg as co-managers of the FBR Focus Fund. The three have worked together...
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Builds on FBR's Market-Leading Position in 144A Equity Transactions ARLINGTON, Va., June 27 /PRNewswire-FirstCall/ -- FBR Capital Markets Corporation (FBR Capital Markets) announced today the launch of FBR PLUS(TM...
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- Press release article from: PR Newswire February 8, 2007 700+ words
...Friedman, Billings, Ramsey Group, Inc. ("FBR Group" or "the Company") today announced that...reflect its new corporate structure. In June 2006, FBR Group formed a subsidiary, FBR Capital Markets Corporation ("FBR Capital Markets...
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- Press release article from: PR Newswire April 26, 2007 700+ words
...Friedman, Billings, Ramsey Group, Inc. (FBR Group) today announced results for the quarter ended March 31, 2007. FBR Group reported a net after-tax loss for...Prime Mortgage Businesses and Investments FBR Group's loss for the first quarter was...
- FBR Group Announces Second Quarter 2007 Financial Results.
- Press release article from: PR Newswire July 26, 2007 700+ words
...Friedman, Billings, Ramsey Group, Inc. (FBR Group) today announced results for the...diluted), for the second quarter of 2006. FBR Group's net after-tax loss for the first...12.7 million shares of common stock of FBR Capital Markets Corporation (FBR Capital...
Source: HighBeam Research, Mortgage Woes Strip Thrift's of Stock Value.(Brief article)