Analysts Offer Insights on Financial Companies: Cubesmart (NYSE: CUBE), Hartford Financial (NYSE: HIG) and BofI Holding (NASDAQ: BOFI)

By Austin Angelo

There’s a lot to be optimistic about in the Financial sector as 3 analysts just weighed in on Cubesmart (NYSE: CUBE), Hartford Financial (NYSE: HIG) and BofI Holding (NASDAQ: BOFI) with bullish sentiments.

Cubesmart (NYSE: CUBE)

Cantor Fitzgerald analyst Gaurav Mehta reiterated a Buy rating on Cubesmart (NYSE: CUBE) yesterday and set a price target of $33. The company’s shares opened today at $25.49, close to its 52-week low of $24.48.

Mehta noted:

“In-Line Core FFO/sh. Excluding one-time items, FFO/sh. was in line with Cantor at $0.38.”

According to TipRanks.com, Mehta is a 1-star analyst with an average return of -3.3% and a 37.1% success rate. Mehta covers the Financial sector, focusing on stocks such as Ashford Hospitality Trust, Summit Hotel Properties, and Mid-America Apartment.

Cubesmart has an analyst consensus of Moderate Buy, with a price target consensus of $32.

Hartford Financial (NYSE: HIG)

In a report released yesterday, Randy Binner from FBR Capital reiterated a Buy rating on Hartford Financial (NYSE: HIG). The company’s shares opened today at $44.25.

According to TipRanks.com, Binner is a 5-star analyst with an average return of 9.9% and a 69.9% success rate. Binner covers the Financial sector, focusing on stocks such as American Equity Investment Life, National General Holdings, and Lincoln National Corp.

Hartford Financial has an analyst consensus of Moderate Buy, with a price target consensus of $47.20.

BofI Holding (NASDAQ: BOFI)

FBR Capital analyst Bob Ramsey reiterated a Buy rating on BofI Holding (NASDAQ: BOFI) today and set a price target of $33. The company’s shares opened today at $18.36.

Ramsey observed:

“We reiterate our Outperform on BofI Holding and our $33 price target, equal to 13.8x our FY18 operating EPS estimate. Loan growth of 3% QOQ was a little soft in F1Q(Sep)17, which also had negative implications for NIM. Given slightly slower growth and narrower NIM, we are trimming our FY(Sep)17 EPS estimate to $2.00 (from $2.10) and our FY(Sep)18 EPS estimate to $2.40 (from $2.50)—the first reduction in our BOFI estimates we can remember. Still, management guided for 15% to 17% loan growth in 2017, and our revised EPS estimates imply 8% EPS growth this year and 20% next, which, coupled with BOFI’s best-in-class profitability (16.5% ROTCE), is not too shabby. And that is before factoring in that BOFI is trading at less than 9x FY(Jun)18 EPS.”

According to TipRanks.com, Ramsey is a 3-star analyst with an average return of 0.4% and a 60.8% success rate. Ramsey covers the Financial sector, focusing on stocks such as Seacoast Banking Corporation Of Florida, Pacific Premier Bancorp Inc, and Huntington Bancshares Inc.

BofI Holding has an analyst consensus of Strong Buy, with a price target consensus of $29.75.