KBW Reaffirms Their Hold Rating on CYS Investments

By Jason Carr

KBW analyst Bose George reiterated a Hold rating on CYS Investments (NYSE: CYS) on September 12 and set a price target of $8.50. The company’s shares opened today at $8.72.

According to TipRanks.com, George is a 5-star analyst with an average return of 14.1% and a 71.0% success rate. George covers the Financial sector, focusing on stocks such as Federal Home Loan Mortgage Corporation, Fidelity National Financial Ventures, and Stewart Information Services Corp.

CYS Investments has an analyst consensus of Hold, with a price target consensus of $8.50.

Based on CYS Investments’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $30.54 million and quarterly net profit of $50.23 million. In comparison, last year the company earned revenue of $52.29 million and had a net profit of $56.21 million.

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CYS Investments, Inc. is a finance company, which seeks in achieving consistent risk-adjusted income. It invests in residential mortgage backed securities. The company was founded by Kevin E. Grant on January 3, 2006 and is headquartered in Waltham, MA.