Analysts Offer Insights on Financial Companies: Green Dot (NYSE: GDOT), WesBanco Inc (NASDAQ: WSBC) and Urstadt Biddle Properties Inc (NYSE: UBA)

By Carrie Williams

Analysts fell to the sidelines weighing in on Green Dot (GDOTResearch Report), WesBanco Inc (WSBCResearch Report) and Urstadt Biddle Properties Inc (UBAResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Green Dot (GDOT)

Northland Securities analyst Michael Grondahl maintained a Hold rating on Green Dot today and set a price target of $35. The company’s shares closed last Monday at $27.88, close to its 52-week low of $24.19.

Grondahl wrote:

“We believe the GDOT story today is about this new Unlimited product/card and we continue to believe traction will be difficult and the margin on the Unlimited card will be lower. As such, we are establishing 2020 estimates which are less than consensus estimates.”

According to TipRanks.com, Grondahl is a 5-star analyst with an average return of 15.6% and a 55.9% success rate. Grondahl covers the Financial sector, focusing on stocks such as Front Yard Residential Corporation, Altisource Portfolio Solutions SA, and Health Insurance Innovations.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Green Dot with a $37.55 average price target, representing a 32.7% upside. In a report issued on September 11, Canaccord Genuity also initiated coverage with a Hold rating on the stock with a $29 price target.

See today’s analyst top recommended stocks >>

WesBanco Inc (WSBC)

In a report released today, Steve Moss from B.Riley FBR reiterated a Hold rating on WesBanco Inc, with a price target of $40. The company’s shares closed last Monday at $37.41.

Moss said:

“We recently met with WesBanco (WSBC—Neutral, $40 PT) CEO Todd Clossin, CFO Bob Young, and SVP of to discuss their long-term strategy and pending acquisition of Old Line Bancshares (OLBK). We came away impressed with management’s strategy to improve their franchise by emphasizing growth in newer markets, while maintaining their legacy West Virginia deposit franchise which benefits from Marcellus shale deposit growth. We like the strategy as we believe it should improve WSBC’s profitability and earnings trajectory over time, and drive long-term franchise value. We maintain our Neutral rating at the current time due to valuation at 12.9x our 2020 ex-accretion estimate of $2.90, essentially in line with peers. We lower our price target from $42 to $40, to reflect lower sector valuations.”

According to TipRanks.com, Moss is a 3-star analyst with an average return of 0.8% and a 48.9% success rate. Moss covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Seacoast Banking Corporation Of Florida, and Bridgewater Bancshares Inc.

Currently, the analyst consensus on WesBanco Inc is a Moderate Buy with an average price target of $40.67.

Urstadt Biddle Properties Inc (UBA)

B.Riley FBR analyst Craig Kucera maintained a Hold rating on Urstadt Biddle Properties Inc yesterday and set a price target of $24. The company’s shares closed last Monday at $24.28, close to its 52-week high of $24.37.

Kucera said:

“We raise our price target on Properties, Inc. (UBA), from $21 to $24, given a higher NAV estimate, post 3Q19 results, and expanding shopping center REIT multiples. However, we reduce our earnings estimates, with our 2019 FFO declining, from $1.44 to $1.43, and our 2020 FFO falling, from $1.51 to $1.48. UBA’s 3Q19 FFO of $0.37 were $0.01 ahead of expectations; while we appreciate the infill nature of UBA’s portfolio and limited supply potential, UBA continues to trade at a premium to its small-cap (<$1.5B market-cap) shopping center peer group, at 16.9x 2019E FFO, vs. its small-cap peers trading at 11.5x, respectively, and the shopping REIT sector trading at 15.9x."

According to TipRanks.com, Kucera is a 5-star analyst with an average return of 6.9% and a 69.3% success rate. Kucera covers the Financial sector, focusing on stocks such as Monmouth Real Estate Investment, NexPoint Residential Trust Inc, and Consolidated-Tomoka Land Co.

Currently, the analyst consensus on Urstadt Biddle Properties Inc is a Hold with an average price target of $24.

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