Two Harbors Investment Corp. (NYSE:TWO) stock is presently standing at about $8.76 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 11 analysts covering the company is $9.25, which suggests the stock could still rise over 5 percent. The highest analyst price target is $10.00, which implies a rally of 86 percent. And a quick view of analyst notes show that 6 are rating the stock a buy while 2 rate TWO a strong buy. There are 3 equity research firms advocating a Hold and 0 consider it Sell.
Wells Fargo analysts provided their view on Two Harbors Investment Corp. (NYSE:TWO) recently. The rating firm issued a Outperform rating to this company in a research note released on Nov 04, 2016. FBR Capital analysts disclosed their opinion on Two Harbors Investment Corp. (NYSE:TWO) recently. The rating firm gave a Mkt Perform rating to this stock in a research note published on Sep 06, 2016. According to a research note disclosed on Jan 15, 2016, analysts at Wells Fargo have lowered their rating on these shares from Outperform to Market Perform.
Two Harbors Investment Corp. (NYSE:TWO) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its Chief Accounting Officer RISKEY MARY KATHRYN sold 3,190 company shares for $27000.47, in a transaction on 2017-01-30. Following the transaction, the Chief Accounting Officer is left with a stake of 27.47 shares, currently valued at $241. Meanwhile, CFO and Treasurer Farrell Brad sold 28,901 shares worth $247000.97, through a transaction dated 2017-01-30. Following the completion of the transaction, the insider is left with a stake of 446,327 shares, amounting $3909824.52. TWO General Counsel and Secretary Sandberg Rebecca B also sold 10,136 shares, at a stock price of $8.6. This transaction occurred on 2017-01-30 totals $87000.17. After this transaction, the insider’s stake stands at 191,047 shares, with a market value of $1673572.
Executives hold 0.63 percent of the stock. William Roth is one of the biggest insider owners in Two Harbors Investment Corp. (NYSE:TWO), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 1,359,674 shares which have current market value of around $11910744.24.Mr. Thomas E. Siering is another major inside shareholder in the company. The insider owns 1,140,152 shares as of 0.33%, currently worth $9987731.52. Mr. Brad Farrell is ranked as third insider holder of the stock. This insider holds 446,327 shares with a market value around $3909824.52 as of recent close.
Two Harbors Investment Corp. (NYSE:TWO) Earnings Outlook
In Two Harbors Investment Corp. (NYSE:TWO)’s latest quarter, EPS moved to $0.24 from $0.22 in preceding quarter and revenues reached at $108.51M compared to $100.81M. Analysts had expected Two Harbors Investment Corp. (NYSE:TWO) to post net income of about $0.23 per share on $103.98M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.22 to $0.25. That is compared with the $0.20 in EPS it reported during the same period a year ago.