NexPoint Real Estate Finance (NASDAQ:PFHD) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of NexPoint Real Estate Finance (NASDAQ:PFHD) from a hold rating to a sell rating in a research note published on Tuesday, Zacks.com reports.

According to Zacks, “Professional Holding Corp. is the financial holding company for Professional Bank, a state-chartered bank. It focuses on providing commercial banking products and services to medium-sized businesses, professional entrepreneurs and high net worth individuals. Professional Holding Corp. is based in FL, United States. “

Separately, ValuEngine upgraded NexPoint Real Estate Finance from a sell rating to a hold rating in a report on Thursday, July 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $20.63.

Shares of PFHD stock opened at $12.07 on Tuesday. The company has a fifty day moving average price of $14.42. NexPoint Real Estate Finance has a fifty-two week low of $12.00 and a fifty-two week high of $20.63.

NexPoint Real Estate Finance (NASDAQ:PFHD) last announced its quarterly earnings data on Friday, May 15th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The business had revenue of $8.92 million during the quarter, compared to the consensus estimate of $8.50 million. As a group, equities research analysts forecast that NexPoint Real Estate Finance will post 0.46 earnings per share for the current fiscal year.

About NexPoint Real Estate Finance

Professional Holding Corp., a financial holding company, operates primarily through its subsidiary, Professional Bank, provides banking products and services to small and medium sized businesses, other professionals, entrepreneurs, and high net worth individuals. Its deposit products include checking, savings, and money market accounts, as well as IRAs and certificates of deposit.

Further Reading: volatile stocks

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