REVERE BK LAURE/SH SH (REVB) Downgraded by ValuEngine to Sell

REVERE BK LAURE/SH SH (OTCMKTS:REVB) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

Several other analysts also recently weighed in on the stock. FIG Partners initiated coverage on shares of REVERE BK LAURE/SH SH in a research report on Thursday, December 20th. They issued an “outperform” rating on the stock. Zacks Investment Research upgraded shares of REVERE BK LAURE/SH SH from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research report on Thursday, February 21st.

Shares of OTCMKTS REVB traded down $0.10 during midday trading on Thursday, hitting $29.40. The company’s stock had a trading volume of 1,500 shares, compared to its average volume of 6,669. REVERE BK LAURE/SH SH has a 1-year low of $26.45 and a 1-year high of $31.45. The firm has a market capitalization of $351.33 million and a PE ratio of 11.67.

REVERE BK LAURE/SH SH (OTCMKTS:REVB) last posted its quarterly earnings results on Tuesday, January 29th. The company reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.02). The firm had revenue of $22.79 million for the quarter, compared to analyst estimates of $22.20 million. Equities research analysts expect that REVERE BK LAURE/SH SH will post 2.59 earnings per share for the current year.

About REVERE BK LAURE/SH SH

Revere Bank provides business and personal banking services. Its business banking services include checking accounts, savings accounts, escrow accounts, check cards, commercial loans, and cash management services. The company's personal banking services include checking accounts, savings accounts, check cards, and loans.

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