IMPAC Mortgage (IMH) Set to Announce Earnings on Wednesday

IMPAC Mortgage (NYSEAMERICAN:IMH) will release its earnings data after the market closes on Wednesday, February 21st. Analysts expect IMPAC Mortgage to post earnings of $0.24 per share for the quarter.

Shares of IMPAC Mortgage (NYSEAMERICAN:IMH) opened at $8.97 on Monday. IMPAC Mortgage has a one year low of $7.84 and a one year high of $17.40. The company has a market cap of $194.87, a P/E ratio of 5.44 and a beta of 0.24.

A number of research firms have commented on IMH. TheStreet cut shares of IMPAC Mortgage from a “c-” rating to a “d” rating in a research note on Monday, December 11th. BidaskClub cut shares of IMPAC Mortgage from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $9.68.

In other news, major shareholder Richard H/ Pickup bought 7,183 shares of the firm’s stock in a transaction on Thursday, December 28th. The shares were bought at an average price of $10.00 per share, for a total transaction of $71,830.00. Following the purchase, the insider now owns 120,000 shares in the company, valued at $1,200,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders have acquired 139,264 shares of company stock worth $1,404,169.

An institutional investor recently raised its position in IMPAC Mortgage stock. State Street Corp grew its stake in shares of IMPAC Mortgage Holdings, Inc (NYSEAMERICAN:IMH) by 15.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,890 shares of the company’s stock after buying an additional 18,349 shares during the period. State Street Corp owned 0.66% of IMPAC Mortgage worth $2,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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IMPAC Mortgage Company Profile

Impac Mortgage Holdings, Inc is an independent residential mortgage lender. The Company operates through three segments: Mortgage Lending, Real Estate Services and Long-Term Mortgage Portfolio. It originates, sells and services conventional, conforming agency and Government insured residential mortgage loans.

Earnings History for IMPAC Mortgage (NYSEAMERICAN:IMH)

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