FBCM FBR Capital Markets Corporation featured news, full reports, and detailed charts
FBR Capital Markets Corporation (FBCM) Wrap Up:
FBR Capital Markets Corporation, formed in June 2006 as a Virginia corporation and publicly-traded since July 2007, is a full-service investment banking, institutional brokerage and asset management firm with a customer-focused and innovative approach to meeting our clients’ needs. In addition, we make principal investments, including merchant banking investments, with our own capital. Since the founding of certain predecessor entities of Friedman, Billings, Ramsey Group, Inc. (“FBR Group”), a publicly-traded real estate investment trust (NYSE: FBR), we have grown from a boutique investment bank with primary expertise in financial institutions into a top-ranking U.S. investment bank. Through our principal operating subsidiaries, Friedman, Billings, Ramsey & Co., Inc. (“FBR & Co.”), an SEC-registered broker-dealer, Friedman, Billings, Ramsey International, Ltd. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f02%2f29%2f0001193125-08-043843.html#FIS_BUSINESS"FBR Capital Markets Corporation (FBCM:NASDAQ)
Snapshot of FBR Capital Markets Corporation (FBCM)
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OPEN
$6.47
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PREVIOUS CLOSE
$6.56
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DAY HIGH
$6.71
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DAY LOW
$6.44
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52 WEEK HIGH
10/14/09 - $7.26
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52 WEEK LOW
03/10/09 - $1.98
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MARKET CAP
413.9M
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AVERAGE VOLUME 3 mo
270.6K
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DILUTED EPS TTM
$-3.01
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SHARES OUTSTANDING
63.7M
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FBCM Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
related news
FBCM Top Compensated Officers
Executives, Board Directors
Key developments for FBR Capital Markets Corporation (FBCM)
FBR Capital Markets Corporation expects to report a profit for the fourth quarter. The company stated that it has done a number of investment banking transactions in the fourth quarter and is looking at more than 20 investment banking deal opportunities across sectors. Chief Executive of the company, Richard Hendrix said that FBR Capital will more actively look at possible acquisitions. Arlington Asset Investment Corp will sell 12.8 million common shares of FBR Capital in a secondary offering.
FBR Capital Markets Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. The company reported pre-tax loss of $7.0 million and a net after-tax loss of $7.0 million or $0.11 per diluted share for the quarter ended September 30, 2009. These results compare to a pre-tax loss of $46.7 million and a net after-tax loss of $28.6 million, or $0.44 per diluted share, in the third quarter of 2008. Third quarter 2009 net revenue was up 57% to $71.4 million compared to $45.6 million in the third quarter of 2008, and up 51% from $47.3 million for the second quarter of 2009. The increased revenue production was primarily due to a meaningful increase in investment banking activity during the third quarter of 2009. FBR Capital Markets' pre-tax core operating earnings were $1.4 million for the third quarter of 2009 compared to a pre-tax core operating loss of $26.2 million in the third quarter of 2008. This non-GAAP measurement excludes specific non-core items and non-cash expenses, including $5.2 million of stock-based compensation expense. For the nine months, the company reported net loss of $44.8 million or $0.76 diluted loss per share compared to net loss of $63.9 million or $0.99 diluted loss per share for the same period a year earlier. Total revenue was $168.6 million compared to the $207.7 million for the same period a year ago. Loss before income tax was $44.1 million against $92.8 million for the same period a year earlier.
FBR Capital Markets Corporation, Q3 2009 Earnings Call, Oct 21 2009
FBCM Competitors
| Company | Last | Change |
| Broadpoint Gleacher Securities Group Inc | $5.99 USD | -0.12 |
| Evercore Partners Inc | $31.37 USD | -0.28 |
| JMP Group Inc | $9.20 USD | -0.06 |
| KBW Inc | $25.84 USD | -0.33 |
| Thomas Weisel Partners Group Inc | $4.57 USD | -0.03 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | FBCM | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 2.7x |
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| Price/Book | 1.4x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 0.8x |
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FBCM |
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FBCM transactions
| Type Date |
Target |
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Merger/Acquisition
July 29, 2009 |
Watch Hill Partners LLC |
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Bankruptcy
July 21, 2009 |
Vineyard National Bancorp |