JMP Securities Maintains Market Outperform Rating for Guild Holdings: Here's What You Need To Know

JMP Securities has decided to maintain its Market Outperform rating of Guild Holdings GHLD and lower its price target from $15.00 to $14.00.

Shares of Guild Holdings are trading down 2.78% over the last 24 hours, at $11.18 per share.

A move to $14.00 would account for a 25.22% increase from the current share price.

About Guild Holdings

Guild Holdings Co is a growth-oriented mortgage company. It operates in two segments; The origination segment operates its loan origination business throughout the United States. It is responsible for loan origination, acquisition, and sale activities. This segment is further divided into retail and correspondent channel, and The servicing segment provides a steady stream of cash flow to support the origination segment more importantly it allows for the Company to build long-standing client relationships that drive repeat and referral business back to the origination segment to recapture the client's next mortgage transaction. It is responsible for the servicing activities of all loans in its servicing portfolio. It generates a majority of its revenue from the Origination segment.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.