BidaskClub Downgrades Bear State Financial (BSF) to Strong Sell

Bear State Financial (NASDAQ:BSF) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Friday.

Bear State Financial (BSF) opened at $10.23 on Friday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.11 and a current ratio of 1.11. Bear State Financial has a fifty-two week low of $8.66 and a fifty-two week high of $10.95. The company has a market cap of $385.98, a price-to-earnings ratio of 16.77 and a beta of 1.23.

Several institutional investors have recently bought and sold shares of the company. TIAA CREF Investment Management LLC boosted its holdings in Bear State Financial by 21.4% in the second quarter. TIAA CREF Investment Management LLC now owns 60,119 shares of the financial services provider’s stock worth $569,000 after purchasing an additional 10,579 shares in the last quarter. Gabelli Funds LLC bought a new stake in Bear State Financial in the third quarter worth $267,000. Stephens Inc. AR bought a new stake in Bear State Financial in the third quarter worth $2,186,000. Northern Trust Corp boosted its holdings in Bear State Financial by 24.7% in the second quarter. Northern Trust Corp now owns 206,696 shares of the financial services provider’s stock worth $1,956,000 after purchasing an additional 40,958 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Bear State Financial by 2.4% in the second quarter. Vanguard Group Inc. now owns 522,139 shares of the financial services provider’s stock worth $4,940,000 after purchasing an additional 12,108 shares in the last quarter. Institutional investors and hedge funds own 12.38% of the company’s stock.

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Bear State Financial Company Profile

Bear State Financial, Inc is a bank holding company. The Company’s subsidiary Bear State Bank, N.A. (the Bank) is a community-oriented financial institution, which offers a range of retail and business deposit accounts, including noninterest bearing and interest bearing checking accounts, savings and money market accounts, certificates of deposit and individual retirement accounts.

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