原文標題：
LendingClub grabs Buy rating at Seaport on benefits of bank acquisition
原文連結：
https://is.gd/s8XJ99
發布時間：
Jan. 11, 2022 9:13 AM ET
原文內容：
LendingClub (NYSE:LC) stock rises 1.0% in premarket trading after Seaport
Research analyst Bill Ryan initiates coverage with a Buy rating as the
company's valuation resets to "that of a growth financial stock."
Sets price target of $35, based on 13x Seaport's 2023 EPS estimate of $2.70.
LendingClub's (LC) acquisition of Radius Bank in January 2021 transformed the
company's economics with lower cost/stable funding sources, the elimination of
origination fees to third parties and the steady interest income it gets from
keeping ~20% of its originated loans, Ryan explains in a note to clients.
"We see significant growth opportunity as the company reopens its installment
lending channels and builds off a very small portfolio base, which will be
complemented through growth in new areas like auto finance and planned larger
ticket purchases such as elective medical procedures," the analyst said.
Ryan's recommendation is more bullish than the Neutral Quant rating and aligns
with the average Wall Street rating of Bullish.
See improvement in LendingClub's operating income over the past few quarters
in graph below.
SA contributor IP Banking Research has been an aggressive buyer of LendingClub (LC) in recent sessions, citing predictable net interest income growth as the company
心得/評論： ※必需填寫滿20字
根據13x Seaport的2023年每股收益估計值2.70，將目標價設定為35美元。
前Seaport Research分析師Bill Ryan在給客戶的一份報告中解釋LC於2021年1月收購了
Radius Bank，通過降低成本/穩定的資金來源，消除了對第三方的發起費用及
通過保留約20%的原始貸款獲得的穩定利息收入、改變了公司的經濟狀況。
今日股價在240MA處止跌反彈 截至本文結束為止上漲10.5%來到每股$24.3
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