原文标题：
LendingClub grabs Buy rating at Seaport on benefits of bank acquisition
原文连结：
https://is.gd/s8XJ99
发布时间：
Jan. 11, 2022 9:13 AM ET
原文内容：
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
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根据13x Seaport的2023年每股收益估计值2.70，将目标价设定为35美元。
前Seaport Research分析师Bill Ryan在给客户的一份报告中解释LC于2021年1月收购了
Radius Bank，通过降低成本/稳定的资金来源，消除了对第三方的发起费用及
通过保留约20%的原始贷款获得的稳定利息收入、改变了公司的经济状况。
今日股价在240MA处止跌反弹 截至本文结束为止上涨10.5%来到每股$24.3