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Bankrate, Inc.
Type
Public
Traded as NYSE: RATE
Industry Internet
Founded 1976
Headquarters New York City, New York, U.S.
Area served
U.S., Canada, China
Key people
Kenneth Esterow, President and CEO
Revenue Increase US $434.2 million (2016)
Number of employees
384
Website Bankrate.com

Bankrate, Inc. is a consumer financial services company based in New York City. Bankrate.com, perhaps its best-known brand, is a personal finance website.

Bankrate was founded in 1976 as a print publisher of the "Bank Rate Monitor." In 1996, the company began moving its business online. Today, Bankrate, Inc.'s online network includes Bankrate.com as well as CreditCards.com, Caring.com, Interest.com, Bankaholic.com, Mortgage-calc.com, CreditCardGuide.com, ThePointsGuy.com, Bankrate.com.cn, CreditCards.ca, NetQuote.com, CD.com, Walla.by and Quizzle. The online network received over 150 million visits in 2010. In January 2011, Bankrate completed the acquisition of Trouve Media. In December 2011, Bankrate completed the acquisition of substantially all of the assets of InsWeb Corporation for $65 million in cash. In March 2012, Bankrate acquired InsuranceAgents.com.

After spending 10 years as a public company traded on the NASDAQ, Bankrate was acquired in 2009 by Apax Partners in a transaction valued at approximately $571 million.

In June 2011, Bankrate raised a total of $300 million in gross proceeds with a successful Initial Public Offering on the New York Stock Exchange. In December 2011, Bankrate priced a secondary offering of 12.5 million shares at $17.50 per share. Kenneth S. Esterow was appointed Bankrate's President and Chief Executive Officer in January 2014, having previously served as Senior Vice President – Chief Operating Officer from September 2013 to December 2013.

Since the beginning, Bankrate has provided information about interest rates. Beginning in 2004, Bankrate also began offering financial education content, insurance quotes, and credit card offers.

One of Bankrate's reports in 2014 determined the costs of car ownership in each state, taking into account the costs of gas and insurance, among other factors. The data suggested that Wyoming is the most expensive state in the nation to own a car.

The National Association of Real Estate Editors in 2014 named Bankrate's Mortgage blog the winner of its Best Blog and Best Column awards. In October 2012, Advertising Age ranked Bankrate as the fifth fastest-growing media company. Bankrate's "Financial Regulation, One Year Later" package earned a 2012 "Best in Business" award from the Society of American Business Editors and Writers (SABEW). Bankrate won two SABEW Awards in 2011: Holden Lewis' mortgage blog and Bankrate's explanatory series on financial reform were honored. Bankrate writers have won awards from the Society of Professional Journalists several times, most recently in 2007 for their coverage of the Federal Reserve Open Market Committee's rate cut. In 2008, Forbes named Bankrate #41 in its list of America's 200 Best Small Companies. Forbes previously had honored the website in its "Best of the Web" series five times between 1999 and 2004.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

2016-06-02 Initiated Coverage Compass Point Neutral $9.00
2016-05-06 Reiterated Rating Bank of America Buy
2016-05-06 Reiterated Rating Bank of America Corp. Buy
2016-02-27 Reiterated Rating SunTrust Hold
2016-02-27 Reiterated Rating SunTrust Banks Inc. Hold
2016-02-26 Upgrade Goldman Sachs Sell to Neutral
2016-02-26 Upgrade Goldman Sachs Group Inc. Sell to Neutral
2016-02-25 Reiterated Rating Needham & Company LLC Buy $20.00 to $15.00
2016-02-25 Downgrade Topeka Capital Markets Buy to Hold $19.00 to $9.00
2016-02-25 Downgrade RBC Capital Outperform to Sector Perform $16.00 to $9.00
2016-02-25 Downgrade Royal Bank Of Canada Outperform to Sector Perform $16.00 to $9.00
2016-02-22 Reiterated Rating RBC Capital Outperform to Sector Perform $16.00 to $9.00
2016-02-08 Initiated Coverage Sidoti Buy $18.00
2016-01-16 Reiterated Rating SunTrust Hold
2016-01-14 Lower Price Target SunTrust Neutral $15.50 to $13.00
2015-11-23 Boost Price Target Needham & Company LLC Buy $14.00 to $20.00
2015-11-17 Initiated Coverage Topeka Capital Markets Buy $19.00
2015-11-09 Upgrade Bank of America Neutral to Buy $14.47 to $18.00
2015-11-06 Boost Price Target SunTrust Neutral $10.50 to $15.50
2015-11-06 Boost Price Target JPMorgan Chase & Co. Neutral $11.00 to $12.00
2015-11-06 Reiterated Rating RBC Capital Outperform $15.00 to $16.00
2015-10-08 Reiterated Rating Needham & Company LLC Buy $14.00
2015-09-21 Reiterated Rating RBC Capital Outperform $15.00
2015-09-03 Upgrade Stephens Equal Weight to Overweight $13.00
2015-08-26 Lower Price Target SunTrust Neutral $12.00 to $10.50
2015-08-05 Reiterated Rating RBC Capital Outperform $18.00 to $15.00
2015-06-22 Initiated Coverage Needham & Company LLC Buy $14.00
2015-06-18 Reiterated Rating Bank of America Underperform $11.00
2015-06-18 Reiterated Rating RBC Capital Outperform
2015-06-18 Downgrade SunTrust Buy to Neutral $18.00 to $12.00
2015-03-19 Reiterated Rating RBC Capital Outperform $18.00
2014-10-13 Downgrade Stephens Overweight to Equal Weight
2014-09-16 Downgrade Topeka Capital Markets Hold to Sell $18.00
2014-09-02 Lower Price Target SunTrust $22.00 to $18.00
2014-08-08 Lower Price Target Stephens $23.00 to $21.00
2014-08-08 Lower Price Target Topeka Capital Markets $19.00 to $18.00
2014-08-08 Lower Price Target SunTrust $27.00 to $22.00
2014-08-08 Lower Price Target RBC Capital $21.00 to $19.00
2014-08-08 Lower Price Target Canaccord Genuity $20.00 to $16.00
2014-06-05 Upgrade RBC Capital Sector Perform to Outperform $21.00
2014-05-08 Boost Price Target JPMorgan Chase & Co. $18.00 to $19.00
2014-02-14 Boost Price Target Canaccord Genuity Hold $17.00 to $20.00
2014-02-14 Reiterated Rating Bank of America Buy $20.00 to $22.00
2013-11-01 Boost Price Target Canaccord Genuity Hold $16.00 to $17.00
2013-10-31 Boost Price Target JPMorgan Chase & Co. Neutral $15.00 to $17.00
2013-10-31 Reiterated Rating RBC Capital Sector Perform $20.00 to $18.00
2013-10-31 Downgrade Stifel Nicolaus Buy to Hold $23.00
2013-10-02 Reiterated Rating Needham & Company LLC Buy $20.00 to $25.00
2013-09-30 Reiterated Stifel Buy $20 to $23
2013-09-30 Reiterated Rating RBC Capital Hold $18.00
2013-09-30 Boost Price Target Stephens Overweight $18.00 to $23.00
2013-09-30 Boost Price Target Stifel Nicolaus Buy $20.00 to $23.00
2012-12-05 Initiated Needham Buy $15
2012-12-03 Downgrade Canaccord Genuity Buy to Hold $16 to $14
2016-06-02 Initiated Coverage Compass Point Neutral $9.00
2016-05-06 Reiterated Rating Bank of America Buy
2016-05-06 Reiterated Rating Bank of America Corp. Buy
2016-02-27 Reiterated Rating SunTrust Hold
2016-02-27 Reiterated Rating SunTrust Banks Inc. Hold

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Evans Thomas R President, CEO 1.12%  (1174587) ANGI / FF / MM / NAVI / RATE / SSTK /
DiMaria Edward J SVP-Chief Financial Officer 0.27%  (276913) RATE /
Ross Donaldson M SVP - Chief Revenue Officer 0.21%  (216072) RATE /
Hoogterp Daniel P SVP-Chief Technology Officer 0.08%  (85653) RATE /
Grant Jeffrey J CEO, Insurance 0.07%  (77482) RATE /
Ricciardelli Michael SVP - Bus Dev & Cons Mktg 0.07%  (68539) RATE /
NELSON BRUCE 0.02%  (23326) RATE /