KBW Maintains Outperform Rating On HTS

Yesterday Hatteras Financial Corp. (NYSE: HTS) announced the closing of its equity offering, KBW reports.

“Including the overallotment, the company issued 11.5 million shares and generated net proceeds of $326 million.” KBW writes. “The deal resulted in equity at Hatteras increasing by 27%. The deal is modestly accretive to earnings but adds meaningfully to book value (we estimate $0.71 a share). Our 2011E goes to $4.35 from $4.32. We maintain our Outperform rating.”

Hatteras Financial currently trades at $29.11.