Oppenheimer Provides Color on Midwest Regional Banks

Oppenheimer provided color on Midwest regional banks. In a research report published today, Oppenheimer named the top performers. The report states, "The five best-performing Midwest bank stocks year-to-date are Independent Bancorp (IBCP), Princeton National Bancorp (PNBC), Bank of Kentucky (BKYF), QCR Holdings (QCRH), and Guaranty Federal Bancshares (GFED). All of these banks are nano- or small-cap stocks, with market caps ranging from $17M to $188M." On Wednesday, Independent Bancorp IBCP lost 2.43% of its value to close the day at $2.01. Another loser was Princeton National Bancorp PNBC, which fell 1.05% to $5.65. Bank of Kentucky BKYF added 0.79% to its value to close the day at $25.45. Guaranty Federal Bancshares GFED rose 1.35% to $6. Finally, QCR Holdings QCRH closed the day at $8.90.