Regional Banks

J.P. Morgan is out with its report today on FirstMerit (NASDAQ: FMER), lowering its PT on FMER from $19 to $18. In a note to clients, J.P. Morgan writes, "FMER shares trade at 1.6x TBV (12% premium to peers). In tandem with a slight downward revision to estimates, we are reducing our target by $1...

JP Morgan has lowered the price target on PrivateBancorp (NASDAQ: PVTB) from $16 to $15.50 and maintains its Neutral rating.

According to J.P. Morgan, Signature Bank (NASDAQ: SBNY) reported 2Q11 EPS of $0.87, or $0.84 excluding one-timers, ahead of its and the consensus estimate of $0.78. J.P. Morgan said that signature's earnings beat was a function of PTPP coming in much stronger than expected on a combination of...

JP Morgan has raised the price target on Signature Bank (NASDAQ: SBNY) from $72 to $74 and maintains its Overweight rating.

JP Morgan has lowered the price target on FirstMerit Corporation (NASDAQ: FMER) from $19 to $18 and maintains its Overweight rating.

Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and exit/entry points become more clearly defined. The following stocks hit new 52-week highs in Tuesday's trading session (listed from highest total volume to...

Below are the top regional-northeast banks stocks on the NYSE in terms of earnings estimate for the next year. The earnings estimate for M&T Bank Corporation (NYSE: MTB) for the next year ending December, 2012 is $7.53 per share. MTB's trailing-twelve-month operating margin is 42.02%. State...

Wunderlich Securities reiterated its Hold rating on Sierra Bancorp (NASDAQ: BSRR). At the same time, the rating agency left its price target on the company's stock unchanged at $11. On Tuesday, BSRR added 0.09% to its value to finish the day at $11.41.

The PNC Financial Services Group, Inc. (NYSE: PNC) today announced that it has signed a definitive agreement to acquire 27 branches in metropolitan Atlanta, Georgia from Flagstar Bank, FSB, a subsidiary of Flagstar Bancorp, Inc. (NYSE: FBC) and assume approximately $240 million of deposits...

Wunderlich Securities raised its BancorpSouth (NYSE: BXS) price target from $12 to $13 and maintained its BancorpSouth Hold rating in a research report published today. In the report, Wunderlich Securities states, "We are encouraged by the progress seen in 2Q, but remain on the sidelines as we...

Jefferies has published a report on Signature Bank (NASDAQ: SBNY) giving a first look on 2Q. In the report, Jefferies wrote, "SBNY reported EPS of $0.87 vs consensus of $0.78, but core is closer to $0.84 ex. securities gains. Loan and deposit growth came in a tad stronger than preannouncement...

Sterne Agee has published a report on TCF Financial Corporation (NYSE: TCB). In the report, Sterne Agee wrote, "We are lowering our 2011E EPS to $0.80 (-$0.05) to reflect only gradual improvement over 2H11. Our 2012E and 2013E EPS are unchanged at $1.00 and $1.30, respectively, but remain solidly...

According to KBW, Bank of Hawaii (NYSE: BOH), estimates have been revised. KBW reported an increase in FY11 BOH EPS estimates from $3.30 to $3.36. However, it noted a decrease in FY12 EPS estimates from $3.50 to $3.20. Rating is set to Market Perform with a target of $51.00. BOH closed yesterday...

KBW is out with its report today on Guaranty Bancorp (NASDAQ: GBNK), maintaining Market Perform. In a note to clients, KBW writes, "Assuming coverage of GBNK with a Market Perform rating as the risks to potential improvement in the form of ongoing credit costs and a shrinking balance sheet persist...

Morgan Keegan is out with its report today on BancorpSouth (NYSE: BXS), maintaining Market Perform. In a note to clients, Morgan Keegan writes, "We expect shares to react positively to 2Q11 results given the negative sentiment that has weighed on BXS over the last several months, pushing shares...