Regional Banks

Wintrust Financial Corporation (Nasdaq: WTFC) today announced the signing of a definitive agreement to acquire Elgin State Bancorp, Inc. ("ESBI"). ESBI is the parent company of Elgin State Bank, an Illinois state bank, which operates three banking locations in Elgin, Illinois. Elgin State Bank...

Wunderlich Securities is out with a research report on Bank of Hawaii Corporation (NYSE: BOH) and is reiterating its Buy rating and $55 price target on shares. In a note to clients, Wunderlich Securities writes, "We reiterate our Buy rating on Bank of Hawaii Corporation (BOH) and our $55 price...

Wunderlich Securities is out with a research report on Bank of Marin Bancorp (NASDAQ: BMRC) and is reiterating its Buy rating and $42 price target on shares. In a note to clients, Wunderlich Securities writes, "We reiterate our Buy rating on shares of Bank of Marin Bancorp (BMRC) as well as our $...

Rodman & Renshaw has published a report on the Bank of Hawaii Corporation (NYSE: BOH). In the report, Rodman & Renshaw wrote, "We are maintaining our Market Perform rating on Bank of Hawaii Corporation following core 2Q:11 results that exceeded our projections on higher pre-tax, pre-...

According to Jefferies, BancorpSouth (NYSE: BXS) reported GAAP EPS of $0.15 vs. consensus of $0.04. Jefferies said that Core EPS is closer to $0.17, with a lower provision driving the beat. “Credit quality took a meaningful step forward in the quarter, as provision and charge-offs each fell by...

According to Jefferies, Bank of Hawaii (NYSE: BOH) low interest rate environment and the impact of Durbin should keep revenues running in place over the next year, but an aggressive capital management policy and potential for negative provisions limit EPS downside. Jefferies said that it sees...

KBW is out with its report today on CenterState Banks (NASDAQ: CSFL), reiterating Outperform. In a note to clients, KBW writes, "CenterState missed 2Q consensus and KBW on higher NCOs, although NPAs declined for the first time in two years. PTPP rebounded from the last 2 qtrs' lows on higher...

KBW is out with its report today on Bank of Marin (NASDAQ: BMRC), maintaining Outperform. In a note to clients, KBW writes, "BMRC reported 2Q11 EPS of $0.64, a dime below consensus and our estimate of $0.74. The miss was entirely in the provision expense (-25 cents) as NII was higher (+15 cents)...

Netflix Inc (NASDAQ: NFLX) dipped 8.36% to $258.00 in the pre-market session. NFLX reported downbeat Q2 revenue and issued weak projections. Regions Financial Corporation (NYSE: RF) lost 2.25% to $6.07 in the pre-market session. RF swung to a second-quarter profit. NVIDIA Corporation (NASDAQ:...

According to KBW, Eastern Virginia Bankshares (NASDAQ: EVBS), EPS estimates are revised. KBW announced a decrease in EPS estimates from $0.05 to ($0.13) in FY11 and $0.66-$0.42 in FY12. Rating is set to Market Perform and price target is set to $5. EVBS closed yesterday at $3.02.

KBW is out with its report today on Union First Market Bankshares (NASDAQ: UBSH), reiterating Outperform. In a note to clients, KBW writes, "UBSH beat our estimate and the street primarily on better credit as the provision came in $0.16 lower than our estimate. PTPP ROA fell modestly on lower...

According to KBW, Farmers Capital Bank Corp (NASDAQ: FFKT), EPS estimates are revised. KBW reports a decrease in EPS estimates from $0.29 to $0.17 in FY11 and $0.75 to $0.60 in FY12. Rating is set to Market Perform and price target is set to $5. Farmers closed yesterday at $5.41.

KBW is out with its report today on CVB Financial (NASDAQ: CVBF), raising its PT from $11 to $12. In a note to clients, KBW writes, "Solid credit quality improvement drove record earnings and a quarterly beat from CVBF in 2Q11; we are raising EPS estimates and increasing our price target by $1. We...

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

Wunderlich Securities reiterated its Hold rating on CenterState Banks (NASDAQ: CSFL). At the same time, the rating agency left its price target on the company's stock unchanged at $7. On Monday, CSFL lost 0.31% of its value to finish the day at $6.48.