Regional Banks

Jefferies & Company has lowered the price target on City National (NYSE: CYN) from $62 to $59 and maintains its Hold rating.

Wunderlich Securities reiterated its Hold rating on Pacific Continental (NASDAQ: PCBK). At the same time, the rating agency left its price target on the company's stock unchanged at $10. On Thursday, PCBK added 1.79% to its value to finish the day at $10.24.

Mercantile Bancorp, Inc. (NYSE: MBR) today reported it had received notice on July 18, 2011 from NYSE Amex, accepting the Company's plan of compliance and granting an extension. The letter indicates the Company remains below certain of the NYSE Amex's continued listing standards regarding...

Rodman & Renshaw maintained its CVB Financial (NASDAQ: CVBF) Market Perform rating in a research report published today. In the report, Rodman & Renshaw states, "Overall, we view CVB Financial as possessing quality management, an attractive footprint and an effective commercially oriented...

The Board of Directors of Community Partners Bancorp (Nasdaq: CPBC) today adopted a Shareholder Rights Plan designed to protect shareholders from abusive takeover tactics and attempts to acquire control of the Company at an inadequate price. The Plan provides for the issuance of a right to purchase...

Shares of Huntington Bancshares (NASDAQ: HBAN) are lower on the session by 3.01%, trading at $6.12. Overall call volume is now running at 2.22x the daily average, with 69% of all calls traded being purchases on the offer. 3,590 contracts have traded on the session so far. Huntington Bancshares...

Shares of Synovus Financial (NYSE: SNV) are lower on the session by 0.50%, trading at $1.99. Overall call volume is now running at 11.70x the daily average, with 0% of all calls traded being purchases on the offer. 5,185 contracts have traded on the session so far. Synovus Financial Corp. is a...

Evercore is out with its report today on M&T Bank (NYSE: MTB), maintaining Equal-weight. In a note to clients, Evercore writes, "We are increasing our 2011 EPS est to $6.58 from $6.19, and 2012 to $7.47 from $7.43 reflecting 2Q upside and slightly higher non-II. Our 2011 est includes a $0.09...

Deutsche Bank is out with a research report on Fifth Third Bancorp (NASDAQ: FITB) and it has a Hold rating and a $16 price target on shares. In a note to clients, Deutsche Bank writes, "FITB reported 2Q EPS of $0.35 vs. consensus of $0.27. Upside was driven by better than expected credit and a...

Morgan Keegan is raising its price target on Texas Capital Bancshares, Inc. (NASDAQ: TCBI) to $32 from $29, and it has an Outperform rating after earnings. In a note to clients, Morgan Keegan writes, "TCBI reported 2Q11 EPS of $0.44, handily beating our $0.37 and consensus $0.36 estimates. The...

Rodman & Renshaw reiterated its Market Outperform rating on BB&T (NYSE: BBT). At the same time, the rating agency left its price target on the company's stock unchanged at $31. On Wednesday, BBT closed the day at $25.63. Its shares added 1.44% to their value in today's pre-market trading to...

Wunderlich Securities is out with a research report on Renasant Corporation (NASDAQ: RNST) and it has a Buy rating and a $20 price target on shares. In a note to clients, Wunderlich Securities writes, "We maintain our Buy rating on shares of Renasant Corporation (RNST) as well as our $20 price...

VIST Financial Corp. (NASDAQ: VIST) announced today that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission registering $30 million of its common stock for a proposed underwritten public offering. The number of shares to be offered and the timing of the...

Wunderlich Securities is out Texas Capital BancShares, Inc. (NASDAQ: TCBI) and is raising its price target to $29, and it has a Hold rating on shares. In a note to clients, Wunderlich Securities writes, "We maintain our Hold rating on shares of Texas Capital although we are raising our price...

Morgan Keegan has raised the price target on Texas Capital Bancshares (NASDAQ: TCBI) from $29 to $32 and maintains its Outperform rating.