Regional Banks

KBW is out with its report today on Pinnacle Financial Partners (NASDAQ: PNFP), maintaining Market Perform. In a note to clients, KBW writes, "Pinnacle beat consensus and KBW in 2Q mainly from lower net charge-offs. NPAs fell sharply to 3.4% from 4.0%, the largest single qtr decline we've seen...

KBW is out with its report today on BancFirst (NASDAQ: BANF), reiterating Market Perform. In a note to clients, KBW writes, "A solid quarter despite the miss to estimates. Strong loan growth drove an increase in provisioning expenses which caused much of the miss, although we do not view this as a...

KBW is out with its report today on S.Y. Bancorp (NASDAQ: SYBT), maintaining Market Perform. In a note to clients, KBW writes, "SYBT reported a solid, in-line 2Q. PTPP ROA grew 9 bps to 2.37%. More impressively, the company grew C&I loans 6%, unannualized, with only 2 bps of NIM compression....

Wunderlich Securities has issued a report raising the Price Target on Texas Capital Bancshares (NASDAQ: TCBI) from $25 to $29 a share. According to the report, "TCBI reported very strong 2Q11 results that easily exceeded expectations. Inside the numbers, loan growth was spectacular (+55% LQA) and...

JP Morgan has issued a report raising the Price Target on M&T Bank (NYSE: MTB) from $97 to $100 a share. According to the report, "In the remainder of 2011, results are likely to remain noisy, the NIM is likely to compress further and loan growth is likely to remain modest, rendering the stock...

BB&T Corp (NYSE: BBT) reported a 46% rise in its Q2 net income. BBT's quarterly net income surged to $327 million, from $224 million, in the year-ago period. Its earnings per share rose to $0.44 per share from $0.30 per share. The group's revenue declined 10% to $2.18 billion. Analysts were...

Jefferies & Company has changed the price target on the following companies: Hansen Natural Corp. (NASDAQ: HANS) Buy, PT from $85.00 to $90.00 Mattel, Inc. (NASDAQ: MAT) Buy, PT from $31.00 to $33.00 Nalco Holding (NYSE: NLC) Hold, PT from $30.00 to $38.80 Northern Trust (NASDAQ: NTRS) Hold...

Wunderlich Securities has raised the price target on Texas Capital Bancshares (NASDAQ: TCBI) from $25 to $29 and maintains its Hold rating.

JP Morgan has raised the price target on M&T Bank (NYSE: MTB) from $97 to $100 and maintains its Neutral rating.

Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Wednesdays's trading session (listed from highest total volume to lowest): 1) Nalco Holding (NYSE: NLC): Shares...

Wunderlich Securities reiterated its Hold rating on Texas Capital (NASDAQ: TCBI). At the same time, the rating agency raised its price target on the company's stock to $29. On Wednesday, TCBI added 0.04% to its value to finish the day at $26.90. Its shares continued to climb in today's pre-market...

Wunderlich Securities reiterated its Buy rating on Renasant (NASDAQ: RNST). At the same time, the rating agency left its price target on the company's stock unchanged at $20. On Wednesday, RNST added 0.06% to its value to end the day at $15.56.

Rodman & Renshaw reiterated its Market Perform rating on Renasant (NASDAQ: RNST). On Wednesday, RNST added 0.06% to its value to end the day at $15.56.

Community Partners Bancorp (Nasdaq: CPBC) announced that it has received preliminary approval to receive an investment of $12 million in the Company's preferred stock from the United States Department of the Treasury under the Small Business Lending Fund. The SBLF is a voluntary program intended to...

FirstMerit Corporation (Nasdaq: FMER) and Matthew L. Fornshell, in his capacity as Receiver for Joanne and Alan Schneider, today announced a settlement of Mr. Fornshell's lawsuit against FirstMerit Bank, N.A. The lawsuit relates to the collapse of an alleged Ponzi scheme orchestrated by the...