Wunderlich Securities Maintains Hold Rating and PT of $35 On SCBT Financial Corporation (SCBT)

Wunderlich Securities reiterated its Hold rating on SCBT Financial Corporation's SCBT shares in a research report published today. Its price target remained unchanged at $35.00 as well. In spite of maintaining its rating and price target on SCBT Financial, Wunderlich remains positive on the company's future. In the report, Wunderlich summed up its optimism by saying: "In our opinion, SCBT is making all of the right moves to build a top-notch institution in the Carolinas and North Georgia with significant long-term opportunities. As the company's investment in its franchise matures and credit costs decline, we expect meaningfully higher profitability, but the process will likely take several quarters to become evident." On Friday, SCBT Financial lost 0.22% to close the week at $32.24.