KBW Resumes Coverage on Bridge Capital Holdings at Outperform (BBNK)

KBW is out with its report today on Bridge Capital Holdings BBNK, resuming coverage at Outperform. In a note to clients, KBW writes, "We are resuming coverage of BBNK with an Outperform rating. In our opinion, there is scarcity value in the banks that operate in the Silicon Valley, which has a dynamic economy and is an attractive banking market. BBNK is a growth bank in a solid market with a strong balance sheet and conservative risk management, a compelling combination in our view. Establishing estimates and PT of $12.50." Shares of BBNK closed Monday at $10.15.