Following Investor Day, Wunderlich Securities Maintains SCBT Financial Corporation Rating

Wunderlich Securities said today that it maintains its Buy rating on shares of SCBT Financial Corporation SCBT, “as well as our price target of $38 after attending the company's investor day last week in South Carolina.” “We came away impressed with the depth and quality of SCBT's management team as well as the company's core earnings power, which should enable the company to deal with lingering credit issues that may arise over the next several quarters,” Wunderlich Securities writes. “In the near term, earnings may be constrained by ongoing investments in the franchise; however, these investments are likely to add significant shareholder value over the next few years.” SCBT Financial Corporation currently trades at $31.15.