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KBW Positive On Pinnacle Financial Partners After Strong Q3, But Downgrades To Market Perform On Valuation
Thursday, October 20, 2016 - 10:05am | 382Read More...Keefe, Bruyette & Woods has downgraded Pinnacle Financial Partners (NASDAQ: PNFP) to Market Perform from Outperform on valuation, despite being positive on the bank’s fundamentals after a strong third quarter. “While it is hard to downgrade the shares of what we believe is one of...
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On Deck Has 'More Powerful Future Operating Leverage'
Wednesday, September 14, 2016 - 3:36pm | 212Read More...Keefe Bruyette & Woods says On Deck Capital Inc (NYSE: ONDK) sees benefits from marketplace as it provides liquidity and exposure to a different investor group. "We note that this shift creates an earnings headwind in the near term, but should translate into more powerful future...
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Seacoast Banking Set For Profitability Ramp, Says KBW
Thursday, September 1, 2016 - 12:04pm | 345Read More...KBW has upgraded Seacoast Banking Corporation of Florida (NASDAQ: SBCF) to Outperform from Market Perform, saying the bank is set for meaningfully higher profits due to improvements in efficiency and effectiveness. The upgrade boosted shares 6 percent to a new 52-week high of $17.52. In addition,...
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Why Loan Funding And Credit Matter More Than CFO Exit For LendingClub
Monday, August 15, 2016 - 8:10am | 294Read More...LendingClub Corp (NYSE: LC)'s announcement during its second-quarter earnings results that Chief Financial Officer Carrie Dolan resigned from the company represents a "negative shock value," according to Jefferson Harralson of Keefe, Bruyette & Woods (KBW), but there are other aspects of the...
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Why Are CIT Group Analysts So Concerned?
Monday, March 28, 2016 - 1:53pm | 338Read More...CIT Group Inc. (NYSE: CIT)’s stock is up more than 26 percent from its February lows, but the company’s recent Strategic Update failed to wow Wall Street. The company’s long path to potential meaningful growth appears to be much longer than many investors had hoped. “...
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Can C1 Financial Bank On A Sale? Stock Downgraded At KBW
Monday, October 19, 2015 - 8:08am | 363Read More...Shares of C1 Financial, Inc.(NYSE: BNK) have risen 10.51 percent in the last six months, reaching a high of $20.29 on October 16. Jefferson Harralson of Keefe, Bruyette & Woods has downgraded the company from Outperform to Market Perform, while maintaining the price target at $21....
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Upgrade Follows Price Drop On Pinnacle Financial Partners
Friday, September 11, 2015 - 8:20am | 289Read More...Shares of Pinnacle Financial Partners (NASDAQ: PNFP) have declined by about 14 percent since the peak levels achieved in July. Jefferson Harralson of Keefe, Bruyette & Woods has upgraded the rating on Pinnacle Financial from Market Perform to Outperform. Harralson believes that there...
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UPDATE: Keefe, Bruyette & Woods Reiterates, Raises PT On First Horizon National On Expected Untapped Earnings Power
Tuesday, January 6, 2015 - 9:20am | 111Read More...In a report published Tuesday, Keefe, Bruyette & Woods analyst Jefferson Harralson reiterated an Outperform rating on First Horizon National Corp. (NYSE: FHN), and raised the price target from $15.00 to $16.00. In the report, Keefe, Bruyette & Woods noted, “We are raising our FHN price...
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Keefe, Bruyette & Woods Sees Operating Leverage Being Created For Capital City Bank Group
Wednesday, August 20, 2014 - 9:53am | 167Read More...In a report published Wednesday, Keefe, Bruyette & Woods analyst Jefferson Harralson reiterated an Outperform rating and $17.00 price target on Capital City Bank Group (NASDAQ: CCBG). In the report, Keefe, Bruyette & Woods noted, “We marketed with CCBG in the Midwest and came away excited...
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UPDATE: Keefe, Bruyette & Woods Upgrades Capital City Bank on True Recovery Play
Wednesday, March 5, 2014 - 8:51am | 91Read More...In a report published Wednesday, Keefe, Bruyette & Woods analyst Jefferson Harralson upgraded the rating on Capital City Bank (NASDAQ: CCBG) from Market Perform to Outperform, and raised the price target from $11.00 to $17.00. In the report, Keefe, Bruyette & Woods noted, “We are upgrading...
