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A Couple Of Analysts React To Bank Of Ozark's 'Highly Disappointing' Q3
Monday, October 22, 2018 - 4:28pm | 553Read More...Regional bank Bank Ozk (NASDAQ: OZK), formerly known as Bank of the Ozarks, reported Thursday afternoon with a large third-quarter miss that initially sent shares lower by 20 percent. The Analysts Morgan Stanley's Ken Zerbe downgraded Bank Ozk from Overweight to Equal-Weight with a price...
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Bank Of Ozarks Drops 23%, Analysts Weigh In After Year-Over-Year EPS Decline
Friday, October 19, 2018 - 11:15am | 485Read More...Bank Ozk (NASDAQ: OZK) shares plummeted Friday morning after the company reported third-quarter earnings that fell short of market expectations. Several analysts weighed in on the bank stock following the print. Here’s a sampling of what they had to say. Voices From The Street...
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BankUnited Downgraded By Morgan Stanley On Headwinds Facing Mid-Cap Banks
Tuesday, September 18, 2018 - 9:56am | 446Read More...Mid-cap banks are plagued by multiple issues that are hurting growth, according to Morgan Stanley. The Analyst Analyst Ken Zerbe downgraded shares of BankUnited (NYSE: BKU) from Overweight to Equal-weight and lowered the price target from $46 to $42. The Thesis The primary headwind for mid-...
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Morgan Stanley Upgrades Synovus Financial After Earnings, Profit Growth
Wednesday, March 7, 2018 - 11:35am | 404Read More...The bearish case against Synovus Financial Corp. (NYSE: SNV) has come to an end, according to Morgan Stanley. The Analyst Morgan Stanley's Ken Zerbe upgraded Synovus Financial from Underweight to Equal-weight with a price target raised from $52 to $53. The Thesis Synovus has...
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Morgan Stanley Upgrades KeyCorp, Downgrades Fifth Third Bancorp
Tuesday, July 5, 2016 - 10:01am | 424Read More...Morgan Stanley has updated its ratings on two mid-cap banks as it upgraded KeyCorp (NYSE: KEY) to Overweight and downgraded Fifth Third Bancorp (NASDAQ: FITB) to Equal Weight. "We see over 200 bps of ROTCE improvement at KEY through 2018, to an above-peer 13.1 percent. Combined with accelerating...
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Morgan Stanley Cuts Huntington Bancshares To Equal-weight As Sees Catalysts Lacking
Thursday, December 10, 2015 - 1:56pm | 234Read More...Morgan Stanley on Thursday issued a company update on Huntington Bancshares Incorporated (NASDAQ: HBAN) ahead of the Federal Reserve's meeting on interest rates next week. Morgan Stanley downgraded Huntington Bancshares from Overweight to Equal-weight and issued a $12.50 price target. Shares traded...
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Popular Upgraded At Morgan Stanley; Firm Says Biggest Negative Has Passed
Tuesday, June 30, 2015 - 8:27am | 243Read More...In a report published Tuesday, Morgan Stanley analyst Ken A Zerbe upgraded the rating on Popular Inc (NASDAQ: BPOP) from Underweight to Equal-weight, with a $31 price target. The analyst believes that the biggest negative economic impact on the stock has now passed. "The governor of Puerto Rico...
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Numerous Firms Initiate Coverage On Citizens Financial Group Following Quiet Period Expiration
Monday, November 3, 2014 - 1:25pm | 291Read More...On Monday, analysts at numerous firms initiated coverage on shares of Citizens Financial Group Inc (NYSE: CFG) following the expiration of the analyst quiet period. Oppenheimer Equity Research: Outperform rating with $29 price target. Ben Chittenden stated, “Our thesis for owning CFG...
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UPDATE: Morgan Stanley Initiates Coverage On Citizens Financial Group
Monday, November 3, 2014 - 10:10am | 142Read More...Morgan Stanley analyst Ken Zerbe initiated coverage of Citizens Financial Group Inc (NYSE: CFG) with an Overweight rating and a $27 price target. Zerbe commented, "We think CFG can deliver steady profitability improvement through clearly defined initiatives, reaching a 10 percent ROTCE in...
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Morgan Stanley Reiterates on Popular
Wednesday, January 15, 2014 - 9:11am | 217Read More...In a report published Wednesday, Morgan Stanley analyst Ken Zerbe reiterated an Underweight rating on Popular (NASDAQ: BPOP), with a price target of $24.00. According to the report, BPOP could eventually announce that it has received approval to repay its $935 million of TARP. Some will view this...
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Morgan Stanley Downgrades BancorpSouth on Weak Fundamental Profile
Monday, January 6, 2014 - 3:03pm | 216Read More...In a report published Monday, Morgan Stanley analyst Ken Zerbe downgraded BancorpSouth (NYSE: BXS) from Equal-weight to Underweight. Zerbe noted the 75% gain in BancorpSouth stock in 2013 and sees an unattractive risk-reward based on the company's weak fundamental profile. The analyst commented...
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UPDATE: Morgan Stanley Upgrades Commerce Bancshares, Cites More Balanced Risk-Reward and Peer-Average Return
Monday, January 6, 2014 - 12:01pm | 259Read More...In a report published Monday, Morgan Stanley analyst Ken Zerbe upgraded Commerce Bancshares (NASDAQ: CBSH) to Equal-weight from Underweight, keeping its $43.00 price target. According to the report, the downward pressure on NII has eased and following 689 bps underperformance in 2013, the...
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Morgan Stanley Reiterates on Popular, Sustained Improvement Expected
Monday, December 30, 2013 - 12:21pm | 152Read More...In a report published Monday, Stifel analyst Ken Zerbe reiterated an Underweight rating on Popular, Inc. (NASDAQ: BPOP). According to the report, “The Government Development Bank for Puerto Rico released its Economic Activity Index (EAI) for November, showing a decline of 5.7% Y/Y (versus 5.4%...
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UPDATE: Morgan Stanley Initiates Signature Bank with Overweight on Positive Outlook
Thursday, June 6, 2013 - 10:14am | 163Read More...In a report published on Thursday, Morgan Stanley analyst Ken Zerbe initiated coverage on Signature Bank (NASDAQ: SBNY) with an Overweight rating and an $86.00 price target based on sustainable organic growth for the company. In the report, Zerbe stated, "Signature is not a mass market bank, nor...
