UPDATE: Credit Suisse Initiates Capital Bank Financial at Neutral; Dependent on Acquisitions
Credit Suisse initiated coverage on Capital Bank Financial (NASDAQ: CBF) with a Neutral rating and a $21 price target.
Credit Suisse said, "This is based both on our outlook for three EPS accretive bank acquisitions by YE '14 and strong underlying organic loan/deposit growth. Our positive organic growth prospects come from CBF's ability to enhance its acquired banks following capital infusions, accelerated loss recognition, and improved morale among employees. The key risk to the stock is the company's ability to find additional EPS accretive acquisitions, while minimizing dilution to book value.
Capital Bank Financial closed at $18.00 on Monday.
Latest Ratings for CBF
|Apr 2015||Keefe Bruyette & Woods||Maintains||Market Perform|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.