Wunderlich Names The Best Southern Regional Banks Heading Into Earnings

Loading...
Loading...

Wunderlich issued a report on southern regional banks Monday and analyst Kevin Reynolds noted that there “seems to be a fairly significant disconnect between sentiment and reality, as markets used a sharp drop in the price of oil as irrefutable evidence that the economic expansion in the U.S. was in peril.

“However, in a quarter in which the price of oil declined over 40 percent and the yield on 10-year Treasurys fell sharply toward the 2.00 percent threshold, commercial & industrial (C&I) loans outstanding for domestically chartered banks increased at a 15 percent annualized pace.”

Reynolds commented that “as it relates to our 4Q14 earnings preview, the fourth quarter should be fine, if not very strong, with a solid bias to the upside vs. consensus expectations in most cases.”

First Horizon National Corp FHN, Cullen/Frost Bankers, Inc. CFR and Pinnacle Financial Partners PNFP were rated Hold.

Below are the banks that the firm rated a Buy along with price targets.

  • BB&T Corporation BBT - $45.00 price target
  • BancorpSouth, Inc. BXS - $28.00 price target
  • Comerica Incorporated CMA - $65.00 price target
  • Home Bancshares Inc HOMB - $38.00 price target
  • Bank Of The Ozarks Inc OZRK - $41.00 price target
  • Regions Financial Corp RF - $13.00 price target
  • South State Corporation SSB - $72.00 price target
  • Texas Capital Bancshares Inc TCBI - $75.00 price target
  • Bankers Petroleum Ltd. BNK - $21.00 price target
  • CenterState Banks Inc CSFL - $16.00 price target
  • Hancock Holding Company HBHC - $43.00 price target
  • IBERIABANK Corp IBKC - $85.00 price target
  • Renasant Corp. RNST - $36.00 price target
  • State Bank Financial Corp STBZ - $23.00 price target
Loading...
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorPrice TargetAnalyst RatingsKevin ReynoldsWunderlich
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...