Market Overview

UPDATE: Credit Suisse Initiates Capital Bank Financial at Neutral; Dependent on Acquisitions

Share:
Related
20 Biggest Mid-Day Losers For Thursday
25 Stocks Moving In Thursday's Pre-Market Session

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

DateFirmActionFromTo
Apr 2017FBR CapitalDowngradesOutperformMarket Perform
Dec 2016BarclaysMaintainsOverweight
Nov 2016BarclaysMaintainsOverweight

View More Analyst Ratings for CBF
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Initiation Intraday Update Analyst Ratings

 

Related Articles (CBF)

View Comments and Join the Discussion!