FBR Capital Drops Coverage on United Western Bancorp (UWBK); Regulatory Capital Headwinds & Continued Credit Pressure
UWBK Hot Sheet
Rating Summary:0 Buy, 0 Hold, 0 Sell
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Today's Overall Ratings:
Up: 20 | Down: 11 | New: 38
FBR Capital drops coverage on United Western Bancorp, Inc. (Nasdaq: UWBK)
FBR analyst says, "We continue to believe that risks outweigh rewards for UWBK shares given regulatory capital headwinds and continued credit pressure. United Western Bancorp is currently operating under a Cease and Desist order with the regulators, and to comply with the order, the company needs to boost its Tier 1 and total risk-based capital ratios to 8% and 12%, respectively, from current levels of 7.8% and 9.0%. Additionally, credit pressures continue to weigh on United Western's earnings, and we do not expect the company to return to profitability until the end of 2011. As such, we would remain cautious on UWBK shares until regulatory uncertainty abates and the company's prospects for returning to profitability become clearer."
To see all the upgrades/downgrades on shares of UWBK, visit our Analyst Ratings page.
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FBR analyst says, "We continue to believe that risks outweigh rewards for UWBK shares given regulatory capital headwinds and continued credit pressure. United Western Bancorp is currently operating under a Cease and Desist order with the regulators, and to comply with the order, the company needs to boost its Tier 1 and total risk-based capital ratios to 8% and 12%, respectively, from current levels of 7.8% and 9.0%. Additionally, credit pressures continue to weigh on United Western's earnings, and we do not expect the company to return to profitability until the end of 2011. As such, we would remain cautious on UWBK shares until regulatory uncertainty abates and the company's prospects for returning to profitability become clearer."
To see all the upgrades/downgrades on shares of UWBK, visit our Analyst Ratings page.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
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