Keefe, Bruyette & Woods Upgrades Regional Banks
More News related to CFR
- Frost Unwraps Mobile Banking in Time for the Holidays
- Chemaphor Inc. Raises Funds in Private Placement
- Chemaphor Inc. Raises Funds in Private Placement
- Cullen/Frost Bankers Announces Quarterly Cash Dividend
- Cullen/Frost Bankers (CFR) posts Q3 EPS of $0.75; Net Income Up Y/Y
More News related to FFIN
- First Financial Bankshares Announces Plans for First Bank Branches in Fort Worth, Odessa
- First Financial Bankshares Announces Third Quarter Earnings
- First Financial Bankshares (FFIN) Tops Q2 EPS by 8c
- Keefe, Bruyette & Woods Upgrades Regional Banks
- First Financial Bankshares (FFIN) Tops Q1 EPS by 5c
More News related to PRSP
- Prosperity Bancshares, Inc.(R) to Present at the Sandler O'Neill East Coast Financial Services Conference
- Prosperity Bancshares, Inc.(R) Increases Cash Dividend
- Prosperity (PRSP) Beats Q3 Street EPS; Reports Increased Revs
- Prosperity Bancshares, Inc.(R) Reports Strong Third Quarter Earnings
- Trading Radar for 10/16: General Electric (GE), BofA (BAC), Halliburton (HAL), Mattel (MAT) Report; UofM Sentiment Index Due
More News related to Upgrades
- Shields & Co. Downgrades ALLETE, Inc. (ALE) to Hold
- Scotia Capital Downgrades Grupo Aeroportuario del Centro (OMAB) to Sector Perform
- Goldman Sachs Upgrades Bradesco and Banco do Brasil; Downgrades Bancolombia
- Wedbush Downgrades Burger King (BKC) to Underperform
- Morgan Stanley Upgrades Safeway (SWY), Downgrades SUPERVALU (SVU)
Keefe, Bruyette & Woods upgrades Cullen/Frost Bankers (NYSE: CFR), Prosperity Bancshares (Nasdaq: PRSP), First Financial Bankshares (NASDAQ: FFIN) and Southside Bancshares (Nasdaq: SBSI) to Market Perform.
Keefe analyst says, "After looking over the past due 30-89 days and nonaccrual loan data for the Texas banks, we are becoming more positive on the group despite headwinds that may appear later in the year. As a result, we are upgrading CFR,PRSP, FFIN and SBSI to Market Perform from Underperform. We are increasing the target prices of PRSP to $25, FFIN to $44 and SBSI to $19."
"There remain many mixed signals for the future of the Texas economy. While we are beginning to see
stabilization of energy prices at healthier levels than earlier in the year, we also continued to be concerned with increasing unemployment in the state."
Related Categories
UpgradesStocks Mentioned
+0.83
-0.50Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
