Rodman & Renshaw Starts Coverage on Regional Bank Sector
More News related to CBC
- Central Completes Due Diligence on Newman Todd Property and Moves Forward With Option
- Central Completes Due Diligence on Newman Todd Property and Moves Forward With Option
- Central Closes $550,000 Private Placement
- Central Closes $550,000 Private Placement
- Capitol Bancorp Reports Third Quarter Results
More News related to CVBF
- CVB Financial Corp. Reports Record Results for Third Quarter 2009
- CVB Financial Corp Announces Acquisition of San Joaquin Bank
- Collins Stewarts Starts Banking Industry at Market Weight: BAC, FITB, JPM, STI at Buy; MTB, ZION at Sell
- CVB Financial (CVBF) Approves $0.085 Per Share Quarterly Dividend
- CVB Financial Corp. Announces 80th Consecutive Cash Dividend
More News related to EFSC
- Enterprise Financial Reports Third Quarter 2009 Results
- Enterprise Financial Announces Delay of Third Quarter Earnings Release
- Rodman & Renshaw Starts Coverage on Regional Bank Sector
- Enterprise Financial (EFSC) to Add $60 Million in Capital
- Stifel Nicolaus Downgrades Enterprise Financial (EFSC) to Hold
More News related to New Coverage
- Canaccord Adams Downgrades Golden Star Resources Ltd. (GSS) to Hold
- Barrington Downgrades Perceptron (PRCP) Following Q1 Miss
- DA Davidson Issues Mid-Day Downgrade on FEI Company (FEIC)
- D.A. Davidson Downgrades Sterling Construction (STRL) to Neutral
- BMO Capital Downgrades MF Global (MF) to Market Perform
Rodman & Renshaw initiated coverage today on a select group of regional, mid-sized banks with asset bases between $1.5-$9 billion.
The firm said, "We expect certain stocks in this coverage group to outperform both its peer set and the overall market over the next 12- 18 months. The related universe is trading close to tangible book values and we believe current valuations unduly penalize select quality banks as investors have focused on and overemphasized near-term pain points while discounting the longer-term earnings potential. While we see little downside risk from current levels, valuations are likely to be subdued in the near term as earnings uncertainty continues. However, this presents an attractive entry opportunity for long term investors willing to look through near term uncertainty."
- Capitol Bancorp (NYSE: CBC); Market Outperform, $4.50 tgt
- CVB Financial (Nasdaq: CVBF); Market Perform
- Enterprise Financial Services (Nasdaq: EFSC); Market Outperform, $11 tgt
- MB Financial (Nasdaq: MBFI); Market Perform
- Bank of Ozarks (Nasdaq: OZRK); Market Outperform, $30 tgt
- Park National CP (NYSE: PRK); Market Perform
- Republic Bancorp (Nasdaq: RBCAA); Market Perform
- Sun Bancorp (Nasdaq: SNBC); Market Perform
- WesBanco (Nasdaq: WSBC); Market Perform
- Yadkin Valley Financial (Nasdaq: YAVY); Market Outperform, $8.50 tgt
Related Categories
New CoverageStocks Mentioned
-0.15
+0.07Related 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!
