Wunderlich Securities Initiates Coverage on SCBT Financial (SCBT) with a Buy
More News related to SCBT
- Herbert G. Gray Joins the Board of SCBT Financial Corporation
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- Wunderlich Securities Initiates Coverage on SCBT Financial (SCBT) with a Buy
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Wunderlich Securities initiates coverage on SCBT Financial (Nasdaq: SCBT) with a Buy. Price target $32.
Wunderlich analyst says, "We believe SCBT Financial is well positioned to capitalize on the evolving competitive landscape in the Carolinas that is tilting in favor of smaller, locally focused institutions with an abundance of capital, limited government interference, and a strong and stable franchise led by expert management. Additionally, we believe the environment will become increasingly favorable over the next couple of years for institutions such as SCBT Financial to benefit from accretive FDIC-assisted acquisitions of troubled banks in South Carolina and adjacent markets."
To see more analyst ratings on SCBT Click Here.
SCBT Financial Corporation, through its subsidiaries, provides retail and commercial banking services, mortgage lending services, trust and investment services, and consumer finance loans.
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