Baird Downgrades Virginia Commerce Bancorp (VCBI) to Neutral
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Baird downgrades Virginia Commerce Bancorp (Nasdaq: VCBI) from Outperform to Neutral. Price target lowered from $20 to $14 .
Virginia Commerce Bancorp, Inc. is the parent bank holding company of Virginia Commerce Bank (the Bank), a state-chartered bank. The Company engages in a general commercial banking business through the Bank. The Bank offers a range of business and consumer banking services. The Company has two business segments: community banking operations and mortgage banking division.
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