Stifel Nicolaus Starts Virginia Commerce Bancorp (VCBI) at Hold
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Stifel Nicolaus resumes coverage on Virginia Commerce Bancorp (Nasdaq: VCBI) with a Hold rating.
The firm said current earnings expectations are too low, leading Stifel Nicolaus to believe shares are undervalued. On the other hand, the firm said the stock will remain to trade relatively flat as a result of investors not wanting to get involved in bank stocks, specifically ones exposed to housing construction.
Virginia Commerce Bancorp, Inc. operates as the holding company for Virginia Commerce Bank that provides various business and consumer banking products and services.
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