Keefe, Bruyette & Woods Upgrades OmniAmerican Bancorp (OABC) to Outperform; Texas Consolidation Wave Nears

Keefe, Bruyette & Woods upgraded OmniAmerican Bancorp (NASDAQ: OABC) from Neutral to Outperform with a new price target of $23.00.

Analyst. Brady Gailey, says, "We're upgrading OABC shares as the Texas consolidation wave nears and OABC is now within a year of its 3-year conversion anniversary, which occurs on January 20, 2013. We believe OABC could fetch something in the mid-$20 range, or a 45%-50% premium on top of today's stock price. 4Q11 results were roughly in-line with lower expenses, improved NPAs and continued share repurchases. Adjusting estimates and price target."

For an analyst ratings summary and ratings history on OmniAmerican Bancorp click here. For more ratings news on OmniAmerican Bancorp click here.

Shares of OmniAmerican Bancorp closed at $16.97 yesterday.

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