Goldman Sachs Starts Capital Bank Financial (CBF) at Neutral

Goldman Sachs initiates coverage on Capital Bank Financial (NASDAQ: CBF) with a Neutral. PT $21.00.

"One of the keys to CBF, in our view, is management's strong track record and considerable experience in the Southeast markets; a factor we believe has contributed to both its ability to win M&A deals at attractive pricing as well as its strong organic loan production," the analyst comments. "Nevertheless, while we believe there are ample opportunities for CBF to grow both organically and through additional M&A, its Southeast US footprint is one of the most competitive banking environments in the country, potentially limiting upside in our view."

For an analyst ratings summary and ratings history on Capital Bank Financial click here. For more ratings news on Capital Bank Financial click here.

Shares of Capital Bank Financial closed at $18.15 yesterday.

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