Yield Curve, Tariffs Still Driving Bank Stock Valuations. We got the big news everyone was expecting on Wednesday, with the FOMC cutting rates 25 bps. This move comes on the last day of a month with economic reports pointing in different directions. There were still a...
OCFC: Announces Agreements to Acquire Two River Bancorp and Country Bank Holding Company, Extending Push into NYC Metro Area; Reducing 2020 EPS Estimates, but Raising 2021; Maintaining Target Price; Upgrading to Outperform Rating On Friday, OceanFirst Financial Corp....
FDVA: Loan Growth, Expense Control On Track, But NIM Falls Sharply; Maintaining Target Price; Reaffirming Neutral Rating. Freedom Bank of Virginia reported 2Q19 net income of $509k, compared to the $515k posted in 1Q19 and the $700k recorded in the year-ago period....
TCFC: Loan Growth, Expense Control, Asset Quality All Moving in Right Direction; Raising Price Target, Reiterating Outperform Rating. TCFC reported 2Q19 net income of $3.6 million, down 6.4% compared to the $3.9 million posted in 1Q19. On a per share basis, 2Q19...
CUBI: Balance Sheet Growth and Expected Margin Expansion Lead to Higher EPS Estimates; Maintaining Target Price; Reiterating Outperform Rating. Customers Bancorp reported 2Q19 net income of $5.7 million, down 52.0% from the $11.8 million recorded in 1Q19. On a per...
HBMD: Reports Good Loan Growth, Core Expense, But NIM Pressures Lead to Estimate Reductions; Lowering Target Price; Reaffirming Neutral Rating. Howard Bancorp reported a 2Q19 net income of $2.1 million, down 50.9% compared to 1Q19 net income of $4.3 million. This...
