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...
FRBA: Reports Good Loan Growth, Expense Control; Maintaining Target Price and Reaffirming Neutral Rating. First Bank reported 2Q19 net income of $2.8 million, down 33.5% from the $4.3 million recorded in the prior quarter. On a per share basis, earnings were $0.15...
OCFC: Market Expansion Leads to Jump in Loan Pipeline, Expense Reduction Efforts Continue Apace; Reducing EPS Estimates on NIM Pressures; Reducing Target Price; Downgrading to Neutral Rating OceanFirst Financial Corp. reported 2Q19 net income of $19.0 million, down...
BPOP: Asset Quality Improvements, Balance Sheet Growth Lead to Increased EPS Estimates; Maintaining Target Price; Reiterating Outperform Rating. 2Q19 Results: Popular reported a 2Q19 net income to common stockholders of $170.2 million, up 1.9% compared to the $167.0...
OLBK: Downgrading Stock to Neutral Following Agreement to be Acquired by WesBanco. Concurrent with its 2Q19 earnings release, Old Line Bancshares announced an agreement to be acquired by Wheeling, WV-based WesBanco, Inc. (WSBC) in an all-stock deal valued at...
