HBMD: Loan Growth and Expense Control Counter Some NIM Pressures; Raising Estimates and Target Price; Reaffirming Neutral Rating. Howard Bancorp reported a 3Q19 net income of $4.6 million, up 122.1% compared to 2Q19 net income of $2.1 million. This translates to EPS...
FULT: Reduced NIM Outlook Leads to Lower EPS Estimates; Reducing Target Price, Reaffirming Neutral Rating. Fulton reported 3Q19 net income of $62.1 million or $0.37 per share, up 3.9% compared to the $59.8 million or $0.35 in 2Q19. Reported 3Q19 results exceeded our...
FBP: Solid Organic Growth Should Be Boosted by Pending Acquisition of Banco Santander Puerto Rico; Raising EPS Estimates and Price Target; Upgrading to Outperform Rating. First BanCorp announced an agreement to acquire Banco Santander Puerto Rico (BSPR) in an all-cash...
EGBN: Shows Continued Loan and Deposit Growth; Expect NIM Stabilization Next Year; Maintaining Target Price; Reiterating Outperform Rating. Eagle Bancorp reported 3Q19 net income available to common shareholders of $36.5 million, down 2.0% from the $37.2 million...
CUBI: Asset Mix Shift Drives NIM Expansion; BankMobile Posts Profit; Raising EPS Estimates and Target Price; Reiterating Outperform Rating. Customers Bancorp reported 3Q19 net income of $23.5 million, up 312.8% from the $5.7 million recorded in 2Q19. On a per share...
BPOP: Reducing EPS Estimates on Unfavorable NIM Outlook. Raising Target Price and Reiterating Outperform Rating. Popular reported a 2Q19 net income to common stockholders of $164.4 million, down 5.8% compared to the $170.20 million posted in 2Q19. On a per share...
