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FHN

First Horizon

$18.40

0.1 (0.55%)

, CBF

Capital Bank

$39.95

0.25 (0.63%)

16:33
11/17/17
11/17
16:33
11/17/17
16:33

First Horizon, Capital Bank agree to sell two branches to Apex Bank

First Horizon (FHN) and Capital Bank Financial (CBF) announced that, in connection with their proposed merger, Capital Bank Corporation will sell two branches in Greene County, totaling approximately $34M in deposits and $2.5M in loans, to Apex Bank, a Tennessee banking corporation. Apex Bank's purchase includes both branches slated for divestiture under First Horizon's agreement with the United States Department of Justice and commitments to the Board of Governors of the Federal Reserve System, which were entered into in connection with a customary review of First Horizon's pending merger with Capital Bank Financial. Apex Bank has $517M in assets and currently operates 11 branches in Tennessee, including two branches in Greene County. Apex Bank expects to retain all current branch employees when the purchase closes.

FHN

First Horizon

$18.40

0.1 (0.55%)

CBF

Capital Bank

$39.95

0.25 (0.63%)

FHN First Horizon
$18.40

0.1 (0.55%)

09/27/17
MSCO
09/27/17
INITIATION
Target $19.5
MSCO
Equal Weight
First Horizon resumed with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Ken Zerbe resumed coverage of First Horizon National with an Equal Weight rating and $19.50 price target, saying he believes the benefits of the deal to acquire Capital Bank Financial are baked in at current levels.
09/27/17
09/27/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Netflix (NFLX), JD.com (JD) initiated with an Outperform at Wells Fargo, and Baidu (BIDU) were initiated with an Outperform at Wells Fargo. 2. Zealand Pharma (ZEAL) initiated with a Buy at Goldman Sachs. 3. Olin (OLN) initiated with a Buy at Citi. 4. First Horizon (FHN) resumed with an Equal Weight at Morgan Stanley. 5. CRH (CRH) initiated with a Buy at Jefferies. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/08/17
RAJA
11/08/17
UPGRADE
RAJA
Strong Buy
First Horizon upgraded to Strong Buy from Outperform at Raymond James
11/08/17
RAJA
11/08/17
UPGRADE
Target $22
RAJA
Strong Buy
First Horizon upgraded to Strong Buy at Raymond James
As previously reported Raymond James upgraded First Horizon to Strong Buy from Outperform with a $22 price target. Analyst Michael Rose said discounted valuation does not reflect acquisition benefits of Capital Bank and managements guidance for greater cost savings above the original $65M forecast.
CBF Capital Bank
$39.95

0.25 (0.63%)

02/24/17
BMUR
02/24/17
INITIATION
Target $46
BMUR
Buy
Capital Bank initiated with a Buy at Brean Capital
Brean Capital analyst Blair Brantley started Capital Bank Financial with a Buy rating and $46 price target. The analyst sees more upside in earnings and franchise value for the company.
03/16/17
BMUR
03/16/17
NO CHANGE
Target $46
BMUR
Buy
Capital Bank sale rumor timing surprising, says Brean Capital
Brean Capital analyst Blair Brantley noted yesterday's media report that Capital Bank was exploring a sale. He said he believed the company would eventually sell itself, though the timing of the rumor was surprising as he sees a fair amount of excess capacity to be levered and earnings power yet to be realized. Brantley reiterated his Buy rating and $46 price target on Capital Bank shares.
04/24/17
04/24/17
DOWNGRADE
Target $44

Market Perform
Capital Bank downgraded to Market Perform from Outperform at FBR Capital
FBR Capital analyst Stephen Moss downgraded Capital Bank Financial to Market Perform saying the valuation looks full following the company's Q1 results. The analyst lowered her price target for the shares to $44 from $45.
05/08/17
BMUR
05/08/17
DOWNGRADE
BMUR
Hold
Capital Bank downgraded to Hold from Buy at Brean Capital
Brean Capital analyst Blair Brantley downgraded Capital Bank Financial to Hold citing "limited chance" of an unsolicited offer to compete with the First Horizon National deal.

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AAPL

Apple

$164.22

0.41 (0.25%)

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EWY

iShares MSCI South Korea Index Fund

$75.21

1.94 (2.65%)

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SPDR S&P 500 ETF Trust

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2.59 (0.98%)

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$75.21

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SPY

SPDR S&P 500 ETF Trust

$266.23

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EWJ

iShares MSCI Japan Index Fund

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XOM

Exxon Mobil

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1.35 (1.70%)

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Chevron

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1.53 (1.25%)

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$80.86

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CVX

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$124.22

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SNY

Sanofi

$40.37

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CHTR

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$297.00

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SPG

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LYB

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1.11 (1.05%)

MCO

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1.955 (1.20%)

WY

Weyerhaeuser

$36.64

0.46 (1.27%)

COL

Rockwell Collins

$133.00

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HMC

Honda

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0.18 (0.52%)

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PROV

Provident Financial

$18.34

0.1 (0.55%)

20:01
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WAL

Western Alliance

$59.31

0.2 (0.34%)

19:55
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  • 14

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NOV

National Oilwell

$38.65

0.365 (0.95%)

19:54
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XRX

Xerox

$30.42

-0.21 (-0.69%)

19:30
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Hot Stocks
Breaking Hot Stocks news story on Xerox »

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  • 03

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SWN

Southwestern Energy

$4.52

0.055 (1.23%)

19:29
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Earnings
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XRX

Xerox

$30.42

-0.21 (-0.69%)

, FUJIY

Fujifilm

19:26
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19:26
Periodicals
Xerox, Fujifilm reopen merger talks, Reuters reports »

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XRX

Xerox

$30.42

-0.21 (-0.69%)

FUJIY

Fujifilm

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SBSI

Southside Bancshares

$35.31

-0.32 (-0.90%)

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GSHD

Goosehead Insurance

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DOCU

Docusign

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SMAR

Smartsheet

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  • 27

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NTDOY

Nintendo

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EXPE

Expedia

$106.42

-2 (-1.84%)

, BJRI

BJ's Restaurants

$49.55

0.95 (1.95%)

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Expedia

$106.42

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Amazon.com

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SIVB

SVB Financial

$257.67

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CHGG

Chegg

$21.67

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BIDU

Baidu

$239.14

7.7 (3.33%)

INTC

Intel

$53.08

1.69 (3.29%)

KN

Knowles

$11.15

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EMN

Eastman Chemical

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ELY

Callaway Golf

$16.82

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MSFT

Microsoft

$94.25

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BYD

Boyd Gaming

$33.45

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NUS

Nu Skin

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MAT

Mattel

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S

Sprint

$6.00

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OAS

Oasis Petroleum

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FLEX

Flex

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LOGM

LogMeln

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CLD

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X

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$37.65

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AMKR

Amkor Technology

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CUBE

CubeSmart

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SBUX

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TNDM

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WELL

Welltower

$50.01

-0.445 (-0.88%)

, QCP

Quality Care Properties

$21.70

-1.02 (-4.49%)

19:01
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Recommendations
Welltower, Quality Care Properties analyst commentary at MUFG »

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WELL

Welltower

$50.01

-0.445 (-0.88%)

QCP

Quality Care Properties

$21.70

-1.02 (-4.49%)

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MNOV

MediciNova

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SBSI

Southside Bancshares

$35.31

-0.32 (-0.90%)

18:58
04/26/18
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Southside Bancshares raises quarterly dividend 7.1% to 30c per share »

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SFNC

Simmons First National

$30.38

-0.125 (-0.41%)

18:50
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Hot Stocks
Simmons First National exec sells 50,000 shares »

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ISBC

Investors Bancorp

$13.55

-0.05 (-0.37%)

18:46
04/26/18
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18:46
Earnings
Investors Bancorp reports Q1 EPS 20c, consensus 18c »

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BIDU

Baidu

$239.14

7.7 (3.33%)

18:24
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18:24
Hot Stocks
Breaking Hot Stocks news story on Baidu »

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