Breaking News Instant updates and real-time market news.

ABTX

Allegiance Bancshares

$39.55

1.1 (2.86%)

, CADE

Cadence Bancorporation

$24.41

0.6 (2.52%)

04:55
11/29/17
11/29
04:55
11/29/17
04:55

Stephens to hold a field trip

Southwest/Southeast Regional Banks Investor Field Trip travels throughout Texas, Louisiana and end in Tampa, FL on November 28-29.

ABTX

Allegiance Bancshares

$39.55

1.1 (2.86%)

CADE

Cadence Bancorporation

$24.41

0.6 (2.52%)

PB

Prosperity Bancshares

$67.86

2.62 (4.02%)

HBHC

Hancock Holding

$50.65

1.8 (3.68%)

IBKC

Iberiabank

$76.55

2.8 (3.80%)

TRMK

Trustmark

$33.77

1.13 (3.46%)

RNST

Renasant

$42.21

1.2 (2.93%)

CSFL

CenterState Banks

$26.69

0.64 (2.46%)

ABCB

Ameris Bancorp

$49.85

1.6 (3.32%)

  • 29

    Nov

  • 30

    Nov

  • 04

    Dec

  • 30

    Jan

ABTX Allegiance Bancshares
$39.55

1.1 (2.86%)

12/13/16
12/13/16
UPGRADE

Outperform
Allegiance Bancshares upgraded to Outperform at Baird
As previously reported, Baird analyst Bryce Rowe upgraded Allegiance Bancshares (ABTX) to Outperform from Neutral citing higher expectations for 2017 and 2018 earnings since the election amid optimism for lower corporate tax rates, higher interest rates, and reduced regulatory burdens. Rowe raised his target on Allegiance to $39 from $29. In his update on community banks, Rowe said more broadly that downside risks now generally outweighs potential upside in the sector following its post-election run and he also downgraded First Bank (FRBA) to Neutral from Outperform.
12/13/16
BARD
12/13/16
UPGRADE
BARD
Outperform
Allegiance Bancshares upgraded to Outperform from Neutral at Baird
CADE Cadence Bancorporation
$24.41

0.6 (2.52%)

05/31/17
KBWI
05/31/17
INITIATION
Target $25
KBWI
Market Perform
Cadence Bancorporation initiated with a Market Perform at Keefe Bruyette
Keefe Bruyette analyst Brady Gailey started Cadence Bancorporation with a Market Perform rating and $25 price target.
05/10/17
05/10/17
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. FactSet (FDS) initiated with a Hold at Deutsche Bank. 2. Cadence Bancorporation (CADE) was initiated with an Overweight at Stephens and an Outperform at Baird. 3. MagnaChip (MX) initiated with a Neutral at Citi. 4. Semtech (SMTC) initiated with an Outperform at Baird. 5. Lion Biotechnologies (LBIO) initiated with a Buy at Rodman & Renshaw. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/10/17
SPHN
05/10/17
INITIATION
Target $25
SPHN
Overweight
Cadence Bancorporation initiated with an Overweight at Stephens
Stephens initiated Cadence Bancorporation with an Overweight and a $25 price target.
09/06/17
RBCM
09/06/17
INITIATION
RBCM
Outperform
Cadence Bancorporation initiated with an Outperform at RBC Capital
RBC Capital analyst Jon Arfstrom started coverage of Cadence with a $25 price target and an Outperform rating. The analyst expects the company's earnings to increase due to "a favorable growth outlook and potentially higher margins."
PB Prosperity Bancshares
$67.86

2.62 (4.02%)

08/28/17
RHCO
08/28/17
NO CHANGE
RHCO
Texas bank weakness creates buying opportunity, says SunTrust
SunTrust analyst Jennifer Demba predicts that the flooding in Texas will negatively impact the stocks of banks based in the state. She thinks that the "probable" weakness of the following bank stocks will create buying opportunities: Zions Bancorp (ZION), Cullen/Frost (CFR), Prosperity Bancshares (PB), and Texas Capital (TCBI).
08/10/17
RAJA
08/10/17
DOWNGRADE
RAJA
Underperform
Prosperity Bancshares downgraded to Underperform at Raymond James
08/03/17
08/03/17
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. Prosperity Bancshares (PB) initiated with an Overweight at Barclays. 2. Corvus Pharmaceuticals (CRVS) initiated with an Outperform at Wedbush. 3. Molecular Templates (MTEM) initiated with a Buy at Ladenburg. 4. PVH Corp. (PVH) reinstated with a Buy at BofA/Merrill. 5. Esquire Financial (ESQ) initiated with a Buy at Sandler O'Neill. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/03/17
LEHM
08/03/17
INITIATION
Target $72
LEHM
Overweight
Prosperity Bancshares initiated with an Overweight at Barclays
Barclays analyst Matthew Keating started Prosperity Bancshares with an Overweight rating and $72 price target. The analyst sees the company benefiting from accelerating organic loan growth accelerating and a recovering Texas economy.
HBHC Hancock Holding
$50.65

1.8 (3.68%)

10/05/17
PIPR
10/05/17
INITIATION
Target $52
PIPR
Overweight
Hancock Holding asumed with an Overweight at Piper Jaffray
Piper Jaffray analyst William Curtiss assumed coverage of Hancock Holding with an Overweight rating and $52 price target.
05/12/17
PIPR
05/12/17
UPGRADE
Target $53.5
PIPR
Overweight
Hancock Holding upgraded to Overweight from Neutral at Piper Jaffray
Piper Jaffray analyst Peyton Green upgraded Hancock Holding to Overweight saying "stronger" earnings growth from "very attractively priced" acquisitions will drive a higher valuation over the next year. The analyst upped his price target for the shares to $53.50 from $48.
08/21/17
08/21/17
UPGRADE

Outperform
Hancock Holding upgraded to Outperform from Market Perform at Keefe Bruyette
As previously reported, Keefe Bruyette analyst Catherine Mealor upgraded Hancock Holding to Outperform from Market Perform, stating that her recent meetings with management gave her comfort that the company is on track to hit a number of its strategic objectives ahead of schedule. She also argues that the post-earnings pullback in the stock has been overdone.
08/21/17
KBWI
08/21/17
UPGRADE
KBWI
Outperform
Hancock Holding upgraded to Outperform from Market Perform at Keefe Bruyette
IBKC Iberiabank
$76.55

2.8 (3.80%)

11/28/17
RHCO
11/28/17
UPGRADE
Target $85
RHCO
Buy
Iberiabank upgraded to Buy at SunTrust on 'compelling valuation'
As reported earlier, SunTrust analyst Jennifer Demba upgraded Iberiabank to Buy from Hold and raised her price target to $85 from $80. Demba says that the management is now more focused on improving return-on-average-assets following a substantial Q3 earnings miss. The analyst adds that December's outlook for FY18 may include more cost saving plans while added storm provisioning provides additional credit cost cushion. Demba also notes "compelling valuation" for Iberiabank, which trades at 12.8-times FY18 EPS consensus versus a peer median of 15.1-times.
11/28/17
RHCO
11/28/17
UPGRADE
RHCO
Buy
Iberiabank upgraded to Buy from Hold at SunTrust
10/25/17
RHCO
10/25/17
NO CHANGE
Target $80
RHCO
Hold
Iberiabank price target lowered to $80 from $90 at SunTrust
SunTrust analyst Jennifer Demba lowered her price target on Iberiabank to $80 and kept her Hold rating following Q3 results. Demba says the announced acquisition of Gibraltar Private Bank is low risk in nature, but results may be noisy over the next few quarters and NYC expansion could generate some added expenses.
10/23/17
BARD
10/23/17
DOWNGRADE
Target $78
BARD
Neutral
Iberiabank downgraded to Neutral at Baird
As reported previously, Baird analyst Bryce Rowe downgraded IberiaBank to Neutral from Outperform. He cited the veering off of core profitability and its current valuation versus peers, which he views as justified. Rowe lowered his price target to $78 from $97 on IberiaBank shares.
TRMK Trustmark
$33.77

1.13 (3.46%)

12/09/16
SPHN
12/09/16
NO CHANGE
Target $35
SPHN
Equal Weight
Trustmark price target raised to $35 from $27 at Stephens
Stephens analyst Matt Olney raised his price target for Trustmark to $35 from $27 following the acquisition of RB Bancorporation. The analyst reiterates an Equal Weight rating on the shares.
03/22/17
HOVD
03/22/17
UPGRADE
HOVD
Outperform
Trustmark upgraded to Outperform from Market Perform at Hovde Group
06/23/17
HOVD
06/23/17
DOWNGRADE
HOVD
Market Perform
Trustmark downgraded to Market Perform from Outperform at Hovde Group
RNST Renasant
$42.21

1.2 (2.93%)

11/29/16
KBWI
11/29/16
DOWNGRADE
Target $43
KBWI
Market Perform
Renasant downgraded to Market Perform from Outperform at Keefe Bruyette
Keefe Bruyette analyst Catherine Mealor downgraded Renasant to Market Perform citing valuation. The analyst raised her price target for the shares to $43 from $37.
12/20/16
HDLY
12/20/16
DOWNGRADE
HDLY
Neutral
Renasant downgraded to Neutral from Buy at Hilliard Lyons
CSFL CenterState Banks
$26.69

0.64 (2.46%)

08/29/17
BMUR
08/29/17
INITIATION
BMUR
Hold
CenterState Banks initiated with a Hold at Brean Capital
Brean Capital analyst Blair Brantley started CenterState Banks with a Hold rating. The analyst recommends waiting for a better entry point.
09/28/17
SPHN
09/28/17
NO CHANGE
Target $52
SPHN
Overweight
Ameris Bancorp called 2017 Best Idea at Stephens
Stephens analyst Tyler Stafford has changed his 2017 Best Idea to Ameris Bancorp (ABCB) from CenterState Banks (CSFL), citing expectations for Ameris to see strong near-term outperformance following the likely resolution of its regulatory BSA order. Additionally, he expects Ameris to make a series of EPS and tangible book value accretive acquisitions. He reiterates his Overweight rating and $52 price target on Ameris shares.
10/24/17
SPHN
10/24/17
DOWNGRADE
Target $28
SPHN
Equal Weight
CenterState Banks downgraded to Equal Weight from Overweight at Stephens
Stephens analyst Tyler Stafford downgraded CenterState Banks to Equal Weight from Overweight ahead of the bank's earnings report, which he suspects could be weak relative to expectations given soft loan growth and seasonal declines in its correspondent fee income business. He maintains a $28 price target on CenterState shares.
ABCB Ameris Bancorp
$49.85

1.6 (3.32%)

10/05/17
PIPR
10/05/17
INITIATION
Target $47.5
PIPR
Neutral
Ameris Bancorp assumed with a Neutral at Piper Jaffray
Piper Jaffray analyst William Curtiss assumed coverage of Ameris Bancorp with a Neutral rating and $47.50 price target.
11/20/17
KBWI
11/20/17
UPGRADE
Target $57
KBWI
Outperform
Ameris Bancorp upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette analyst Brady Gailey upgraded Ameris Bancorp to Outperform and raised his price target for the shares to $57 from $52 following the company's update on the Atlantic Coast Financial (ACFC) acquisition and Bank Secrecy Act compliance.
04/26/17
RHCO
04/26/17
UPGRADE
RHCO
Buy
Ameris Bancorp upgraded to Buy from Hold at SunTrust
SunTrust analyst Jennifer Demba upgraded Ameris Bancorp to Buy and raised its price target to $55 from $50 saying growth is underappreciated. Demba said the company reported a solid Q1 and expects AMeris to return to acquisitions once the BSA/AML issue is resolved, combined with continued strong loan growth and revenue growth outlook makes her more positive on shares.

TODAY'S FREE FLY STORIES

03:05
12/14/17
12/14
03:05
12/14/17
03:05
General news
FX Action: USD-CAD ebbed to a six-day low »

FX Action: USD-CAD ebbed…

02:35
12/14/17
12/14
02:35
12/14/17
02:35
General news
FX Update: The dollar turned to consolidation »

FX Update: The dollar…

01:55
12/14/17
12/14
01:55
12/14/17
01:55
General news
FX Action: The USD index (DXY) fell 0.8% »

FX Action: The USD index…

23:00
12/13/17
12/13
23:00
12/13/17
23:00
General news
PBoC nudged rates higher »

PBoC nudged rates higher,…

LPSN

LivePerson

$11.05

-0.05 (-0.45%)

20:28
12/13/17
12/13
20:28
12/13/17
20:28
Initiation
LivePerson initiated at B. Riley FBR »

LivePerson initiated with…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 13

    Dec

HUSKF

Husky Energy

$12.42

-0.1177 (-0.94%)

20:26
12/13/17
12/13
20:26
12/13/17
20:26
Upgrade
Husky Energy rating change at Goldman Sachs »

Husky Energy upgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

COP

ConocoPhillips

$51.68

-0.28 (-0.54%)

20:25
12/13/17
12/13
20:25
12/13/17
20:25
Upgrade
ConocoPhillips rating change at Goldman Sachs »

ConocoPhillips upgraded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 13

    Dec

  • 14

    Dec

SAFM

Sanderson Farms

$167.64

0.64 (0.38%)

20:25
12/13/17
12/13
20:25
12/13/17
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 14

    Dec

DB

Deutsche Bank

$19.33

-0.05 (-0.26%)

19:17
12/13/17
12/13
19:17
12/13/17
19:17
Hot Stocks
DBNY, DBTCA raise prime lending rate to 4.5% from 4.25% »

Deutsche Bank announced…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

T

AT&T

$38.04

-0.06 (-0.16%)

18:47
12/13/17
12/13
18:47
12/13/17
18:47
Hot Stocks
AT&T and Communications Workers of America reach tentative agreement »

AT&T Mobility has…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

BMY

Bristol-Myers

$63.47

0.19 (0.30%)

18:33
12/13/17
12/13
18:33
12/13/17
18:33
Hot Stocks
Bristol-Myers granted exclusive license by Ono Pharma to develop ONO-4578 »

Bristol-Myers and Ono…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Jan

  • 05

    Mar

WFC

Wells Fargo

$59.40

-0.93 (-1.54%)

18:15
12/13/17
12/13
18:15
12/13/17
18:15
Hot Stocks
Breaking Hot Stocks news story on Wells Fargo »

Wells Fargo raises prime…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 15

    Jan

HBAN

Huntington Bancshares

$14.58

-0.23 (-1.55%)

18:10
12/13/17
12/13
18:10
12/13/17
18:10
Hot Stocks
Huntington Bancshares raises prime rate to 4.5% from 4.25% »

Huntington Bancshares…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ASB

Associated Banc-Corp

$25.10

-0.2 (-0.79%)

18:06
12/13/17
12/13
18:06
12/13/17
18:06
Hot Stocks
Breaking Hot Stocks news story on Associated Banc-Corp »

Associated Banc-Corp…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

UBS

UBS

$17.90

0.035 (0.20%)

18:05
12/13/17
12/13
18:05
12/13/17
18:05
Periodicals
UBS Wealth Management president Zeltner close to stepping down, Bloomberg says »

UBS Wealth Management…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

PFE

Pfizer

$36.64

0.06 (0.16%)

18:03
12/13/17
12/13
18:03
12/13/17
18:03
Hot Stocks
Pfizer announces FDA approves IXIFI, a biosimilar to Remicade »

Pfizer announced that the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 04

    Jan

CNP

CenterPoint Energy

$28.40

0.02 (0.07%)

18:03
12/13/17
12/13
18:03
12/13/17
18:03
Hot Stocks
CenterPoint Energy raises quarterly dividend 4% to 27.75c per share »

CenterPoint Energy…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

MDXG

MiMedx

$11.99

-0.26 (-2.12%)

18:03
12/13/17
12/13
18:03
12/13/17
18:03
Recommendations
MiMedx analyst commentary at Piper Jaffray »

Piper reiterates…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 13

    Dec

CE

Celanese

$108.31

1.34 (1.25%)

18:01
12/13/17
12/13
18:01
12/13/17
18:01
Hot Stocks
Celanese raises acetyl intermediates products prices »

Raises price on Vinyl…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

WAL

Western Alliance

$57.30

-1.25 (-2.13%)

18:01
12/13/17
12/13
18:01
12/13/17
18:01
Hot Stocks
Western Alliance: Sarver to transition from chairman, CEO to exec chairman in Q1 »

Western Alliance…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

USB

U.S. Bancorp

$54.60

-0.9 (-1.62%)

18:01
12/13/17
12/13
18:01
12/13/17
18:01
Hot Stocks
U.S. Bancorp raises prime lending rate to 4.50% from 4.25%, effective Dec 14 »

U.S. Bancorp last…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 17

    Jan

WBS

Webster Financial

$56.16

-0.73 (-1.28%)

18:00
12/13/17
12/13
18:00
12/13/17
18:00
Hot Stocks
Webster raises prime lending rate to 4.5% from 4.25% »

Webster Financial…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 14

    Dec

HSBC

HSBC

$51.44

0.89 (1.76%)

17:56
12/13/17
12/13
17:56
12/13/17
17:56
Hot Stocks
Breaking Hot Stocks news story on HSBC »

HSBC raises prime,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

WTR

Aqua America

$37.59

0.32 (0.86%)

17:47
12/13/17
12/13
17:47
12/13/17
17:47
Hot Stocks
Aqua America names CEO Christopher Franklin as board chairman »

Aqua America announced…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 17

    Jan

MSFT

Microsoft

$85.35

-0.23 (-0.27%)

17:38
12/13/17
12/13
17:38
12/13/17
17:38
Hot Stocks
Microsoft launches new AI-powered search features for Bing »

Microsoft announced in a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    Jan

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.