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FBK

FB Financial

$36.77

-0.36 (-0.97%)

, FHN

First Horizon

$16.36

-0.09 (-0.55%)

04:55
11/06/18
11/06
04:55
11/06/18
04:55

Stephens to hold a bank trip

Nashville Bank Trip travels throughout Nashville, TN on November 5-6.

FBK

FB Financial

$36.77

-0.36 (-0.97%)

FHN

First Horizon

$16.36

-0.09 (-0.55%)

PNFP

Pinnacle Financial

$53.23

0.01 (0.02%)

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    Dec

FBK FB Financial
$36.77

-0.36 (-0.97%)

09/25/18
SPHN
09/25/18
NO CHANGE
SPHN
FB Financial guidance may add caution about mortgage heavy banks, says Stephens
Stephens analyst Tyler Stafford noted that FB Financial (FBK) has lowered its mortgage expectations for the second half of the year, which he sees being driven by softer volumes than originally expected coupled with incremental GOS margin pressure. Stafford thinks FB Financial's guidance may make investors incrementally more cautious around other mortgage heavy banks, he tells investors. On a list of banks with the largest GOS mortgage exposures as a percentage of revenue as of Q2 2018, Stafford identifies HomeStreet (HMST), Hilltop Holdings (HTH), Fidelity Southern (LION) and Flagstar Bancorp (FBC) alongside FB Financial.
03/22/18
UBSW
03/22/18
INITIATION
Target $44
UBSW
Neutral
FB Financial initiated with a Neutral at UBS
UBS analyst Brock Vandervliet started FB Financial with a Neutral rating and $44 price target. The analyst rolled out coverage last night on the Mid-Cap Banks. He sees performance differentiation "playing out more starkly" than investors may expect with "increasingly advantaged and disadvantaged participants."
10/24/18
SPHN
10/24/18
DOWNGRADE
Target $40
SPHN
Equal Weight
FB Financial downgraded to Equal Weight from Overweight at Stephens
Stephens analyst Tyler Stafford downgraded FB Financial to Equal Weight and lowered his price target for the shares to $40 from $47. The company's near-term quarterly results will likely be "noisy" due to the mortgage repositioning currently underway, Stafford tells investors in a research note. The analyst believes the company's long-term prospects are intact and cites valuation for the downgrade.
FHN First Horizon
$16.36

-0.09 (-0.55%)

09/25/18
JPMS
09/25/18
NO CHANGE
Target $21
JPMS
Overweight
First Horizon should be bought ahead of investor day, says JPMorgan
JPMorgan analyst Steven Alexopoulos recommends buying shares of First Horizon National ahead of the company's investor day on November 6. Management appears frustrated with what they view as a relatively large disconnect between the valuation of the stock and the earnings power of the franchise, Alexopoulos tells investors in a research note after having meetings with the company. He believes management at November's investor day may provide a deeper dive into the earnings power of the company as well as provide nearer term financial targets. The analyst raised his price target for First Horizon shares to $21 from $20 and keeps an Overweight rating on the name.
07/18/18
RAJA
07/18/18
DOWNGRADE
RAJA
Outperform
First Horizon downgraded to Outperform at Raymond James
As previously reported, Raymond James downgraded First Horizon to Outperform from Strong Buy. Analyst Michael Rose said Q2 results fell below expectations on a core basis but believes ongoing improvement in the core regional bank franchise and further cost savings and revenue synergies from the Capital Bank deal will offset capital markets weakness.
07/18/18
RHCO
07/18/18
NO CHANGE
Target $20
RHCO
Buy
First Horizon price target lowered to $20 from $24 at SunTrust
SunTrust analyst Jennifer Demba lowered her price target on First Horizon to $20 after its Q2 earnings but kept her Buy rating, saying the weakness in fixed income from lower revenue and higher expenses was offset by net interest margin expansion and no loan loss provision. Demba further states that given the bank's valuation well below peer level, the management is strongly considering share repurchase activity.
08/23/18
JEFF
08/23/18
NO CHANGE
JEFF
Jefferies identifies six potential takeover targets for BB&T
Following BB&T's (BBT) recent bank comments regarding acquisitions and clarifications of its parameters, Jefferies analyst Ken Usdin identified six regional banks as potential takeover targets: BancorpSouth (BXS), First Horizon (FHN), Hancock Whitney (HWC), Iberiabank (IBKC), Pinnacle Financial (PNFP) and United Bankshares (UBSI). First Horizon and Iberiabank "look the best-fitting solely from a number perspective," Usdin tells investors in a research note. The analyst believes BB&T could pay "sizable control premiums" for both, namely 28% Iberiabank and 15% for First Horizon, while achieving earnings accretion in year one.
PNFP Pinnacle Financial
$53.23

0.01 (0.02%)

06/11/18
SPHN
06/11/18
NO CHANGE
Target $75
SPHN
Overweight
Pinnacle Financial sentiment much improved following investor day, says Stephens
Stephens analyst Tyler Stafford noted that Pinnacle Financial shares underperformed ahead of the company's investor day, which he attributes to investors questioning its core NIM trajectory and ability to achieve Street estimates given funding pressures. However, he believes sentiment is "much improved" from investors following the event, citing what he views as a clear comfort level from management around achieving and/or beating existing 2018 and 2019 EPS estimates and greater clarity around funding pressures, which Stafford said are mainly related to stronger than expected loan growth. He keeps an Overweight rating on Pinnacle Financial shares and bumped up his price target on the stock to $75 from $74.
10/18/18
RHCO
10/18/18
NO CHANGE
Target $65
RHCO
Buy
Pinnacle Financial price target lowered to $65 from $71 at SunTrust
SunTrust analyst Jennifer Demba lowered her price target on Pinnacle Financial to $65 after its Q3 results and also lowered her FY18 EPS view by 2c to $4.69. The analyst attributes the estimate changes to lower industry valuations, with revisions reflecting "higher fee income offset by higher expenses". Demba also keeps her Buy rating on Pinnacle Financial, stating that its "attractive" forward earnings multiple of 10.9-times relative to the peer median of 10.5-times is a premium that is justified by its "superior" growth and profitability profile.
10/02/18
WELS
10/02/18
NO CHANGE
Target $72
WELS
Outperform
Pinnacle Financial price target lowered to $72 from $80 at Wells Fargo
Wells Fargo analyst Jared Shaw lowered his price target for Pinnacle Financial to $72 from $80 as he takes a more cautious view on the broader mid-cap group as a combination of accelerating deposit betas and a lingering perception of a nearing credit cycle pressure valuation multiples. He reiterates an Outperform rating on the shares.

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SPDR S&P 500 ETF Trust

$273.75

0.91 (0.33%)

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Financial Select Sector

$26.78

0.03 (0.11%)

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SMH

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$94.29

-1.58 (-1.65%)

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QQQ

Invesco QQQ Trust

$167.50

-0.51 (-0.30%)

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$COMP

Nasdaq Composite

$0.00

(0.00%)

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ECOM

ChannelAdvisor

$10.98

-0.08 (-0.72%)

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PCG

PG&E

$24.39

6.62 (37.25%)

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Periodicals
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NDX

Nasdaq 100 Index

$0.00

(0.00%)

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Nasdaq 100 Index: Pivot points »

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RIO

Rio Tinto

$50.94

0.89 (1.78%)

, FCX

Freeport McMoRan

$11.96

(0.00%)

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Periodicals
Governments demand more cash from large mining companies, WSJ reports »

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RIO

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$50.94

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FCX

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AIMC

Altra Industrial Motion

, FTV

Fortive

$75.45

-0.28 (-0.37%)

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Recommendations
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FTV

Fortive

$75.45

-0.28 (-0.37%)

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CCJ

Cameco

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PAAS

Pan American Silver

$12.99

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CPTA

Capitala Finance

$8.06

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EBAY

eBay

$28.13

-0.05 (-0.18%)

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Regulus

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NVZMY

Novozymes

$0.00

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BCLI

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BE

Bloom Energy

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