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SASR

Sandy Spring Bancorp

$34.69

-0.7 (-1.98%)

, AX

Axos Financial

$30.22

-0.86 (-2.77%)

04:55
05/08/19
05/08
04:55
05/08/19
04:55

DA Davidson to hold a conference

21st Annual Financial Institutions Conference will be held in Denver, CO on May 6-8.

SASR

Sandy Spring Bancorp

$34.69

-0.7 (-1.98%)

AX

Axos Financial

$30.22

-0.86 (-2.77%)

BOCH

Bank of Commerce Holdings

$10.42

-0.27 (-2.53%)

COLB

Columbia Banking

$37.45

-0.33 (-0.87%)

FBIZ

First Business Financial

$24.28

0.34 (1.42%)

HLAN

Heartland BancCorp

$0.00

(0.00%)

LBC

Luther Burbank

$10.40

0.04 (0.39%)

NCBS

Nicolet Bankshares

$61.87

2.03 (3.39%)

PPBI

Pacific Premier

$30.04

-0.14 (-0.46%)

PACW

PacWest Bancorp

$39.81

-0.51 (-1.26%)

PEBO

Peoples Bancorp

$32.77

-0.28 (-0.85%)

SMMF

Summit Financial Group

$26.13

-0.03 (-0.11%)

TSC

TriState Capital

$23.32

-0.81 (-3.36%)

WTFC

Wintrust Financial

$76.04

-1.07 (-1.39%)

WSFS

WSFS Financial

$43.65

-0.43 (-0.98%)

HFWA

Heritage Financial

$31.02

-0.5 (-1.59%)

AB

AllianceBernstein

$28.32

-0.98 (-3.34%)

JPM

JPMorgan

$113.17

-1.03 (-0.90%)

FFWM

First Foundation

$14.42

-0.32 (-2.17%)

BANR

Banner Corp.

$54.33

-0.79 (-1.43%)

FCF

First Commonwealth

$13.53

-0.28 (-2.03%)

LKFN

Lakeland Financial

$47.93

-1.14 (-2.32%)

HAFC

Hanmi Financial

$23.72

-0.24 (-1.00%)

HTLF

Heartland Financial

$45.37

-1.07 (-2.30%)

MFSF

MutualFirst Financial

$30.19

-0.07 (-0.23%)

OPBK

OP Bancorp

$10.83

0.07 (0.65%)

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SASR Sandy Spring Bancorp
$34.69

-0.7 (-1.98%)

01/18/19
01/18/19
DOWNGRADE
Target $35

Hold
Sandy Spring Bancorp downgraded to Hold after earnings miss at Sandler O'Neill
As previously reported, Sandler O'Neill analyst Casey Whitman downgraded Sandy Spring Bancorp to Hold from Buy, stating that the bank's Q4 results fell short of expectations "almost across the board." She lowered her estimates for 2019 following the Q4 results and foresees continued pressure on earnings estimates and deposit betas considering its high loan-to-deposit ratio. Whitman cut her price target on Sandy Spring shares to $35 from $38.
01/18/19
SDLR
01/18/19
DOWNGRADE
SDLR
Hold
Sandy Spring Bancorp downgraded to Hold from Buy at Sandler O'Neill
01/18/19
KBWI
01/18/19
DOWNGRADE
Target $35
KBWI
Market Perform
Sandy Spring downgraded to Market Perform from Outperform at Keefe Bruyette
Keefe Bruyette analyst Catherine Mealor downgraded Sandy Spring Bancorp to Market Perform and lowered her price target for the shares to $35 from $44.
01/18/19
01/18/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Signet Jewelers (SIG) downgraded to Sell from Neutral at Citi with analyst Paul Lejuez saying in what was one of the strongest years from the consumer since the recession, Signet's comps and margins have been under pressure. 2. Casa Systems (CASA) downgraded to Equal Weight from Overweight at Morgan Stanley and to Hold from Buy at Stifel. 3. Sandy Spring Bancorp (SASR) downgraded to Hold from Buy at Sandler O'Neill and to Market Perform from Outperform at Keefe Bruyette. 4. Interpublic Group (IPG) downgraded to Sector Perform from Outperform at RBC Capital with analyst Steven Cahall saying he expects the company's organic growth to decelerate in 2019 after "recent account losses," stating that after a "fantastic" organic growth rate of 4.6%, Interpublic Group is now facing tougher comps. 5. Nautilus (NLS) downgraded to Neutral from Buy at Sidoti, DA Davidson, and B. Riley FBR, as well as to Hold from Buy at Lake Street. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
AX Axos Financial
$30.22

-0.86 (-2.77%)

02/06/19
COMP
02/06/19
UPGRADE
COMP
Buy
Axos Financial upgraded to Buy from Neutral at Compass Point
01/30/19
CHLM
01/30/19
NO CHANGE
Target $40
CHLM
Buy
Axos Financial price target lowered to $40 from $51 at Craig-Hallum
Craig-Hallum analyst Bradley Berning lowered his price target for Axos Financial to $40 from $51 for yield curve environment. The analyst reiterates a Buy rating on the shares.
05/01/19
COMP
05/01/19
DOWNGRADE
COMP
Neutral
Axos Financial downgraded to Neutral from Buy at Compass Point
05/01/19
COMP
05/01/19
DOWNGRADE
Target $35
COMP
Neutral
Axos Financial downgraded to Neutral after earnings miss at Compass Point
As previously reported, Compass Point analyst Scott Valentin downgraded Axos Financial to Neutral from Buy after the company's Q3 adjusted EPS missed both consensus and his estimate. Management maintained core NIM guidance of 3.8%-4.0%, but expects loan portfolio growth in the low-teens, noted Valentin, who lowered his FY19 and FY20 adjusted EPS estimates to reflect lower projected noninterest income. He cut his price target on Axos shares to $35 from $38 given his reduced estimates.
BOCH Bank of Commerce Holdings
$10.42

-0.27 (-2.53%)

COLB Columbia Banking
$37.45

-0.33 (-0.87%)

03/18/19
DADA
03/18/19
DOWNGRADE
DADA
Neutral
Columbia Banking downgraded to Neutral from Buy at DA Davidson
03/06/19
SPHN
03/06/19
INITIATION
SPHN
Equal Weight
Columbia Banking initiated with an Equal Weight at Stephens
03/07/19
SPHN
03/07/19
INITIATION
Target $39
SPHN
Equal Weight
Stephens starts Columbia Banking at Equal Weight on valuation
As previously reported, Stephens analyst Gordon McGuire initiated Columbia Banking with an Equal Weight rating, stating that the bank has a high quality franchise in the Pacific Northwest, but he believes the stock's premium valuation already reflects this. He also sees a lack of clarity around the near-term EPS outlook that could drive a potential reset to estimates. McGuire set a $39 price target on Columbia Banking shares.
03/18/19
03/18/19
DOWNGRADE
Target $38

Neutral
Columbia Banking downgraded to Neutral at DA Davidson on lacking catalysts
As previously reported, DA Davidson analyst Jeff Rulis downgraded Columbia Banking to Neutral and lowered his price target to $38 from $42. The analyst cites the company's view of loan growth slowing from nearly 6% in Q4 to low single digits in Q1 as well as its heightened concerns about its expenses given the management's vocal commitment to "internal investments and the need to enhance certain technology and systems platforms." Rulis adds that the premium valuation and lack of positive catalysts should constrain any potential upside for the stock.
FBIZ First Business Financial
$24.28

0.34 (1.42%)

08/28/18
08/28/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. RH (RH) upgraded to Accumulate from Hold at Gordon Haskett. 2. Estee Lauder (EL) and Coty (COTY) upgraded to Overweight from Equal Weight at Morgan Stanley. 3. First Business Financial (FBIZ) upgraded to Buy from Neutral at DA Davidson with analyst Kevin Reevey saying the current trading level on the stock presents an attractive entry point after its 10% month-to-date decline and a 19% retreat from its 52-week highs. 4. Regency Centers (REG) upgraded to Buy from Hold at Deutsche Bank with analyst Derek Johnston saying "clear signs" of a retail recovery has fueled the rally in strip real estate investment trusts in recent weeks. 5. Affimed N.V. (AFMD) upgraded to Buy from Hold at Jefferies with analyst Maury Raycroft saying its collaboration with Roche Group's (RHHBY) Genentech to develop and commercialize novel NK cell engagers indicate the intrinsic value in Affimed's platform and approach. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/28/18
DADA
08/28/18
UPGRADE
Target $26.5
DADA
Buy
First Business Financial upgraded to Buy at DA Davidson on valuation
As reported earlier, DA Davidson analyst Kevin Reevey upgraded First Business Financial to Buy from Neutral and kept his price target at $26.50. The analyst notes that the current trading level on the stock presents an attractive entry point after its 10% month-to-date decline and a 19% retreat from its 52-week highs. Reevey adds that First Business Financial valuation also presents a 26% discount to the peer group, which makes it "one of the least expensive names" in his Midwest coverage universe. The analyst is also positive on the company's turnaround efforts, with restructuring in its SBA lending business "starting to bear fruit" and producing loan originations and earnings momentum in 2018 and beyond.
08/28/18
DADA
08/28/18
UPGRADE
DADA
Buy
First Business Financial upgraded to Buy from Neutral at DA Davidson
HLAN Heartland BancCorp
$0.00

(0.00%)

04/17/19
04/17/19
INITIATION
Target $96

Buy
Heartland BancCorp initiated with a Buy at DA Davidson
As previously reported, DA Davidson analyst Russell Gunther initiated Heartland BancCorp with a Buy rating and a price target of $96. The analyst says the company has "deep roots and a rich history in Columbus, Ohio", operating as a "highly profitable, high growth commercial bank" with return on assets metrics above peers, while also outperforming on asset quality. Gunther adds that Heartland BancCorp's recently completed private placement gives the management "ample dry powder to support double digit commercial weighted loan growth" as well as "selective depository M&A."
04/16/19
DADA
04/16/19
INITIATION
Target $96
DADA
Buy
Heartland BancCorp initiated with a Buy at DA Davidson
DA Davidson analyst Russell Gunther initiated Heartland BancCorp with a Buy and $96 price target.
LBC Luther Burbank
$10.40

0.04 (0.39%)

NCBS Nicolet Bankshares
$61.87

2.03 (3.39%)

04/18/19
MAXM
04/18/19
NO CHANGE
Target $66
MAXM
Buy
Nicolet Bankshares price target raised to $66 from $60 at Maxim
Maxim analyst Michael Diana raised his price target on Nicolet Bankshares to $66 and kept his Buy rating after its Q1 earnings beat that was driven by a wider net interest margin. The analyst also raises his implied forward earnings multiple on the stock to 14-times from 13.6-times and believes that the premium relative to the small-cap peers' multiple of 9.9-times is warranted by Nicolet Bankshares' "superior net interest margin, core deposit funding, and non-interest income contribution."
PPBI Pacific Premier
$30.04

-0.14 (-0.46%)

PACW PacWest Bancorp
$39.81

-0.51 (-1.26%)

01/14/19
JMPS
01/14/19
NO CHANGE
Target $44
JMPS
Outperform
PacWest Bancorp price target lowered to $44 from $59 at JMP Securities
JMP Securities analyst Christopher York lowered his price target on PacWest Bancorp shares to $44 from $59 after the bank announced the termination of the deal to acquire El Dorado Savings Bank as it did not receive approval by El Dorado shareholders. The fact that PacWest did not look to adjust the terms of the deal, either before or after the vote, indicates in his view that the company is a disciplined acquirer and is unlikely to revisit a merger with closely-held El Dorado in the future, York stated. He maintains an Outperform rating on PacWest shares.
02/24/19
KBWI
02/24/19
DOWNGRADE
Target $45
KBWI
Market Perform
PacWest Bancorp downgraded to Market Perform from Outperform at Keefe Bruyette
Keefe Bruyette analyst Christopher McGratty downgraded PacWest Bancorp to Market Perform and lowered his price target for the shares to $45 from $50. The shares are approaching fair value, McGratty tells investors in a research note.
03/06/19
PIPR
03/06/19
NO CHANGE
PIPR
Banc of California a sale candidate, just not today, says Piper Jaffray
Banc of California (BANC) will ultimately end up in the hands of someone else, just not today, Piper Jaffray analyst Matthew Clark tells investors in a research note. The analyst does not believe the hiring of Jared Wolff, with an M&A background at PacWest Bancorp (PACW), as CEO, and the involvement of long-time bank investor Rich Lashley on the board is coincidental. Clark says the "unexpected decision" by CEO Doug Bowers to resign and not see his three-year plan come to fruition reinforces his view. He likes the risk/reward on Banc of California shares and keeps an Overweight rating on the name with a $20 price target.
01/22/19
BMOC
01/22/19
NO CHANGE
Target $38
BMOC
Market Perform
PacWest Bancorp price target raised to $38 from $34 at BMO Capital
BMO Capital analyst Lana Chan raised her price target on PacWest Bancorp to $38 after its Q4 earnings beat driven by a more favorable tax rate. The analyst notes that the company's 2018 was also supported by the strong loan growth that gives it good momentum to hit mid-single digit rate of increase this year, but warns that net interest margin compression could also pose a challenge. Chan expects PacWest Bancorp to resume its stock buybacks after its cancelled El Dorado acquisition.
PEBO Peoples Bancorp
$32.77

-0.28 (-0.85%)

SMMF Summit Financial Group
$26.13

-0.03 (-0.11%)

TSC TriState Capital
$23.32

-0.81 (-3.36%)

02/04/19
MAXM
02/04/19
NO CHANGE
Target $28
MAXM
Buy
TriState Capital price target lowered to $28 from $31 at Maxim
Maxim analyst Michael Diana lowered his price target on TriState Capital to $28 to reflect the lower peer group valuations and modeling a lower multiple of 14-times forward earnings vs. 15.5-times prior assumption for the stock. The analyst also keeps his Buy rating on TriState Capital after its latest Q4 earnings beat driven by "very strong growth in loans and deposits" albeit with a narrower net interest margin. Diana believes that investors are undervaluing the company's favorable capital position.
WTFC Wintrust Financial
$76.04

-1.07 (-1.39%)

01/24/19
SPHN
01/24/19
NO CHANGE
Target $88
SPHN
Overweight
Misinterpretation of Wintrust comments a buying opportunity, says Stephens
Stephens analyst Terry McEvoy said market conditions negatively impacted Q4 results at Wintrust Financial and overshadowed what he feels was a "solid fundamental year" while he believes comments regarding a 1.50%+ overhead ratio in 2019 were overanalyzed and misinterpreted despite being consistent with his prior model and being reflective of the bank investing in its platform. McEvoy, who does not forecast a sudden and rapid increase in regulatory expenses, would be a buyer of Wintrust Financial shares on recent weakness and keeps an Overweight rating and $88 price target on the stock.
05/07/19
WEDB
05/07/19
NO CHANGE
Target $85
WEDB
Outperform
Wintrust Financial price target raised to $85 from $80 at Wedbush
Wedbush analyst David Chiaverini raised his price target for Wintrust Financial to $85 from $80 after meeting with management and coming away with renewed confidence that the company's steady growth of loans in the mid-to-high single digits should continue and be driven by commercial and industrial and premium finance lending. The analyst reiterates an Outperform rating on the shares.
04/01/19
JEFF
04/01/19
UPGRADE
JEFF
Buy
Wintrust Financial upgraded to Buy from Hold at Jefferies
Jefferies analyst Casey Haire upgraded Wintrust Financial to Buy from Hold.
04/01/19
JEFF
04/01/19
NO CHANGE
JEFF
Jefferies upgrades Fifth Third, Wintrust to Buy, downgrades First Horizon
Jefferies analyst Ken Usdin upgraded both Fifth Third (FITB) and Wintrust Financial (WTFC) to Buy from Hold while downgrading First Horizon National (FHN) to Hold from Buy. Banks head into Q1 earnings season with a "complicated, but more attractive, set-up," Usdin tells investors in a research note. He believes negative earnings revisions based on the flatter curve will be "offset somewhat" by strong credit metrics. The analyst upgraded Fifth Third and raised his price target for the shares to $30 from $29 on earnings upside potential post the MB Financial deal close. Usdin upgraded Wintrust while lowering his price target for the shares to $77 from $78. He sees an attractive entry point following the recent underperformance. Usdin downgraded First Horizon and lowered his price target for the shares to $14 from $16.50 as he sees "meaningful" earnings revision risk.
WSFS WSFS Financial
$43.65

-0.43 (-0.98%)

10/10/18
KBWI
10/10/18
UPGRADE
Target $59
KBWI
Outperform
WSFS Financial upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette analyst Michael Perito upgraded WSFS Financial to Outperform with a $59 price target after taking over coverage of the name. The pullback in shares since the August Beneficial Bancorp acquisition announcement overlooks the "critical merits of the transaction and the historic track record" of WSFS, Perito tells investors in a research note. The analyst thinks Beneficial was likely the most compelling asset for WSFS to utilize in crossing $10B. He believes the stock's "discounted valuation" presents a "great opportunity to add a high quality bank with unique catalysts ahead."
10/11/18
10/11/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. GoDaddy (GDDY) upgraded to Buy from Neutral at Citi with analyst Mark May saying he views the recent pullback in the shares as a buying opportunity. 2. Lumentum (LITE) upgraded to Overweight from Neutral at JPMorgan with analyst Samik Chatterjee citing the recent pullback in the shares and a stronger outlook in telecom. 3. Lear (LEA) upgraded to Buy from Neutral at Goldman Sachs with analyst David Tamberrino saying he views the company as a "potential market share winner" with "solid" free cash flow and an "undemanding" valuation. 4. SiteOne Landscape (SITE) upgraded to Neutral from Sell at UBS with analyst Steven Winoker saying the stock now better reflects the company's near-term risks and long-term rollup strategy. 5. WSFS Financial (WSFS) upgraded to Outperform from Market Perform at Keefe Bruyette with analyst Michael Perito saying the pullback in shares since the August Beneficial Bancorp acquisition announcement overlooks the "critical merits of the transaction and the historic track record" of WSFS. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
HFWA Heritage Financial
$31.02

-0.5 (-1.59%)

03/06/19
SPHN
03/06/19
INITIATION
SPHN
Equal Weight
Heritage Financial initiated with an Equal Weight at Stephens
04/26/19
SDLR
04/26/19
DOWNGRADE
SDLR
Hold
Heritage Financial downgraded to Hold from Buy at Sandler O'Neill
04/26/19
SDLR
04/26/19
DOWNGRADE
Target $32
SDLR
Hold
Heritage Financial downgraded to Hold after earnings miss at Sandler O'Neill
As previously reported, Sandler O'Neill analyst Tim O'Brien downgraded Heritage Financial to Hold from Buy after the bank reported a revenue shortfall that drove an earnings miss. While he said he has confidence "that at least some of the issues that arose and hindered performance this quarter should get resolved in the near-term," O'Brien added that "others seem poised to linger on for awhile." After lowering his estimates, he cut his price target on Heritage Financial shares to $32 from $34.
03/07/19
SPHN
03/07/19
INITIATION
Target $36
SPHN
Equal Weight
Stephens starts Heritage Financial at Equal Weight on valuation
As previously reported, Stephens analyst Gordon McGuire initiated Heritage Financial with an Equal Weight rating, calling it one of, if not the best small-cap pure plays to own for exposure to the Pacific Northwest's metro economies. However, while he expects the stock to maintain its current premium valuation, McGuire would seek a more attractive entry point for nearer-term outperformance. He set a $36 price target on Heritage Financial shares.
AB AllianceBernstein
$28.32

-0.98 (-3.34%)

01/14/19
SBSH
01/14/19
NO CHANGE
SBSH
Citi gets more defensive on Brokers & Asset Managers, downgrades five
Citi analyst Citi analyst William Katz is taking a more defense stance on the traditional Brokers & Asset Managers to reflect what he sees as "weak" fundamentals and "still elevated" consensus estimates. The analyst reduced his target multiples across the group and downgraded Affiliated Managers (AMG) and Brightsphere Investment Group (BSIG) to Neutral from Buy as well as Artisan Partners (APAM), Waddell & Reed (WDR) and Franklin Resources (BEN) to Sell from Neutral. Katz calls Och-Ziff Capital (OZM) and LPL Financial (LPLA) his top ideas and also opened a "30 Day Positive Catalyst Watch" for Carlyle Group (CG) and Legg Mason (LM). The analyst recommends pair trades of Overweight AllianceBernstein (AB), underweight Artisan Partners (APAM), and overweight BlackRock (BLK), underweight T. Rowe Price (TROW).
JPM JPMorgan
$113.17

-1.03 (-0.90%)

03/25/19
JEFF
03/25/19
NO CHANGE
JEFF
Jefferies downgrades Financials to Underweight on 'shocking' Fed meeting
Jefferies analyst Steven DeSanctis is "very surprised" by last week's Federal Reserve's decision taking rate hikes completely off table in 2019. The "shocking" Fed meeting means lower rates for longer, which is not good for Financials, DeSanctis tells investors in a research note. A "lack of catalysts and weaker earnings growth" going forward for the entire sector, not just banks, means an Underweight rating on the space makes sense, says the analyst. As such, he downgraded his rating on the Financial sector to Underweight from Market Weight. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
02/28/19
BMOC
02/28/19
NO CHANGE
Target $116
BMOC
Market Perform
JPMorgan price target lowered to $116 from $123 at BMO Capital
BMO Capital analyst James Fotheringham lowered his price target on JPMorgan to $116 and kept his Market Perform rating, citing the company's Investor Day presentation that lowered expectations for net interest income as well as performance of its corporate & investment bank and wealth management segments. The analyst believes that other large-cap banks, fin-tech companies, and specialty lenders offer greater opportunity, even though his price target still implies a 13% return for JPMorgan stock.
03/19/19
KEYB
03/19/19
DOWNGRADE
KEYB
Sector Weight
Worldpay downgraded to Sector Weight after Fiserv deal at KeyBanc
As previously reported, KeyBanc analyst Josh Beck downgraded Worldpay (WP) to Sector Weight from Overweight after the company and FIS (FIS) announced a deal, quickly adding another mega-deal in the wake of Fiserv (FISV)-First Data (FDC) and Global Payments (GPN)-Heartland Payment Systems. The analyst thinks this transaction is likely to expand the M&A discussion around Global Payments, TSYS (TSS), EVO Payments (EVOP), and i3 Verticals (IIIV) and sees paths to accretion should management teams further endorse a scale strategy. Future processing competition could increase among Global Payments, TSYS, First Data, and JPMorgan (JPM), but it remains too early to gauge, he contends.
03/06/19
03/06/19
NO CHANGE

JPMorgan files $130.14M mixed securities shelf
FFWM First Foundation
$14.42

-0.32 (-2.17%)

07/31/18
SDLR
07/31/18
DOWNGRADE
SDLR
Hold
First Foundation downgraded to Hold from Buy at Sandler O'Neill
BANR Banner Corp.
$54.33

-0.79 (-1.43%)

10/26/18
FIGP
10/26/18
UPGRADE
FIGP
Outperform
Banner Corp. upgraded to Outperform from Market Perform at Fig Partners
FCF First Commonwealth
$13.53

-0.28 (-2.03%)

10/25/18
10/25/18
UPGRADE
Target $14

Buy
First Commonwealth upgraded to Buy after post-earnings dip at Sandler O'Neill
As previously reported, Sandler O'Neill analyst Frank Schiraldi upgraded First Commonwealth to Buy from Hold, stating that while its Q3 miss does represent a "reasonably large delta" on a percentage basis, incremental details on the call lead him to believe the run rate picture has not changed all that much. While he understands investors currently appear to be hyper-sensitive on credit, the quarterly blip was "quite minor" and does not concern him about the broader book, Schiraldi added. He sees the post-earnings selloff as overdone and expects the company to repurchase "aggressively" if shares remain at these levels, added the analyst, who has a $14 price target on First Commonwealth shares.
11/01/18
BOSC
11/01/18
DOWNGRADE
BOSC
Neutral
First Commonwealth downgraded to Neutral at Boenning & Scattergood
Boenning & Scattergood analyst Matthew Schultheis downgraded First Commonwealth to Neutral from Buy "solely on valuation."
11/08/18
RILY
11/08/18
UPGRADE
Target $16
RILY
Buy
First Commonwealth upgraded to Buy from Neutral at B. Riley FBR
B. Riley FBR analyst Steve Moss upgraded First Commonwealth Financial to Buy while lowering his price target for the shares to $16 from $18. The analyst calls First Commonwealth as well-run franchise trading at an attractive valuation.
10/25/18
BOSC
10/25/18
UPGRADE
BOSC
Outperform
First Commonwealth upgraded to Outperform from Neutral at Boenning & Scattergood
Boenning & Scattergood analyst Matthew Schultheis upgraded First Commonwealth to Outperform from Neutral with a $13.50 price target. saying the selloff in shares following the disappointing Q3 report is an "overreaction." Schultheis said longer-term trends indicate the company is making strides in improving credit quality and adding revenue streams.
LKFN Lakeland Financial
$47.93

-1.14 (-2.32%)

06/08/18
BOSC
06/08/18
INITIATION
BOSC
Neutral
Lakeland Financial initiated with a Neutral at Boenning & Scattergood
HAFC Hanmi Financial
$23.72

-0.24 (-1.00%)

01/07/19
RAJA
01/07/19
DOWNGRADE
RAJA
Market Perform
Hanmi Financial downgraded to Market Perform from Outperform at Raymond James
10/24/18
FIGP
10/24/18
DOWNGRADE
FIGP
Market Perform
Hanmi Financial downgraded to Market Perform from Outperform at Fig Partners
HTLF Heartland Financial
$45.37

-1.07 (-2.30%)

06/14/18
SPHN
06/14/18
INITIATION
SPHN
Equal Weight
Heartland Financial initiated with an Equal Weight at Stephens
Stephens analyst Terry McEvoy started Heartland Financial with an Equal Weight rating, noting that the bank just topped $11B in pro-forma assets after recently closing the FirstBank Lubbock deal. Since 2010, the median bank crossing $10B in assets has underperformed the Nasdaq bank index by 9% over the next year and by 17% over two years, noted McEvoy.
07/24/18
RAJA
07/24/18
DOWNGRADE
RAJA
Market Perform
Heartland Financial downgraded to Market Perform at Raymond James
Raymond James analyst David Long downgraded Heartland Financial to Market Perform from Outperform "strictly" on valuation.
MFSF MutualFirst Financial
$30.19

-0.07 (-0.23%)

OPBK OP Bancorp
$10.83

0.07 (0.65%)

04/29/19
04/29/19
UPGRADE
Target $11

Buy
OP Bancorp upgraded to Buy from Neutral at DA Davidson
As previously reported, DA Davidson analyst Gary Tenner upgraded OP Bancorp to Buy and raised his price target to $11 from $10, saying that while the company's Small Business Administration lending declined seasonally, the management expects a 25%-30% increase in production "through the benefit of two new LPOs." The analyst also points to OP Bancorp core loan growth "remaining strong" while anticipating the upward deposit cost pressure to moderate. Tenner notes that the company's net interest margins may continue to compress but believes that its earnings outlook is "supportive of a higher multiple."
04/29/19
DADA
04/29/19
UPGRADE
DADA
Buy
OP Bancorp upgraded to Buy from Neutral at DA Davidson

TODAY'S FREE FLY STORIES

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Alphabet

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Alphabet Class A

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CVI

CVR Energy

$47.29

0.9 (1.94%)

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CVR Energy to evaluate strategic alternatives, including 'potential sale' »

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SFIX

Stitch Fix

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1.23 (5.27%)

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Park West Asset Management reports 5% passive stake in Stitch Fix »

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PTVCA

Protective Insurance

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Protective Insurance appoints Jeremy Johnson as CEO »

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AIG

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TOL

Toll Brothers

$38.34

0.82 (2.19%)

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Toll Brothers reports Q2 home sales gross margin 23.5% vs.22.5% last year »

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TDS

Telephone and Data

$31.64

0.245 (0.78%)

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Telephone and Data VP Joseph Hanley sells almost $499K in company shares »

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PKOH

Park-Ohio

$35.48

1.03 (2.99%)

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Park-Ohio reaches agreement in principle to acquire Erie Press Systems »

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TOL

Toll Brothers

$38.34

0.82 (2.19%)

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Toll Brothers CFO sees 'slower demand and rising incentives' in Q3 »

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API crude inventories for week of May 17 »

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G

Genpact

$36.41

0.09 (0.25%)

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Genpact files to sell 10M shares of common stock for holders »

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AL

Air Lease

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0.68 (1.83%)

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Airbus

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Air Lease announces delivery of New Airbus A350-900 aircraft to Sichuan Airlines »

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AL

Air Lease

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Airbus

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TOL

Toll Brothers

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FLNT

Fluent

$5.63

0.4 (7.65%)

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Fluent promotes Tamara Alesi to CGO »

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TOL

Toll Brothers

$38.34

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Toll Brothers reports Q2 home building deliveries 1.9K, up 1% »

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ESRT

Empire State Realty

$15.77

0.18 (1.15%)

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Empire State Realty CFO David Karp steps down, Andrew Prentice named acting CFO »

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KHC

Kraft Heinz

$31.98

0.19 (0.60%)

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Kraft Heinz still not in compliance with Nasdaq listing rule »

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TOL

Toll Brothers

$38.34

0.82 (2.19%)

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Toll Brothers reports Q2 EPS 87c, consensus 75c »

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MYL

Mylan

$19.67

0.225 (1.16%)

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FDA: Mylan broadens recall of Valsartan tablets »

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Preliminary option volume of 15.0M today »

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CDAY

Ceridian

$51.19

1.04 (2.07%)

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Ceridian files to sell 8M shares of common stock for holders »

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IT

Gartner

$154.12

1.62 (1.06%)

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Gartner VP Robin Kranich sellls over $980K in company shares »

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PSTG

Pure Storage

$20.60

0.6 (3.00%)

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Pure Storage down 17% to $17.10 after Q1 results miss estimates »

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EXPR

Express

$3.45

0.08 (2.37%)

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Express appoints Timothy Baxter CEO »

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OOMA

Ooma

$14.49

-0.45 (-3.01%)

16:20
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Earnings
Ooma narrows FY20 EPS view to (24c)-(19c) from (24c)-(14c), consensus (19c) »

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AVP

Avon Products

$3.20

0.06 (1.91%)

16:20
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Options
Avon Products put buyer closes out long term trade »

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