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Hot Stocks
Pacific Premier receives regulatory approvals for acquisition of Opus Bank » 06:04
04/03/20
04/03
06:04
04/03/20
06:04
PPBI

Pacific Premier

$17.81 /

+0.1 (+0.56%)

Pacific Premier announced…

Pacific Premier announced that it has received the required regulatory approvals from the Board of Governors of the Federal Reserve System and the California Department of Business Oversight for Opus Bank to be merged into Pacific Premier Bancorp's banking subsidiary, Pacific Premier Bank, and for Pacific Premier Bank to exercise trust powers. The consummation of the merger remains subject to the approval by Opus's shareholders of the acquisition, the approval by Pacific Premier Bancorp's shareholders of the issuance of the shares of Pacific Premier Bancorp's common stock in connection with the acquisition, and the satisfaction of other closing conditions. Pacific Premier Bancorp expects that the Opus acquisition will close in the second quarter.

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Wednesday
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First Interstate upgraded to Outperform from Market Perform at Keefe Bruyette » 11:55
04/01/20
04/01
11:55
04/01/20
11:55
FIBK

First Interstate

$27.41 /

-1.41 (-4.89%)

Keefe Bruyette analyst…

Keefe Bruyette analyst Jacquelynne Bohlen upgraded First Interstate to Outperform from Market Perform with a $39 price target.

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Banner Corp. upgraded to Outperform from Market Perform at Keefe Bruyette » 11:48
04/01/20
04/01
11:48
04/01/20
11:48
BANR

Banner Corp.

$31.19 /

-1.84 (-5.57%)

Keefe Bruyette analyst…

Keefe Bruyette analyst Jacquelynne Bohlen upgraded Banner Corp. to Outperform from Market Perform with a $50 price target.

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Over a week ago
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SVB Financial downgraded to Underweight from Equal Weight at Wells Fargo » 06:13
03/30/20
03/30
06:13
03/30/20
06:13
SIVB

SVB Financial

$158.79 /

-12.11 (-7.09%)

Wells Fargo analyst Jared…

Wells Fargo analyst Jared Shaw downgraded SVB Financial to Underweight from Equal Weight with a price target of $125, down from $235, as part of a research note on the broader mid-cap bank sector. The analyst says that what's different in the current cycle is that banks have so much capital most will likely be contemplating resuming buybacks in 2H20, rather than deciding to cut dividend or raising additional capital. He believes the group will continue to trade at or near tangible book value until there is wide consensus that the economy has emerged from what will likely be a technical recession in Q2 and Q3.

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SVB Financial downgraded to Underweight from Equal Weight at Wells Fargo » 06:08
03/30/20
03/30
06:08
03/30/20
06:08
SIVB

SVB Financial

$158.79 /

-12.11 (-7.09%)

Wells Fargo analyst Jared…

Wells Fargo analyst Jared Shaw downgraded SVB Financial to Underweight from Equal Weight with a price target of $125, down from $235.

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Conference/Events
First Foundation participates in a conference call with B. Riley FBR » 04:55
03/30/20
03/30
04:55
03/30/20
04:55
FFWM

First Foundation

$10.54 /

+0.07 (+0.67%)

Conference call with…

Conference call with Management to be held on March 30 hosted by B. Riley FBR.

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Conference/Events
First Foundation participates in a conference call with B. Riley FBR » 12:35
03/27/20
03/27
12:35
03/27/20
12:35
FFWM

First Foundation

$10.17 /

-0.3 (-2.87%)

Conference call with…

Conference call with Management to be held on March 30 hosted by B. Riley FBR.

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Pacific Premier upgraded to Overweight from Equal Weight at Stephens » 06:24
03/25/20
03/25
06:24
03/25/20
06:24
PPBI

Pacific Premier

$16.51 /

+1.56 (+10.43%)

, OPB

Opus Bank

$15.06 /

+0.87 (+6.13%)

Stephens analyst Tyler…

Stephens analyst Tyler Stafford upgraded Pacific Premier Bancorp (PPBI) to Overweight from Equal Weight with an unchanged price target of $25. The analyst recommends gravitating towards high quality franchises with "fortified" balance sheets that are undervalued relative to its "sustainable" return profiles in a 0% interest rate environment. Stafford highlights Pacific Premier given its "impeccable" track record around credit quality, diversified balance sheet and efficiency opportunities with the pending Opus Bank (OPB) acquisition.

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Initiation
Fly Intel: Top five analyst initiations » 10:11
03/24/20
03/24
10:11
03/24/20
10:11
PBH

Prestige Brands

$31.87 /

+2.09 (+7.02%)

, FFWM

First Foundation

$8.94 /

+0.59 (+7.07%)

, VRCA

Verrica Pharmaceuticals

$8.50 /

+0.4 (+4.94%)

, CGEN

Compugen

$6.75 /

+0.5 (+8.00%)

, PASG

Passage Bio

$14.85 /

+2.78 (+23.03%)

Catch up on today's…

Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Prestige Brands (PBH) initiated with a Perform at Oppenheimer. 2. First Foundation (FFWM) initiated with an Outperform at Wedbush. 3. Compugen (CGEN) initiated with a Buy at SunTrust. 4. Verrica Pharmaceuticals (VRCA) initiated with a Buy at Needham. 5. Passage Bio (PASG) initiated with a Buy at Goldman Sachs, an Overweight at JPMorgan, and an Outperform at Cowen. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

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Hot Stocks
Umpqua Holdings changes 2020 Annual Meeting Of Shareholders to virtual format » 08:16
03/24/20
03/24
08:16
03/24/20
08:16
UMPQ

Umpqua Holdings

$9.28 /

-1.35 (-12.70%)

Umpqua Holdings announced…

Umpqua Holdings announced a change of its 2020 annual meeting of shareholders. Due to the emerging public health impact of the coronavirus outbreak, and to support the health and well-being of the company's shareholders, associates, directors and vendors, the company has changed the format of its annual meeting of shareholders from a physical in-person meeting to a virtual webcast, and invites shareholders to participate remotely. The annual shareholder meeting will be still be held at 3:00 p.m. Pacific Time on Monday, April 20, but in virtual meeting format only, via live webcast at www.virtualshareholdermeeting/umpq2020.

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