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Recommendations
SunTrust raises price targets across regional/community banks » 09:34
06/30/20
06/30
09:34
06/30/20
09:34
EWBC

East West Bancorp

$35.26 /

+1.45 (+4.29%)

, IBTX

Independent Bank

$38.91 /

+1.52 (+4.07%)

, SIVB

SVB Financial

$207.23 /

+3.38 (+1.66%)

, WAL

Western Alliance

$36.67 /

+0.675 (+1.88%)

, ZION

Zions Bancorp

$33.05 /

+0.77 (+2.39%)

SunTrust analyst Jennifer…

SunTrust analyst Jennifer Demba adjusted her price targets across the Regional and Community Bank space, noting the industry offers an attractive risk/reward opportunity over the next year as the economy slowly recovers. While loan losses should be "much higher" in 2020-2021, they should also be "manageable" and capital levels remain strong for the industry, the analyst believes. Among the names with the higher price target changes, Demba raises the target on East West Bancorp (EWBC) to $40 from $32, Independent Bank Group (IBTX) to $43 from $35, SVB Financial Group (SIVB) to $260 from $220, Western Alliance Bancorp (WAL) to $41 from $36, and Zions Bancorporation (ZION) to $50 from $39.

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ZION Zions Bancorp
$33.05 /

+0.77 (+2.39%)

WAL Western Alliance
$36.67 /

+0.675 (+1.88%)

SIVB SVB Financial
$207.23 /

+3.38 (+1.66%)

IBTX Independent Bank
$38.91 /

+1.52 (+4.07%)

EWBC East West Bancorp
$35.26 /

+1.45 (+4.29%)

EWBC East West Bancorp
$35.26 /

+1.45 (+4.29%)

06/19/20 DA Davidson
East West Bancorp price target raised to $37 from $33 at DA Davidson
04/14/20 Compass Point
East West Bancorp initiated with a Neutral at Compass Point
04/01/20 Keefe Bruyette
East West Bancorp downgraded to Market Perform from Outperform at Keefe Bruyette
03/30/20 Wells Fargo
East West Bancorp downgraded to Equal Weight from Overweight at Wells Fargo
IBTX Independent Bank
$38.91 /

+1.52 (+4.07%)

06/02/20 Jefferies
Texas Capital resumed with a Hold at Jefferies
05/26/20 Raymond James
Independent Bank upgraded to Outperform from Market Perform at Raymond James
05/26/20 Raymond James
Independent Bank upgraded to Outperform from Market Perform at Raymond James
05/26/20 Keefe Bruyette
Texas Capital downgraded to Market Perform from Outperform at Keefe Bruyette
SIVB SVB Financial
$207.23 /

+3.38 (+1.66%)

06/17/20 Raymond James
SVB Financial upgraded to Outperform from Market Perform at Raymond James
06/17/20 Raymond James
SVB Financial upgraded to Outperform from Market Perform at Raymond James
06/15/20 JPMorgan
JPMorgan boosts SVB Financial target to $245, adds to Focus List
06/09/20
Fly Intel: Top five analyst initiations
WAL Western Alliance
$36.67 /

+0.675 (+1.88%)

06/17/20 Citi
Western Alliance downgraded to Neutral from Buy at Citi
06/02/20 Wells Fargo
Western Alliance downgraded to Equal Weight from Overweight at Wells Fargo
06/02/20 Wells Fargo
Western Alliance downgraded to Equal Weight from Overweight at Wells Fargo
04/22/20 UBS
Western Alliance downgraded to Neutral from Buy at UBS
ZION Zions Bancorp
$33.05 /

+0.77 (+2.39%)

06/05/20 Wells Fargo
Zions Bancorp price target raised to $37 from $30 at Wells Fargo
05/20/20 DA Davidson
Zions Bancorp upgraded to Buy from Neutral at DA Davidson
05/20/20 DA Davidson
Zions Bancorp upgraded to Buy from Neutral at DA Davidson
04/21/20 DA Davidson
Zions Bancorp price target raised to $32 from $28 at DA Davidson
ZION Zions Bancorp
$33.05 /

+0.77 (+2.39%)

WAL Western Alliance
$36.67 /

+0.675 (+1.88%)

SIVB SVB Financial
$207.23 /

+3.38 (+1.66%)

IBTX Independent Bank
$38.91 /

+1.52 (+4.07%)

EWBC East West Bancorp
$35.26 /

+1.45 (+4.29%)

IBTX Independent Bank
$38.91 /

+1.52 (+4.07%)

ZION Zions Bancorp
$33.05 /

+0.77 (+2.39%)

WAL Western Alliance
$36.67 /

+0.675 (+1.88%)

IBTX Independent Bank
$38.91 /

+1.52 (+4.07%)

ZION Zions Bancorp
$33.05 /

+0.77 (+2.39%)

WAL Western Alliance
$36.67 /

+0.675 (+1.88%)

Over a week ago
Recommendations
East West Bancorp price target raised to $37 from $33 at DA Davidson » 08:35
06/19/20
06/19
08:35
06/19/20
08:35
EWBC

East West Bancorp

$38.00 /

+0.17 (+0.45%)

DA Davidson analyst Gary…

DA Davidson analyst Gary Tenner raised the firm's price target on East West Bancorp to $37 from $33 to reflect the rising valuation among bank stocks. Tenner is keeping a Neutral rating on the shares however while trimming his FY20 EPS view by 21c to $3.36, noting that the company's Q2 will likely see additional net interest margin compression as LIBOR rates moved down significantly after holding up well during Q1. The analyst further states that East West Bank's loan growth is likely to be "modest", with provision expense in Q2 seen near Q1 levels.

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EWBC East West Bancorp
$38.00 /

+0.17 (+0.45%)

EWBC East West Bancorp
$38.00 /

+0.17 (+0.45%)

04/14/20 Compass Point
East West Bancorp initiated with a Neutral at Compass Point
04/01/20 Keefe Bruyette
East West Bancorp downgraded to Market Perform from Outperform at Keefe Bruyette
03/30/20 Wells Fargo
East West Bancorp downgraded to Equal Weight from Overweight at Wells Fargo
03/30/20 Wells Fargo
East West Bancorp downgraded to Equal Weight from Overweight at Wells Fargo
EWBC East West Bancorp
$38.00 /

+0.17 (+0.45%)

Over a month ago
Earnings
East West Bancorp reports Q1 adj. EPS $1.00, consensus $1.24 » 08:12
04/23/20
04/23
08:12
04/23/20
08:12
EWBC

East West Bancorp

$26.96 /

-0.44 (-1.61%)

Reports Q1 CET1 capital…

Reports Q1 CET1 capital ratio 12.4%. Reports Q1 book value per share $34.67. Reports Q1 net charge-offs .10%. "In these unprecedented times, East West Bank has a clear focus - to support our customers and communities by being a source of strength and stability. We have taken actions to ensure the safety and well-being of our customers and associates, especially those on the front-line, by modifying working arrangements and protocols. Despite the many challenges and the volatile economic and market conditions resulting from the worldwide efforts to combat COVID-19, all of our 3,200 associates at East West stand ready and able to help our commercial and consumer customers," stated Dominic Ng, chairman and CEO of East West. "I want to thank all of our associates for their dedication and perseverance through this difficult time."

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EWBC East West Bancorp
$26.96 /

-0.44 (-1.61%)

04/14/20 Compass Point
East West Bancorp initiated with a Neutral at Compass Point
04/01/20 Keefe Bruyette
East West Bancorp downgraded to Market Perform from Outperform at Keefe Bruyette
03/30/20 Wells Fargo
East West Bancorp downgraded to Equal Weight from Overweight at Wells Fargo
03/30/20 Wells Fargo
East West Bancorp downgraded to Equal Weight from Overweight at Wells Fargo
Hot Stocks
Conformis receives $4.7M under CARES Act PPP » 09:15
04/20/20
04/20
09:15
04/20/20
09:15
CFMS

Conformis

$0.66 /

+0.0442 (+7.19%)

, EWBC

East West Bancorp

$27.96 /

+2.49 (+9.78%)

Conformis, Inc. (CFMS)…

Conformis, Inc. (CFMS) announced that on April 17, 2020 the Company entered into a $4,719,800 promissory note with East West Bank (EWBC) under the Paycheck Protection Program offered by the U.S. Small Business Administration to mitigate the negative financial and operational impacts of the coronavirus pandemic. In response to the coronavirus pandemic, the Coronavirus Aid, Relief, and Economic Security Act authorizes the SBA to make available low-interest rate loans to qualified small businesses under the PPP. According to the terms of the PPP, all or a portion of the loan may be fully forgiven if the funds are used for payroll costs, interest on certain other outstanding debt, rent, and utilities.

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CFMS Conformis
$0.66 /

+0.0442 (+7.19%)

08/01/19 BTIG
Conformis downgraded to Neutral from Buy at BTIG
08/01/19 BTIG
Conformis downgraded to Neutral from Buy at BTIG
EWBC East West Bancorp
$27.96 /

+2.49 (+9.78%)

04/14/20 Compass Point
East West Bancorp initiated with a Neutral at Compass Point
04/01/20 Keefe Bruyette
East West Bancorp downgraded to Market Perform from Outperform at Keefe Bruyette
03/30/20 Wells Fargo
East West Bancorp downgraded to Equal Weight from Overweight at Wells Fargo
03/30/20 Wells Fargo
East West Bancorp downgraded to Equal Weight from Overweight at Wells Fargo
Initiation
East West Bancorp initiated with a Neutral at Compass Point » 11:27
04/14/20
04/14
11:27
04/14/20
11:27
EWBC

East West Bancorp

$28.59 /

-0.59 (-2.02%)

Compass Point analyst…

Compass Point analyst David Rochester initiated coverage of East West Bancorp with a Neutral rating and $32 price target. The analyst, who started coverage of 17 large and mid-sized U.S. banks, sees his four Buy-rated names offering higher odds of more favorable relative stock price returns over the next "challenging" year for the U.S. economy.

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EWBC East West Bancorp
$28.59 /

-0.59 (-2.02%)

04/01/20 Keefe Bruyette
East West Bancorp downgraded to Market Perform from Outperform at Keefe Bruyette
03/30/20 Wells Fargo
East West Bancorp downgraded to Equal Weight from Overweight at Wells Fargo
03/30/20 Wells Fargo
East West Bancorp downgraded to Equal Weight from Overweight at Wells Fargo
03/06/20 SunTrust
SunTrust cuts price targets on Banks amid lower interest rate environment
Over a quarter ago
Downgrade
East West Bancorp downgraded to Market Perform from Outperform at Keefe Bruyette » 11:55
04/01/20
04/01
11:55
04/01/20
11:55
EWBC

East West Bancorp

$24.77 /

-1.08 (-4.18%)

Keefe Bruyette analyst…

Keefe Bruyette analyst Christopher McGratty downgraded East West Bancorp to Market Perform from Outperform with a $34 price target. The analyst views the stock's near-term risk/reward as less favorable due to the declining economic environment.

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EWBC East West Bancorp
$24.77 /

-1.08 (-4.18%)

03/30/20 Wells Fargo
East West Bancorp downgraded to Equal Weight from Overweight at Wells Fargo
03/30/20 Wells Fargo
East West Bancorp downgraded to Equal Weight from Overweight at Wells Fargo
03/06/20 SunTrust
SunTrust cuts price targets on Banks amid lower interest rate environment
02/19/20 DA Davidson
East West Bancorp downgraded to Neutral from Buy at DA Davidson
Downgrade
East West Bancorp downgraded to Equal Weight from Overweight at Wells Fargo » 06:14
03/30/20
03/30
06:14
03/30/20
06:14
EWBC

East West Bancorp

$28.13 /

-2.39 (-7.83%)

Wells Fargo analyst Jared…

Wells Fargo analyst Jared Shaw downgraded East West Bancorp to Equal Weight from Overweight with a price target of $31, down from $53, 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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EWBC East West Bancorp
$28.13 /

-2.39 (-7.83%)

03/30/20 Wells Fargo
East West Bancorp downgraded to Equal Weight from Overweight at Wells Fargo
03/06/20 SunTrust
SunTrust cuts price targets on Banks amid lower interest rate environment
02/19/20 DA Davidson
East West Bancorp downgraded to Neutral from Buy at DA Davidson
02/18/20 DA Davidson
East West Bancorp downgraded to Neutral from Buy at DA Davidson
Downgrade
East West Bancorp downgraded to Equal Weight from Overweight at Wells Fargo » 06:09
03/30/20
03/30
06:09
03/30/20
06:09
EWBC

East West Bancorp

$28.13 /

-2.39 (-7.83%)

Wells Fargo analyst Jared…

Wells Fargo analyst Jared Shaw downgraded East West Bancorp to Equal Weight from Overweight with a price target of $31, down from $53.

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EWBC East West Bancorp
$28.13 /

-2.39 (-7.83%)

03/06/20 SunTrust
SunTrust cuts price targets on Banks amid lower interest rate environment
02/19/20 DA Davidson
East West Bancorp downgraded to Neutral from Buy at DA Davidson
02/18/20 DA Davidson
East West Bancorp downgraded to Neutral from Buy at DA Davidson
01/24/20 Wells Fargo
'A lot to like' in East West Bancorp's Q4 report, says Wells Fargo
Recommendations
SunTrust cuts price targets on Banks amid lower interest rate environment » 09:40
03/06/20
03/06
09:40
03/06/20
09:40
ASB

Associated Banc-Corp

$16.18 /

+ (+0.00%)

, BOKF

BOK Financial

$70.40 /

+ (+0.00%)

, BXS

BancorpSouth

$25.10 /

+ (+0.00%)

, CADE

Cadence Bancorp

$13.04 /

+ (+0.00%)

, CMA

Comerica

$46.75 /

+ (+0.00%)

, EWBC

East West Bancorp

$38.35 /

+ (+0.00%)

, FFIN

First Financial

$28.77 /

+ (+0.00%)

, GBCI

Glacier Bancorp

$37.13 /

+ (+0.00%)

, OZK

Bank OZK

$24.71 /

+ (+0.00%)

, RNST

Renasant

$27.55 /

+ (+0.00%)

, SIVB

SVB Financial

$184.71 /

+ (+0.00%)

, SNV

Synovus

$26.64 /

+ (+0.00%)

, SSB

South State

$68.93 /

+ (+0.00%)

, TCBI

Texas Capital

$44.48 /

+ (+0.00%)

, TRMK

Trustmark

$26.37 /

+ (+0.00%)

, WAL

Western Alliance

$42.70 /

+ (+0.00%)

, WTFC

Wintrust Financial

$49.53 /

+ (+0.00%)

, ZION

Zions Bancorp

$36.11 /

+ (+0.00%)

SunTrust analyst Jennifer…

SunTrust analyst Jennifer Demba is cutting her earnings estimates and price targets in the banking sector to account for a lower interest rate environment after the emergency FOMC cut as well as her expected slower loan growth. The analyst contends that due to the "magnitude and suddenness of the rate cut", deposit repricing may take longer to offset lower loan yields and exacerbate the near term net interest margin compression. Among the names impacted, Demba is cutting price target on Ameris Bancorp (ABCB) to $42 from $50, Associated Banc-Corp (ASB) to $18 from $23, BOK Financial Corporation (BOKF) to $10 from $13, BancorpSouth, Inc. (BXS) to $30 from $36, Cadence Bancorp (CADE) to $14 from $18, Comerica (CMA) to $56 from $72, East West Bancorp (EWBC) to $49 from $57, First Financial (FFIN) to $30 from $37, Glacier (GBCI) to $41 from $48, Bank OZK (OZK) to $27 from $31, Renasant (RNST) to $32 from $36, SVB Financial (SIVB) to $235 from $293, Synovus (SNV) to $32 from $42, South State (SSB) to $80 from $90, Texas Capital (TCBI) to $45 from $58, Trustmark (TRMK) to $27 from $34, Western Aliance (WAL) to $53 from $63, Wintrust (WTFC) to $55 from $74, and Zions (ZION) to $43 from $60.

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ASB Associated Banc-Corp
$16.18 /

+ (+0.00%)

02/20/20 Raymond James
Associated Banc-Corp upgraded to Market Perform from Underperform at Raymond James
02/20/20 Raymond James
Associated Banc-Corp upgraded to Market Perform at Raymond James
01/06/20 Wells Fargo
Associated Banc-Corp downgraded to Underweight on valuation at Wells Fargo
01/06/20 Wells Fargo
Associated Banc-Corp downgraded to Underweight from Equal Weight at Wells Fargo
BOKF BOK Financial
$70.40 /

+ (+0.00%)

01/23/20 DA Davidson
BOK Financial downgraded to Neutral from Buy at DA Davidson
01/23/20 DA Davidson
BOK Financial downgraded to Neutral from Buy at DA Davidson
01/02/20 SunTrust
SunTrust raises price targets on select regional banks on improved margins
12/20/19
Fly Intel: Top five analyst downgrades
BXS BancorpSouth
$25.10 /

+ (+0.00%)

03/02/20 Janney Montgomery Scott
BancorpSouth upgraded to Buy from Neutral at Janney Montgomery Scott
01/30/20 DA Davidson
BancorpSouth upgraded to Buy from Neutral at DA Davidson
09/25/19
Fly Intel: Top analyst upgrades
09/25/19
BancorpSouth upgraded to Buy from Hold at SunTrust
CADE Cadence Bancorp
$13.04 /

+ (+0.00%)

10/24/19
Fly Intel: Top five analyst downgrades
10/24/19 JPMorgan
JPMorgan downgrades Cadence Bancorp to Neutral on credit pressures
10/24/19 Piper Sandler
Cadence Bancorp downgraded to Neutral from Overweight at Piper Jaffray
CMA Comerica
$46.75 /

+ (+0.00%)

02/28/20 Wells Fargo
Wells Fargo cuts large-cap bank estimates, but notes balance sheet strength
01/22/20
Fly Intel: Top five analyst upgrades
01/22/20 DA Davidson
Comerica price target lowered to $69 from $77 at DA Davidson
01/22/20 SunTrust
Comerica price target lowered to $72 from $75 at SunTrust
EWBC East West Bancorp
$38.35 /

+ (+0.00%)

02/19/20 DA Davidson
East West Bancorp downgraded to Neutral from Buy at DA Davidson
02/18/20 DA Davidson
East West Bancorp downgraded to Neutral from Buy at DA Davidson
01/24/20 Wells Fargo
'A lot to like' in East West Bancorp's Q4 report, says Wells Fargo
01/06/20 UBS
East West Bancorp outperformance unlikely with trade tension, says UBS
FFIN First Financial
$28.77 /

+ (+0.00%)

GBCI Glacier Bancorp
$37.13 /

+ (+0.00%)

12/24/19 DA Davidson
Glacier Bancorp price target raised to $48 from $45 at DA Davidson
OZK Bank OZK
$24.71 /

+ (+0.00%)

01/10/20 Piper Sandler
Bank OZK upgraded to Overweight from Neutral at Piper Sandler
RNST Renasant
$27.55 /

+ (+0.00%)

10/23/19 Sandler O'Neill
Sandler O'Neill downgrades Renasant to Hold after 'disappointing' earnings miss
10/23/19 Sandler O'Neill
Renasant downgraded to Hold from Buy at Sandler O'Neill
08/20/19 DA Davidson
Renasant initiated with a Neutral at DA Davidson
06/26/19 SunTrust
Renasant initiated with a Hold at SunTrust on valuation
SIVB SVB Financial
$184.71 /

+ (+0.00%)

01/27/20 SunTrust
SVB Financial price target raised to $293 from $285 at SunTrust
01/27/20 Maxim
SVB Financial price target raised to $300 from $275 at Maxim
01/09/20 BofA
SVB Financial named top pick for 2020 at BofA
01/09/20 BofA
Amazaon, Wix.com, & SVB Financial added to US 1 List at BofA
SNV Synovus
$26.64 /

+ (+0.00%)

03/04/20 DA Davidson
Synovus price target lowered to $35 from $42 at DA Davidson
01/27/20 SunTrust
Synovus price target lowered to $42 from $48 at SunTrust
01/27/20 Raymond James
Synovus downgraded to Outperform from Strong Buy at Raymond James
SSB South State
$68.93 /

+ (+0.00%)

02/28/20 DA Davidson
South State South State initiated with a Neutral at DA Davidson
02/27/20 DA Davidson
South State initiated with a Neutral at DA Davidson
01/29/20 Keefe Bruyette
CenterState Bank downgraded to Market Perform from Outperform at Keefe Bruyette
TCBI Texas Capital
$44.48 /

+ (+0.00%)

02/20/20 UBS
Texas Capital upgraded to Neutral from Sell at UBS
01/29/20 Stephens
Stephens ups Independent Bank to Overweight, says integration risk priced in
01/23/20 RBC Capital
Texas Capital price target lowered to $59 from $66 at RBC Capital
01/23/20 Wedbush
Texas Capital price target lowered to $61 from $66 at Wedbush
TRMK Trustmark
$26.37 /

+ (+0.00%)

03/19/19 Keefe Bruyette
Trustmark downgraded to Underperform from Market Perform at Keefe Bruyette
WAL Western Alliance
$42.70 /

+ (+0.00%)

08/23/19 Wedbush
Western Alliance added to Best Ideas List at Wedbush
04/24/19 Wells Fargo
Western Alliance price target raised to $58 from $53 at Wells Fargo
WTFC Wintrust Financial
$49.53 /

+ (+0.00%)

01/22/20 Keefe Bruyette
Wintrust downgraded to Market Perform from Outperform at Keefe Bruyette
01/22/20 Wedbush
Wintrust Financial price target lowered to $75 from $80 at Wedbush
01/14/20 Piper Sandler
Wintrust Financial downgraded to Neutral from Overweight at Piper Sandler
12/27/19 Stephens
Fiserv, SurveyMonkey among stocks dropped from Stephens Best Ideas list
ZION Zions Bancorp
$36.11 /

+ (+0.00%)

02/10/20 RBC Capital
Zions Bancorp downgraded to Sector Perform from Outperform at RBC Capital
01/28/20 Baird
Zions Bancorp upgraded to Neutral at Baird
01/28/20 Baird
Zions Bancorp upgraded to Neutral from Underperform at Baird
Hot Stocks
East West Bancorp announces $500M share buyback » 20:49
03/03/20
03/03
20:49
03/03/20
20:49
EWBC

East West Bancorp

$37.90 /

-2.54 (-6.28%)

East West Bancorp…

East West Bancorp announced that its board authorized the repurchase of up to $500 million of East West's common stock, par value $0.001 per share. This $500M repurchase authorization is inclusive of the company's $100M stock repurchase authorization currently outstanding.

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EWBC East West Bancorp
$37.90 /

-2.54 (-6.28%)

02/19/20 DA Davidson
East West Bancorp downgraded to Neutral from Buy at DA Davidson
02/18/20 DA Davidson
East West Bancorp downgraded to Neutral from Buy at DA Davidson
01/24/20 Wells Fargo
'A lot to like' in East West Bancorp's Q4 report, says Wells Fargo
01/06/20 UBS
East West Bancorp outperformance unlikely with trade tension, says UBS

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