Breaking News

Over a month ago
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Earnings
Southside Bancshares reports Q4 EPS 89c, consensus 64c » 06:09
01/27/21
01/27
06:09
01/27/21
06:09
SBSI

Southside Bancshares

$32.92 /

-0.29 (-0.87%)

Reports Q4 revenue…

Reports Q4 revenue $62.78M, consensus $59.77M. Reports Q4 loan loss provision ($5.9M) vs. $2.5M for Q3 and ($4.4M) a year ago. Q4 net charge-offs were $0.2M vs. $2.8M for Q3 and $0.4M a year ago. Tangible book value per common share was $20.16 at quarter end from $18.97 at previous quarter end. "The ability to report record annual net income, combined with strong asset quality metrics, during a year challenged by a pandemic and the related uncertainties, while implementing ASU 2016-13, in my opinion, makes 2020 by far the best year in the history of the bank," stated CEO Lee Gibson. "The $12.2M increase in net income for Q4 compared to the same period in 2019, was driven by an increase in net interest income and a decrease in provision for credit losses. During Q4, we expensed approximately $1.0M related to branch closures. Asset quality metrics remained strong with nonperforming assets to total assets at year end of 0.25%. As of January 25, 2021, and since the release of our Q2 results in July, total modified loans due to the impact of COVID-19 have decreased approximately $291M, or 89%, from $326M as of July 20, to $35M, or 1.0% of total loans, net of PPP loans. On a linked quarter basis, our net interest margin increased 18 basis points to 3.20%, of which approximately 14 basis points was attributable to additional accretion income on PPP loans forgiven by the Small Business Administration during the quarter. Despite the extremely low interest rate environment during much of 2020, we were able to successfully maintain and slightly increase Southside's net interest margin when compared to 2019. During Q4, loans decreased $132.2M primarily due to the $88M decrease in PPP loans and a few large payoffs in commercial real estate loans. Our loan pipeline continues to grow as lending opportunities in our markets are steadily increasing. We anticipate further forgiveness of PPP loans and additional large payoffs will challenge overall loan growth during 1Q21. Our balance sheet, capital position and underlying earnings continue to be a source of strength, as reflected in our Q4 results."

ShowHide Related Items >><<
SBSI Southside Bancshares
$32.92 /

-0.29 (-0.87%)

SBSI Southside Bancshares
$32.92 /

-0.29 (-0.87%)

12/15/20 Truist
Truist raises price targets on select regional banks
SBSI Southside Bancshares
$32.92 /

-0.29 (-0.87%)

Recommendations
Truist raises price targets on select regional banks » 09:35
12/15/20
12/15
09:35
12/15/20
09:35
AMTB

Amerant Bancorp

$15.62 /

-0.38 (-2.38%)

, CATY

Cathay General

$30.36 /

+0.19 (+0.63%)

, EWBC

East West Bancorp

$48.65 /

+0.97 (+2.03%)

, GBCI

Glacier Bancorp

$44.82 /

+0.76 (+1.72%)

, IBTX

Independent Bank

$60.34 /

+0.06 (+0.10%)

, PACW

PacWest Bancorp

$24.69 /

-0.24 (-0.96%)

, SBCF

Seacoast Banking

$28.31 /

+0.32 (+1.14%)

, SBSI

Southside Bancshares

$30.93 /

-0.19 (-0.61%)

, WAL

Western Alliance

$58.53 /

+0.395 (+0.68%)

, WTFC

Wintrust Financial

$61.09 /

+0.21 (+0.34%)

Truist analyst Michael…

Truist analyst Michael Young raised his price targets on Buy-rated East West Bancorp (EWBC) from $43 to $58, Glacier Bancorp (GBCI) from $42 to $50, Seacoast Banking (SBCF) from $24 to $34, and Western Alliance (WAL) from $50 to $69 and on Hold-rated Amerant Bancorp (AMTB) from $13 to $17, Cathay General (CATY) from $28 to $33, Independent Bank (IBTX) from $55 to $66, PacWest Bancorp (PACW) from $21 to $27, and Wintrust Financial (WTFC) from $56 to $67 as part of his broader research note on regional banks. The analyst contends that the sector could return to more normal price to earnings multiples in the low-mid teens range given that credit tail risks are likely removed with an approved vaccine and the potential for economic stimulus in 2021.

ShowHide Related Items >><<
WTFC Wintrust Financial
$61.09 /

+0.21 (+0.34%)

SBSI Southside Bancshares
$30.93 /

-0.19 (-0.61%)

SBCF Seacoast Banking
$28.31 /

+0.32 (+1.14%)

PACW PacWest Bancorp
$24.69 /

-0.24 (-0.96%)

IBTX Independent Bank
$60.34 /

+0.06 (+0.10%)

CATY Cathay General
$30.36 /

+0.19 (+0.63%)

AMTB Amerant Bancorp
$15.62 /

-0.38 (-2.38%)

AMTB Amerant Bancorp
$15.62 /

-0.38 (-2.38%)

10/06/20 Piper Sandler
Amerant Bancorp initiated with a Neutral at Piper Sandler
CATY Cathay General
$30.36 /

+0.19 (+0.63%)

EWBC East West Bancorp
$48.65 /

+0.97 (+2.03%)

10/12/20 Piper Sandler
East West Bancorp assumed with a Neutral at Piper Sandler
06/30/20 Truist
SunTrust raises price targets across regional/community banks
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
GBCI Glacier Bancorp
$44.82 /

+0.76 (+1.72%)

03/16/20 DA Davidson
Glacier Bancorp upgraded to Buy from Neutral at DA Davidson
03/16/20 DA Davidson
Searching... upgraded to Buy from Neutral at DA Davidson
03/06/20 Truist
SunTrust cuts price targets on Banks amid lower interest rate environment
12/24/19 DA Davidson
Glacier Bancorp price target raised to $48 from $45 at DA Davidson
IBTX Independent Bank
$60.34 /

+0.06 (+0.10%)

10/06/20 Raymond James
Independent Bank downgraded to Market Perform from Outperform at Raymond James
10/06/20 Raymond James
Independent Bank downgraded to Market Perform from Outperform at Raymond James
06/02/20 Jefferies
Texas Capital resumed with a Hold at Jefferies
PACW PacWest Bancorp
$24.69 /

-0.24 (-0.96%)

11/23/20
Fly Intel: Top five analyst downgrades
11/23/20 Raymond James
PacWest Bancorp downgraded to Market Perform from Strong Buy at Raymond James
06/17/20 Raymond James
PacWest Bancorp upgraded to Strong Buy from Market Perform at Raymond James
SBCF Seacoast Banking
$28.31 /

+0.32 (+1.14%)

12/04/20 B. Riley Securities
Seacoast Banking price target raised to $30 from $28 at B. Riley Securities
11/10/20 B. Riley Securities
Seacoast Banking price target raised to $28 from $25 at B. Riley Securities
07/02/20 B. Riley Securities
Seacoast Banking upgraded to Buy with $25 target at B. Riley FBR
07/02/20 B. Riley Securities
Seacoast Banking upgraded to Buy from Neutral at B. Riley FBR
SBSI Southside Bancshares
$30.93 /

-0.19 (-0.61%)

WAL Western Alliance
$58.53 /

+0.395 (+0.68%)

11/04/20 Stephens
Western Alliance resumed with an Overweight at Stephens
11/02/20 Truist
Western Alliance price target raised to $50 from $41 at Truist
06/17/20 Citi
Western Alliance downgraded to Neutral from Buy at Citi
WTFC Wintrust Financial
$61.09 /

+0.21 (+0.34%)

11/25/20 Janney Montgomery Scott
Wintrust Financial downgraded to Neutral from Buy at Janney Montgomery Scott
11/02/20 Truist
Wintrust Financial price target raised to $56 from $47 at Truist
10/22/20 Keefe Bruyette
Wintrust downgraded to Market Perform from Outperform at Keefe Bruyette
10/22/20 Wedbush
Wintrust Financial price target raised to $57 from $50 at Wedbush
WTFC Wintrust Financial
$61.09 /

+0.21 (+0.34%)

WAL Western Alliance
$58.53 /

+0.395 (+0.68%)

SBSI Southside Bancshares
$30.93 /

-0.19 (-0.61%)

SBCF Seacoast Banking
$28.31 /

+0.32 (+1.14%)

PACW PacWest Bancorp
$24.69 /

-0.24 (-0.96%)

IBTX Independent Bank
$60.34 /

+0.06 (+0.10%)

GBCI Glacier Bancorp
$44.82 /

+0.76 (+1.72%)

EWBC East West Bancorp
$48.65 /

+0.97 (+2.03%)

CATY Cathay General
$30.36 /

+0.19 (+0.63%)

WTFC Wintrust Financial
$61.09 /

+0.21 (+0.34%)

IBTX Independent Bank
$60.34 /

+0.06 (+0.10%)

WAL Western Alliance
$58.53 /

+0.395 (+0.68%)

Over a quarter ago
Hot Stocks
Southside Bancshares resumes stock repurchase plan » 08:16
11/16/20
11/16
08:16
11/16/20
08:16
SBSI

Southside Bancshares

$29.71 /

+0.68 (+2.34%)

Southside Bancshares will…

Southside Bancshares will resume purchases of common stock subject to its current Stock Repurchase Plan, under which 1.1 million authorized shares remain. On March 13, 2020, the Company announced the Board of Directors increased its authorization under the Plan, previously authorized in September 2019, by an additional 1.0 million shares, for a total authorization to repurchase up to 2.0 million shares. Under the Plan, approximately 900,000 shares have been repurchased at an average price of $29.82 per share. There have been no repurchases since March 31, 2020.

ShowHide Related Items >><<
SBSI Southside Bancshares
$29.71 /

+0.68 (+2.34%)

SBSI Southside Bancshares
$29.71 /

+0.68 (+2.34%)

Hot Stocks
Southside Bancshares raises quarterly dividend to 32c, declares special dividend » 17:02
11/10/20
11/10
17:02
11/10/20
17:02
SBSI

Southside Bancshares

$30.20 /

+0.92 (+3.14%)

In a separate action, the…

In a separate action, the Board declared a special cash dividend of 5c per common share. The combined cash dividend of 37c is scheduled for payment on December 10 to common stock shareholders of record on November 25.

ShowHide Related Items >><<
SBSI Southside Bancshares
$30.20 /

+0.92 (+3.14%)

Earnings
Southside Bancshares reports Q3 EPS 82c, consensus 56c » 06:44
10/23/20
10/23
06:44
10/23/20
06:44
SBSI

Southside Bancshares

$26.76 /

+0.77 (+2.96%)

Reports Q3 revenue…

Reports Q3 revenue $60.75M, consensus $60.84M. Q3 loan loss provision was ($4.4M) vs. $1.0M for 3Q19 and $6.3M in the previous quarter. Q3 net charge-offs were $0.4M vs. $0.6M for 3Q19 and $0.1M in 2Q20. Tangible book value per common share was $18.97 at quarter end from $18.32 at previous quarter end. CEO Lee Gibson stated, "We reported a return on Q3 average tangible equity of 17.73% as net income increased 36.8% compared to the same period in 2019, largely driven by a decrease in provision for credit losses and an increase in net interest income that was partially offset by an increase in noninterest expense. Asset quality metrics remain solid with nonperforming assets to total assets decreasing to 0.23%. As of October 20, and since the release of our Q2 results in July, total COVID-19 modified loans have decreased approximately $249M, or 76.5%, from $326M as of July 20, to $76.5M, or 2.2% of total loans, net of Paycheck Protection Program loans. On a linked quarter basis our net interest margin remained unchanged at 3.02%, while the net interest spread increased two basis points to 2.84%. During Q3 loans decreased $62.6M primarily due to a few large payoffs in commercial real estate loans. Our loan pipeline is growing as lending opportunities in our markets are steadily increasing. Our balance sheet, capital position and underlying earnings continue to be a source of strength, as reflected in our Q3 results."

ShowHide Related Items >><<
SBSI Southside Bancshares
$26.76 /

+0.77 (+2.96%)

Conference/Events
Keefe Bruyette to hold a virtual conference » 04:55
07/30/20
07/30
04:55
07/30/20
04:55
ABTX

Allegiance Bancshares

$24.40 /

+0.96 (+4.10%)

, BY

Byline Bancorp

$13.50 /

-0.2 (-1.46%)

, CCB

Coastal Financial

$13.38 /

+0.06 (+0.45%)

, CBAN

Colony Bankcorp

$11.00 /

+0.21 (+1.95%)

, HTLF

Heartland Financial

$32.66 /

+0.87 (+2.74%)

, FBIZ

First Business Financial

$14.50 /

-0.03 (-0.21%)

, OPBK

OP Bancorp

$6.25 /

-0.07 (-1.11%)

, NFBK

Northfield Bancorp

$9.88 /

+0.04 (+0.41%)

, LKFN

Lakeland Financial

$44.37 /

+0.1 (+0.23%)

, SI

Silvergate Capital

$14.41 /

+0.28 (+1.98%)

, PB

Prosperity Bancshares

$58.64 /

+2.98 (+5.35%)

, PEBO

Peoples Bancorp

$20.87 /

+0.51 (+2.50%)

, SBSI

Southside Bancshares

$28.05 /

+0.57 (+2.07%)

, STXB

Spirit of Texas Bancshares

$11.29 /

+0.35 (+3.20%)

, TCFC

Community Financial

$22.00 /

+ (+0.00%)

, TBK

Triumph Bancorp

$26.91 /

+1.22 (+4.75%)

, UVSP

Univest

$15.62 /

+0.4 (+2.63%)

, WASH

Washington Trust

$33.63 /

+0.53 (+1.60%)

Community Bank Investor…

Community Bank Investor Virtual Conference will be held on July 28-30. Webcast Link

ShowHide Related Items >><<
WASH Washington Trust
$33.63 /

+0.53 (+1.60%)

TCFC Community Financial
$22.00 /

+ (+0.00%)

TBK Triumph Bancorp
$26.91 /

+1.22 (+4.75%)

STXB Spirit of Texas Bancshares
$11.29 /

+0.35 (+3.20%)

SI Silvergate Capital
$14.41 /

+0.28 (+1.98%)

SBSI Southside Bancshares
$28.05 /

+0.57 (+2.07%)

OPBK OP Bancorp
$6.25 /

-0.07 (-1.11%)

NFBK Northfield Bancorp
$9.88 /

+0.04 (+0.41%)

LKFN Lakeland Financial
$44.37 /

+0.1 (+0.23%)

HTLF Heartland Financial
$32.66 /

+0.87 (+2.74%)

CBAN Colony Bankcorp
$11.00 /

+0.21 (+1.95%)

BY Byline Bancorp
$13.50 /

-0.2 (-1.46%)

ABTX Allegiance Bancshares
$24.40 /

+0.96 (+4.10%)

ABTX Allegiance Bancshares
$24.40 /

+0.96 (+4.10%)

10/28/19 Raymond James
Allegiance Bancshares downgraded to Market Perform from Outperform at Raymond James
BY Byline Bancorp
$13.50 /

-0.2 (-1.46%)

12/19/19 Stephens
Byline Bancorp upgraded to Overweight from Equal Weight at Stephens
CCB Coastal Financial
$13.38 /

+0.06 (+0.45%)

CBAN Colony Bankcorp
$11.00 /

+0.21 (+1.95%)

HTLF Heartland Financial
$32.66 /

+0.87 (+2.74%)

06/11/20 DA Davidson
Heartland Financial price target raised to $37 from $33 at DA Davidson
01/28/20 Piper Sandler
Heartland Financial upgraded to Overweight from Neutral at Piper Sandler
FBIZ First Business Financial
$14.50 /

-0.03 (-0.21%)

06/17/20 Raymond James
First Business Financial upgraded to Outperform from Market Perform at Raymond James
OPBK OP Bancorp
$6.25 /

-0.07 (-1.11%)

NFBK Northfield Bancorp
$9.88 /

+0.04 (+0.41%)

LKFN Lakeland Financial
$44.37 /

+0.1 (+0.23%)

SI Silvergate Capital
$14.41 /

+0.28 (+1.98%)

07/28/20 Canaccord
Silvergate Capital positioning keeps getting more attractive, says Canaccord
03/16/20 Canaccord
Silvergate Capital initiated with a Buy at Canaccord
12/02/19 Keefe Bruyette
Silvergate Capital initiated with a Market Perform at Keefe Bruyette
12/02/19
Fly Intel: Top five analyst initiations
PB Prosperity Bancshares
$58.64 /

+2.98 (+5.35%)

07/01/20 Piper Sandler
Prosperity Bancshares upgraded to Overweight from Neutral at Piper Sandler
06/09/20 Wedbush
Prosperity Bancshares downgraded to Neutral from Outperform at Wedbush
04/30/20 Truist
Prosperity Bancshares price target raised to $75 from $55 at SunTrust
04/30/20 BofA
Prosperity Bancshares upgraded to Neutral from Underperform at BofA
PEBO Peoples Bancorp
$20.87 /

+0.51 (+2.50%)

06/19/20 B. Riley Securities
B. Riley FBR starts Peoples Bancorp with Buy, $29 price target
06/18/20 B. Riley Securities
Peoples Bancorp initiated with a Buy at B. Riley FBR
01/10/20 DA Davidson
DA Davidson upgrades Peoples Bancorp to Buy, says loan growth underestimated
01/10/20 DA Davidson
Peoples Bancorp upgraded to Buy from Neutral at DA Davidson
SBSI Southside Bancshares
$28.05 /

+0.57 (+2.07%)

STXB Spirit of Texas Bancshares
$11.29 /

+0.35 (+3.20%)

05/12/20 Stephens
Spirit of Texas Bancshares downgraded to Equal Weight from Overweight at Stephens
12/24/19 DA Davidson
Simmons First National price target raised to $33 from $30 at DA Davidson
TCFC Community Financial
$22.00 /

+ (+0.00%)

TBK Triumph Bancorp
$26.91 /

+1.22 (+4.75%)

07/10/20
Fly Intel: Top five analyst upgrades
07/10/20 DA Davidson
Triumph Bancorp upgraded to Buy from Neutral at DA Davidson
07/10/20 DA Davidson
Triumph Bancorp upgraded to Buy from Neutral at DA Davidson
06/02/20 Wells Fargo
Triumph Bancorp downgraded to Underweight at Wells Fargo on valuation
UVSP Univest
$15.62 /

+0.4 (+2.63%)

06/01/20 Stephens
Univest initiated with an Overweight at Stephens
11/26/19 Raymond James
Univest initiated with an Outperform and $29 price target at Raymond James
11/26/19 Raymond James
Univest initiated with an Outperform at Raymond James
WASH Washington Trust
$33.63 /

+0.53 (+1.60%)

04/28/20
Fly Intel: Top five analyst upgrades
04/28/20 Compass Point
Washington Trust upgraded to Buy on credit expectations at Compass Point
04/28/20 Compass Point
Washington Trust upgraded at Compass Point
12/09/19 Compass Point
Washington Trust downgraded to Neutral from Buy at Compass Point
WASH Washington Trust
$33.63 /

+0.53 (+1.60%)

UVSP Univest
$15.62 /

+0.4 (+2.63%)

TBK Triumph Bancorp
$26.91 /

+1.22 (+4.75%)

STXB Spirit of Texas Bancshares
$11.29 /

+0.35 (+3.20%)

SI Silvergate Capital
$14.41 /

+0.28 (+1.98%)

SBSI Southside Bancshares
$28.05 /

+0.57 (+2.07%)

PEBO Peoples Bancorp
$20.87 /

+0.51 (+2.50%)

PB Prosperity Bancshares
$58.64 /

+2.98 (+5.35%)

OPBK OP Bancorp
$6.25 /

-0.07 (-1.11%)

NFBK Northfield Bancorp
$9.88 /

+0.04 (+0.41%)

LKFN Lakeland Financial
$44.37 /

+0.1 (+0.23%)

HTLF Heartland Financial
$32.66 /

+0.87 (+2.74%)

FBIZ First Business Financial
$14.50 /

-0.03 (-0.21%)

CCB Coastal Financial
$13.38 /

+0.06 (+0.45%)

CBAN Colony Bankcorp
$11.00 /

+0.21 (+1.95%)

BY Byline Bancorp
$13.50 /

-0.2 (-1.46%)

ABTX Allegiance Bancshares
$24.40 /

+0.96 (+4.10%)

  • 07
    Nov
PB Prosperity Bancshares
$58.64 /

+2.98 (+5.35%)

TBK Triumph Bancorp
$26.91 /

+1.22 (+4.75%)

Conference/Events
Keefe Bruyette to hold a virtual conference » 04:55
07/29/20
07/29
04:55
07/29/20
04:55
ABTX

Allegiance Bancshares

$23.44 /

-0.04 (-0.17%)

, BY

Byline Bancorp

$13.70 /

-0.12 (-0.87%)

, CCB

Coastal Financial

$13.32 /

-0.15 (-1.11%)

, CBAN

Colony Bankcorp

$10.79 /

+0.01 (+0.09%)

, HTLF

Heartland Financial

$31.79 /

+1.19 (+3.89%)

, FBIZ

First Business Financial

$14.53 /

-0.46 (-3.07%)

, OPBK

OP Bancorp

$6.32 /

+0.04 (+0.64%)

, NFBK

Northfield Bancorp

$9.84 /

+0.14 (+1.44%)

, LKFN

Lakeland Financial

$44.27 /

-1.55 (-3.38%)

, SI

Silvergate Capital

$14.13 /

-0.02 (-0.14%)

, PB

Prosperity Bancshares

$55.66 /

+0.57 (+1.03%)

, PEBO

Peoples Bancorp

$20.36 /

+0.18 (+0.89%)

, SBSI

Southside Bancshares

$27.48 /

+0.2 (+0.73%)

, STXB

Spirit of Texas Bancshares

$10.94 /

+0.38 (+3.60%)

, TCFC

Community Financial

$22.00 /

+ (+0.00%)

, TBK

Triumph Bancorp

$25.69 /

-1.32 (-4.89%)

, UVSP

Univest

$15.22 /

+0.08 (+0.53%)

, WASH

Washington Trust

$33.10 /

+0.56 (+1.72%)

Community Bank Investor…

Community Bank Investor Virtual Conference will be held on July 28-30. Webcast Link

ShowHide Related Items >><<
WASH Washington Trust
$33.10 /

+0.56 (+1.72%)

TCFC Community Financial
$22.00 /

+ (+0.00%)

TBK Triumph Bancorp
$25.69 /

-1.32 (-4.89%)

STXB Spirit of Texas Bancshares
$10.94 /

+0.38 (+3.60%)

SI Silvergate Capital
$14.13 /

-0.02 (-0.14%)

SBSI Southside Bancshares
$27.48 /

+0.2 (+0.73%)

PB Prosperity Bancshares
$55.66 /

+0.57 (+1.03%)

OPBK OP Bancorp
$6.32 /

+0.04 (+0.64%)

NFBK Northfield Bancorp
$9.84 /

+0.14 (+1.44%)

LKFN Lakeland Financial
$44.27 /

-1.55 (-3.38%)

HTLF Heartland Financial
$31.79 /

+1.19 (+3.89%)

CBAN Colony Bankcorp
$10.79 /

+0.01 (+0.09%)

BY Byline Bancorp
$13.70 /

-0.12 (-0.87%)

ABTX Allegiance Bancshares
$23.44 /

-0.04 (-0.17%)

ABTX Allegiance Bancshares
$23.44 /

-0.04 (-0.17%)

10/28/19 Raymond James
Allegiance Bancshares downgraded to Market Perform from Outperform at Raymond James
BY Byline Bancorp
$13.70 /

-0.12 (-0.87%)

12/19/19 Stephens
Byline Bancorp upgraded to Overweight from Equal Weight at Stephens
CCB Coastal Financial
$13.32 /

-0.15 (-1.11%)

CBAN Colony Bankcorp
$10.79 /

+0.01 (+0.09%)

HTLF Heartland Financial
$31.79 /

+1.19 (+3.89%)

06/11/20 DA Davidson
Heartland Financial price target raised to $37 from $33 at DA Davidson
01/28/20 Piper Sandler
Heartland Financial upgraded to Overweight from Neutral at Piper Sandler
FBIZ First Business Financial
$14.53 /

-0.46 (-3.07%)

06/17/20 Raymond James
First Business Financial upgraded to Outperform from Market Perform at Raymond James
OPBK OP Bancorp
$6.32 /

+0.04 (+0.64%)

NFBK Northfield Bancorp
$9.84 /

+0.14 (+1.44%)

LKFN Lakeland Financial
$44.27 /

-1.55 (-3.38%)

SI Silvergate Capital
$14.13 /

-0.02 (-0.14%)

07/28/20 Canaccord
Silvergate Capital positioning keeps getting more attractive, says Canaccord
03/16/20 Canaccord
Silvergate Capital initiated with a Buy at Canaccord
12/02/19 Keefe Bruyette
Silvergate Capital initiated with a Market Perform at Keefe Bruyette
12/02/19
Fly Intel: Top five analyst initiations
PB Prosperity Bancshares
$55.66 /

+0.57 (+1.03%)

07/01/20 Piper Sandler
Prosperity Bancshares upgraded to Overweight from Neutral at Piper Sandler
06/09/20 Wedbush
Prosperity Bancshares downgraded to Neutral from Outperform at Wedbush
04/30/20 Truist
Prosperity Bancshares price target raised to $75 from $55 at SunTrust
04/30/20 BofA
Prosperity Bancshares upgraded to Neutral from Underperform at BofA
PEBO Peoples Bancorp
$20.36 /

+0.18 (+0.89%)

06/19/20 B. Riley Securities
B. Riley FBR starts Peoples Bancorp with Buy, $29 price target
06/18/20 B. Riley Securities
Peoples Bancorp initiated with a Buy at B. Riley FBR
01/10/20 DA Davidson
DA Davidson upgrades Peoples Bancorp to Buy, says loan growth underestimated
01/10/20 DA Davidson
Peoples Bancorp upgraded to Buy from Neutral at DA Davidson
SBSI Southside Bancshares
$27.48 /

+0.2 (+0.73%)

STXB Spirit of Texas Bancshares
$10.94 /

+0.38 (+3.60%)

05/12/20 Stephens
Spirit of Texas Bancshares downgraded to Equal Weight from Overweight at Stephens
12/24/19 DA Davidson
Simmons First National price target raised to $33 from $30 at DA Davidson
TCFC Community Financial
$22.00 /

+ (+0.00%)

TBK Triumph Bancorp
$25.69 /

-1.32 (-4.89%)

07/10/20
Fly Intel: Top five analyst upgrades
07/10/20 DA Davidson
Triumph Bancorp upgraded to Buy from Neutral at DA Davidson
07/10/20 DA Davidson
Triumph Bancorp upgraded to Buy from Neutral at DA Davidson
06/02/20 Wells Fargo
Triumph Bancorp downgraded to Underweight at Wells Fargo on valuation
UVSP Univest
$15.22 /

+0.08 (+0.53%)

06/01/20 Stephens
Univest initiated with an Overweight at Stephens
11/26/19 Raymond James
Univest initiated with an Outperform and $29 price target at Raymond James
11/26/19 Raymond James
Univest initiated with an Outperform at Raymond James
WASH Washington Trust
$33.10 /

+0.56 (+1.72%)

04/28/20
Fly Intel: Top five analyst upgrades
04/28/20 Compass Point
Washington Trust upgraded to Buy on credit expectations at Compass Point
04/28/20 Compass Point
Washington Trust upgraded at Compass Point
12/09/19 Compass Point
Washington Trust downgraded to Neutral from Buy at Compass Point
WASH Washington Trust
$33.10 /

+0.56 (+1.72%)

UVSP Univest
$15.22 /

+0.08 (+0.53%)

TBK Triumph Bancorp
$25.69 /

-1.32 (-4.89%)

STXB Spirit of Texas Bancshares
$10.94 /

+0.38 (+3.60%)

SI Silvergate Capital
$14.13 /

-0.02 (-0.14%)

SBSI Southside Bancshares
$27.48 /

+0.2 (+0.73%)

PEBO Peoples Bancorp
$20.36 /

+0.18 (+0.89%)

PB Prosperity Bancshares
$55.66 /

+0.57 (+1.03%)

OPBK OP Bancorp
$6.32 /

+0.04 (+0.64%)

NFBK Northfield Bancorp
$9.84 /

+0.14 (+1.44%)

LKFN Lakeland Financial
$44.27 /

-1.55 (-3.38%)

HTLF Heartland Financial
$31.79 /

+1.19 (+3.89%)

FBIZ First Business Financial
$14.53 /

-0.46 (-3.07%)

CCB Coastal Financial
$13.32 /

-0.15 (-1.11%)

CBAN Colony Bankcorp
$10.79 /

+0.01 (+0.09%)

BY Byline Bancorp
$13.70 /

-0.12 (-0.87%)

ABTX Allegiance Bancshares
$23.44 /

-0.04 (-0.17%)

  • 07
    Nov
PB Prosperity Bancshares
$55.66 /

+0.57 (+1.03%)

TBK Triumph Bancorp
$25.69 /

-1.32 (-4.89%)

Conference/Events
Keefe Bruyette to hold a virtual conference » 09:23
07/28/20
07/28
09:23
07/28/20
09:23
ABTX

Allegiance Bancshares

$23.48 /

-0.51 (-2.13%)

, BY

Byline Bancorp

$13.82 /

+0.275 (+2.03%)

, CCB

Coastal Financial

$13.47 /

-0.08 (-0.59%)

, CBAN

Colony Bankcorp

$10.78 /

+0.53 (+5.17%)

, HTLF

Heartland Financial

$30.60 /

-0.66 (-2.11%)

, FBIZ

First Business Financial

$14.99 /

-0.02 (-0.13%)

, OPBK

OP Bancorp

$6.28 /

-0.21 (-3.24%)

, NFBK

Northfield Bancorp

$9.70 /

-0.34 (-3.39%)

, LKFN

Lakeland Financial

$45.82 /

-0.05 (-0.11%)

, SI

Silvergate Capital

$14.15 /

+0.16 (+1.14%)

, PB

Prosperity Bancshares

$55.09 /

-1.4 (-2.48%)

, PEBO

Peoples Bancorp

$20.18 /

-0.51 (-2.46%)

, SBSI

Southside Bancshares

$27.28 /

-0.94 (-3.33%)

, STXB

Spirit of Texas Bancshares

$10.56 /

-0.95 (-8.25%)

, TCFC

Community Financial

$22.00 /

-0.68 (-3.00%)

, TBK

Triumph Bancorp

$27.01 /

+0.63 (+2.39%)

, UVSP

Univest

$15.14 /

-0.49 (-3.13%)

, WASH

Washington Trust

$32.54 /

-1.08 (-3.21%)

Community Bank Investor…

Community Bank Investor Virtual Conference will be held on July 28-30. Webcast Link

ShowHide Related Items >><<
WASH Washington Trust
$32.54 /

-1.08 (-3.21%)

TCFC Community Financial
$22.00 /

-0.68 (-3.00%)

TBK Triumph Bancorp
$27.01 /

+0.63 (+2.39%)

STXB Spirit of Texas Bancshares
$10.56 /

-0.95 (-8.25%)

SI Silvergate Capital
$14.15 /

+0.16 (+1.14%)

SBSI Southside Bancshares
$27.28 /

-0.94 (-3.33%)

PB Prosperity Bancshares
$55.09 /

-1.4 (-2.48%)

OPBK OP Bancorp
$6.28 /

-0.21 (-3.24%)

NFBK Northfield Bancorp
$9.70 /

-0.34 (-3.39%)

LKFN Lakeland Financial
$45.82 /

-0.05 (-0.11%)

HTLF Heartland Financial
$30.60 /

-0.66 (-2.11%)

CBAN Colony Bankcorp
$10.78 /

+0.53 (+5.17%)

BY Byline Bancorp
$13.82 /

+0.275 (+2.03%)

ABTX Allegiance Bancshares
$23.48 /

-0.51 (-2.13%)

ABTX Allegiance Bancshares
$23.48 /

-0.51 (-2.13%)

10/28/19 Raymond James
Allegiance Bancshares downgraded to Market Perform from Outperform at Raymond James
BY Byline Bancorp
$13.82 /

+0.275 (+2.03%)

12/19/19 Stephens
Byline Bancorp upgraded to Overweight from Equal Weight at Stephens
CCB Coastal Financial
$13.47 /

-0.08 (-0.59%)

CBAN Colony Bankcorp
$10.78 /

+0.53 (+5.17%)

HTLF Heartland Financial
$30.60 /

-0.66 (-2.11%)

06/11/20 DA Davidson
Heartland Financial price target raised to $37 from $33 at DA Davidson
01/28/20 Piper Sandler
Heartland Financial upgraded to Overweight from Neutral at Piper Sandler
FBIZ First Business Financial
$14.99 /

-0.02 (-0.13%)

06/17/20 Raymond James
First Business Financial upgraded to Outperform from Market Perform at Raymond James
OPBK OP Bancorp
$6.28 /

-0.21 (-3.24%)

NFBK Northfield Bancorp
$9.70 /

-0.34 (-3.39%)

LKFN Lakeland Financial
$45.82 /

-0.05 (-0.11%)

SI Silvergate Capital
$14.15 /

+0.16 (+1.14%)

07/28/20 Canaccord
Silvergate Capital positioning keeps getting more attractive, says Canaccord
03/16/20 Canaccord
Silvergate Capital initiated with a Buy at Canaccord
12/02/19 Keefe Bruyette
Silvergate Capital initiated with a Market Perform at Keefe Bruyette
12/02/19
Fly Intel: Top five analyst initiations
PB Prosperity Bancshares
$55.09 /

-1.4 (-2.48%)

07/01/20 Piper Sandler
Prosperity Bancshares upgraded to Overweight from Neutral at Piper Sandler
06/09/20 Wedbush
Prosperity Bancshares downgraded to Neutral from Outperform at Wedbush
04/30/20 Truist
Prosperity Bancshares price target raised to $75 from $55 at SunTrust
04/30/20 BofA
Prosperity Bancshares upgraded to Neutral from Underperform at BofA
PEBO Peoples Bancorp
$20.18 /

-0.51 (-2.46%)

06/19/20 B. Riley Securities
B. Riley FBR starts Peoples Bancorp with Buy, $29 price target
06/18/20 B. Riley Securities
Peoples Bancorp initiated with a Buy at B. Riley FBR
01/10/20 DA Davidson
DA Davidson upgrades Peoples Bancorp to Buy, says loan growth underestimated
01/10/20 DA Davidson
Peoples Bancorp upgraded to Buy from Neutral at DA Davidson
SBSI Southside Bancshares
$27.28 /

-0.94 (-3.33%)

STXB Spirit of Texas Bancshares
$10.56 /

-0.95 (-8.25%)

05/12/20 Stephens
Spirit of Texas Bancshares downgraded to Equal Weight from Overweight at Stephens
12/24/19 DA Davidson
Simmons First National price target raised to $33 from $30 at DA Davidson
TCFC Community Financial
$22.00 /

-0.68 (-3.00%)

TBK Triumph Bancorp
$27.01 /

+0.63 (+2.39%)

07/10/20
Fly Intel: Top five analyst upgrades
07/10/20 DA Davidson
Triumph Bancorp upgraded to Buy from Neutral at DA Davidson
07/10/20 DA Davidson
Triumph Bancorp upgraded to Buy from Neutral at DA Davidson
06/02/20 Wells Fargo
Triumph Bancorp downgraded to Underweight at Wells Fargo on valuation
UVSP Univest
$15.14 /

-0.49 (-3.13%)

06/01/20 Stephens
Univest initiated with an Overweight at Stephens
11/26/19 Raymond James
Univest initiated with an Outperform and $29 price target at Raymond James
11/26/19 Raymond James
Univest initiated with an Outperform at Raymond James
WASH Washington Trust
$32.54 /

-1.08 (-3.21%)

04/28/20
Fly Intel: Top five analyst upgrades
04/28/20 Compass Point
Washington Trust upgraded to Buy on credit expectations at Compass Point
04/28/20 Compass Point
Washington Trust upgraded at Compass Point
12/09/19 Compass Point
Washington Trust downgraded to Neutral from Buy at Compass Point
WASH Washington Trust
$32.54 /

-1.08 (-3.21%)

UVSP Univest
$15.14 /

-0.49 (-3.13%)

TBK Triumph Bancorp
$27.01 /

+0.63 (+2.39%)

STXB Spirit of Texas Bancshares
$10.56 /

-0.95 (-8.25%)

SI Silvergate Capital
$14.15 /

+0.16 (+1.14%)

SBSI Southside Bancshares
$27.28 /

-0.94 (-3.33%)

PEBO Peoples Bancorp
$20.18 /

-0.51 (-2.46%)

PB Prosperity Bancshares
$55.09 /

-1.4 (-2.48%)

OPBK OP Bancorp
$6.28 /

-0.21 (-3.24%)

NFBK Northfield Bancorp
$9.70 /

-0.34 (-3.39%)

LKFN Lakeland Financial
$45.82 /

-0.05 (-0.11%)

HTLF Heartland Financial
$30.60 /

-0.66 (-2.11%)

FBIZ First Business Financial
$14.99 /

-0.02 (-0.13%)

CCB Coastal Financial
$13.47 /

-0.08 (-0.59%)

CBAN Colony Bankcorp
$10.78 /

+0.53 (+5.17%)

BY Byline Bancorp
$13.82 /

+0.275 (+2.03%)

ABTX Allegiance Bancshares
$23.48 /

-0.51 (-2.13%)

  • 07
    Nov
PB Prosperity Bancshares
$55.09 /

-1.4 (-2.48%)

TBK Triumph Bancorp
$27.01 /

+0.63 (+2.39%)

Earnings
Southside Bancshares reports Q2 EPS 65c, consensus 37c » 06:32
07/22/20
07/22
06:32
07/22/20
06:32
SBSI

Southside Bancshares

$27.55 /

+1.39 (+5.31%)

Tax equivalent net…

Tax equivalent net interest margin was 3.02% for the three months ended June 30, 2020 compared to 3.17% for the same period in 2019. The decrease was due to the shift in interest earning assets from higher yielding loans into securities and lower yielding average PPP loan balances included during the three months ended June 30, 2020. Tax equivalent net interest margin linked quarter decreased one basis point compared to 3.03% for the three months ended March 31, 2020.

ShowHide Related Items >><<
SBSI Southside Bancshares
$27.55 /

+1.39 (+5.31%)

SBSI Southside Bancshares
$27.55 /

+1.39 (+5.31%)

Earnings
Southside Bancshares reports Q1 EPS 12c, consensus 48c » 06:59
05/05/20
05/05
06:59
05/05/20
06:59
SBSI

Southside Bancshares

$29.86 /

-0.11 (-0.37%)

Reports Q1 provision for…

Reports Q1 provision for credit losses on loans of $24.1M, compared to a reversal of provision for loan losses of $900,000 last year and a provision for loan losses of $2.5M for the three months ended December 31, 2019. Reports Q1 net charge-offs $500,000 for the three months ended March 31 compared to net charge-offs of $1.9M for the three months ended March 31, 2019 and $2.8M of net charge-offs for the three months ended December 31, 2019. "Our financial results reflect the strength of our sound credit quality, liquidity, capital position and solid operating fundamentals," stated the company. "We are pleased to report net income of $4.0M, and EPS of 12c, after adopting ASU 2016-13 and recording a $25.2M provision for credit losses due largely to a worsening economic forecast related to COVID-19. On a linked quarter basis, nonperforming assets as a percent of total assets decreased to 0.24%, and the tax equivalent net interest margin improved five basis points. COVID-19 significantly impacted business operations throughout the U.S. in the Q1, banking included, and is expected to continue to impact our business, as well as our customers' businesses. I am proud of how our Southside team embraced the necessary and evolving changes and continued to provide outstanding customer service. Through the Paycheck Protection Program, implemented in April, the Southside team processed approximately 2,000 small business loans, totaling just over $300M as of April 30. Additionally, we are assisting our borrowers that may be experiencing financial hardship due to COVID-19 related challenges with payment deferrals, generally for up to three months. As of April 30, payment deferrals represented $176.7M of our outstanding loan balances with the largest categories including commercial real estate loans of $112.7M and 1-4 family residential loans of $47.2M."

ShowHide Related Items >><<

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.