MBFI Increases Dividend
On August 29th MBFI-MB Financial announced a $0.02 increase in their quarterly dividend to $0.12 per share. The dividend results in a 1.74% yield and equates to a near 25% payout ratio based on [...]
Price-to-Tangible Book Update: Valuation Buckets Today vs. Thanksgiving 2012 Lows
As 3Q-2013 approaches two-thirds completion today, we remind investors on the relative difference in Banks’ Price-to-Tangible Book Valuations today versus the low-point reached way back in [...]
2015 EPS Estimates: Brett Villaume Coverage Universe
2015 EPS Estimates-Villaume Coverage Universe My 2015 EPS estimates are listed in the attached report. Overall, margin expansion should be a condition for improved net interest income at all of [...]
2015 EPS Estimates: Tim Coffey Coverage Universe
2015 EPS Estimates-Coffey Coverage Universe The 2015 EPS estimates for banks in my coverage universe reflect a normalization of earnings growth after several years of uneven recoveries. While I [...]
PB Announces Plans To Acquire F&M Bancorporation In Oklahoma; Increasing EPS Estimates by 3-4%; No Change To “M-P” Rating
PB Update 8-30-13 On August 29th, PB-Prosperity Bancshares announced plans to acquire Tulsa-based F&M Bancorporation. This is PB’s 2nd deal in Oklahoma and will make the combined [...]
BXS: Company Increases Common Dividend To $0.05/share; No Change To “Market-Perform” Rating.
Last night, BXS- BancorpSouth, Inc. increased their common dividend to $0.05 from $0.01/share. The new dividend rate will be payable on October 1st. This news was mostly expected as the [...]
Best MSAs for Job Growth Over the Past Year – New Analysis
On Wednesday, The U.S. Bureau of Labor Statistics released the July 2013 MSA (metropolitan statistical area) employment report which tracks trends for 368 MSAs nationwide. We prefer to focus on [...]
HAFC Announces Resignation of Chief Credit Officer
HAFC-Hanmi Financial Corp announced Wednesday that its chief credit officer resigned earlier in the week. The company said Jung Hak Son left to pursue another professional opportunity. HAFC has [...]
SFST in SC: Modest Premiums On Core Deposits & Tangible Book Value For This Growing Community Bank In SC. Stock Has 25% Upside.
SFST Initiation August 2013 We are establishing formal EPS estimates for SFST- Southern First Bancshares in 2014 ($1.00), 2015 ($1.25), and the two remaining quarters of 2013 ($0.25 & [...]
SIVB: Dropping Coverage, Final Rating “Market-Perform”
SIVB Dropping Coverage 8-28-13 We are dropping coverage of SIVB-SVB Financial Group due to a reallocation of company resources. Our final recommendation is “Market-Perform” and our [...]
