KBW

KBW is out with its report today on Flushing Financial (NASDAQ: FFIC), maintaining Outperform. In a note to clients, KBW writes, "Operating EPS of $0.30 met consensus but fell a penny shy of our forecast due to lower spread income partly offset by better cost control. We expect the market to be...

KBW is out with its report today on Guaranty Bancorp (NASDAQ: GBNK), maintaining Market Perform. In a note to clients, KBW writes, "Assuming coverage of GBNK with a Market Perform rating as the risks to potential improvement in the form of ongoing credit costs and a shrinking balance sheet persist...

KBW is out with its report today on CenterState Banks (NASDAQ: CSFL), reiterating Outperform. In a note to clients, KBW writes, "CenterState missed 2Q consensus and KBW on higher NCOs, although NPAs declined for the first time in two years. PTPP rebounded from the last 2 qtrs' lows on higher...

KBW is out with its report today on Bank of Marin (NASDAQ: BMRC), maintaining Outperform. In a note to clients, KBW writes, "BMRC reported 2Q11 EPS of $0.64, a dime below consensus and our estimate of $0.74. The miss was entirely in the provision expense (-25 cents) as NII was higher (+15 cents)...

KBW is out with its report today on Union First Market Bankshares (NASDAQ: UBSH), reiterating Outperform. In a note to clients, KBW writes, "UBSH beat our estimate and the street primarily on better credit as the provision came in $0.16 lower than our estimate. PTPP ROA fell modestly on lower...

KBW is out with its report today on W.R. Berkley (NYSE: WRB), raising its PT to $33. In a note to clients, KBW writes, "Berkley's 2Q earnings beat was driven by better than expected underwriting and alternative investment results. Premium production and investment income were also slightly...

KBW is out with its report today on CVB Financial (NASDAQ: CVBF), raising its PT from $11 to $12. In a note to clients, KBW writes, "Solid credit quality improvement drove record earnings and a quarterly beat from CVBF in 2Q11; we are raising EPS estimates and increasing our price target by $1. We...

KBW reiterated its Market Perform rating on New York Community Bank (NYSE: NYB). At the same time, the rating agency reduced its price target to $15. On Friday, NYB closed the day at $14.43. Its shares added 0.35% to their value in today's pre-market trading to stand around $14.48.

KBW is out with its report today on Huntington Bancshares (NASDAQ: HBAN), maintaining Market Perform. In a note to clients, KBW writes, "HBAN reported a 2Q11 operating EPS of $0.16 per share, comparing favorably to both our and consensus estimate. Relative to our estimate, the beat was driven by...

KBW is out with its report today on Hudson City Bancorp (NASDAQ: HCBK), maintaining Market Perform. In a note to clients, KBW writes, "Hudson City posted operating EPS of $0.19 as a result of a stronger than expected margin due to the restructuring completed in March. The company has made the...

KBW is out with its report today on Umpqua Holdings (NASDAQ: UMPQ), maintaining Market Perform. In a note to clients, KBW writes, "We are placing operating EPS at $0.13 which excludes securities gains partly offset by a nominal amount of charges. Results reflected core margin expansion (+17 bps to...

KBW is out with its report today on Astoria Financial (NYSE: AF), lowering its PT to $11. In a note to clients, KBW writes, "Operating EPS of $0.18 disappointed on the margin, fees, expenses & provision. The margin fell 6 bps to 2.34% as lower earning asset yields were met with an uptick in...

KBW is out with its report today on Chubb (NYSE: CB), raising its PT to $75. In a note to clients, KBW writes, "We are raising EPS estimates and price target. We expect strength in the shares and continue to recommend purchase with an Outperform." At the time of posting, shares of CB were trading...

KBW is out with its report today on Associated Banc-Corp (NASDAQ: ASBC), reiterating Underperform. In a note to clients, KBW writes, "Associated reported 2Q11 operating EPS of $0.20 per share, which was above our estimate. Results included $0.11/share of reserve release versus our expectation for...

KBW is out with its report today on Alliance Data Systems (NYSE: ADS), raising its PT from $96 to $106. In a note to clients, KBW writes, "Following Alliance Data's 2Q11 earnings announcement, we are maintaining our 2011 Core EPS estimate of $7.35 and raising our 2012 Core EPS estimate to $8.12 (...