trending Market Intelligence /marketintelligence/en/news-insights/trending/tjezflc-_iyvnxljjd5ura2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Raymond James upgrades Independent Bank Group to 'strong buy'

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

Raymond James upgrades Independent Bank Group to 'strong buy'


* Raymond James analyst Michael Rose upgraded Independent Bank Group Inc. to "strong buy" from "outperform." Rose wrote that the approximately 15% drop in stock following the announcement of Independent's deal with Denver-based Guaranty Bancorp has been "too steep." The McKinney, Texas-based company also closed a deal for Houston-based Integrity Bank SSB on June 1. Between the announcement of the new deal and the integration of the closed deal, there may be "some noise" in the third quarter, but the analyst's "conversations with management support its nearer-term guidance/outlook."

* Sandler O'Neill analyst Mark Fitzgibbon upgraded Westerly, R.I.-based Washington Trust Bancorp Inc. to "buy" from "hold," with a 12-month price target of $63 and an EPS estimate of $3.94 for 2018 and $4.25 for 2019. Fitzgibbon said the bank was well-positioned for higher rates, with approximately $1.6 billion of its loans based on the London interbank offered rate or prime rates. He also noted management of deposits, including expansion into municipal deposit-gathering in 13 municipalities in Rhode Island. Fitzgibbon also mentioned the company's "tight control over credit," expansion into new states and focus on organic growth as positives. The company also fills a niche for midsize banks in New England, according to the report.

* Raymond James analyst Donald Worthington upgraded Los Angeles-based Preferred Bank to "strong buy" from "outperform," citing valuation. He noted the approximately 17% drop in stock price since July 5. Worthington wrote that the bank "has generated above-average profitability metrics." He pointed out strong organic growth in both loans and deposits and wrote that the company's asset-sensitive balance sheet leaves it "well-positioned for rising interest rates." He wrote that the bank is "well-positioned for future growth given its healthy capital ratios."