Analysts fell to the sidelines weighing in on Preferred Bank (PFBC) and BancorpSouth (BXS) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
Preferred Bank (PFBC)
In a report released today, Tyler Stafford from Stephens maintained a Hold rating on Preferred Bank, with a price target of $52. The company’s shares closed yesterday at $49.55.
Stafford wrote:
“We reiterate our EW rating. KEY POINTS: Positives. Loan growth of 21.3% LQA was well ahead of expectations (vs. our 8.0% and Street’s 8.6%). Expense management was strong at $13.9 mil., beating our $14.9 mil. and Street’s $14.5 mil., and improving efficiency to 31.6%. Fee income was a modest beat at $2.0 mil. vs. our $1.9 mil. and Street’s $1.7 mil. PFBC saw net recoveries (-0.04%) and provisioning was lower than Street.”
According to TipRanks.com, Stafford is a 4-star analyst with an average return of 3.9% and a 49.3% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Amerant Bancorp Inc. Class A.
Preferred Bank has an analyst consensus of Moderate Buy, with a price target consensus of $55.25.
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BancorpSouth (BXS)
In a report released today, Matt Olney from Stephens maintained a Hold rating on BancorpSouth, with a price target of $31. The company’s shares closed yesterday at $28.16.
Olney observed:
“We’re pleased to see 5 bps of core NIM expansion along with steady organic loan growth. The 2Q19 results included the impact of Trust that closed April 1. On today’s conference call (10:00 AM CT) we will be listening for additional details on the core NIM outlook, growth, and fee income. We maintain our Equal-Weight rating.”
According to TipRanks.com, Olney is a 1-star analyst with an average return of -0.6% and a 42.4% success rate. Olney covers the Financial sector, focusing on stocks such as Spirit Of Texas Bancshares Inc, Business First Bancshares Inc, and Hancock Whitney Corporation.
BancorpSouth has an analyst consensus of Hold, with a price target consensus of $31.
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