FIG Partners

In a report published Monday, FIG Partners initiated coverage on Core Laboratories (NYSE: CLB) with a $145.00 price target. FIG Partners noted, “We are initiating coverage of Core Laboratories with a $145 target. We believe that the company has an impeccable record in its three operating segments...

In a report published Wednesday, FIG Partners downgraded its rating on First Horizon National Corporation (NYSE: FHN) to Market Perform, but raised its price target to $10.25. FIG Partners noted, “We are lowering our recommendation on FHN to ‘Market-Perform' based on recent price rally and our...

In a report published Wednesday, FIG Partners downgraded its rating on Provident Financial Holdings (NASDAQ: PROV) from Outperform to Market-Perform and reiterated its $14.00 price target. FIG Partners noted, “Our rating change is based on valuation as our forward earnings estimates are unchanged...

FIG Partners lowered its rating on First Midwest Bancorp (NASDAQ: FMBI) from Outperform to Market Perform with a reiterated $12 price target. FIG Partners commented, "We are lowering our investment rating on First Midwest to ‘MarketPerform' from ‘Outperform' based solely on stock price...

FIG Partners reiterated its rating on Western Alliance Bancorporation (NYSE: WAL) and raised its price target from $10.50 to $11. FIG Partners commented, "Following the company's announced acquisition, we are maintaining our rating on WAL-Western Alliance Bancorp at “Outperform” and increasing...

FIG Partners reduced its rating on First Financial Holdings (NASDAQ: FFCH) from Outperform to Market Perform with a reiterated price target of $14. FIG Partners said, "FFCH's share price has been the #2 stock over the past month among the Top 200 Banks & Thrifts (i.e., +14.5% since July 18th...

In a report published Wednesday, FIG Partners reiterated its Outperform rating and $11.50 price target on National Penn Bancshares (NASDAQ: NPBC). FIG Partners noted, “NPBC disclosed via an 8-K filing on August 14th that it has completed a $400 million debt restructuring with the Federal Home Loan...

FIG Partners initiates its coverage on First Business Financial Services (NASDAQ: FBIZ) with an Outperform rating and a price target of $29. FIG Partners says, "Presumably much of the current discount valuation reflects (1) the sub 6% level of tangible common equity and concern of a near term...

FIG Partners initiates its coverage on Pacific Premier Bancorp (NASDAQ: PPBI) with a rating of Outperform and a price target of $11.50 FIG Partners notes, "Our EPS estimates for Pacific Premier are $0.62 for 2Q-2012, $1.32 for 2012 and $1.00 for 2013. Our Core EPS estimates for 2012, excluding...

Listed below are today's Top Upgrades at Benzinga since market open: FBN Securities Upgrades Aruba Networks (NASDAQ: ARUN) to Outperform: FBN Securities comments, "We are upgrading shares of ARUN from Sector Perform to Outperform and lower our PT from $24 to $18. As we publish this note, shares...

In a report published earlier today, FIG Partners LLC upgraded its rating for First Midwest Bancorp, Inc. (NASDAQ: FMBI) to Outperform and reiterated its price target of $12.00. FIG Partners went on to say “Given FMBI's comments on the 1Q12 conference call regarding NCOs/credit we are not really...

FIG Partners has published a research report on Eagle Bancorp (NASDAQ: EGBN) and has upgraded the stock from Market Perform to Outperform based on better EPS and ROTCE growth. In the report, FIG Partners writes, "[W]e anticipate EGBN share remaining a leader among small-capitalization banks...

FIG Partners initiates its coverage on Lakeland Financial Corporation (NASDAQ: LKFN) with a rating of Outperform and a $30 price target to reflect internal growth in Northern Indiana. FIG Partners notes, "Our earnings estimates for 2012 and 2013 are $2.00 and $2.25 per share, respectively. This...

According to a research report published earlier today, FIG Partners has increased 1st Century Bancshares Inc.'s (NASDAQ: FCTY) PT to $5.50. “FCTY officially released 4Q and year-end 2011 results this week along with its 10-K SEC filing. EPS were $0.05, a penny better than we expected. The...

In a recent research report published by FIG Partners, Horizon Bancorp (NASDAQ: HBNC) announced an agreement to acquire Franklin, Indiana for $14M, along with paying off its $7.2M in TARP. In the report, FIG Partners explained, “Shares issued are ~780k under an exchange ratio of 0.54 shares of...