Keefe

Keefe, Bruyette & Woods increases its price target from $11 to $12 on Market Perform-rated Access National Corporation (NASDAQ: ANCX) as both bank and mortgage companies beat earnings. Keefe, Bruyette & Woods notes, "ANCX reported a mortgage- and NIM-driven beat. Mortgage originations...

Keefe, Bruyette & Woods increases its price target from $11 to $12.50 on Market Perform-rated BancorpSouth (NYSE: BXS) as asset quality trends improve. Keefe, Bruyette & Woods comments, "BXS beat consensus & KBWe largely by a steep plunge in provisions. Asset quality trends remain...

Keefe, Bruyette & Woods increases its price target from $6 to $7 on Market Perform-rated Regions Financial Corporation (NYSE: RF) as low credit provisions drove quarterly EPS beat. Keefe, Bruyette & Woods says, "A low 0.60% provision surprised by $0.08 and drove the beat. Strong mortgage...

Keefe, Bruyette & Woods provided color on PNC Financial Services (NYSE: PNC) in a research report published today. Keefe, Bruyette & Woods has a Market Perform rating and $69 price target on the company. In the report, Keefe, Bruyette & Woods stated, "After the close, PNC announced a...

Keefe, Bruyette & Woods reiterated its Mid-America Apartment Communities (NYSE: MAA) Outperform rating in a research report published today. Keefe, Bruyette & Woods has a $69 price target on the company. In the report, Keefe, Bruyette & Woods states, "MAA stacks up favorably versus...

Keefe, Bruyette & Woods provided color on Host Hotels & Resorts's (NYSE: HST) termination of agreement to purchase the Grand Hyatt D.C. in a research note published today. Keefe, Bruyette & Woods has a Market Perform rating and $13 price target on Host Hotels & Resorts. In the...

Keefe Bruyette & Woods has published a research report on Franklin Resources (NYSE: BEN) raising the price target. In the report, Keefe Bruyette & Woods wrote, "BEN reported fiscal 3Q11 ROCK of [$2.26, $2.26, $2.16, $2.12]. The company reported an operating beat on higher revenues and...

Keefe, Bruyette & Woods has issued a report regarding the Q2 results from SLM Corp (NYSE: SLM). According to the report, "The difference between reported and operating earnings reflects income from the company's discontinued debt purchasing business, which we have excluded from operating...

In a recent report from Keefe, Bruyette & Woods, Apartment Investment & Management (NYSE: AIV) is refinancing, extending and fixing parts of their debt now that the Apartment fundamentals industry are now in recovery. Keefe, Bruyette & Woods maintains a $31.00 price target on AIV. In...

Keefe, Bruyette & Woods commented on Pacific Continental (NASDAQ: PCBK) in a report released earlier today. In the report, Keefe was positive in its outlook on the company. Keefe writes, "PCBK is a solid lender with a proven track record for establishing relationship-based loans and deposits....

Keefe, Bruyette & Woods commented on MF Global in a report released earlier today. In the report, Keefe was positive in its outlook of the company. Keefe writes, "MF's fiscal 4Q11 was in-line as higher expenses offset a jump in trading revenue and a more favorable tax rate. The QoQ doubling of...

Keefe, Bruyette & Woods commented on Public Storage (NYSE: PSA) in a report released earlier today. In the report, Keefe was mildly positive in its assessment. Keefe writes, "We are increasing our price target and earnings outlook for PSA, reflecting continued improvement in operating trends,...

According to Keefe, Bruyette & Woods, M&T Bank (NYSE: MTB) announced that the company successfully completed its $500mn non-cumulative perpetual preferred issuance with a 6.875% coupon that came in better than expected. Keefe, Bruyette & Woods said that the company has now completed...

According to Keefe, Bruyette & Woods, THL Credit (NASDAQ: TCRD) estimates are to be lowered. Keefe, Bruyette & Woods said that following TCRD's 1Q11 earnings, it is lowering its 2011 and 2012 NOI/share estimates to $1.02 (from $1.08) and $1.46 (from $1.49), respectively, mainly to reflect...