Keefe

According to Keefe, Bruyette & Woods, Heartland Financial USA (NASDAQ: HTLF) 1Q results fell short of expectations as credit costs were elevated and fee income was under pressure q/q. Keefe, Bruyette & Woods said that the margin, however, remained a bright spot and expenses were well...

According to Keefe, Bruyette & Woods, Felcor Lodging Trust (NYSE: FCH) is seeing improving results. Keefe, Bruyette & Woods said that, “Following FCH's 1Q11 earnings and conference call, it is increasing 2011E FFO to $0.29 from $0.23, reflecting lower interest expense ($0.04) and modest...

According to Keefe, Bruyette & Woods, West Coast Bancorp (NASDAQ: WCBO) saw a solid beat with broad based improvement. Keefe, Bruyette & Woods said that operating EPS beat consensus and fell in-line with expectations as preprovision profitability strengthened on margin expansion, smaller...

According to Keefe, Bruyette & Woods, Washington Trust Bancorp (NASDAQ: WASH) saw positive quarterly results. Keefe, Bruyette & Woods said that earnings of $0.42/sh by WASH were better than expected as the bank's bottom linked benefited from stronger spread income and expense control. “...

According to Keefe, Bruyette & Woods, Western Alliance Bancorp (NYSE: WAL) is moving in the right direction. Keefe, Bruyette & Woods said that for the first time since 2Q08, WAL reported an operating profit, including the TARP divy. “NIM and PTPP ROA expand and NPAs declined. With 1Q11...

According to Keefe, Bruyette & Woods, Umpqua Holdings (NASDAQ: UMPQ) estimates are raised. Keefe, Bruyette & Woods said that it is raising estimates after UMPQ's operating EPS of $0.12 beat the forecast due to a stronger core margin. “Preprovision profitability improved despite a modest...

According to Keefe, Bruyette & Woods, Home Bancshares (NASDAQ: HOMB) put up record operating EPS. Keefe, Bruyette & Woods said that credit looks good as NCOs and NPAs declined sequential qtr. “A record margin helped drive good growth in PTPP earnings and record operating ROA and cash ROTCE...

According to Keefe, Bruyette & Woods, CVB Financial (NASDAQ: CVBF) coverage is resumed at Outperform. Keefe, Bruyette & Woods said that following 1Q11, it is establishing EPS estimates for CVB Financial of $0.60 for 2011, $0.70 for 2012, and $0.90 for 2013. “We are setting a price target...

According to Keefe, Bruyette & Woods, Simmons First National (NASDAQ: SFNC) saw revenue headwinds due to muted loan demand and weak fee income. Keefe, Bruyette & Woods said that it should see a pickup in loan growth over the next couple of quarters due to the seasonal Ag portfolio. “...

According to Keefe, Bruyette & Woods, Alliance Data Systems (NYSE: ADS) estimates are raised. Keefe, Bruyette & Woods said that following Alliance Data's 1Q11 earnings announcement, it is raising its 2011 and 2012 Core EPS estimates to $7.16 (from $6.74) and $7.90 (from $7.59),...

According to Keefe, Bruyette & Woods, Cathay General Bancorp (NASDAQ: CATY) results beat expectations on lower credit costs, which are moderating for the bank, removing volatility in results. Keefe, Bruyette & Woods said that Cathay is on track to reach their target NIM of 3.6% by year-end...

According to Keefe, Bruyette & Woods, Associated Banc-Corp (NASDAQ: ASBC) reported EPS of $0.09 per share which included $0.08 per share in reserve release. Keefe, Bruyette & Woods said that results were relatively in-line, as lower than expected credit costs offset modestly lower than...

According to Keefe, Bruyette & Woods, KeyCorp (NYSE: KEY) reported better-than-expected operating results of $0.27/share. Keefe, Bruyette & Woods reported that expenses came in better than expected; however, the majority of the beat was due to an outsized reserve release. “Revenues missed...

According to Keefe, Bruyette & Woods, TD Ameritrade Holding (NASDAQ: AMTD) asset based revenues should overcome slower trading activity. Keefe, Bruyette & Woods reported that net revenues were $718 million slightly below its forecast & operating expenses offset coming in below its exp...

Keefe, Bruyette & Woods has issued a report raising the Price Target on Prosperity Bancshares (NASDAQ: PRSP) to $44 a share.