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IBTX - Independent Bank Inc News Story

$74.52 -0.6  -0.8%

Last Trade - 22/04/21

Mid Cap
Market Cap £2.33bn
Enterprise Value £2.41bn
Revenue £434.7m
Position in Universe 1800th / 6857

BUZZ-Comerica, Prosperity among regional banks to own if coronavirus impacts U.S. - SunTrust

Mon 3rd February, 2020 3:46pm
** SunTrust says should China coronavirus issues begin to
directly impact U.S. economy, it would be more biased towards
owning banks with most historically conservative and resilient
credit cultures measured by loan loss and NPA (non-performing
assets) levels over past 20 yrs
    ** According to brokerage's analysis, banks most credit
conservative include: "buy"-rated Prosperity Bancshares  PB.N ,
Merchants Bancorp  MBIN.O  and Glacier Bancorp  GBCI.O , and
"hold"-rated First Financial Bankshares  FFIN.O 
    ** SunTrust also says drop in long-term interest rates
should benefit banks with larger mortgage operations
    ** Most exposed to residential mortgage lending revenue
include: "buy"-rated" Hilltop Holdings  HTH.N , FB Financial
 FBK.N , Ameris Bancorp  ABCB.O  and Umpqua Holdings  UMPQ.O ,
and "hold"-rated Wintrust Financial  WTFC.O 
    ** Highlights largest mortgage warehouse lenders under
coverage: "buy"-rated First Horizon National 
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