KBW

KBW is out with its report today on PHH (NYSE: PHH), maintaining Outperform. In a note to clients, KBW writes, "Given weak volumes and modest margin pressure, we expect continued weak mortgage banking revs in 2Q. The main driver of the QoQ improvement is an increase in interest rate lock...

KBW is out with its report today on Forest City Enterprises (NYSE: FCE.A), reiterating Outperform. In a note to clients, KBW writes, "Forest City announced yesterday the partial equity interest sales (via mezz debt for equity swaps) for 2 multifamily assets on behalf of NEBF - its partner in 8...

KBW upgraded its rating on Virtus Investment Partners (NASDAQ: VRTS) from Market Perform to Outperform. At the moment, KBW has a price target of $85 placed on the company's stock. On Thursday, VRTS ended the day at $60.70.

KBW is out with its report today on SEI Investments (NASDAQ: SEIC), maintaining Market Perform. In a note to clients, KBW writes, "We are transferring primary coverage to Robert Lee. We are maintaining our EPS estimates, price target, and Market Perform rating at this time. Although we remain...

KBW is out with its report today on Montpelier Re Holdings (NYSE: MRH), lowering its PT to $19. In a note to clients, KBW writes, "MRH announced losses from 2Q11 U.S. tornadoes and storms of $35 mm pre-tax ($0.57/sh) or 2.4% of 1Q11 equity. Management currently does not expect any losses from...

“Acquisition and disposition activity does appear to be picking up steam across the board,” KBW wrote in a report this morning regarding Boston Properties Inc. (NYSE: BXP). “REITs are selectively pruning portfolios of lower-quality assets while there are strong capital flows targeting commercial...

Northwest Bancshares, Inc. (NASDAQ: NWBI) will be added to the S&P Small-Cap 600 Index after the close on Fri. 7/1, “and we estimate the amount of shares of NWBI that will need to be purchased by S&P 600 index funds as a result of this addition,” KBW reports. Northwest Bancshares closed...

CME Group Inc. (NYSE: CME) moves from $337 to $315. Interactive Brokers Group, Inc. (NASDAQ: IBKR) moves from $18 to $17. IntercontinentalExchange, Inc. (NYSE: ICE) moves from $147 to $140. CME Group closed Monday at $281.01; Interactive Brokers Group closed at $15.41; and...

KBW is reiterating its Outperform rating and maintaining its $28 PT on shares of Tower Group (NASDAQ: TWGP). “Tower announced it experienced $8 million of catastrophe losses in 2Q related to spring severe storms, which exceeded our $1.5 million estimate,” KBW writes. “Management now expects to be...

KBW is upgrading NYSE Euronext, Inc. (NYSE: NYX) to Outperform. NYSE Euronext closed Monday at $32.65.

KBW is out with its report today on MF Global (NYSE: MF), maintaining Outperform. In a note to clients, KBW writes, "We caught up with MF's Brad Abelow, Chief Operating Officer, whose team remains zeroed in on transforming MF's earnings power and mix. Senior management sees substantial opportunity...

KBW is out with its report today on BancFirst (NASDAQ: BANF) and Southwest Bancorp (NASDAQ: OKSB), assuming coverage on BANF and OKSB at Market Perform. In a note to clients, KBW writes, "We are assuming coverage of two Oklahoma-based holding companies, BancFirst Corporation and Southwest Bancorp...

KBW is out with its report today on BOK Financial (NASDAQ: BOKF), assuming coverage of BOKF at Market Perform. In a note to clients, KBW writes, "We are assuming coverage of BOK Financial with a Market Perform rating and $55 12-month price target. We view the company as a solid operator with a...

KBW is out with its report today on BOK Financial (NASDAQ: BOKF), assuming coverage of BOKF at Market Perform. In a note to clients, KBW writes, "We are assuming coverage of BOK Financial with a Market Perform rating and $55 12-month price target. We view the company as a solid operator with a...

KBW is out with its report today on Susquehanna Bancshares (NASDAQ: SUSQ), upgrading SUSQ from Market Perform to Outperform. In a note to clients, KBW writes, "We are upgrading the shares of SUSQ to Outperform (from MP) due to valuation and our increased confidence in the balance sheet ahead of...