This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Regional Banks May Soon Be Buyers

Smaller banks are also likely to be acquirers this year.

Nashville, Tenn.-based Pinnacle Financial (PNFP) could be a buyer, Reynolds says.

People's United Financial (PBCT) of Bridgeport, Conn. could also be in the market for an acquisition.

"The list of the bigger guys doing deals is smaller and shorter," says Anton Schutz, president of Mendon Capital Advisors and the fund manager to Burnham Financial Services. His firm owns shares of People's. "You go into small cap and micro-cap land -- there are guys with big capital ratios, so you could certainly see lots of deals."

Still, some big banks like JPMorgan Chase or Wells Fargo, two of the better names in the banking sector throughout the financial crisis, could strike again.

"From a scale perspective, what else is out there that is so colossal to be hard for them? They don't have to consolidate it for a while," Schutz says. "I think CEO Jamie Dimon would do it if it was incredibly attractive."

5 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
BAC $15.56 0.00%
BBT $38.52 0.00%
JPM $62.84 0.00%
PNC $90.93 0.00%
RF $9.59 0.00%


DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs