3. Rockville Financial
Shares of Rockville Financial (RCKB) of Vernon Rockville, Conn., closed at $10.43 Thursday, returning 30% during the first quarter.
The company completed its conversion from a mutual holding company to full stock ownership on March 3, raising $171.1 million in common equity in the process.
KBW analyst Damon DelMonte initiated his firm's coverage of Rockville Financial on March 24, with a neutral rating and price target of $12, saying that while the company's "valuation looks attractive, we think near-term catalysts are lacking to propel the shares forward at this time."DelMonte expects Rockville Financial to report earnings of 9 cents a share for the first quarter. The analyst estimates full-year earnings of 44 cents a share for 2011 and 48 cents a share in 2012.