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The FDIC Quarterly Banking Profile for the fourth quarter of 2016 shows increasing exposures to construction and development loans, which are potential problems for these 14 community banks.
The most recent short interest data has been released for the 12/30/2016 settlement date, which shows a 601,308 share increase in total short interest for Texas Capital Bancshares Inc , to 3,329,847, an increase of 22.04% since 12/15/2016. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded.
The FDIC has released positive data for community banks, but these 14 banks have rallied too far too fast.
Here are Wednesday's top research calls, including upgrades for Goldman Sachs, Celanese and SBA Communications.
Here are Friday's top research calls, including upgrades for Nvidia and Perrigo, a downgrade for Archer-Daniels and mixed reactions to Disney's most recent earnings results.
Company Anticipates Net Income to Increase by $12M-$14M ($0.72 to $0.84 per share) Annually as it Acquires 100 Percent of 36-Year-Old Entertainment Retailer, Vintage Stock, Inc.
TheStreet Quant Ratings provides fair and objective information to help you make educated investing decisions. We rate over 4,300 stocks daily and provide 5-page PDF reports for each stock. These ratings can change daily and today's changes are reflected in the email below. If you are looking to check-up on the stocks you currently own or are looking for new ideas, you can find our full database of password-protected ratings reports in our proprietary ratings screener: http://www.thestreet.com/k/qr/flat/stock-screener.html Upgrades: HNP, QTS, SRLP, TCBI, UA, ZIXI Downgrades: BGSF, BXP, CAT, CIT, NUVA, PCAR, PNR, VLO Initiations: JAX Read on to get TheStreet Quant Ratings' detailed report:
In recent trading, shares of Texas Capital Bancshares Inc have crossed above the average analyst 12-month target price of $52.83, changing hands for $52.94/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.