Sunday, September 16, 2012

KBW’s Additions to Bank Acquisition Target List

Keefe Bruyette & Woods did some tweaking to its bank merger-and-acquisition lists this week, an important one as investors await Thursday’s Federal Reserve stress test results for big banks.

An investment bank focused on financial services, KBW now lists 53 companies that are likely buyers of assets, and 22 potential sellers. Given the upside for the potential sellers, most of them relatively small operations, we’ve focused on those here.

KBW added four names to its seller list, all of which have a market cap of less than $200 million, except Texas Capital, which has a market cap of $1.3 billion. Here’s how they are doing today:

  • Alliance Financial (ALNC) up 1.24%, or 38 cents, to $31.04
  • First Defiance Financial (FDEF) up 1.42%, or 23 cents, to $16.47
  • OmniAmerican Bancorp (OABC) down 0.21%, or 4 cents to $18.89
  • Texas Capital Bancshares (TCBI)up 1.34%, or 46 cents, to $34.83

KBW removed two other smallcap banks from its potential seller list:

  • Cardinal Financial (CFNL) down 0.09%, or 1 cent, to $10.99
  • Macatawa Bank (MCBC) up 2.25%, or nearly 7 cents, to $3.08

No comments:

Post a Comment