Markets
Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Argo Group International Holdings (ARGO – Research Report), Texas Capital Bancshares (TCBI – Research Report) and SEI Investments Company (SEIC – Research Report).
Argo Group International Holdings (ARGO)
Raymond James analyst Charles Peters reiterated a Buy rating on Argo Group International Holdings today and set a price target of $60.00. The company’s shares closed last Wednesday at $54.60, close to its 52-week high of $55.24.
According to TipRanks.com, Peters is a 5-star analyst with an average return of 11.4% and a 70.3% success rate. Peters covers the Financial sector, focusing on stocks such as American Equity Investment Life, Hallmark Financial Services, and Old Republic International.
Texas Capital Bank sells servicing rights to about $14 billion in mortgages Paul O Donnell, The Dallas Morning News
Texas Capital Bancshares Inc. is selling servicing rights to $14 billion in mortgages at “a modest premium” as it works to strengthen its balance sheet and refocus on its core businesses.
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The sale is expected to be completed in the second quarter.
“While the business was profitable and well run, it is not core to our strategy at this time,” CEO Rob Holmes told investors during a conference call to discuss the company’s quarterly results.
Holmes joined Texas Capital in January after a 31-year career at JPMorgan Chase. His arrival came after a $5.5 billion merger with McKinney-based Independent Bank fell apart last year, leading to the departure of longtime CEO Keith Cargill.
Texas Capital Bank sells servicing rights to about $14 billion in mortgages dallasnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dallasnews.com Daily Mail and Mail on Sunday newspapers.
Analysts’ Top Financial Picks: F.N.B. (FNB), Wintrust Financial (WTFC) There’s a lot to be optimistic about in the Financial sector as 3 analysts just weighed in on F.N.B. (FNB – Research Report), Wintrust Financial (WTFC – Research Report) and Pinnacle Financial Partners (PNFP – Research Report) with bullish sentiments.
F.N.B. (FNB)
Raymond James analyst William Wallace maintained a Buy rating on F.N.B. yesterday. The company’s shares closed last Monday at $12.87, close to its 52-week high of $13.83.
According to TipRanks.com, Wallace is a 5-star analyst with an average return of 29.5% and a 75.9% success rate. Wallace covers the Financial sector, focusing on stocks such as American National Bankshares, Meridian Interstate Bancorp, and Atlantic Capital Bancshares.