BofA Merrill Lynch upgrades National Bank of Greece (NBG +1.7%) to Neutral.
Raymond James boosts Valley National Bancorp (VLY +0.9%) to Market Perform and concurrently cashes in its Buy call on United Bancorp (FUBC +0.7%) after Valley National Bank agrees to acquire 1st United.
MLV cuts Dynex Capital (DX -0.4%) from Buy to Hold.
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FUBC vs. ETF Alternatives
1st United Bancorp through its subsidiaries offers traditional loan and deposit products, which it tailors to their specific needs to its customers, mainly professionals, individuals and small- and medium-sized businesses.