- Stephens analyst Terry McEvoy downgrades banks, assuming a 25 bps reduction in the Fed funds rate in July, September and December 2019 and none in 2020.
- Business First Bancshares (BFST -0.4%) downgraded to equal weight from overweight and sets PT of $27.
- First Busey (BUSE -0.5%) downgraded to equal weight from overweight and sets PT of $29.
- Cadence Bancorp (CADE -0.4%) downgraded to equal weight from overweight and sets PT of $23.
- Hancock Whitney (HWC -1.1%) downgraded to equal weight from overweight and sets PT of $42.
- First Bancshares (FBMS -1%) downgraded to equal weight from overweight and sets PT of $34.
- Pinnacle Financial Partners (PNFP -0.8%) rating cut to equal weight from overweight and sets PT of $62.
- Triumph Bancorp (TBK -0.8%) rating cut to equal weight from overweight and sets PT of $30.
- TriCo Bancshares (TCBK -1.9%) rating cut to equal weight from overweight and sets PT of $30.