by Portfolio Grader | July 3, 2013 7:59 am
21 Commercial Banking stocks are moving up in their overall rating this week, according to the Portfolio Grader[1] database. Every one of these is graded an “A” (“strong buy”) or “B” overall (“buy”).
This week, Pinnacle Financial Partners (NASDAQ:PNFP[2]) is showing significant improvement as the company’s rating hops from a C (“hold”) to a B (“buy”). Pinnacle Financial Partners is a holding company for Pinnacle National Bank. In Portfolio Grader’s specific subcategory of Earnings Revisions, PNFP also gets an A. The stock price has risen 5.6% over the past month, better than the 1.3% decrease the Nasdaq has seen over the same period of time. For more information, get Portfolio Grader’s complete analysis of PNFP stock[3].
This week, Taylor Capital Group (NASDAQ:TAYC[4]) is making solid headway. The company’s rating improves to an A (“strong buy”) from last week’s B (“buy”) rating. Taylor Capital Group is a bank holding company for Cole Taylor Bank. For more information, get Portfolio Grader’s complete analysis of TAYC stock[5].
BSB Bancorp Inc (NASDAQ:BLMT[6]) boosts its rating from a C to a B this week. BSB Bancorp operates as a bank holding company. For more information, get Portfolio Grader’s complete analysis of BLMT stock[7].
BNC Bancorp (NASDAQ:BNCN[8]) improves from a C to a B rating this week. BNC Bancorp offers products and services to individuals and small- to medium-sized local businesses. For more information, get Portfolio Grader’s complete analysis of BNCN stock[9].
Wells Fargo (NYSE:WFC[10]) gets a higher grade this week, advancing from a C last week to a B. Wells Fargo provides financial services in mainly wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance and commercial finance. For more information, get Portfolio Grader’s complete analysis of WFC stock[11].
This week, PacWest Bancorp’s (NASDAQ:PACW[12]) ratings are up from a C last week to a B. PacWest Bancorp is the holding company for Pacific Western Bank. For more information, get Portfolio Grader’s complete analysis of PACW stock[13].
U.S. Bancorp (NYSE:USB[14]) earns a B this week, jumping up from last week’s grade of C. U.S. Bancorp provides banking and financial services. For more information, get Portfolio Grader’s complete analysis of USB stock[15].
Huntington Bancshares (NASDAQ:HBAN[16]) is seeing ratings go up from a C last week to a B this week. Huntington Bancshares is a multi-state bank holding company. For more information, get Portfolio Grader’s complete analysis of HBAN stock[17].
The rating of Independent Bank Corp. (NASDAQ:INDB[18]) moves up this week, rising from a C to a B. Independent Bank is the holding company for Rockland Trust. For more information, get Portfolio Grader’s complete analysis of INDB stock[19].
First Financial Bankshares’ (NASDAQ:FFIN[20]) ratings are looking better this week, moving up to a B from last week’s C. First Financial Bankshares is a multi-bank holding company. For more information, get Portfolio Grader’s complete analysis of FFIN stock[21].
Pacific Continental Corp. (NASDAQ:PCBK[22]) gets a higher grade this week, advancing from a B last week to an A. Pacific Continental Bank is a bank holding company that provides commercial banking, financing, and mortgage lending in parts of Washington state and Oregon. For more information, get Portfolio Grader’s complete analysis of PCBK stock[23].
First Community Bancshares (NASDAQ:FCBC[24]) is seeing ratings go up from a C last week to a B this week. First Community Bancshares is the holding company for First Community Bank. For more information, get Portfolio Grader’s complete analysis of FCBC stock[25].
Bryn Mawr Bank (NASDAQ:BMTC[26]) earns a B this week, jumping up from last week’s grade of C. Bryn Mawr Bank offers a full range of personal and business banking services. For more information, get Portfolio Grader’s complete analysis of BMTC stock[27].
This week, Banco de Chile’s (NYSE:BCH[28]) ratings are up from a C last week to a B. NonactiveBanco de Chile provides a wide customer base of individuals and corporations with general banking services. At present, the stock has a dividend yield of 3.3%. For more information, get Portfolio Grader’s complete analysis of BCH stock[29].
BOK Financial’s (NASDAQ:BOKF[30]) ratings are looking better this week, moving up to a B from last week’s C. BOK Financial provides a range of financial services to commercial and industrial customers, other financial institutions, and consumers in the United States. For more information, get Portfolio Grader’s complete analysis of BOKF stock[31].
The rating of Glacier Bancorp (NASDAQ:GBCI[32]) moves up this week, rising from a C to a B. Glacier Bancorp is a regional multi-bank holding company providing commercial financial services to individuals and corporations. For more information, get Portfolio Grader’s complete analysis of GBCI stock[33].
Washington Trust Bancorp (NASDAQ:WASH[34]) boosts its rating from a C to a B this week. Washington Trust offers a range of financial services to individuals and businesses, including wealth management. For more information, get Portfolio Grader’s complete analysis of WASH stock[35].
This is a strong week for First Connecticut Bancorp Inc. (NASDAQ:FBNK[36]). The company’s rating climbs to B from the previous week’s C. First Connecticut Bancorp operates as the holding company for Farmington Bank that provides consumer and commercial banking services to businesses, individuals, and governments in central Connecticut. For more information, get Portfolio Grader’s complete analysis of FBNK stock[37].
SCBT Financial (NASDAQ:SCBT[38]) improves from a B to an A rating this week. South Carolina Bank and Trust is a bank holding company that provides retail and commercial banking, mortgage lending, consumer finance loans, and trust and investment services. For more information, get Portfolio Grader’s complete analysis of SCBT stock[39].
Canadian Imperial Bank of Commerce (NYSE:CM[40]) shows solid improvement this week. The company’s rating rises from a C to a B. Canadian Imperial Bank of Commerce is a global financial institution that serves clients through CIBC retail markets and wholesale banking. The stock’s dividend yield is 3.7%. For more information, get Portfolio Grader’s complete analysis of CM stock[41].
This week, Bank of Nova Scotia (NYSE:BNS[42]) pushes up from a C to a B rating. Bank of Nova Scotia offers various personal, commercial, corporate, and investment banking services in Canada and internationally. The stock has a dividend yield of 2.3%. For more information, get Portfolio Grader’s complete analysis of BNS stock[43].
Louis Navellier’s proprietary Portfolio Grader[44] stock ranking system assesses roughly 5,000 companies every week based on a number of fundamental and quantitative measures. Stocks are given a letter grade based on their results — with A being “strong buy,” and F being “strong sell.” Explore the tool here[45].
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