Latest news with #BrianForan
Globe and Mail
26-07-2025
- Business
- Globe and Mail
Truist Financial Keeps Their Hold Rating on First Financial Bancorp (FFBC)
Truist Financial analyst Brian Foran maintained a Hold rating on First Financial Bancorp today. The company's shares closed yesterday at $23.84. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Foran covers the Financial sector, focusing on stocks such as Comerica, Huntington Bancshares, and Ally Financial. According to TipRanks, Foran has an average return of 8.6% and a 76.32% success rate on recommended stocks. Currently, the analyst consensus on First Financial Bancorp is a Hold with an average price target of $29.50, which is a 23.74% upside from current levels. In a report released today, KBW also maintained a Hold rating on the stock with a $32.00 price target. FFBC market cap is currently $2.28B and has a P/E ratio of 10.12. Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FFBC in relation to earlier this year. Most recently, in May 2025, Dawn Morris, a Director at FFBC sold 787.00 shares for a total of $19,006.05.
Business Insider
18-06-2025
- Business
- Business Insider
Huntington Bancshares (HBAN) Gets a Buy from Truist Financial
Truist Financial analyst Brian Foran maintained a Buy rating on Huntington Bancshares (HBAN – Research Report) yesterday and set a price target of $19.00. The company's shares closed yesterday at $15.48. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Foran is a 3-star analyst with an average return of 3.4% and a 51.72% success rate. Foran covers the Financial sector, focusing on stocks such as Synchrony Financial, Capital One Financial, and Regions Financial. Currently, the analyst consensus on Huntington Bancshares is a Moderate Buy with an average price target of $17.65, a 14.02% upside from current levels. In a report released on June 11, RBC Capital also maintained a Buy rating on the stock with a $18.00 price target. HBAN market cap is currently $22.87B and has a P/E ratio of 12.10. Based on the recent corporate insider activity of 248 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HBAN in relation to earlier this year. Last month, Helga Houston, the Senior Exec. V. P of HBAN sold 42,344.00 shares for a total of $623,303.68.
Business Insider
18-06-2025
- Business
- Business Insider
Comerica (CMA) Receives a Hold from Truist Financial
In a report released yesterday, Brian Foran from Truist Financial maintained a Hold rating on Comerica (CMA – Research Report), with a price target of $61.00. The company's shares closed yesterday at $55.00. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Foran covers the Financial sector, focusing on stocks such as Synchrony Financial, Capital One Financial, and Regions Financial. According to TipRanks, Foran has an average return of 3.4% and a 51.72% success rate on recommended stocks. In addition to Truist Financial, Comerica also received a Hold from Piper Sandler's Scott Siefers in a report issued on June 11. However, on June 12, Morgan Stanley maintained a Sell rating on Comerica (NYSE: CMA). CMA market cap is currently $7.29B and has a P/E ratio of 10.51.
CNBC
13-05-2025
- Business
- CNBC
Midcap stocks are seeing a resurgence. These names have solid dividend histories
Midcap stocks are suddenly outperforming – and investors interested in their growth prospects might find a few good dividend payers too. The SPDR S & P Midcap 400 ETF (MDY) just scored its fifth straight winning week. The fund is off to a solid start this week, up 4% over the past two days, after the U.S. and China agreed to suspen higher tariffs for 90 days . Accords on tariffs, like the one reached with the United Kingdom and potentially in the works with China, bode well for smaller companies, which tend to be particularly sensitive to the domestic economy compared to their larger counterparts. "We're engaging with companies that are exposed to tariffs to understand their contingency plans," said Janus Henderson midcap portfolio manager Brian Demain in a recent article . "Many companies are implementing easier fixes they can make quickly, even though they come with cost headwinds," he added. Some economists on Wall Street are also starting to dial back their recession odds as the U.S. paves the way for agreements with trading partners. Goldman Sachs, for example, cut back its 12-month recession forecast to 35% from 45% following the tentative deal with Beijing. Investors hoping to capitalize on this potential tailwind for midcaps and scoop up some income at the same time may be interested in the Proshares S & P MidCap 400 Dividend Aristocrats ETF (REGL) . The ETF is up 6.6% in the past month, including reinvested dividends, according to FactSet data, and its constituents include companies that have grown dividends for at least the past 15 years. CNBC Pro used FactSet data to screen inside the REGL ETF for stocks that meet the following criteria: A dividend yield of at least 1.5%. Buy ratings from at least 51% of the analysts covering them. At least 10% upside based on consensus price targets. Here are the names we found. UMB Financial Corp made the cut. The company is rated buy or overweight by nearly 73% of the analysts covering the stock, and consensus price targets call for nearly 12% upside from current levels. Shares are down about 4%, and the stock has a dividend yield of 1.5%. Truist Financial analyst Brian Foran rated UMB a buy in a report on Monday, noting, "They are a bank with strongholds in niche fee areas, diverse geographic and sector exposures, and peer-leading fee and [loan-to-deposit] ratios." Earlier this year, UMB closed on its acquisition of Heartland Financial, a move that boosted its total assets by more than 30%, to about $68 billion. "Heartland's relative strength in the consumer segment such as mortgages and cards will help diversify the balance sheet, and UMB's system & scale help these areas grow more effectively," Foran added. Reinsurance Group of America is also showed up on the screen. In all, about 77% of the analysts covering the name rate it the equivalent of buy, with consensus price targets calling for upside of nearly 16%. Shares are down roughly 3% in 2025, and the stock pays a dividend yield of 1.7%. Piper Sandler analyst John Barnidge stuck with his overweight rating on the stock after RGA posted first quarter operating income of $5.66 per share, topping the FactSet consensus call for $5.31 per share. "This is one of the rare names in lifecoland where we have stability in earnings this quarter, which we find very much to be RGA-specific as the traditional business grows greater than expected and continues to deliver favorable claims experience," he said. As a reinsurer, RGA essentially "backs" other insurance companies, providing coverage to help transfer mortality and morbidity risk. "1Q25 demonstrated the mortality-as-a-service flywheel is not just intact but has led to stronger top-line growth in the higher multiple traditional mortality business," Barnidge added. Finally, Essential Utilities turned up on CNBC's list. The company provides drinking water, wastewater treatment infrastructure and natural gas. Shares are up about 3% this year, and the company offers a dividend yield of 3.5%. Essential Utilities on Monday posted first-quarter earnings of $1.03 per share on revenue of $784 million, encouraging Janney Montgomery Scott analyst Michael Gaugler to reiterate a buy rating. "Contributing to the 7.5% increase in water revenues and ~46% increase in natural gas sales were the following: additional revenues from regulatory recoveries, purchased gas costs and higher natural gas volumes," he said in a Monday report. Gaugler added that there have been several data center announcements for facilities to be located within Essential Utilities' natural gas service territory in western Pennsylvania. "All in, it looks like positive momentum building in terms of earnings and future capex opportunities," he said. Other stocks that appeared in CNBC Pro's screen included Equity LifeStyle Properties , Prosperity Bancshares and Unum Group . —CNBC's Fred Imbert contributed reporting.
Yahoo
22-04-2025
- Business
- Yahoo
Fifth Third price target lowered to $44 from $52 at Truist
Truist analyst Brian Foran lowered the firm's price target on Fifth Third (FITB) to $44 from $52. The firm lowered its 2025 and 2026 EPS estimates to $3.50 and $4.15, respectively, given increased volatility in fees, slower loan and deposit growth, and higher provisions from an increased recession risk. Truist keeps a Buy rating on the shares given Fifth Third's differentiated southeast growth story and diversified commercial fee capabilities. Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on FITB: Disclaimer & DisclosureReport an Issue Fifth Third price target lowered to $42 from $45 at DA Davidson Hold Rating for Fifth Third Bancorp Amid Mixed Economic Signals and Adjusted Growth Guidance Fifth Third price target lowered to $42 from $47 at Keefe Bruyette Fifth Third price target lowered to $51 from $56 at Barclays Fifth Third price target lowered to $48 from $50 at Wells Fargo Sign in to access your portfolio
