Earnings wrap: Franklin Financial, First Farmers

Health care big part of pushing Franklin bank past $2B in assets; Columbia lender's loan up 18%
Oct 28, 2015 7:47 AM

Gen Cap buys Wisconsin manufacturer

Maker of water control systems, pumps was founded in '61
Oct 27, 2015 9:48 AM

Analyst action: Pinnacle, LifePoint

Keefe Bruyette & Woods analyst Jefferson Harralson has tweaked his price target for shares of Pinnacle Financial Partners following the downtown bank's recent third-quarter results. Harralson, who rates Pinnacle a 'buy,' now sees Pinnacle climbing to $58, up from $54. That still leaves little upside, however, for Pinnacle (Ticker: PNFP), which closed Friday trading at $54 and change.

Analysts at Goldman Sachs have removed LifePoint Health from their 'conviction buy' list following the recent profit warnings from HCA Holdings and Community Health Systems. The Goldman team still rates Brentwood-based as a 'buy' and is sticking to its $87 price target. LifePoint (Ticker: LPNT) ended last week at a little more than $64.

Oct 26, 2015 7:22 AM

Avenue: Look for M&A progress in 2016

Earlier this year, the leaders of Avenue Financial Holdings said they were mulling acquisitions of wealth management firms as a way to grow their fee revenues. Still with plenty of liquidity on their balance sheet, such purchases remain "a top priority," Chief Credit Officer Andy Moats (pictured) told analysts and investors Friday morning on the company's Q3 earnings call. There is still a lot of potential to tie such businesses into Avenue's private banking operations, Moats said, and his team is still carrying on "quite a few conversations" on the M&A front. But don't expect big news too soon, he added: Any significant news will likely have to wait until 2016.

Avenue shares (Ticker: AVNU) were up on the heels of the company's Q3 numbers. At about 1:40 p.m. Friday, they were changing hands at $13.25, almost 2 percent higher than where they closed Thursday.

Oct 23, 2015 1:38 PM

Pinnacle sees promise in apartment lending program

Magna deal brought with it one of just 11 Freddie Mac licenses
Oct 23, 2015 11:12 AM

Loan growth of 26% powers Avenue Q3

CEO Samuels sees strong end to year as assets grow to $1.1B
Oct 23, 2015 7:12 AM

Earnings wrap: Truxton, Cat Financial

Loan growth drives bank profits; equipment finance group down 26% from year ago
Oct 22, 2015 9:07 AM

West End payment processor being sold for $1.5B

Private-equity owner cashes out after 18 months
Oct 21, 2015 2:44 PM

Tennessee Commerce shareholders set to receive their settlement

Plaintiffs' attorneys ask court to authorize payout of $2.6M settlement
Oct 21, 2015 1:33 PM

Strong loan growth helps Pinnacle top Q3 expectations

CapitalMark, Magna acquisitions take headcount past 1,000
Oct 21, 2015 6:54 AM