Sandler lifts Pinnacle rating

Analyst Stephen Scouten at Sandler O'Neill has raised his rating on shares of Pinnacle Financial Partners to 'buy' from 'hold' after the bank holding company reported its second-quarter numbers. The move by Scouten is based on the valuation of Pinnacle, which is off about 10 percent from its recent highs (Ticker: PNFP) but is still up about 15 percent so far in 2014.

Jul 21, 2014 7:17 AM

Analyst action: Pinnacle, Clarcor

Kevin Reynolds at Wunderlich Securities has raised his price target for shares of Pinnacle Financial Partners to $40 from $37 after the bank holding company reported its Q2 numbers. Reynolds says investors shouldn't put too much stock in the earnings beat because of a smaller loan loss provision, but he nonetheless likes Pinnacle's long-term prospects. Pinnacle shares (Ticker: PNFP) closed Thursday trading at $36.05 and are up 11 percent so far in 2014.

At Robert W. Baird, analyst Richard Eastman has hiked his rating on Clarcor shares to 'outperform' from 'neutral,' citing better fundamentals, the benefit of recent acquisitions and a decent valuation. He sees Clarcor (Ticker: CLC), which closed Thursday at $60.46, climbing to $67 in the coming quarters.

Jul 18, 2014 7:19 AM

Pinnacle beats by a penny

Bank adds $134M in loans, on track to hit three-year goal
Jul 16, 2014 7:08 AM

Regions shuffles structure

The parent of Regions Bank has restructured some of its main businesses, aligning its retail, wealth management and small business teams under what it calls the General Bank and setting up the Corporate Bank to handle middle-market and large business customers. The realignment comes with some executive moves, including the departure (for family reasons) of Regions' Business Services Group leader.

Jun 17, 2014 8:51 AM

First Farmers to shift Cool Springs lenders to Green Hills

Maury County-based bank plans to open first Davidson site this fall
Jun 16, 2014 1:07 PM

FDIC wants to fine ex-Tennessee Commerce CEO $485K

Regulators: Sapp's 'personal dishonesty' and 'willful and continuing disregard' for bank's safety cost at least $5M
Jun 2, 2014 7:37 AM

Veteran community banker launches loan production hub

Venture already has handled almost $30M in deals
May 27, 2014 2:33 PM

Franklin Synergy adds Brentwood SVP

Veteran commercial lender makes move from BancorpSouth
May 27, 2014 6:59 AM

Almost two and a half years after closure, 'death penalty' for Tennessee Commerce shares

Still holding shares of Tennessee Commerce Bancorp? Good luck getting rid of them now.

Officials at the Securities and Exchange Commission late last week took what looks like the final step in the closing of their books on the Franklin-based bank, which failed in January of 2012. Citing Section 12(j) of the Securities Exchange Act, they revoked the registration of each class of Tennessee Commerce stock, which last traded over the counter in late March for $0.0001.

SEE ALSO: Our other coverage of the fallout from Tennessee Commerce's closing and background on Section 12(j)

May 19, 2014 6:59 AM

Pinnacle brings on First Tennessee veteran

Senior VP to lead Sumner County efforts
May 13, 2014 2:07 PM