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Investing.com - Keefe, Bruyette & Woods raised its price target on BB&T Capital (NYSE:BBT) to $33.00 from $30.95 while maintaining an Outperform rating.
The firm noted that Beacon Financial announced the completion of the merger of equals between Berkshire and Brookline, effective September 1, 2025, creating a $24 billion bank in the Northeast.
KBW rolled out estimates for the combined company of $3.66 for 2026, with shares currently trading at 7.3 times the 2026 estimate and 1.1 times forward tangible book value per share.
The firm anticipates BB&T achieving approximately 17% return on tangible common equity by year-end 2026, supporting the higher price target of $33, which represents 9.0 times 2026 estimates.
Despite the positive outlook, KBW highlighted potential concerns including the company’s elevated commercial real estate concentration (expected 352% pro forma ICRE/RBC) and some deal execution risk, particularly with mergers of equals.
In other recent news, Berkshire Hills Bancorp reported its second-quarter results for 2025, exceeding analyst expectations. The company achieved an earnings per share (EPS) of $0.66, surpassing the forecasted $0.59, marking an 11.86% surprise. Revenue figures were also impressive, reaching $113.67 million compared to the projected $113.34 million. These results highlight the company’s robust performance in the quarter. The earnings release did not significantly impact the stock’s pre-market trading, which remained at $26.23. This strong financial performance demonstrates Berkshire Hills Bancorp’s ability to outperform market expectations. Investors may find these developments noteworthy as they reflect positively on the company’s operational efficiency.
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