Raymond James initiated coverage
Raymond James initiated coverage Raymond James initiated coverage of Plumas Bancorp (PLBC) with an Outperform rating and $38 price target. The "high-quality community bank" has "one of the strongest core deposit franchises in the country," of Flushing Financial (FFIC) with an Outperform rating and $17 price target. Flushing Financial is "positioning themselves for the future" as recent swap transactions should moderate earnings headwinds and buy time for the bank's short duration loan portfolio to support higher profitability over time, the firm argues. Raymond James initiated coverage of Middlefield Banc (MBCN) with a Market Perform rating and no price target. The firm believes shares are "fairly valued."