Taylor Capital Group (NASDAQ: TAYC) was downgraded by Zacks Investment Research from an “outperform” rating to a “neutral” rating in a note issued to investors on Tuesday.
Separately, analysts at FIG Partners downgraded shares of Taylor Capital Group to a “market perform” rating in a research note to investors on Monday.
Taylor Capital Group, Inc. is a bank holding company for Cole Taylor Bank (the Bank). The Bank provides a range of products and services primarily to closely-held commercial customers and their owner operators in the Chicago metropolitan area. It also provides asset-based lending and residential mortgage origination services outside its Chicagoland region. As of December 31, 2009, the Bank had assets of approximately $4.4 billion, deposits of approximately $3 billion and stockholders’ equity of $258.8 million. Its commercial lending activities primarily consist of providing loans for working capital, business expansion or acquisition; owner-occupied commercial real estate financing; revolving lines of credit, and stand-by and commercial letters of credit. In addition to its lending activities, it offers deposit products, such as checking, savings and money market accounts; time deposits and repurchase agreements.
Taylor Capital Group traded down 3.74% on Tuesday, hitting $11.83. Taylor Capital Group has a 1-year low of $5.26 and a 1-year high of $13.05. The stock has a 50-day moving average of $9.90 and a 200-day moving average of $8.22. The company has a market cap of $244.7 million and a price-to-earnings ratio of 3.56.