Colonial BancGroup "outperform"

09/17/07 - Morgan Keegan

NEW YORK, September 17 (newratings.com) - Analysts at Morgan Keegan reiterate their "outperform" rating on Colonial BancGroup Inc (CNB).

In a research note published this morning, the analysts mention that the company’s CEO, Bobby Lowder, has reaffirmed the stability in asset quality and liquidity in the secondary market. The outlook for job and population growth in Florida remains positive, despite the recent slowdown, the analysts say. Colonial BancGroup is focused on maximizing B/S and operational efficiencies amidst a challenging operating environment, Morgan Keegan adds.