Comerica in Dallas is facing pressure from an investor to find a buyer.
HoldCo Asset Management in Florida, which owns about 1.8% of the $tk billion-asset company’s stock, released a presentation urging a sale to maximize shareholder value.
“The firm has also been vocal with bank positions in the past,” Scott Siefers, an analyst at Piper Sandler, wrote in a note to clients.
“Too early to know any consequences of this development, but it goes without saying that investor interest in regional bank M&A is already heightened due to a number of announcements over the past couple of weeks,” he added. “Thus, probably even increased volume for now in the CMA discussion around an issue already of interest to investors.”