Donaldson, Lufkin & Jenrette Securities Corp. has opened coverage of Hawkeye Bancorp. with a "very attractive" rating, saying the Iowa bank is well managed and a takeover candidate.

"Hawkeye is steadily raising return on assets, and it ranked No. I in asset quality in our latest quarterly survey" of 65 bank holding companies, banking analyst Frank R. DeSantis Jr. said Monday.

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