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KS Bancorp

KS Bancorp Inc is a community bank. The Bank's operations are retail oriented and directed toward individuals and small to medium-sized businesses located in company's banking market. The Bank provides traditional banking services which include taking of demand deposits and the making of consumer and commercial loans. The Bank's primary source of revenue is the interest income derived from its lending activities.

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Wall Street&#39;s M&amp;A Chatter From July 13: Tesaro, Time, Frontier Communications, First Citizens BancShares, Brink&#39;s-Maco Transportadora

KS Bancorp Inc

K S Bancorp goes ex dividend tomorrow

K S Bancorp GAAP EPS of $1.35, revenue of $5.84M

K S Bancorp raises quarterly dividend by 4% to  $0.26/share

K S Bancorp GAAP EPS of $1.25, revenue of $5.93M

KS Bancorp declares $0.26 dividend

K S Bancorp GAAP EPS of $1.50, revenue of $6.32M

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KS Bancorp, Inc. (KSBI) Announces Fourth Quarter 2023 Financial Results and Cash Dividend

KS Bancorp, Inc. (KSBI) Announces First Quarter 2023 Financial Results and Cash Dividend

CORRECTION FROM SOURCE: KS Bancorp, Inc. (KSBI) Announces First Quarter 2024 Financial Results and Cash Dividend Increase

KS Bancorp, Inc. (KSBI) Announces Second Quarter 2024 Financial Results and Cash Dividend

KS Bancorp, Inc. (KSBI) Announces Third Quarter 2024 Financial Results and Cash Dividend

The following are the M&amp;A deals, rumors and chatter circulating on Wall Street for Thursday, July 13, 2017.
Report Amazon Considered Time Purchase
The Rumor:
Shares of Time Inc (NYSE:<a class="ticker" href="/stock/TIME#NYSE">TIME</a>) spiked to a high of $14.05 Thursday following a report from Yahoo Finance that Amazon.com, Inc. (NASDAQ:<a class="ticker" href="/stock/AMZN#NASDAQ">AMZN</a>) CEO Jeff Bezos considered buying the publisher of People, according to sources. Bezos, who owns the Washington Post, is said to have &ldquo;kicked the tires&quot; but walked away.
Time declined to comment on the rumor, while Amazon didn&#39;t respond to requests for comment.
Time closed at $13.95, up $0.35.
Tesaro Sale Process Unlikely to Result in Deal
The Rumor:
Tesaro Inc (NASDAQ:<a class="ticker" href="/stock/TSRO#NASDAQ">TSRO</a>)&#39;s sale process isn&#39;t likely to result in a deal, according to sources as reported by CNBC&#39;s David Faber on Thursday. Potential buyers had not met Tesaro&#39;s price expectations, the sources said.
Tesaro declined comment on the report.
Tesaro closed at $129.13, down $9.22.
Brink&#39;s Acquires Maco Transportadora de Caudales for ~$209M
The Deal:
Brink&#39;s Company (NYSE:<a class="ticker" href="/stock/BCO#NYSE">BCO</a>) agreed to acquire Maco Transportadora de Caudales S.A. for approximately $209 million in cash. The transaction is expected to close within 30 days.
Brink&#39;s closed at $70.10, up $1.20.
First Citizens BancShares Proposes to Acquire KS Bancorp for $35/Share
The Offer:
First Citizens BancShares Inc. (NASDAQ:<a class="ticker" href="/stock/FCNCA#NASDAQ">FCNCA</a>) has made a proposal to acquire KS Bancorp, Inc. (OTC:<a class="ticker" href="/stock/KSBI#OTC">KSBI</a>) for $35.00 per share in cash, in a transaction valued at approximately $45.8 million. The proposal was presented in a letter to KS Bancorp&#39;s Board of Directors.
First Citizens CEO Frank B. Holding, Jr. said, &quot;We are disappointed by KS Bancorp&#39;s rejection of our offer without any discussion, and were surprised that the reason given for this was a contemplated S corporation reorganization that we understand would involve a buyout of a significant number of KS Bancorp shareholders. We believe that KS Bancorp shareholders will favor the immediate liquidity at a substantial premium that our acquisition proposal would provide.&quot;
First Citizens closed at $$383.00, up $0.83.
Hearing Takeover Chatter in Frontier Communications
The Offer:
Frontier Communications Corp (NYSE:<a class="ticker" href="/stock/FTR#NYSE">FTR</a>) shares rose as traders circulated unconfirmed market chatter. There was unusual activity in the August $15 call on Wednesday.
Frontier Communication closed at $14.05, up $0.57.

Wall Street's M&A Chatter From July 13: Tesaro, Time, Frontier Communications, First Citizens BancShares, Brink's-Maco Transportadora

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