Regional Banks

TD Ameritrade Holding Corp (NASDAQ: AMTD) is projected to report its Q1 earnings at $0.26 per share on revenue of $672 million. Forest Laboratories Inc (NYSE: FRX) is estimated to report its Q3 EPS at $1.01 on revenue of $1.18 billion. Wells Fargo & Company (NYSE: WFC) is projected to report...

Stifel Nicolaus has downgraded the following companies: Lakeland Financial Corporation (NASDAQ: LKFN) from Buy to Hold, $26 PT removed Regal Entertainment Group (NYSE: RGC) from Buy to Hold, $16 PT removed

Nara Bancorp, Inc. (NASDAQ: NARA) and Center Financial Corporation (NASDAQ: CLFC) today announced the receipt of approval from the Federal Deposit Insurance Corporation (FDIC) for the planned merger of Nara Bank and Center Bank. This represents the final regulatory approval required for the merger...

Nara Bancorp, Inc. (NASDAQ: NARA) and Center Financial Corporation (NASDAQ: CLFC) today announced the receipt of regulatory approval for the planned merger of the two companies from the California Department of Financial Institutions and the Federal Reserve Bank of San Francisco. The last...

This is your Benzinga news summary and traders' summary for Monday, October 24, 2011, covering headlines from Monday's trading session. Today at market close, the Dow Jones Index traded up about 105.3 points or 0.89%, the S&P 500 traded 1.29% higher, the Nasdaq Composite Index traded up 2.35...

Nara Bancorp, Inc. (Nasdaq: NARA) announced today that it has commenced an underwritten public offering of approximately $55 million of its common stock. Keefe, Bruyette & Woods and D.A. Davidson & Co. will serve as co-lead underwriters. The Company intends to grant the underwriters an...

Stifel Nicolaus is out with its report today on NewBridge Bancorp (NASDAQ: NBBC), downgrading NBBC from Buy to Hold. In its report, Stifel Nicolaus writes, "Consequently, while the risk/reward is favorably upside biased, we don't see a material near term catalyst to move the shares significantly...

J.P. Morgan is out with its report today on MB Financial (NASDAQ: MBFI), raising its PT from $18 to $19.50. In its report, J.P. Morgan writes, "MBFI shares trade at 1.25x TBV, in line with peeers. In conjunction with raising our estimates, we are increasing our December 2012 price target from $18...

Citigroup downgraded Torchmark Corporation (NYSE: TMK) from “buy” to “neutral.” TMK's stock closed at $39.80 on Friday. Torchmark's trailing-twelve-month ROA is 3.32%. Analysts at Stifel Nicolaus downgraded Piedmont Office Realty Trust Inc (NYSE: PDM) from “hold” to “sell.” PDM's shares closed at...

Stifel Nicolaus has downgraded the following companies: Franklin Street Properties (AMEX: FSP) from Hold to Sell NewBridge Bancorp (NASDAQ: NBBC) from Buy to Hold, $5.50 PT removed Piedmont Office Realty Trust (NYSE: PDM) from Hold to Sell

JP Morgan has raised the price target on MB Financial (NASDAQ: MBFI) from $18 to $19.50 and maintains its Neutral rating.

A report from Jefferies reiterates its Hold rating and $18 price target on MB Financial (NASDAQ: MBFI). The report states, “MBFI reported 3Q11 GAAP EPS of $0.31 vs. consensus of $0.35. Reported earnings were relatively clean, with lighter-than-expected earnings generated by declining NII and...

According to J.P. Morgan, MB Financial (NASDAQ: MBFI) Neutral rating is maintained. J.P. Morgan said that MBFI reported 3Q11 results of $0.31. Adjusting for one-time income and expense items, at first blush core EPS appear to be in the $0.35 range, which is a penny above consensus, but $0.02 below...

Mercantile Bancorp, Inc. (NYSE: MBR) today announced that its subsidiary, Mercantile Bank, has entered into a definitive agreement to sell two Mercantile Bank branches located in Savannah and St. Joseph, Missouri, excluding the trust and brokerage divisions which are retained by Mercantile Bank, to...

Lakeland Financial Corporation (Nasdaq: LKFN) and Lake City Bank, today announced that Brad Toothaker has been appointed to their respective Boards of Directors. Mr. Toothaker is the President and CEO of the South Bend affiliate of CB Richard Ellis (CBRE). CB Richard Ellis is one of the largest...