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Wunderlich Lowers PT On Hancock Holding Company To $42
Thursday, February 10, 2011 - 8:28am | 28Wunderlich Securities has lowered the price target on Hancock Holding Company (NASDAQ: HBHC) from $45 to $42 and maintains its Buy rating.
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Commercial National Reports 4 EPS of $.48
Wednesday, February 9, 2011 - 10:31am | 70Commercial National Financial Corporation (Nasdaq: CNAF), parent Company of Commercial Bank & Trust of PA, has reported earnings for the year ended December 31, 2010. The Company earned $5,501,000 (or $1.92 per average share outstanding) compared to $5,129,000 (or $1.79 per average share...
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KBW Lowers PBIB Target To $11
Wednesday, February 9, 2011 - 10:05am | 25KBW is lowering its PT on Porter Bancorp, Inc. (NASDAQ: PBIB) to $11. Porter Bancorp closed Tuesday at $8.85.
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KBW Lowers PFBC Estimates
Wednesday, February 9, 2011 - 9:52am | 46KBW is lowering its 2011 estimate on Preferred Bank (NASDAQ: PFBC) to $(0.10) from $(0.05) before the quarter. “We are also lowering our 2012 estimate to $0.05 from $0.10,” KBW writes. “We are leaving our 2013 EPS estimate unchanged at $0.10.” Preferred Bank closed Tuesday at $1.65.
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First BanCorp Reports Q4 EPS of $(8.27) vs. $(2.09)
Wednesday, February 9, 2011 - 9:18am | 61First BanCorp (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, today reported a net loss of $157.7 million for the fourth quarter of 2010, compared to a net loss of $75.2 million for the third quarter of 2010 and a net loss of $53.2 million for the fourth quarter of 2009. Diluted (...
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RBC Capital Downgrades KEY To Sector Perform
Wednesday, February 9, 2011 - 7:46am | 48Analysts at RBC Capital downgrade KeyCorp (NYSE: KEY) from “outperform” to “sector perform.” The target price for KEY is set to $10. KEY shares gained 1.36% to close at $9.71 yesterday. More Analyst Ratings here
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Mad Money Lightning Round: Cramer Likes Salesforce.com (SNV, HBAN, FHN, CRM, REN, UPL, SVM, SLV)
Wednesday, February 9, 2011 - 5:21am | 218On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Synovus Financial (NYSE: SNV) is “too speculative for me. I would rather see you in Huntington Bancshares (NASDAQ: HBAN). They are getting rid of bad loans faster than anyone. I also like First Horizon National (NYSE: FHN)." For...
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Options Brief: First Horizon National Corporation (FHN)
Tuesday, February 8, 2011 - 11:42am | 97Shares of First Horizon National Corporation (NYSE: FHN) are lower on the session by 0.08%, trading at $11.79. Overall call volume is now running at 4.32x the daily average, with 62% of all calls traded being purchases on the offer. 1,373 contracts have traded on the session so far. First Horizon...
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Morning Market Movers (RHB, OCLS, KND, NOVB)
Tuesday, February 8, 2011 - 11:00am | 155Rehabcare Group Inc (NYSE: RHB) jumped 46.25% to $37.25 at 10:00 am. Kindred Healthcare (NYSE: KND) agreed to purchase RHB for around $900 million in cash and stock. Oculus Innovative Sciences Inc (NASDAQ: OCLS) shares advanced 28.26% to $2.36. OCLS received a new FDA 510(k) clearance for its...
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Sterne Agee Looks At Popular's Losses, Maintains Buy Rating
Tuesday, February 8, 2011 - 10:30am | 173Sterne Agee has published a research report on Popular, Inc. (NASDAQ: BPOP) after seeing the company's material losses that have been taking effect since 2008. In the report, Sterne Agee writes "Following the release of the call report data, we have updated our cumulative loss analysis which is...
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Prosperity Bancshares Inc. Director Sells 50,000 Shares of PRSP
Monday, February 7, 2011 - 5:14pm | 55In a Form 4 filed earlier today, Prosperity Bancshares Inc. (NASDAQ: PRSP) Director, Ned Holmes, reported that he sold 50,000 shares of PRSP on February 3rd-4th for an average price of $41.06. The transaction totaled $2,053,045. Mr. Holmes owns 156,705 direct shares and 265,083 indirect shares of...
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Oil Under Pressure 02-07-2011
Monday, February 7, 2011 - 3:50pm | 936Cusick's Corner What a weekend -- the title is back in the rightful city Green Bay (yes, I am a Packer fan)! There was no denying the 6th seed, they found a way to win on the road against all odds, not listening to the pundits or crying about their injuries (3 starters out in the first half of...
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Options Brief: KeyCorp (KEY)
Monday, February 7, 2011 - 2:21pm | 81Shares of KeyCorp (NYSE: KEY) are higher on the session by 0.95%, trading at $9.54. Overall put volume is now running at 8.57x the daily average, with 9% of all puts traded being purchases on the offer. 10,666 contracts have traded on the session so far. KeyCorp is a bank holding company and a...
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Monday's Put/Call Ratio Leaders (SRE, BPOP, SID, KEY, ITUB)
Monday, February 7, 2011 - 1:22pm | 93Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1. Sempra Energy (NYSE: SRE) 3,917 puts, 54 calls 2. Popular Inc. (NASDAQ: BPOP) 40,261 puts, 843 calls 3. Companhia Siderugica Hacional (NYSE: SID) 5,048 puts, 115 calls 4. KeyCorp (...
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Treasury Department Announces Public Offering of Wintrust Financial Corporation Warrants
Monday, February 7, 2011 - 9:56am | 123The U.S. Department of the Treasury announced today that it has commenced a secondary public offering of 1,643,295 warrants to purchase the common stock of Wintrust Financial Corporation (Nasdaq: WTFC). The proceeds of this sale will provide an additional return to the American taxpayer from...