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Keefe, Bruyette & Woods Continues Oriental Financial Group Outperform Rating (OFG)
Monday, February 7, 2011 - 9:34am | 117Keefe, Bruyette & Woods continued its Oriental Financial Group (NYSE: OFG) Outperform rating in a research report published today. Keefe, Bruyette & Woods has previously given Oriental Financial Group a $19 price target. In the report, Keefe, Bruyette & Woods states, "Another messy...
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Keefe, Bruyette & Woods Reiterates Columbia Banking System Outperform (COLB)
Monday, February 7, 2011 - 9:25am | 99Keefe, Bruyette & Woods reiterated its Columbia Banking System (NASDAQ: COLB) Outperform rating in a research report published today. In the report, Keefe, Bruyette & Woods states, "COLB posted stronger than expected operating EPS due to a lower provision. Criticized/classified assets are...
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Wunderlich Securities Reiterates Columbia Banking System Buy, $25 PT (COLB)
Monday, February 7, 2011 - 8:56am | 121Wunderlich Securities reiterated its Columbia Banking System (NASDAQ: COLB) Buy and $25 price target in a research report published today. In the report, Wunderlich Securities states, "COLB reported 4Q10 EPS of $0.32, beating the entire range of analysts' estimates by $0.15, including the consensus...
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Macquarie Downgrades SIVB To Neutral
Monday, February 7, 2011 - 7:11am | 49Analysts at Macquarie downgrade SVB Financial Group (NASDAQ: SIVB) from “outperform” to “neutral.” The target price for SIVB is set to $56. SIVB shares gained 0.75% to close at $53.98 on Friday. More Analyst Ratings here
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China in the Year of the Rabbit
Monday, February 7, 2011 - 2:00am | 830Happy New Year 4708! According to the Chinese calendar it's the Year of the Rabbit. The leading Asian brokerage firm CLSA reports the Rabbit will “wrest the reins from the decidedly unpleasant and erratic Tiger that's been tossing and turning the markets over the past 12 months.” We all could...
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CNB Financial Corporation Reports Q4 EPS of $.23 vs. $.26
Friday, February 4, 2011 - 2:13pm | 90CNB Financial Corporation (Nasdaq: CCNE), the parent company of CNB Bank, today announced its earnings for the fourth quarter of 2010 and for the year ended December 31, 2010. Highlights include the following: Net income of $2.9 million for the quarter ended December 31, 2010, or $0.23 per share,...
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Columbia Banking System Reports Q4 EPS of $.32
Friday, February 4, 2011 - 10:17am | 112Columbia Banking System, Inc. (Nasdaq: COLB) today announced net income of $12.6 million for the quarter ended December 31, 2010, compared to net income applicable to common shareholders of $447 thousand for the same quarter of 2009. On a diluted earnings per common share basis, net income was $0....
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Popular, Inc. Reports Quarterly Results
Friday, February 4, 2011 - 9:22am | 70Popular, Inc. (NASDAQ: BPOP) reported a net loss of $227.1 million for the quarter ended December 31, 2010, compared with net income of $494.1 million, as recasted, for the quarter ended September 30, 2010, and a net loss of $213.2 million for the quarter ended December 31, 2009. For the year ended...
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Sterling Financial Corporation Appoints Patrick J. Rusnak as CFO
Thursday, February 3, 2011 - 5:34pm | 53Sterling Financial Corporation (NASDAQ: STSA), the bank holding company of Sterling Savings Bank, today announced the appointment of Patrick J. Rusnak as chief financial officer, subject to regulatory approval. Pending receipt of regulatory approval, Mr. Rusnak began serving as acting chief...
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Calls Purchased on CVB Financial Corp. (CVBF)
Thursday, February 3, 2011 - 1:50pm | 138Shares of CVB Financial Corp. (NASDAQ: CVBF) are higher on the session by 0.97%, currently trading at $8.36. The stock has been moving largely higher over the past four months, though it is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the name...
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Options Brief: Central Pacific Financial Corp. (CPF)
Thursday, February 3, 2011 - 12:12pm | 94Shares of Central Pacific Financial Corp. (NYSE: CPF) are lower on the session by 4.80%, trading at $28.75. Overall put volume is now running at 13.48x the daily average, with 0% of all puts traded being purchases on the offer. 2,521 contracts have traded on the session so far. Central Pacific...
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Zacks #1 Rank Additions for Thursday - Tale of the Tape
Thursday, February 3, 2011 - 9:31am | 343Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Amer Cap Agency Corp (AGNC) Anixter Intl Inc (AXE) Black Box Corp (BBOX) Caterpillar Inc (CAT) Citizens & Northern Corp (CZNC) View the entire Zacks #1 Rank List. AMER CAP AGENCY (AGNC): Free Stock Analysis Report ...
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Oriental Financial Group Reports Q4 EPS of $.08 vs. $.29
Thursday, February 3, 2011 - 9:17am | 96Oriental Financial Group Inc. (NYSE: OFG) announced results for the quarter ended December 31, 2010 Income available to common shareholders of $3.9 million, or $0.08 per share, for the quarter ended December 31, 2010, compared to a loss of $75.3 million, or ($3.09) per diluted share, in the year...
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Oriental Financial Group Announces $30M Stock Repurchase
Thursday, February 3, 2011 - 9:15am | 66Oriental Financial Group Inc. (NYSE: OFG) today announced that its Board of Directors has approved a new stock repurchase program pursuant to which Oriental is authorized to purchase in the open market up to $30 million of its outstanding shares of common stock. The shares of common stock so...
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Zacks #1 Rank Additions for Thursday - Tale of the Tape
Thursday, February 3, 2011 - 9:14am | 343Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Amer Cap Agency Corp (AGNC) Anixter Intl Inc (AXE) Black Box Corp (BBOX) Caterpillar Inc (CAT) Citizens & Northern Corp (CZNC) View the entire Zacks #1 Rank List. AMER CAP AGENCY (AGNC): Free Stock Analysis Report ...