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BankAtlantic to Sell 19 Tampa Branches to PNC Bank for $350M
Monday, January 31, 2011 - 8:16am | 149BankAtlantic Bancorp, Inc. (NYSE: BBX), the parent company of BankAtlantic, today announced BankAtlantic has entered into an agreement for the sale of its Tampa – St. Petersburg franchise to PNC Bank, N.A., part of The PNC Financial Services Group Inc. (NYSE: PNC). BankAtlantic had previously...
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BankAtlantic to Sell 19 Tampa Branches to PNC Bank for $350M
Monday, January 31, 2011 - 8:16am | 149BankAtlantic Bancorp, Inc. (NYSE: BBX), the parent company of BankAtlantic, today announced BankAtlantic has entered into an agreement for the sale of its Tampa – St. Petersburg franchise to PNC Bank, N.A., part of The PNC Financial Services Group Inc. (NYSE: PNC). BankAtlantic had previously...
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Capital Bank Corporation Loss Widens To $2.59 Per Share (CBKN)
Monday, January 31, 2011 - 7:50am | 164Raleigh, North Carolina-based Capital Bank Corporation (Nasdaq: CBKN) released its financial results on Monday morning. Capital Bank Corporation reported that its 4th quarter net loss widened to $34.1 million, or $2.59 per share, from a net loss of ($7.8) million, or 68 cents per share, a year...
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Morgan Keegan Downgrades SNV To Market Perform
Monday, January 31, 2011 - 7:45am | 53Analysts at Morgan Keegan downgrade Synovus Financial Corp (NYSE: SNV) from “outperform” to “market perform.” The target price for SNV has been lowered from $3 to $2.80. SNV shares fell 1.07% to close at $2.78 on Friday. More Analyst Ratings here
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Wunderlich Downs SCBT To Hold
Monday, January 31, 2011 - 6:54am | 51Analysts at Wunderlich downgrade SCBT Financial Corporation (NASDAQ: SCBT) from “buy” to “hold.” The target price for SCBT has been lowered from $38 to $32. SCBT shares dropped 3.97% to close at $31.17 on Friday. More Analyst Ratings here
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SanDisk Corp Looks Great
Sunday, January 30, 2011 - 10:11pm | 924Ascendere Weekly Ranking Update: January 28, 2011 Every week, we include in this report a list of the highest quality and lowest quality stocks as defined by four key factors: 1) Relative Value; 2) Operating Momentum; 3) Analyst Revision Momentum; and 4) Fundamental Quality. At the end of each...
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Stock Market Ideas for Monday, January 31
Sunday, January 30, 2011 - 7:31am | 2462( click to enlarge ) I have been following Sirius XM Radio Inc. (NASDAQ:SIRI) for a while and bought some after the major resistance level around 1.41 was broken. Honestly, the stock looks like it could go to $2 or even higher by the end of year. Nice growth, good expansion and management...
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BOK Financial Misses Estimates - Analyst Blog
Friday, January 28, 2011 - 4:31pm | 718BOK Financial Corporation's (BOKF) fourth quarter 2010 earnings of $58.8 million or 86 cents per share were below the Zacks Consensus Estimate of 93 cents. The results also compare unfavorably with the prior quarter earnings of $64.3 million or 94 cents per share. The company had reported...
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BOK Financial Misses Estimates - Analyst Blog
Friday, January 28, 2011 - 4:08pm | 718BOK Financial Corporation's (BOKF) fourth quarter 2010 earnings of $58.8 million or 86 cents per share were below the Zacks Consensus Estimate of 93 cents. The results also compare unfavorably with the prior quarter earnings of $64.3 million or 94 cents per share. The company had reported...
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Union First Market Bankshares Declares Dividend of $.07
Friday, January 28, 2011 - 3:31pm | 90Union First Market Bankshares Corporation (Nasdaq: UBSH) has declared a quarterly dividend of $0.07 per share. This dividend is the same as third quarter dividend and represents a 16.67% increase from the $0.06 quarterly dividend paid on February 28, 2010. Fourth quarter net income available to...
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C&F Financial Corporation Reports Q4 EPS of $.67
Friday, January 28, 2011 - 2:15pm | 118C&F Financial Corporation (Nasdaq: CFFI), the one-bank holding company for C&F Bank, today reported net income of $2.38 million for the fourth quarter of 2010, compared with $610,000 for the fourth quarter of 2009. Net income available to common shareholders for the fourth quarter of 2010...
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The First of Long Island Corporation Reports Q4 EPS of $.46
Friday, January 28, 2011 - 1:50pm | 160The First of Long Island Corporation (Nasdaq: FLIC) earned $18,392,000 in 2010. This is an increase of 36.6% over 2009 earnings of $13,463,000. On a per share basis, earnings for 2010 were $2.30. This is $.46 better than $1.84 per share earned in 2009. Returns on average assets and equity were 1.11...
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Bank of Commerce Holdings Reports Q4 EPS of $.08
Friday, January 28, 2011 - 12:02pm | 75Patrick J. Moty, President & CEO of Bank of Commerce Holdings (Nasdaq: BOCH), a $939 million financial services holding company, and parent company of Redding Bank of Commerce, Roseville Bank of Commerce, and Bank of Commerce Mortgage today announced 4th quarter and full year 2010 operating...
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Commerce Bancshares, Inc. Declares Dividend of 23c
Friday, January 28, 2011 - 11:37am | 95Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.23 per share on the company's common stock, which compares to the prior dividend of $0.224 as adjusted for the 5 percent stock dividend that was paid on December 20, 2010. This...
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Savannah Bancorp Reports Q4 EPS of $(0.26) vs. $.02
Friday, January 28, 2011 - 10:12am | 144The Savannah Bancorp, Inc. (Nasdaq: SAVB) reported a net loss for the fourth quarter 2010 of $1,876,000 compared to net income of $762,000 in the fourth quarter 2009. Net loss per diluted share was 26 cents in the fourth quarter of 2010 compared to net income per diluted share of 13 cents in 2009....