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Ameris Bancorp Reports Q4 EPS of $.04
Friday, January 28, 2011 - 9:49am | 146Ameris Bancorp (Nasdaq: ABCB), today reported net income available to common shareholders of $1.1 million, or $0.04 per diluted share, for the quarter ended December 31, 2010, compared to a net loss of $39.2 million, or $2.82 per diluted share, for the quarter ended December 31, 2009. For the...
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Zacks #5 Rank Additions for Friday - Tale of the Tape
Friday, January 28, 2011 - 9:40am | 352Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Alliance Finl Corp (ALNC) Amer National BankShares Inc (AMNB) Argo Group Intl Holdings Ltd (AGII) British Amer Tobacco (BTI) Bryn Mawr Bank Corp (BMTC) View the entire Zacks #5 Rank List. ARGO GROUP INTL (AGII): Free Stock...
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Wilmington Trust Loss Widens To $2.35 Per Share (WL)
Friday, January 28, 2011 - 9:30am | 158Wilmington, Delaware-based Wilmington Trust Corporation (NYSE: WL) released financial results on Friday morning. Wilmington Trust Corporation announced that its 4th quarter net loss available to common shareholders widened to $213.8 million, or $2.35 per share, compared to a net loss of $15.7...
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Zacks #5 Rank Additions for Friday - Tale of the Tape
Friday, January 28, 2011 - 9:14am | 352Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Alliance Finl Corp (ALNC) Amer National BankShares Inc (AMNB) Argo Group Intl Holdings Ltd (AGII) British Amer Tobacco (BTI) Bryn Mawr Bank Corp (BMTC) View the entire Zacks #5 Rank List. ARGO GROUP INTL (AGII): Free Stock...
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Taylor Capital Group Announces $25M Capital Raise
Friday, January 28, 2011 - 9:09am | 113Taylor Capital Group, Inc. (Nasdaq: TAYC) today announced that it has entered into definitive agreements to sell $25 million of a new series of convertible preferred stock to existing investors, including substantial investments from directors Harrison Steans, Jennifer Steans and Bruce Taylor and...
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Keefe Bruyette & Woods Comments On First Commonwealth Financial Earnings
Friday, January 28, 2011 - 9:09am | 82First Commonwealth Bank (NYSE: FCF) reported earnings of $0.11/sh matching Street expectations and $0.02 shy of Keefe Bruyette & Woods' numbers. The quarter was marked by higher operating expenses and weaker spread income, which were partially offset by a lower provision and higher fee income....
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Deutsche Bank Raises TRMK Target To $19 From $14
Friday, January 28, 2011 - 9:06am | 18Deutsche Bank is raising Trustmark Corporation (NASDAQ: TRMK) to $19 from $14.
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Taylor Capital Group Reports Q4 $(2.21)
Friday, January 28, 2011 - 9:06am | 82Taylor Capital Group, Inc. (Nasdaq: TAYC) today reported results for the fourth quarter of 2010 and the full year 2010. Net loss for the fourth quarter of 2010 was $36.0 million, compared to net income of $33.4 million for the third quarter of 2010. Net loss applicable to common stockholders was $...
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Wilmington Trust Reports Q4 $(2.35) vs. $(0.35)
Friday, January 28, 2011 - 9:04am | 112Wilmington Trust Corporation (NYSE: WL) reported a loss of $209.3 million for the 2010 fourth quarter and a loss of $720.1 million for the 2010 full year. After dividends and accretion on preferred stock, the net loss available to common shareholders was $213.8 million, or $2.35 per share, for the...
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Wunderlich Lowering Price Target On Old Republic International (ORI)
Friday, January 28, 2011 - 8:52am | 173Wunderlich Securities is lowering its price target on shares of Old Republic International Corporation (NYSE: ORI) to $16 from $19, but is keeping its Buy rating on shares. In a note to clients, Wunderlich writes, "Old Republic International Corp. (ORI) reported a disappointing 4Q10 result of a...
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J.P. Morgan Decreases PT on Umpqua Holdings to $13.50 (UMPQ)
Friday, January 28, 2011 - 8:51am | 145J.P. Morgan is out with its report today on Umpqua Holdings (NASDAQ: UMPQ), decreasing its price target from $14 to $13.50. In a note to clients, J.P. Morgan writes, "UMPQ reported EPS of $0.07. Cutting through the noise, with additional guidance provided by management on the call, core EPS appears...
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J.P. Morgan Comments on MB Financial's Q4 10 EPS Beat (MBFI)
Friday, January 28, 2011 - 8:45am | 114J.P. Morgan is out with its report today on MB Financial (NASDAQ: MBFI), commenting on MBFI's Q4 10 EPS beat. In a note to clients, J.P. Morgan writes, "Core EPS beats Street, credit quality heads in right direction. MBFI reported 4Q10 results of $0.01. Removing several largely offsetting non-...
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Morgan Keegan Has Market Perform On TriCo Bancshares (TCBK)
Friday, January 28, 2011 - 8:43am | 75Keefe Bruyette & Woods has a Market Perform rating and $18 price target on shares of TriCo Bancshares (NASDAQ: TCBK). In a note to clients, KBW writes, "TriCo Bancshares reported fourth quarter EPS of $0.20, $0.18 above the consensus and $0.12 above our estimate. Following the quarter, we are...
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J.P. Morgan Maintains Underweight on Valley National Bancorp (VLY)
Friday, January 28, 2011 - 8:37am | 168J.P. Morgan is out with its report today on Valley National Bancorp (NYSE: VLY), maintaining Underweight and a $14 price target. In a note to clients, J.P. Morgan writes, "VLY reported 4Q EPS of $0.24 with core EPS in the $0.21 range, which was in line with our forecast. Fees came in ahead of...
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Synovus Reports Q4 EPS of $(0.23) vs. $(0.20)
Friday, January 28, 2011 - 8:35am | 75Synovus Financial Corp. (NYSE: SNV) today reported a net loss attributable to common shareholders of $180.0 million for the fourth quarter of 2010, compared to a net loss of $195.8 million for the third quarter of 2010. The net loss per common share for the fourth quarter of 2010 was $0.23...