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UCBI Reports Q4 Adjusted Loss of $0.28 Per Share
Friday, January 28, 2011 - 6:52am | 69United Community Banks (NASDAQ: UCBI) reports its Q4 adjusted loss at $0.28 per share, versus the expected loss of $0.26 per share. UCBI's non-performing assets came in at $321 million. UCBI's operating provision for loan losses in Q4 came in at $47.8 million. UCBI shares gained 0.60% to close at...
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Companies Demonstrating Expanding ROIC Tend to Surprise to the Upside
Thursday, January 27, 2011 - 10:50pm | 1109Model Portfolio Daily Update: January 27, 2011 Subscribers log in for the full report: This content is for members only. New Actions Required: This content is for members only. As we have noted before, over the last few months it has been a better for hedged strategies to short index futures...
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Hot Stock Movers to watch on Friday, January 28
Thursday, January 27, 2011 - 7:38pm | 1532( click to enlarge ) Morgan Stanley (NYSE:MS) has formed a bullish engulfing pattern on the daily chart. RSI confirms the uptrend and the stock trades comfortably above the 20 and 50 DMA. I expect the stock's near-term up trend to continue. Next resistance is located at $30.37, while...
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Texas Capital Outpaces Zacks Ests - Analyst Blog
Thursday, January 27, 2011 - 6:31pm | 705Texas Capital Bancshares Inc. (TCBI) reported fourth quarter 2010 earnings of 32 cents per share, ahead of the Zacks Consensus Estimate of 26 cents. The results also compare favorably with earnings of 18 cents in the year-ago period. For full year 2010, Texas Capital reported earnings of $1.00...
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Texas Capital Outpaces Zacks Ests - Analyst Blog
Thursday, January 27, 2011 - 6:03pm | 705Texas Capital Bancshares Inc. (TCBI) reported fourth quarter 2010 earnings of 32 cents per share, ahead of the Zacks Consensus Estimate of 26 cents. The results also compare favorably with earnings of 18 cents in the year-ago period. For full year 2010, Texas Capital reported earnings of $1.00...
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BancorpSouth Reports Q4 EPS of $.19 vs. $.01
Thursday, January 27, 2011 - 5:37pm | 51BancorpSouth, Inc. (NYSE: BXS) today announced financial results for the quarter ended December 31, 2010. The Company had net income of $15.8 million, or $0.19 per diluted share, for the quarter compared with a net loss of $2.1 million, or $0.03 per diluted share, for the fourth quarter of 2009.
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Cullen/Frost Bankers Announces Dividend of $.45
Thursday, January 27, 2011 - 4:33pm | 42The Cullen/Frost Bankers, Inc. (NYSE: CFR)board of directors declared a first quarter cash dividend of $.45 per common share. The dividend is payable March 15, 2011 to shareholders of record on March 1 of this year.
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Old National Approves 2.25M Share Repurchase Plan
Thursday, January 27, 2011 - 3:01pm | 65National Bancorp (NYSE: ONB) today announced that its Board of Directors has approved a new plan to repurchase, as conditions warrant, up to 2.25 million shares of Old National Bancorp common stock through January 31, 2012. These shares may be purchased from time to time in either the open market...
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Standpoint Research Downgrades Prosperity Bank to Hold
Thursday, January 27, 2011 - 2:04pm | 19Standpoint Research downgrades Prosperity Bank (NASDAQ: PRSP) from Buy to Hold.
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Mid Penn Bancorp, Inc. Reports Q4 EPS of $.17
Thursday, January 27, 2011 - 1:23pm | 119Mid Penn Bancorp, Inc. (Nasdaq: MPB), the parent company of Mid Penn Bank, today reported net income available to common shareholders for the fourth quarter of $613,000, or $0.17 per common share, an increase of 116.6% over the net loss available to common shareholders of ($3,684,000), or ($1.06)...
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Sterne Agee Lowering FMBI Estimates
Thursday, January 27, 2011 - 12:56pm | 107Sterne Agee is lowering its 2011E on First Midwest Bancorp, Inc. (NASDAQ: FMBI) to $0.30 (-$0.19), its 2012E to $0.90 (-$0.20) and its 2013E to $1.15 (-$0.15). “Estimate reductions are driven by a combination of higher operating expenses, less balance sheet growth, share issuance in the out years,...
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First Merchants Corporation Reports Q4 EPS of $.10
Thursday, January 27, 2011 - 11:35am | 50First Merchants Corporation (NASDAQ: FRME) has reported 2010 year-to-date earnings of $.48 per fully diluted common share and net income available to common stockholders totaling $11.7 million. Fourth quarter earnings totaled $.10 per fully diluted common share and net income available to common...
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Morning Market Movers (WSB, HAFC, ACAT, NFLX)
Thursday, January 27, 2011 - 11:10am | 127WSB Holdings Inc (NASDAQ: WSB) climbed 23.95% to $2.95 at 10:00 am. WSB shares have dipped 20.67% over the past 52 weeks, while the S&P 500 index has gained 18.14% in the same period. Hanmi Financial Corporation (NASDAQ: HAFC) jumped 20.51% to $1.41. HAFC swung to Q4 profit, from a loss in the...
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J.P. Morgan Maintains Cullen/Frost Bankers Neutral Rating (CFR)
Thursday, January 27, 2011 - 9:45am | 261J.P. Morgan maintained its Cullen/Frost Bankers (NYSE: CFR) Neutral rating and price target of $62 in a research report published today. In the report, J.P. Morgan states, "CFR's stock responded negatively to fourth quarter earnings, with more pressure following the conference call in which...
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Jefferies Maintains First Midwest $12 PT, Hold Rating (FMBI)
Thursday, January 27, 2011 - 9:23am | 127Jefferies maintained its First Midwest (NASDAQ: FMBI) $12 price target and Hold rating in a research report published today. In the report, Jefferies states, "The write-down of FMBI's worst problem assets was a step in the right direction, as the company looks to resume sustainable profitability....