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Camden National Corporation Reports Q4 EPS of $.84
Tuesday, January 25, 2011 - 2:01pm | 116Camden National Corporation (NASDAQ: CAC) reported an increase in 2010 net income of $2.0 million, or 9%, to $24.8 million, or $3.23 per diluted share compared to 2009 net income of $22.8 million, or $2.97 per diluted share. Return on average assets increased to 1.09% for 2010 compared to 1.00%...
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KeyCorp Sustains Profit Trend - Analyst Blog
Tuesday, January 25, 2011 - 1:44pm | 948KeyCorp (KEY) reported fourth quarter net income from continuing operations of 33 cents per share, handily beating the Zacks Consensus Estimate of 13 cents. This also compares favorably with net loss from continuing operations of 30 cents in the prior-year quarter. This marks KeyCorp's third...
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Benzinga's Volume Movers (RDEA, PVTB, TWIN, CATY)
Tuesday, January 25, 2011 - 11:57am | 159Ardea Biosciences Inc (NASDAQ: RDEA) shares moved up 5.53% to $27.69 at 10:55 am. The volume of RDEA shares traded was 342% higher than normal. RDEA priced its underwritten public offering of 2,750,000 shares of its common stock at $26.00 per share. PrivateBancorp Inc (NASDAQ: PVTB) shares rose 3....
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Jefferies Prime Time AM Tickers
Tuesday, January 25, 2011 - 11:53am | 186Jefferies is out with a research report on various changes to its roster of companies. This morning, Jefferies initiated coverage on Elan (NYSE: ELN), rating the company a Buy with a $12 price target. In terms of price target changes, Jefferies changed Autodesk (NASDAQ: ADSK) to $41 from $37, Bank...
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Morning Market Movers (CAVO, ASRV, ETH, BNSO)
Tuesday, January 25, 2011 - 11:07am | 116Cavico Corp (NASDAQ: CAVO) climbed 47.06% to $2.50 at 10:05 am. CAVO's subsidiary, Cavico Hydropower Construction, has received a $7.75 million tunnel construction contract for the Song Giang 1 hydropower plant in Khanh Vinh District. AmeriServ Financial Inc (NASDAQ: ASRV) jumped 19.44% to $2.15....
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PVTB Revenue, Expenses Above Forecast, J.P. Morgan Reports
Tuesday, January 25, 2011 - 11:00am | 146PrivateBancorp, Inc. (NASDAQ: PVTB) reported 4Q10 EPS of $0.12, J.P. Morgan reports. “Adjusting for securities gains of $9 million and roughly $1.8 million in CVA adjustment (our estimate; typically disclosed on the call), at first blush core EPS appears to be in the $0.02 range, which is in line...
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Sterne Agee Maintains City Holding Neutral Rating (CHCO)
Tuesday, January 25, 2011 - 10:56am | 146Sterne Agee maintained its Neutral rating of City Holding (NASDAQ: CHCO) in a research report published today. In the report, Sterne Agee states, "The company continues to perform well in a difficult operating environment, and remains one of the more profitable banks in the industry despite...
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Sterne Agee Remains Neutral On Cathay General Bancorp (CATY)
Tuesday, January 25, 2011 - 10:49am | 107Sterne Agee reiterated Cathay General Bancorp's (NASDAQ: CATY) rating of Neutral in a research report published today. In the report, Sterne Agee states, "Our thesis has been conservative on CATY given the MOU, longer timeline to repay TARP, and lower reported PPI on a ROA basis (1.5% in 4Q10) vis-...
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Zions Beats Estimate, Trims Losses - Analyst Blog
Tuesday, January 25, 2011 - 10:31am | 785Zions Bancorp. (ZION) reported fourth quarter 2010 loss of 25 cents per share, beating the Zacks Consensus Estimate of a loss of 37 cents and also improving upon the prior quarter's loss of 30 cents. However, including non-cash effects of the discount amortization on convertible subordinated...
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Peoples Bancorp Reports Q4 EPS of $.01
Tuesday, January 25, 2011 - 9:53am | 166Peoples Bancorp Inc. (Nasdaq: PEBO) today announced results for the quarter and year ended December 31, 2010. Net income available to common shareholders totaled $55,000 for the fourth quarter and $3.5 million for the year, representing earnings per diluted common share of $0.01 and $0.34,...
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ZION Loss Much Wider Than J.P. Morgan Estimate
Tuesday, January 25, 2011 - 9:45am | 121Zions Bancorporation (NASDAQ: ZION) reported 4Q EPS of ($0.62), with core EPS of ($0.57) excluding the impact of expenses associated with the company's FDIC indemnification asset, J.P. Morgan reports. “The loss was much wider than our ($0.38) estimate and consensus of ($0.36),” J.P. Morgan writes...
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Zions Beats Estimate, Trims Losses - Analyst Blog
Tuesday, January 25, 2011 - 9:45am | 785Zions Bancorp. (ZION) reported fourth quarter 2010 loss of 25 cents per share, beating the Zacks Consensus Estimate of a loss of 37 cents and also improving upon the prior quarter's loss of 30 cents. However, including non-cash effects of the discount amortization on convertible subordinated...
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Jefferies Lowers Zions Bancorp Price Target To $25 (ZION)
Tuesday, January 25, 2011 - 9:33am | 86Jefferies lowered Zions Bancorp's (NASDAQ: ZION) to $25 from $26 in a research report published today. In the report, Jefferies states, "Credit metrics showed strong improvement in 4Q, but a larger-than-expected hit to tangible book value, underwhelming loan growth, and our expectation for greater...
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Jefferies Raises WTFC Estimates
Tuesday, January 25, 2011 - 9:32am | 79Wintrust Financial (NASDAQ: WTFC) posted a better than expected results after backing out TARP redemption costs, Jefferies reports. “Revenue improvements help future quarters some, although some of the increase is likely to revert,” Jefferies writes. “Our price target goes to $34 (from $33). “Our...
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Zacks #1 Rank Additions for Tuesday - Tale of the Tape
Tuesday, January 25, 2011 - 9:31am | 308Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Body Central Acquisition Corp (BODY) CB Richard Ellis Group (CBG) China Green Agriculture (CGA) Cohen & Steers (CNS) Community Trust Bancorp (CTBI) View the entire Zacks #1 Rank List. CB RICHARD ELLS (CBG): Free Stock...