-
Options Brief: Synovus Financial (SNV)
Thursday, January 20, 2011 - 11:39am | 103Shares of Synovus Financial (NYSE: SNV) are lower on the session by 1.41%, trading at $2.79. Overall put volume is now running at 11.17x the daily average, with 3% of all puts traded being purchases on the offer. 5,204 contracts have traded on the session so far. Synovus Financial Corp.,...
-
Fifth Third Tops, to Repay TARP - Analyst Blog
Thursday, January 20, 2011 - 11:31am | 1273Fifth Third Bancorp (FITB) reported better-than-expected fourth quarter 2010 earnings and announced its plan to repay the bailout money received under the Treasury's Troubled Asset Relief Program (TARP). Fifth Third reported fourth quarter net income available to common shareholders of $270...
-
Oppenheimer Comments On Mercantile Bank Following Another Loss
Thursday, January 20, 2011 - 11:30am | 221Management of Mercantile Bank (NASDAQ: MBWM) has successfully navigated the bank through some very challenging times in Michigan. Shrinking the balance sheet reduces the earnings power of the bank coming out of the cycle but was necessary to bolster capital levels. Profitability will still take...
-
Fifth Third Tops, to Repay TARP - Analyst Blog
Thursday, January 20, 2011 - 11:15am | 1273Fifth Third Bancorp (FITB) reported better-than-expected fourth quarter 2010 earnings and announced its plan to repay the bailout money received under the Treasury's Troubled Asset Relief Program (TARP). Fifth Third reported fourth quarter net income available to common shareholders of $270...
-
News Summary
Thursday, January 20, 2011 - 10:46am | 211Shares of Morgan Stanley (NYSE: MS) gained about 1% after the company reported stronger-than-expected quarterly earnings. MS reported its Q4 earnings at $0.43 per share. The company's revenue increased 14% y/y to $7.8 billion. However, analysts had expected earnings of $0.35 per share on revenue of...
-
Lakeland Bancorp Reports Fourth Quarter EPS of $.17
Thursday, January 20, 2011 - 10:43am | 84Lakeland Bancorp, Inc. (Nasdaq: LBAI) reported the following developments for the fourth quarter and full year 2010: Net Income Available to Common Shareholders was $4.4 million or $0.17 per diluted share for the fourth quarter of 2010, as compared to $1.3 million, or $0.05 per diluted share...
-
PremierWest Bancorp Announces Q4 EPS of $(0.01) vs. $(0.03)
Thursday, January 20, 2011 - 10:33am | 95PremierWest Bancorp (NASDAQ: PRWT) announced results for the fourth quarter of 2010 as follows: For the three months ended December 31, 2010: -- Net loss applicable to common shareholders of $705,000 compared to a net loss of $1.4 million for the third quarter ended September 30, 2010,...
-
Fifth Third Prices $1.7B Offering at $14 per Share
Thursday, January 20, 2011 - 10:31am | 103Fifth Third Bancorp (Nasdaq: FITB) today announced that it has priced a public offering of 121,428,572 shares of its common stock at a price to the public of $14.00 per share, or $1.7 billion in aggregate gross proceeds. Fifth Third intends to use the proceeds, together with the net proceeds of a...
-
Morgan Stanley Raises FITB To $16 From $15
Thursday, January 20, 2011 - 10:28am | 141Fifth Third Bancorp (NASDAQ: FITB) posted 4Q10 operating EPS of $0.32, “+3c above our estimate and 8c ahead of the street,” Morgan Stanley reports. “The beat was driven by reserve bleed, while PPOP was in line with our forecast. FITB also announced its intention to repay TARP ($3.4 bn), financed...
-
Jefferies Reiterates Buy on Fifth Third Bancorp (FITB)
Thursday, January 20, 2011 - 10:12am | 137Jefferies is out with its report on Fifth Third Bancorp (NASDAQ: FITB) reiterating Buy. In a note to clients, Jefferies writes, "Pre-tax, pre-provision was inline for 4Q but looks better than we expected going forward. Benefits are: 1) improved loan growth, even after the $842mm reduction from the...
-
Wunderlich Upgrades Pinnacle Financial Partners To Buy Following Earnings
Thursday, January 20, 2011 - 10:09am | 173Wunderlich Securities is pgrading shares of Pinnacle Financial Partners (NASDAQ: PNFP) to Buy from Hold as it raises the price target to $18 from $14 on the heels of improved profitability in 4Q10. Based on improving fundamentals, we value PNFP at $16-$17 per share. The recent wave of M&A...
-
Wunderlich Securities Comments On Renasant Corporation Following Earnings Results
Thursday, January 20, 2011 - 9:56am | 170Wunderlich maintains its Buy rating on shares of Renasant Corporation (NASDAQ: RNST) as well as a $20 price target. RNST reported 4Q10 EPS of $0.19, which was in line with consensus and $0.01 above its estimate. The company reported continued improvements in asset quality as NPLs, NCOs, and...
-
Wunderlich Securities Maintains Buy On Hancock Holding Co. Following Earnings Beat
Thursday, January 20, 2011 - 9:35am | 159Wunderlich Securities reiterates its Buy rating on shares of Hancock Holding Company (NASDAQ: HBHC) and its price target of $45. HBHC reported 4Q10 EPS of $0.46, which matched Wunderlich's estimate and was $0.06 above consensus. The company reported continued improvements in asset quality trends...
-
Zacks #1 Rank Additions for Thursday - Tale of the Tape
Thursday, January 20, 2011 - 9:31am | 341Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Altra Holdings Inc (AIMC) Banco Frances (BFR) Banco Macro (BMA) Brooks Automation Inc (BRKS) Citizens & Northern Corp (CZNC) View the entire Zacks #1 Rank List. ALTRA HOLDINGS (AIMC): Free Stock Analysis Report BANCO...
-
Zacks #5 Rank Additions for Thursday - Tale of the Tape
Thursday, January 20, 2011 - 9:31am | 338Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Aixtron AG (AIXG) Alliance Holdings (AHGP) Bemis (BMS) Bryn Mawr Bank Corp (BMTC) Campbell Soup (CPB) View the entire Zacks #5 Rank List. ALLIANCE HLDGS (AHGP): Free Stock Analysis Report AIXTRON AG-ADR (AIXG): Free Stock...