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Sterling Bancshares Declares Dividend of $0.015
Tuesday, January 18, 2011 - 1:01pm | 47Sterling Bancshares, Inc. (Nasdaq: SBIB), announced that its Board of Directors declared a quarterly cash dividend of $0.015 per share of common stock at the meeting held on January 16, 2011. The dividend is payable February 11, 2011 to shareholders of record on January 28, 2011.
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Options Brief: First Horizon National Corporation (FHN)
Tuesday, January 18, 2011 - 11:44am | 98Shares of First Horizon National Corporation (NYSE: FHN) are lower on the session by 2.47%, trading at $12.22. Overall put volume is now running at 9.37x the daily average, with 45% of all call puts traded being purchases on the offer. 5,040 contracts have traded on the session so far. First...
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Morning Market Losers (CTEK, HDY, ALXA, CMA)
Tuesday, January 18, 2011 - 11:24am | 129CleanTech Innovations Inc (NASDAQ: CTEK) fell 18.59% to $4.5101 at 10:22 am. CTEK's trailing-twelve-month operating cash flow is -$8.23 million. HyperDynamics Corporation (AMEX: HDY) shares dropped 16.34% to $5.89. HDY is scheduled to hold its Annual Meeting of Stockholders on February 17, 2011....
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TowneBank Announces Acquisition
Tuesday, January 18, 2011 - 11:10am | 41Hampton Roads based TowneBank (Nasdaq: TOWN) announced today the closing of a business combination where W. T. Chapin Inc. insurance agency will affiliate with Towne Insurance Agency, a wholly owned subsidiary of TowneBank.
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Morning Market Movers (DTLK, PNBC, ARIA, SBIB)
Tuesday, January 18, 2011 - 11:09am | 164Datalink Corporation (NASDAQ: DTLK) jumped 37.44% to $6.24 at 10:05 am. DTLK projects to significantly exceed its earlier revenue and earnings forecast for the fourth quarter. Princeton National Bancorp Inc (NASDAQ: PNBC) shares surged 36.31% to $7.32. PNBC's shares have dipped 50.23% over the past...
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Company News for January 18, 2011 - Corporate Summary
Tuesday, January 18, 2011 - 11:01am | 880• Comerica (NYSE:CMA) has plans to purchase Sterling Bancshares (NASDAQ:SBIB) for $1.03 billion for a deal worth $10 per share • GlaxoSmithKline (NYSE:GSK) reported charges of $3.4 billion in the fourth quarter to settle lawsuits and fines from earlier sales practices, mostly because of its...
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5 ETFs to Watch This Week
Tuesday, January 18, 2011 - 10:51am | 210Here are the five ETFs to watch this week. SPDR KBW Bank ETF (NYSE: KBE) The financial industry will be front and center during this shortened trading week as a combination of Wall Street giants and smaller regional players release their quarterly earnings reports. Notable names on tap include Bank...
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Jefferies Raises WBS Estimates; PT Goes To $25
Tuesday, January 18, 2011 - 10:43am | 86Jefferies is increasing its estimates on Webster Financial Corporation (NYSE: WBS). “We are increasing our 2011, 2012 and 2013 EPS estimates to $1.30, $1.40 and $1.80, respectively,” Jefferies writes. “Our price target increases to $25 from $23. “We are increasing our estimates and price target (to...
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Company News for January 18, 2011 - Corporate Summary
Tuesday, January 18, 2011 - 10:09am | 880• Comerica (NYSE:CMA) has plans to purchase Sterling Bancshares (NASDAQ:SBIB) for $1.03 billion for a deal worth $10 per share • GlaxoSmithKline (NYSE:GSK) reported charges of $3.4 billion in the fourth quarter to settle lawsuits and fines from earlier sales practices, mostly because of its...
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Benzinga's Top Pre-Market NASDAQ Gainers (ARIA, SBIB, KUTV, VOD)
Tuesday, January 18, 2011 - 9:19am | 162ARIAD Pharmaceuticals Inc (NASDAQ: ARIA) rose 37.71% to $7.23 in the pre-market session. ARIA reported that ridaforolimus met the primary endpoint of improved progression-free survival (PFS) in patients with metastatic soft-tissue or bone sarcomas. Sterling Bancshares Inc (NASDAQ: SBIB) added 20.78...
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JP Morgan Raises PT On MT&T Bank
Tuesday, January 18, 2011 - 9:09am | 29JP Morgan has raised the price target on MT&T Bank Corporation (NYSE: MTB) From $90 to $92 and maintains its Neutral rating.
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Comerica Incorporated to Acquire Sterling Bancshares for $10 per Share
Tuesday, January 18, 2011 - 8:55am | 127Comerica Incorporated (NYSE: CMA) and Sterling Bancshares, Inc. (Nasdaq: SBIB) today announced that they have entered into a definitive agreement under which Comerica will acquire all of the outstanding shares of common stock of Sterling in a stock-for-stock transaction. Under terms of the...
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Jefferies Raises PT On Webster Financial
Tuesday, January 18, 2011 - 8:50am | 27Jefferies & Company has raised the price target on Webster Financial (NYSE: WBS) from $23 to $25 and maintains its Buy rating.
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Sterling Bancshares Reports Fourth Quarter EPS of $.02
Tuesday, January 18, 2011 - 8:40am | 100Sterling Bancshares, Inc. (Nasdaq: SBIB) earlier today reported net income of $1.9 million, or $0.02 per diluted common share, for the fourth quarter ended December 31, 2010, as compared to net income of $4.5 million, or $0.04 per diluted common share, for the third quarter of 2010. Net income for...
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Five ETF Earnings Plays For The Week Ahead
Tuesday, January 18, 2011 - 3:47am | 372With earnings season set to kick into high gear this week, some sectors are going to see a bit more volatility than usual and the earnings calendar points to financials and tech as two prime areas for trading opportunities. Prepare yourself with this list of ETFs that are sure to be in play on the...