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Carolina Trust Bank Raises $6.3 Million in Offering
Tuesday, January 4, 2011 - 2:40pm | 82Carolina Trust Bank (Nasdaq: CART) announced today that it closed on the sale of approximately 1,788,000 shares of its common stock in a public offering. A community offering of approximately 312,000 shares of its common stock closed on December 30, 2010. The shares in both offerings were sold...
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Company News for January 04, 2011 - Corporate Summary
Tuesday, January 4, 2011 - 11:39am | 852• Goldman Sachs (NYSE:GS) removed Nike (NYSE:NKE) from its Conviction Buy List, but maintained the "buy" rating with a target price of $95 • KBW upgraded SunTrust (NYSE:STI) to "outperform," increasing the target price $33 from $30 • Deutsche Bank (NYSE:DB) lifted its target price of Apple (NASDAQ:...
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Morning Market Losers (HOMB, NEPT, CHGS, XPL)
Tuesday, January 4, 2011 - 11:11am | 115Home BancShares Inc (NASDAQ: HOMB) shares dropped 11.84% to $20.25 at 10:10 am. HOMB is expected to post its 1st quarterly loss in 2 years on impairment charge. Neptune Technologies & Bioresources Inc (NASDAQ: NEPT) shares lost 11.83% to $2.46. NEPT's trailing-twelve-month operating cash flow...
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Company News for January 04, 2011 - Corporate Summary
Tuesday, January 4, 2011 - 11:11am | 852• Goldman Sachs (NYSE:GS) removed Nike (NYSE:NKE) from its Conviction Buy List, but maintained the "buy" rating with a target price of $95 • KBW upgraded SunTrust (NYSE:STI) to "outperform," increasing the target price $33 from $30 • Deutsche Bank (NYSE:DB) lifted its target price of Apple (NASDAQ:...
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Zacks #5 Rank Additions for Tuesday - Tale of the Tape
Tuesday, January 4, 2011 - 9:33am | 343Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Alphatec Holdings Inc (ATEC) Alterra Cap Holdings Ltd (ALTE) Amer Supercon Corp (AMSC) Atlantic Tele-Network Inc (ATNI) Banner Corp (BANR) View the entire Zacks #5 Rank List. ALTERRA CAP HLD (ALTE): Free Stock Analysis...
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Benzinga's Top Pre-Market NASDAQ Losers (BANR, MNKD, ASML, ERIC)
Tuesday, January 4, 2011 - 9:25am | 112Banner Corporation (NASDAQ: BANR) dipped 2.23% to $2.19 in the pre-market session. BANR's PEG ratio is -0.31. MannKind Corporation (NASDAQ: MNKD) lost 1.65% to $8.35 in the pre-market session. MNKD's trailing-twelve-month operating margin is -189,488.17%. ASML Holding NV (NASDAQ: ASML) fell 1.22%...
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Benzinga's Top Pre-Market NASDAQ Gainers (CIGX, ATPG, DRYS, HBAN)
Tuesday, January 4, 2011 - 9:17am | 142Star Scientific Inc (NASDAQ: CIGX) rose 5.53% to $2.10 in the pre-market session. CIGX is planning to ask the Food and Drug Administration (FDA) for approval of its moist smokeless tobacco. ATP Oil & Gas Corporation (NASDAQ: ATPG) added 4.43% to $17.67 in pre-market trading. ATPG shares have...
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KBW Downgrades ASBC To Underperform
Tuesday, January 4, 2011 - 9:15am | 84Associated Banc-Corp (NASDAQ: ASBC) has taken action to reduce balance sheet risk and improve its capital and liquidity positions since the hiring of a new CEO in November 2009, KBW reports. “That said, given the recent share price appreciation, the stock appears priced at perfection at 20x our...
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Zacks #5 Rank Additions for Tuesday - Tale of the Tape
Tuesday, January 4, 2011 - 9:14am | 343Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Alphatec Holdings Inc (ATEC) Alterra Cap Holdings Ltd (ALTE) Amer Supercon Corp (AMSC) Atlantic Tele-Network Inc (ATNI) Banner Corp (BANR) View the entire Zacks #5 Rank List. ALTERRA CAP HLD (ALTE): Free Stock Analysis...
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Keefe Downgrades Associated Banc-Corp To Underperform
Tuesday, January 4, 2011 - 8:38am | 26Keefe, Bruyette & Woods has downgraded Associated Banc-Corp (NASDAQ: ASBC) to Underperform and has lowered the price target to $13.
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Keefe Upgrades SunTrust Banks To Outperform
Tuesday, January 4, 2011 - 8:35am | 28Keefe, Bruyette & Woods has upgraded SunTrust Banks, Inc. (NYSE: STI) to Outperform and has raised the price target to $33 from $30.
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Market is Extended 01-03-2011
Monday, January 3, 2011 - 7:34pm | 874Cusick's Corner This bullish market still has low volatility and is extended, so strategically traders may want to participate in this environment using spreads. Many bulls are potentially looking to buy at-the-money spreads, because the volatility is relatively cheap, and they do not have to lay...
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F.N.B. Corporation Merges With Comm Bancorp
Monday, January 3, 2011 - 5:02pm | 42F.N.B. Corporation (NYSE: FNB) today announced that it completed its merger with Comm Bancorp, Inc. on January 1, 2011. Shares of Comm Bancorp, Inc. will no longer be traded on the NASDAQ stock exchange.
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StellarOne Corporation Announces Resignation of Bank CEO
Monday, January 3, 2011 - 3:57pm | 43StellarOne Corporation (Nasdaq: STEL) today announced the resignation of Gregory W. Feldmann, its Bank President and Chief Executive Officer, effective February 1, 2011. Mr. Feldmann's decision to resign was for personal reasons and to pursue other interests.
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German American Completes Acquisition of American Community and Bank of Evansville
Monday, January 3, 2011 - 3:42pm | 37German American Bancorp, Inc. (Nasdaq: GABC) announced today that it has completed its acquisition of American Community Bancorp, Inc., the parent company of Bank of Evansville, of Evansville, Indiana.