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First Busey Corporation Announces $85.9 Million RDO
Wednesday, December 29, 2010 - 10:10am | 73First Busey Corporation (Nasdaq: BUSE) today announced that it has entered into stock purchase agreements with several institutional and individual investors, including one of the Company's directors and certain individuals related to another of its directors, to sell $54.0 million of its common...
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Stifel Nicolaus' Price Target on Eagle Bancorp is Increased
Wednesday, December 29, 2010 - 9:14am | 21Stifel Nicolaus' price target on Eagle Bancorp (NASDAQ: EGBN) is increased from $14 to $15.50.
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Stifel Nicolaus Downs WSBC To Hold
Wednesday, December 29, 2010 - 9:07am | 38Analysts at Stifel Nicolaus downgrade WesBanco Inc (NASDAQ: WSBC) from “buy” to “hold.” WSBC shares closed at $19.82 yesterday. More Analyst Ratings here
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Hampton Roads Bankshares Completes Rights Offering
Wednesday, December 29, 2010 - 9:05am | 97Hampton Roads Bankshares, Inc. (Nasdaq: HMPR), the holding company for Bank of Hampton Roads and Shore Bank, today announced the completion of a $40 million common stock rights offering, which expired at 5:00 p.m., Eastern Time, on December 10, 2010. The Company also announced the second and final...
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Stifel Nicolaus Downgrades FCBC To Hold
Wednesday, December 29, 2010 - 9:04am | 42Analysts at Stifel Nicolaus downgrade First Community Bancshares Inc (NASDAQ: FCBC) from “buy” to “hold.” FCBC shares fell 0.91% to close at $15.29 yesterday. More Analyst Ratings here
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Citigroup Raises PT On M&T Bank
Wednesday, December 29, 2010 - 8:33am | 50Analysts at Citigroup raise their price target on M&T Bank Corporation (NYSE: MTB) from $86 to $91. Citigroup has a “hold” rating on MTB. MTB shares gained 0.82% to close at $86.78 yesterday. More Analyst Ratings here
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Citi Raises Price Target On M&T Bank (MTB)
Wednesday, December 29, 2010 - 8:30am | 135Citi Investment Research is raising its price target on shares of M&T Bank Corporation (NYSE: MTB) to $91, from $86, but is keeping its Hold rating. In a note sent to investors, Citi writes, "While we were already positive on the Wilmington Trust deal, we gained a much better appreciation for...
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Citigroup Raises MTB Target To $91 From $86
Wednesday, December 29, 2010 - 7:55am | 24Citigroup is raising its PT on shares of M&T Bank Corporation (NYSE: MTB) to $91 from $86.
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Reverse Stock Split for Pacific Capital Bancorp Effective Today
Tuesday, December 28, 2010 - 5:01pm | 91Pacific Capital Bancorp (Nasdaq: PCBC) announced today that its previously disclosed 1-for-100 reverse stock split of its common stock became effective at 1:00 p.m. California time today. Commencing December 29, 2010, the Company's shares will trade on the NASDAQ Global Select Market under the...
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Regional Banks Moving Again (KEY, ZION, FITB)
Tuesday, December 28, 2010 - 4:17pm | 131The financial stocks have been moving sharply higher as we close out 2010, and regional banks have started to lead the way, with Keycorp (NYSE: KEY) and Zions Bancorp (NASDAQ: ZION) being at the forefront of the lead. These stocks have moved recently after Marhsall & Isley (NYSE: MI) was bought...
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Camden National Corporation Announces Quarterly Dividend of $0.25/sh
Tuesday, December 28, 2010 - 3:45pm | 46Gregory A. Dufour, president and chief executive officer of Camden National Corporation (NASDAQ: CAC), announced today that the Board of Directors of the Company declared a $0.25 per share dividend payable on January 31, 2011 for shareholders of record on January 14, 2011.
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Afternoon Market Update (KEY, ZION, STI, FITB, STT, GNW, MNKD, GOOG, DELL, ORCL)
Tuesday, December 28, 2010 - 1:10pm | 235Shares of regional banks were the top gainers in the financial sector. The gainers in the list included KeyCorp (NYSE: KEY), Zions Bancorp (NASDAQ: ZION), SunTrust Banks Inc (NYSE: STI) and Fifth Third Bancorp (NASDAQ: FITB). The Standard & Poor's 500 stock index lost about 0.03%, while the...
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TARP: A Success Story? - Analyst Blog
Tuesday, December 28, 2010 - 12:00pm | 844The $700 billion Troubled Asset Relief Program (TARP), which was initiated two years ago to rescue the nation's financial industry, took another important step last Wednesday with the repayment of $2.66 billion by six banks. The repayments have further lowered the cost of TARP to taxpayers. ...
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Top Performing Industries For December 28 (LTRX, OPOF, CHGS, EXK)
Tuesday, December 28, 2010 - 11:15am | 188At 10:14 am, the Dow lost 0.10% to 11,543.90, the broader Standard & Poor's 500 index moved down 0.09% to 1,256.46 and the NASDAQ composite index fell 0.21% to 2,661.75. The industries that are still afloat in the market today are: Networking & Communication Devices: This industry jumped 1....
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TARP: A Success Story? - Analyst Blog
Tuesday, December 28, 2010 - 11:00am | 847The $700 billion Troubled Asset Relief Program (TARP), which was initiated two years back to rescue the nation's financial industry, moved another step forward toward success with the repayment of $2.66 billion by six banks last Wednesday. The repayments have further lowered the cost of TARP to...