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Sterne Agee Raises PT On Investors Bancorp
Tuesday, December 28, 2010 - 9:48am | 153Sterne Agee has published a research report on Investors Bancorp, Inc. (NASDAQ: ISBC) as the company sees profitability track higher after capital deployment. In the report, Sterne Agee writes "As we move into 2011, Investors continues to be one of our top Northeast ideas. Since the company became...
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ORIENTAL FINL (OFG) - Profit Tracks
Tuesday, December 28, 2010 - 2:33am | 595Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List - Stocks to Sell Now by 80% annually (+2% versus +10%). While the rest of Wall Street continued to tout stocks during the market declines of the last few years, Zacks told investors which stocks to sell or avoid....
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ORIENTAL FINL (OFG) - Profit Tracks
Tuesday, December 28, 2010 - 1:00am | 595Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List - Stocks to Sell Now by 80% annually (+2% versus +10%). While the rest of Wall Street continued to tout stocks during the market declines of the last few years, Zacks told investors which stocks to sell or avoid....
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Webster Bank Announces Retail Delivery Changes (WBS)
Monday, December 27, 2010 - 5:21pm | 242Webster Bank, a subsidiary of Webster Financial Corporation (NYSE: WBS), said that it will be closing five branches and opening three new locations in 2011 in response to changing customer usage patterns and as part of ongoing efforts to optimize its branch system to better serve customer needs. "...
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City Holding Co. Downgraded to Hold at Standpoint Research
Monday, December 27, 2010 - 3:23pm | 22City Holding Co. (NASDAQ: CHCO) is downgraded from Buy to Hold at Standpoint research.
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Standpoint Research Downgrades City Holding (CHCO)
Monday, December 27, 2010 - 3:10pm | 76Standpoint Research has downgraded shares of City Holding Co. (NYSE: CHCO) from Buy to Hold. The stock has climbed 27% since the firm recommended it on February 9, 2010. Standpoint analyst Ronnie Moas wrote that the stock is now fairly valued at 1.8X book value and 15X estimates for next year....
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Market Roundup
Monday, December 27, 2010 - 2:22pm | 200Financial stocks were slightly higher, with the Financial Select Sector SPDR exchange-traded fund (XLF) rising about 0.63%. The gainers in the list included American International Group Inc (NYSE: AIG) and Fifth Third Bancorp (NASDAQ: FITB). The US dollar dropped after Christmas holidays. The...
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Richard Northern Named to S.Y. Bancorp Board
Monday, December 27, 2010 - 11:00am | 46S.Y. Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in the Louisville metropolitan area, Indianapolis and Cincinnati, today announced that Richard Northern will join the Company's Board of Directors on January 18, 2011.
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Zacks #1 Rank Additions for Monday - Tale of the Tape
Monday, December 27, 2010 - 9:33am | 341Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Amer Natl BankShares Inc (AMNB) Avnet Inc (AVT) Canon Inc (CAJ) Dollar Finl Corp (DLLR) G-III Apparel Group (GIII) View the entire Zacks #1 Rank List. AMER NATL BNKSH (AMNB): Free Stock Analysis Report AVNET (AVT): Free...
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Zacks #1 Rank Additions for Monday - Tale of the Tape
Monday, December 27, 2010 - 9:14am | 341Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Amer Natl BankShares Inc (AMNB) Avnet Inc (AVT) Canon Inc (CAJ) Dollar Finl Corp (DLLR) G-III Apparel Group (GIII) View the entire Zacks #1 Rank List. AMER NATL BNKSH (AMNB): Free Stock Analysis Report AVNET (AVT): Free...
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Sterne Agee Downgrades TCBI To Neutral
Monday, December 27, 2010 - 9:11am | 43Analysts at Sterne Agee downgrade Texas Capital Bancshares Inc (NASDAQ: TCBI) from “buy” to “neutral.” TCBI shares fell 1.61% to close at $22.04 on Thursday. More Analyst Ratings here
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Sterne Agee Lowers TCBI Rating To Neutral
Monday, December 27, 2010 - 8:52am | 112Sterne Agee is lowering its rating on shares of Texas Capital Bancshares, Inc. (NASDAQ: TCBI) to Neutral. “In addition to a valuation more in-line with Texas peers on both earnings prospects and tangible book value, we note our estimates are no longer significantly above consensus expectations,”...
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Portfolio Recovery Expands Credit - Analyst Blog
Thursday, December 23, 2010 - 5:03pm | 611Yesterday, Portfolio Recovery Associates Inc. (PRAA) announced the expansion of its credit facility to $407.5 million from $365 million, according to the new four-year credit agreement effective December 20, 2010. The revolving credit is part of the existing credit facility of $365 million was...
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Portfolio Recovery Expands Credit - Analyst Blog
Thursday, December 23, 2010 - 4:13pm | 611Yesterday, Portfolio Recovery Associates Inc. (PRAA) announced the expansion of its credit facility to $407.5 million from $365 million, according to the new four-year credit agreement effective December 20, 2010. The revolving credit is part of the existing credit facility of $365 million was...
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A Happy New Year for U.S. Economy? - Analyst Blog
Thursday, December 23, 2010 - 2:36pm | 1353We are counting down to the New Year with about 9.8% of the population unemployed, 18% underemployed and a continuously worsening budget deficit. But mainstream economists appear upbeat about the year ahead, with increased expectations for the economy as the recently passed tax-cut extension bill...