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Wunderlich Lowers PT On First Horizon
Wednesday, December 15, 2010 - 8:02am | 24Wunderlich Securities has lowered the price target on First Horizon National Corp. (NYSE: FHN) from $16 to $15.
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FBR Capital Opens FULT With Outperform
Wednesday, December 15, 2010 - 7:00am | 51Analysts at FBR Capital initiate coverage of Fulton Financial Corp (NASDAQ: FULT) with an “outperform” rating. The target price for FULT is set to $12. FULT shares gained 0.53% to close at $9.51 yesterday. More Analyst Ratings here
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FBR Capital Initiates SUSQ With Outperform
Wednesday, December 15, 2010 - 6:57am | 49Analysts at FBR Capital initiate coverage of Susquehanna Bancshares Inc (NASDAQ: SUSQ) with an “outperform” rating. The target price for SUSQ is set to $10. SUSQ shares closed at $8.78 yesterday. More Analyst Ratings here
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First Bancorp Announces Dividend of $.08
Tuesday, December 14, 2010 - 5:33pm | 61The Board of Directors of First Bancorp (Nasdaq: FBNC), the parent company of First Bank, has declared a cash dividend on its common stock of $0.08 per share payable January 25, 2011 to shareholders of record as of December 31, 2010. The $0.08 per share dividend rate is the same as the rate...
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The Short Ratio - Screen of the Week
Tuesday, December 14, 2010 - 5:30pm | 238Kevin Matras looks at the 'short ratio' as a market sentiment indicator and shows how to use it for finding winning stocks. Highlighted stocks include CATY, CRR, FRED, SPTN and TXI. CATHAY GENL BCP (CATY): Free Stock Analysis Report CARBO CERAMICS (CRR): Free Stock Analysis Report FREDS INC (FRED...
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ECB Bancorp, Inc. Announces Fourth Quarter 2010 Dividend (ECBE)
Tuesday, December 14, 2010 - 4:58pm | 65ECB Bancorp, Inc. (Nasdaq: ECBE), the parent holding company of The East Carolina Bank, announced that on December 14, 2010, its Board of Directors declared a quarterly cash dividend of $0.07 per share, payable January 10, 2011 to shareholders of record on December 27, 2010. The announced Fourth...
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Regional Banks Plan TARP Repayment - Analyst Blog
Tuesday, December 14, 2010 - 4:03pm | 540Regional banks are gearing up to repay the bailout money received under the U.S. Government's Troubled Asset Relief Program (TARP). Yesterday, two regional U.S. banks – Huntington Bancshares Inc. (HBAN) and First Horizon National Corp. (FHN) announced their capital raise plans in this context. It...
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More Money For Us? (FITB, FHN)
Tuesday, December 14, 2010 - 4:01pm | 86There are rumors out today that the U.S. taxpayer may get some more money back tonight. One potential bank is Fifth Third Bancorp (NASDAQ: FITB), which is one of the few banks who haven't repaid TARP funds. First Horizon National Corp (NYSE: FHN) recently said it is selling debt and equity to pay...
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Regional Banks Plan TARP Repayment - Analyst Blog
Tuesday, December 14, 2010 - 3:26pm | 540Regional banks are gearing up to repay the bailout money received under the U.S. Government's Troubled Asset Relief Program (TARP). Yesterday, two regional U.S. banks – Huntington Bancshares Inc. (HBAN) and First Horizon National Corp. (FHN) announced their capital raise plans in this context. It...
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The Short Ratio - Screen of the Week
Tuesday, December 14, 2010 - 2:33pm | 238Kevin Matras looks at the 'short ratio' as a market sentiment indicator and shows how to use it for finding winning stocks. Highlighted stocks include CATY, CRR, FRED, SPTN and TXI. CATHAY GENL BCP (CATY): Free Stock Analysis Report CARBO CERAMICS (CRR): Free Stock Analysis Report FREDS INC (FRED...
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Afternoon Market Update
Tuesday, December 14, 2010 - 1:17pm | 132US energy stocks gained, with the NYSE Arca Oil Index (XOI) rising about 0.60%. The NYSE Arca Natural Gas Index (XNG) rose about 0.17%, while the Philadelphia Oil Service Index (OSX) moved up around 1.29%. Shares of Huntington Bancshares Inc (NASDAQ: HBAN) fell about 3% after the bank announced the...
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HBAN Completes $920 Million Equity Offering, KBW Reports
Tuesday, December 14, 2010 - 11:47am | 71On Monday, Huntington Bancshares Inc. (NASDAQ: HBAN) announced and completed a $920 million equity offering with proceeds expected to go to repaying its full $1.4 billion of TARP, KBW reports. “Following this announcement, we are raising our 2012 and 2013 estimates each by a nickel to $0.60/share...
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Puts Purchased on TCF Financial Corporation (TCB)
Tuesday, December 14, 2010 - 11:08am | 134Shares of TCF Financial Corporation (NYSE: TCB) are lower on the session by 0.07%, currently trading at $15.25. The stock has been moving largely lower over the past six months, though recently popped higher and is currently trading above the 50-day and 200-day moving averages. Options traders are...
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Huntington Bancshares Down On Share Offering
Tuesday, December 14, 2010 - 10:25am | 57Huntington Bancshares Incorporated (NASDAQ: HBAN) is down slightly this morning after the bank holding company reported it is selling $920 million worth of stock in a share offering. The offering is being priced at $6.30 per share. At last check, shares of Huntington Bancshares are off 7 cents to $...
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Huntington Bancshares Prices $920 Million Common Stock Offering (HBAN)
Tuesday, December 14, 2010 - 8:40am | 58Huntington Bancshares Incorporated (Nasdaq: HBAN) today announced that it priced an offering of 146,031,747 shares of its common stock at a price to the public of $6.30 per share, or $920.0 million in aggregate gross proceeds. Goldman, Sachs & Co. acted as bookrunning manager for the offering...