-
Standpoint Research Initiates Prosperity Bank At Accumulate (PRSP)
Wednesday, December 8, 2010 - 3:37pm | 73Standpoint Research has initiated coverage of Prosperity Bank (NASDAQ: PRSP) at Accumulate with a $45 price target. Accumulate is the firm's second highest rating. Standpoint analyst Ronnie Moas wrote, "because of the recent share price move, we can only attach our second-highest ranking to this...
-
Options Brief: Zions Bancorporation (ZION)
Wednesday, December 8, 2010 - 1:05pm | 93Shares of Zions Bancorporation (NASDAQ: ZION) are higher on the session by 4.23%, trading at $22.18. Overall put volume is now running at 3.82x the daily average, with 53% of all puts traded being purchases on the offer. 6,453 contracts have traded on the session so far. Zions Bancorporation is a...
-
Top Performing Industries For December 8 (PBCE, AIB, RF, EDUC)
Wednesday, December 8, 2010 - 11:17am | 204At 10:15 am, the Dow gained 0.08% to 11,368.20, the broader Standard & Poor's 500 index moved up 0.07% to 1,224.56 and the NASDAQ composite index rose 0.12% to 2,601.68. The industries that are supporting the market today are: Regional - Mid-Atlantic Banks: This industry jumped 1.40% by 10:15...
-
Oppenheimer Maintains Outperform on Western Alliance Bancorporation (WAL)
Wednesday, December 8, 2010 - 10:07am | 110Oppenheimer maintains its Outperform rating on Western Alliance Bancorporation (NYSE: WAL) as it expects another quarter of growth. In a note to clients, Oppenheimer writes, "Western Alliance remains one of our top small-cap bank ideas, with a price target of $8.50. We expect to see another quarter...
-
Whitney Holding Downgraded to Hold at Wunderlich
Wednesday, December 8, 2010 - 9:02am | 20Whitney Holding (NASDAQ: WTNY) is downgraded to Hold at Wunderlich, price target $10
-
Banks Are Opening Up Their Coffers
Wednesday, December 8, 2010 - 6:42am | 486Fellow bank stock investors, we are finally about to be rewarded for our patience over the last year and a half. Banks are about to start paying cash back to shareholders.The big banks are going to raise their dividends starting in 2011.
-
WFSL Lowered to Underperform - Analyst Blog
Tuesday, December 7, 2010 - 9:15pm | 549We have recently downgraded our recommendation on Washington Federal Inc. (WFSL) to Underperform from Neutral based on its sizable exposure to risky loan portfolios and rising costs. Washington Federal's fiscal fourth-quarter 2010 earnings missed the Zacks Consensus Estimate by a nickel....
-
WFSL Lowered to Underperform - Analyst Blog
Tuesday, December 7, 2010 - 6:58pm | 549We have recently downgraded our recommendation on Washington Federal Inc. (WFSL) to Underperform from Neutral based on its sizable exposure to risky loan portfolios and rising costs. Washington Federal's fiscal fourth-quarter 2010 earnings missed the Zacks Consensus Estimate by a nickel....
-
Regions Announces Appointment of Matthew Lusco as Chief Risk Officer
Tuesday, December 7, 2010 - 5:30pm | 39Regions Financial Corporation (NYSE: RF) today announced that it has named Matthew Lusco, 53, as senior executive vice president and chief risk officer. Lusco will join the company in early 2011 from KPMG.
-
Federal Reserve's Bailout of the Rich and Well-Connected
Tuesday, December 7, 2010 - 2:20pm | 202The conflicts of interest and policy controversies in the Federal Reserve's bailout of the financial system now include helping out millionaires, billionaires, foreign automakers, and companies whose executives sit on the board of directors of the U.S. central bank. General Electric (NYSE: GE),...
-
Options Brief: Popular, Inc. (BPOP)
Tuesday, December 7, 2010 - 11:51am | 93Shares of Popular, Inc. (NASDAQ: BPOP) are higher on the session by 1.00%, trading at $2.92. Overall put volume is now running at 3.90x the daily average, with 7% of all puts traded being purchases on the offer. 2,145 contracts have traded on the session so far. Popular, Inc. is a diversified,...
-
Bears Banking at Fifth Third Bancorp (FITB)
Tuesday, December 7, 2010 - 11:10am | 121Shares of Fifth Third Bancorp (NASDAQ: FITB) are lower on the session by 0.54%, currently trading at $12.95. The stock has been moving largely higher over the past four months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today....
-
Wintrust Financial Announces Public Offering For 3.2M Shares Of Commont Stock
Tuesday, December 7, 2010 - 8:51am | 57Wintrust Financial Corporation (NASDAQ: WTFC) announced that it commenced a public offering for 3.2M shares of its common stock. KBW estimates the index impacts of this pending offering on WTFC in both the S&P 600 and Russell 2000 Indexes. WTFC closed Monday at $32.23 and is down almost 7% in...
-
Stocks Going Ex Dividend the Third Week of December
Tuesday, December 7, 2010 - 3:41am | 780Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...
-
Patriot National Bancorp Director Buys 50,000 Shares of PNBK
Monday, December 6, 2010 - 5:34pm | 52In a Form 4 filed earlier today, Patriot National Bancorp Inc. (NASDAQ: PNBK) Director, Michael Weinbaum, reported that he bought 50,000 shares of PNBK on December 3rd for an average price of $2.00. The transaction totaled $100,000. Mr. Weinbaum owns 50,000 direct shares of PNBK. Source: The...