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Mackinac Financial Corporation Reports Third Quarter EPS of $.45
Friday, November 5, 2010 - 11:18am | 62Mackinac Financial Corporation (NASDAQ: MFNC) today announced a third quarter 2010 loss of $.104 million or $(.03) per share compared to net income of $1.536 million, or $.45 per share for the third quarter of 2009. Net income for the first nine months of 2010 totaled $.934 million, or $.27 per...
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Standpoint Research Initiates Coverage On PNC Financial
Friday, November 5, 2010 - 10:12am | 186Standpoint Research initiates coverage on PNC Financial (NYSE: PNC) with a Buy rating and $70 PT. PNC was the highest ranking regional bank in Standpoint's Q3 S&P-500 report according to its 155-variable computer model. The shares were trading at $61 at the time, but it withheld putting out a...
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Sterling Bancshares Looking Golden (SBIB)
Friday, November 5, 2010 - 10:04am | 159Shares of Sterling Bancshares (NASDAQ: SBIB) are rocketing higher this morning by 9.93%, currently trading at $5.98. The company announced yesterday, after the closing bell, that TAC Capital LLC is looking to nominate 5 individuals to its board. TAC Capital LLC is SBIB's largest shareholder, with...
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3 Companies That May Not Exist By The 2012 Elections
Thursday, November 4, 2010 - 9:35pm | 942We have just gotten through the 2010 election season. Now everyone is turning their attention to 2012. On that note, let's take a look at a few companies that I believe will not be alive during the next economic cycle. These companies are struggling to stay alive and their stock...
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3 Companies That May Not Exist By The 2012 Elections
Thursday, November 4, 2010 - 9:35pm | 960We have just gotten through the 2010 election season. Now everyone is turning their attention to 2012. On that note, let's take a look at a few companies that I believe will not be alive during the next election cycle. These companies are struggling to stay alive and their stock...
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Hawthorn Bancshares Declares Quarterly Dividend of $0.05
Thursday, November 4, 2010 - 4:13pm | 47Hawthorn Bancshares of Lee's Summit, MO (NASDAQ: HWBK) announced today that its Board of Directors approved a quarterly cash dividend of 5 cents per common share, payable January 1, 2011 to common shareholders of record at the close of business on December 15, 2010.
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Glen Burnie Bancorp Reports 3Q EPS of $.25
Thursday, November 4, 2010 - 1:55pm | 84Glen Burnie Bancorp (NASDAQ: GLBZ) today announced results for the third quarter. The company realized a net income of $689,000 or $0.25 basic earnings per share in the quarter ended September 30, 2010 compared to net income of $527,000 or $0.20 basic earnings per share for the same three month...
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Moody's Cuts Ratings of 10 Banks - Analyst Blog
Thursday, November 4, 2010 - 1:55pm | 1065Moody's Investors Service, the ratings arm of Moody's Corp. (MCO), has lowered the ratings of 10 banks earlier this week on lower expectations for governmental support for these banks. Banks Thumbed Down The banks whose ratings were downgraded are BB&T Corp. (BBT), Capital One Financial...
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AIB Completes Disposal of the M&T Shares at $77.50
Thursday, November 4, 2010 - 12:48pm | 90Allied Irish Banks, p.l.c. (NYSE: AIB) has completed the disposal of 26,700,000 shares of common stock of M&T Bank Corporation (NYSE: MTB) currently held by it. Following receipt of shareholder approval at AIB's Extraordinary General Meeting on 1 November 2010, the 26,700,000 contingent...
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Sterling Bancorp Declares Cash Dividend of $0.09
Thursday, November 4, 2010 - 12:16pm | 39Sterling Bancorp (NYSE: STL) today announced that the Company's Board of Directors has declared a cash dividend of $0.09 per common share, payable on December 30, 2010 to shareholders of record as of December 15, 2010.
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Capital Bank Soars On North American Financial Investment (CBKN)
Thursday, November 4, 2010 - 12:09pm | 58Shares of Capital Bank (NASDAQ: CBKN) are soaring on news that North American Financial will buy shares in the company at $2.55. The stake will eventually equate to around 58% of Capital Bank's outstanding stock. Capital Bank (CBKN) shares have surged 43.29% to $2.35 on the news.
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Peoples Bancorp Announces Third Quarter EPS of $.10
Thursday, November 4, 2010 - 12:02pm | 190Peoples Bancorp of North Carolina, Inc. (Nasdaq: PEBK) reported net earnings of $540,000 or $0.10 basic and diluted net earnings per share, before adjustment for preferred stock dividends and accretion, for the three months ended September 30, 2010 as compared to $300,000, or $0.05 basic and...
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North American Financial Holdings to Invest $181 Million in Capital Bank
Thursday, November 4, 2010 - 9:29am | 50Capital Bank Corporation (Nasdaq: CBKN) today announced that North American Financial Holdings, Inc. agreed to invest approximately $181 million in the Company through the purchase of the Company's common stock. The transaction will result in NAFH owning approximately 85% of the Company's common...
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Will The Sale Of BLK Impact EPS For PNC?
Thursday, November 4, 2010 - 8:17am | 150Deutsche Bank has published a research report on PNC Financial Services (NYSE: PNC) in anticipation of estimating the impact on EPS from the sale of BlackRock, Inc. (NYSE: BLK). In the report, Deutsche Bank writes "We estimate PNC will record a gain of about $200m pre-tax or $0.25 per share after-...
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Mad Money Lightning Round: Cramer Advises Investors To Hold DuPont (RDWR, DD, POT, OMC, GOOG, WFR, FHN, WFT, NOK, RFMD)
Thursday, November 4, 2010 - 4:01am | 262On CNBC's Mad Money, Jim Cramer said during the Lightning Round that let the shares of Radware (NASDAQ: RDWR) come down, “then pull the trigger." He advises the investors to hold DuPont (NYSE: DD), adding that “Don't give up on Potash (NYSE: POT), either." For Omnicom Group (NYSE: OMC), Jim said, "...