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Nile Therapeutics Heart Drug Passes Phase 2 - Analyst Blog
Tuesday, November 2, 2010 - 2:33pm | 817Written By, Jason Napodano, CFA This morning, Nile Therapeutics (NLTX) announced that its lead compound, CD-NP, successfully completed a phase 2a study in patients with acute decompensated heart failure (ADHF) and mild to moderate renal insufficiency. As a reminder, in July 2010, Nile...
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M&T Secures Wilmington Trust - Analyst Blog
Tuesday, November 2, 2010 - 11:00am | 741M&T Bank Corporation (MTB) has agreed to buy Wilmington Trust Corporation (WL) in a stock-for-stock transaction valued at around $351 million. The deal, which is expected to close by mid-year 2011, would add 48 branch locations in Delaware and 225 ATMs to M&T Bank's network and result in...
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M&T Bank Corp. To Acquire Wilmington Trust
Tuesday, November 2, 2010 - 10:17am | 132M&T Bank (NYSE MTB) announced that it will acquire Wilmington Trust (NYSE: WL) in a stock-for-stock transaction that values WL at just $351 million. The transaction is expected to close mid-2011. The combination will add roughly 9% to MTB's 2012 EPS and increase its mid-Atlantic density. It...
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BNC Bancorp Reports Third Quarter EPS of $.01
Tuesday, November 2, 2010 - 10:12am | 52BNC Bancorp (Nasdaq: BNCN) reported net income available to common shareholders for the third quarter ended September 30, 2010 was $69,000, or $0.01 per diluted share, compared to $1.5 million, or $0.20 per diluted share, for the same 2009 quarter and $11.2 million, or $1.45 per diluted share, for...
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Wilmington Plummets; to be Acquired - Analyst Blog
Tuesday, November 2, 2010 - 9:35am | 837Wilmington Trust Corporation (WL) reported a third quarter 2010 loss of $369.9 million or $4.06 per share compared with $120.9 million or $1.33 per share in the prior quarter and $10.4 million or 15 cents per share in the year-ago quarter. The results substantially lagged behind the Zacks...
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Fauquier Bankshares Announces Third Quarter EPS of $.27
Tuesday, November 2, 2010 - 9:33am | 93Fauquier Bankshares, Inc. (Nasdaq: FBSS) today announced financial results for the quarter and the nine months ended September 30, 2010. Net income for the quarter was $982,000, and diluted earnings per share were $0.27, representing an increase of 2.8% in comparison to net income of $956,000 and...
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Premier Financial Bancorp, Inc. Reports Third Quarter EPS of $.70
Tuesday, November 2, 2010 - 8:51am | 154Premier Financial Bancorp (Nasdaq: PFBI) announced its financial results for the third quarter of 2010. Premier realized income of $2,105,000 (22 cents per diluted share) during the quarter ending September 30, 2010, a 40.1% increase from the $1,502,000 of net income reported for the third...
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Central Pacific Financial Corp. Reports Third Quarter EPS of $(2.64)
Tuesday, November 2, 2010 - 8:16am | 157Central Pacific Financial Corp. (NYSE: CPF) today reported a net loss for the third quarter of 2010 of $72.5 million, or $2.46 per diluted share, compared to a net loss of $183.1 million, or $6.38 per diluted share in the third quarter of 2009 and a net loss of $16.1 million, or $0.60 per diluted...
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Priced Into the Market 11-01-2010
Monday, November 1, 2010 - 3:05pm | 988Cusick's Corner Over the weekend a customer asked me, “What do you mean that the Fed quantitative easing, earnings/economic data and the elections are already priced into the market?” I told him to take a look at a SPY chart (the ETF that tracks the S&P 500) and see how the market ran from 112...
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Jacksonville Bancorp, Inc. and Atlantic BancGroup, Inc. Announce Receipt of Merger Approvals
Monday, November 1, 2010 - 1:02pm | 144Jacksonville Bancorp, Inc. (Nasdaq: JAXB) and Atlantic BancGroup, Inc. (Nasdaq: ATBC) today announced that they have received all required regulatory approvals necessary to authorize the previously announced merger of ATBC into JAXB and the merger of Oceanside Bank into The Jacksonville Bank....
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IBC Reports Strong EPS of $.45
Monday, November 1, 2010 - 12:50pm | 201International Bancshares Corporation (NASDAQ: IBOC) today reported net income of $33.5 million for the three months ended September 30, 2010, a decrease of 9.5 percent as compared to $37.0 million for the same period in 2009, prior to amounts related to participation in the TARP program, including...
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Wunderlich Securities Raises WCA Waste Corporation Price Target
Monday, November 1, 2010 - 10:22am | 132Wunderlich Securities said that it maintains its Hold rating on WCA Waste Corporation (NASDAQ: WCAA). At the same time, Wunderlich Securities is raising its price target to $5 from $4.50. “WCAA's 3Q results were below expectations but showed a return of pricing growth. WCAA appears on track to meet...
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Wunderlich Securities Lowers Washington Banking Company Price Target
Monday, November 1, 2010 - 10:12am | 106In a report released this morning, Wunderlich Securities said that it maintains its Buy rating on shares of Washington Banking Company (NASDAQ: WBCO). However, the company is lowering its price target to $16 from $18 “WBCO reported 3Q10 operating EPS of $0.86, outpacing consensus and our estimate...
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Peapack-Gladstone Financial Corporation Reports Third Quarter EPS of $.18
Monday, November 1, 2010 - 9:23am | 112Peapack-Gladstone Financial Corporation (NASDAQ: PGC) recorded net income of $1.9 million and diluted earnings per share of $0.18, for the quarter ended September 30, 2010. This compared to diluted earnings per share of $0.10 for the quarter ended September 30, 2009 and diluted earnings per share...
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Wilmington Trust Diving On Take Under (WL)
Monday, November 1, 2010 - 9:22am | 105Wilmington Trust Corporation (NYSE: WL) is down substantially this morning, dropping 44% after M&T Bank (NYSE: MTB) said it pay $3.84 per share for the company, payable in stock. Wilmington Trust CEO Donald Foley said the lender continues to "face difficult financial realities associated with...