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Hanmi Financial Corporation Misses Expectations
Monday, November 1, 2010 - 8:16am | 86Hanmi Financial Corporation's (NASDAQ: HAFC) 3Q10 net loss of $14.6mm “missed our expectations, which were for a loss of $10.3mm,” Keefe, Bruyette & Woods reports. Problem credit reduction is still a primary focus of management, and loans and deposits are shrinking. “But, we also think that...
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Keefe, Bruyette & Woods Updates Preferred Bank Estimates
Monday, November 1, 2010 - 8:13am | 90Preferred Bank's (NASDAQ: PFBC) 3Q10 results missed expectations due to higher-than-expected provision expense, offset in part by operating expense improvement., Keefe, Bruyette & Woods reports. “[We're] updating [our] estimates, [and] leaving PT unchanged,” Keefe, Bruyette & Woods writes...
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Wilmington Trust Announces Third Quarter EPS of $(4.06)
Monday, November 1, 2010 - 8:05am | 98Wilmington Trust Corporation (NYSE: WL) reported a loss of $365.3 million for the 2010 third quarter. After dividends and accretion on preferred stock, the net loss available to common shareholders was $369.9 million, or $4.06 per share. The primary causes of the loss were: Continued...
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Mad Money Lightning Round OT: Cramer Likes Auto Parts Companies (NYB, BBT, USB, WFC, JPM, TRW, IMAX)
Friday, October 29, 2010 - 11:21pm | 268Jim Cramer said on CNBC's Mad Money Lightning Round OT that he likes New York Community Bancorp, Inc. (NYSE: NYB). He believes that this stock has a great dividend yield. Cramer doesn't see any problems with NYB, except that it is a bank, and everybody hates banks. New York Community Bancorp, Inc...
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C&F Financial Corporation Announces Third Quarter EPS of $.74
Friday, October 29, 2010 - 1:53pm | 218C&F Financial Corporation (Nasdaq: CFFI), the one-bank holding company for C&F Bank, today reported net income of $2.59 million for the third quarter of 2010, compared with $1.66 million for the third quarter of 2009. Net income available to common shareholders for the third quarter of...
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Wunderlich Securities Reiterates Buy Rating And $40 PT On Waste Management
Friday, October 29, 2010 - 10:57am | 108Wunderlich Securities is reiterating its Buy rating and $40 target on shares of Waste Management, Inc. (NYSE: WM). “Start with a reaffirmed free cash flow (FCF) target of $1.2B,” Wunderlich Securities writes. “Frame that against 4Q10 earnings guidance of $0.54 to $0.56; mushy volume trends at the...
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Commerce Bancshares, Inc. Declares 5% Stock Dividend
Friday, October 29, 2010 - 10:40am | 93Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors approved a 5 percent stock dividend payable on December 20, 2010 to shareholders of record at the close of business on December 6, 2010. The Board of Directors also declared a regular quarterly dividend of $0.235...
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Wunderlich Securities Lowers Old Republic International EPS Following 3Q Loss
Friday, October 29, 2010 - 10:35am | 150Old Republic International Corp. (NYSE: ORI) reported a 3Q10 loss of $0.17 compared to a loss of $0.05 a year ago due to a spike in Consumer Credit Indemnity (CCI) and Mortgage Insurance (MI) claims, Wunderlich Securities reports. “The increase in claims was due to a catch-up in claim validations...
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Wunderlich Securities Maintains Columbia Banking System Rating And PT
Friday, October 29, 2010 - 10:04am | 102In a report released this morning, Wunderlich Securities said that it is maintaining its Buy rating on shares of Columbia Banking System, Inc. (NASDAQ: COLB). The company also maintains its $21 price target. “COLB reported 3Q EPS of $0.06, which was a penny more than consensus and a penny light of...
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Keefe, Bruyette & Woods Raises East West Bancorp Estimates; Maintains Outperform Rating
Friday, October 29, 2010 - 8:37am | 86Following a solid quarter in which East West Bancorp, Inc. (NASDAQ: EWBC) demonstrated strong C&I loan growth and improved earnings visibility, Keefe, Bruyette & Woods is raising its earnings estimates and price target, and is reiterating its Outperform rating. “In the near term, earnings...
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Zacks #1 Rank Additions for Friday - Tale of the Tape
Friday, October 29, 2010 - 8:33am | 344Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: American Natl BankShares Inc (AMNB) American Supercon Corp (AMSC) Ametek Inc (AME) Baldor Electric Co (BEZ) Banco Santander ADR (SAN) View the entire Zacks #1 Rank List. AMETEK INC (AME): Free Stock Analysis Report AMER NATL...
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Zacks #1 Rank Additions for Thursday - Tale of the Tape
Thursday, October 28, 2010 - 1:03pm | 344Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Affiliated Managers Group Inc (AMG) Assured Guaranty Ltd (AGO) Banco Bradesco SA ADR (BBD) Bridge Capital Holdings (BBNK) Coach Inc (COH) View the entire Zacks #1 Rank List. ASSURED GUARNTY (AGO): Free Stock Analysis Report ...
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BOK Financial Tops Estimates - Analyst Blog
Thursday, October 28, 2010 - 1:03pm | 567BOK Financial Corporation's (BOKF) third quarter earnings of $64.3 million or 94 cents per share were well above the Zacks Consensus Estimate of 85 cents. The results also compared favorably with prior quarter earnings of $63.5 million or 93 cents and prior-year quarter earnings of $50.7 million...
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FBR Capital Changes SYMC, AKAM, PNR, OMCL And NARA Price Targets
Thursday, October 28, 2010 - 12:55pm | 77FBR Capital is changing the price targets of the following companies: Symantec (NASDAQ: SYMC) $15 to $16 Akamai Technologies, Inc. (NASDAQ: AKAM) $36 to $46 Pentair, Inc. (NYSE: PNR) $40 to $38 Omnicell, Inc. (NASDAQ: OMCL) $10 to $11 Nara Bancorp, Inc. (NASDAQ: NARA) $8 to $9
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Westamerica Bancorporation Declares Quarterly Cash Dividend of $.36
Thursday, October 28, 2010 - 12:11pm | 46The Board of Directors of Westamerica Bancorporation (NASDAQ: WABC) today declared a quarterly cash dividend of $0.36 per share on common stock outstanding to shareholders of record at the close of business on November 8, 2010. The dividend is payable November 19, 2010.