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UPDATE: Keefe Bruyette & Woods Upgrades Renasant Corporation to Outperform
Wednesday, July 20, 2011 - 9:06am | 108Keefe, Bruyette & Woods has published a report on Renasant Corporation (NASDAQ: RNST) upgrading the rating to Outperform. In the report, Keefe, Bruyette & Woods wrote, "RNST beat our estimate and the Street in 2Q11 in a quarter with improving credit quality and improving PTPP ROA. NPAs...
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Evercore Partners Comments on KeyCorp
Wednesday, July 20, 2011 - 8:27am | 100Evercore Partners has published a report on KeyCorp (NYSE: KEY). In the report, Evercore Partners wrote, "Overall, mixed results driven by strong credit, lower expenses, but top line lower than expected with spread revenue down 22.5% LQA due to lower earning assets and 6 bps of NIM compression....
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RBC Capital Upgrades KeyCorp to Outperform, $10 PT
Wednesday, July 20, 2011 - 8:08am | 24RBC Capital has upgraded KeyCorp (NYSE: KEY) from Sector Perform to Outperform with a $10 price target.
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KBW Reiterates Outperform and PT of $60 on Westamerica Bancorp
Wednesday, July 20, 2011 - 8:06am | 42KBW reiterated its Outperform rating on Westamerica Bancorp (NASDAQ: WABC). At the same time, the rating agency left its price target on the company's stock unchanged at $60. On Tuesday, WABC closed the day at $47.40.
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KBW Reiterates Market Perform and PT of $9 on KeyCorp
Wednesday, July 20, 2011 - 8:04am | 55KBW reiterated its Market Perform rating on KeyCorp (NYSE: KEY). At the same time, the rating agency left its price target on the company's stock unchanged at $9. On Tuesday, KEY closed the day at $8.06. Its shares added 1.24% to their value in today's pre-market trading to stand around $8.16.
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Tompkins Financial Corporation Increases Dividend by 5.9% to $0.36
Wednesday, July 20, 2011 - 8:01am | 57Tompkins Financial Corporation (NYSE: TMP) announced today that its Board of Directors approved payment of a regular quarterly cash dividend of $0.36 per share, payable on August 15, 2011, to common shareholders of record on August 5, 2011. The current dividend represents a 5.9% increase over the...
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KBW Reiterates Market Perform on Mercantile Bank, Raises PT to $9.50
Wednesday, July 20, 2011 - 8:01am | 42KBW reiterated its Market Perform rating on Mercantile Bank (NASDAQ: MBWM). At the same time, the rating agency raised its price target on the company's stock to $9.50. On Tuesday, MBWM closed the day at $9.58.
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Jefferies Maintains Hold on KeyCorp
Wednesday, July 20, 2011 - 7:53am | 111Jefferies is out with its report today on KeyCorp (NYSE: KEY), maintaining Hold. In a note to clients, Jefferies writes, "Operating trends were generally inline with our expectations, and we make no change to the forward pre-provision run rate or outer-year EPS estimates. Our '11 estimate...
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Jefferies Comments On Fulton 2Q
Wednesday, July 20, 2011 - 6:53am | 73According to Jefferies, Fulton Financial (NASDAQ: FULT) reported GAAP EPS of $0.18 beating consensus by a penny. Jefferies said that pre-tax, preprovision income got a decent pop from strength in core fees and continued cost controls, but continued loan shrinkage and slowly improving credit...
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UPDATE: PNC Reports 14% Increase In Q2 Net Profit
Wednesday, July 20, 2011 - 6:06am | 71PNC Financial Services Group Inc (NYSE: PNC) reported a 14% rise in its Q2 net profit. PNC's quarterly net profit surged to $912 million, from $803 million in the year-ago period. The group's earnings per share climbed to $1.67 from $1.47 in the year-earlier period. Its revenue declined 7.9% to $...
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Earnings Scheduled For July 20
Wednesday, July 20, 2011 - 1:59am | 502Altria Group Inc (NYSE: MO) is expected to report its Q2 EPS at $0.53 on revenue of $4.43 billion. QUALCOMM Incorporated (NASDAQ: QCOM) is projected to report its Q3 EPS at $0.71 on revenue of $3.59 billion. eBay Inc (NASDAQ: EBAY)is projected to report its Q2 EPS at $0.46 on revenue of $2.61...
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Top 4 Small-Cap Stocks In The Regional-Southwest Banks Industry With The Highest EPS
Wednesday, July 20, 2011 - 12:30am | 137Below are the top small-cap regional-southwest banks stocks on the NYSE and the NASDAQ in terms of earnings per share. The trailing-twelve-month earnings per share at BancFirst Corporation (NASDAQ: BANF) is $2.82. BANF's PEG ratio is 1.66. The trailing-twelve-month earnings per share at UMB...
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Mad Money Lightning Round: Cramer Likes International Paper
Wednesday, July 20, 2011 - 12:24am | 216On CNBC's Mad Money, Jim Cramer said during the Lightning Round that UGI Corp (NYSE: UGI) is “another local stock to me. That is a terrific little company and I'm a buyer." He said that AFLAC (NYSE: AFL) is “one of the few insurers I don't want to own. I don't like their portfolio." For Advance...
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Bar Harbor Bankshares Increases Quarterly Dividend by 1.8% to $0.275
Tuesday, July 19, 2011 - 3:42pm | 77Bar Harbor Bankshares (NYSE: BHB), today announced that its Board of Directors declared a quarterly cash dividend of 27.5 cents per share of common stock, representing an increase of 0.5 cents or 1.8% from prior quarter, and an increase of 1.5 cents or 5.8% compared with the third quarter of 2010...
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Westamerica Banc Reports EPS of $0.74 vs. $0.78 Est
Tuesday, July 19, 2011 - 10:47am | 368Westamerica Bancorporation (Nasdaq: WABC), parent company of Westamerica Bank, today reported net income for the second quarter of 2011 of $21.3 million and diluted earnings per common share of $0.74. Second quarter 2011 results include accruals for estimated settlement costs equivalent to $0.04...