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Stifel Nicolaus Downgrades Bank of the Ozarks To Hold, Removes PT
Friday, July 15, 2011 - 7:02am | 28Stifel Nicolaus has downgraded Bank of the Ozarks (NASDAQ: OZRK) from Buy to Hold and has removed its $52 price target.
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UPDATE: First Horizon National Reports Upbeat Q2 Profit
Friday, July 15, 2011 - 6:47am | 88First Horizon National Corp (NYSE: FHN) reported a strong year-over-year rise in its second-quarter profit. First Horizon reported its quarterly profit at $42.6 million, or $0.16 per share, up from $17.6 million, in the year-ago period. Revenue dropped 15% to $361.6 million. Analysts were...
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US Stock Futures Slightly Up; Google Shares Surge In Pre-Market
Friday, July 15, 2011 - 5:25am | 348US stock futures are slightly higher this morning, after Google Inc (NASDAQ: GOOG) reported upbeat Q2 results. Standard & Poor's puts the US credit rating on review for a possible downgrade. Futures on the Dow Jones Industrial Average surged 32 points to 12,414.00 and futures on the S&P 500...
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ValuEngine Issues Strong Sell on Shore Bancshares
Friday, July 15, 2011 - 4:58am | 31ValuEngine issued a Strong Sell rating on Shore Bancshares (NASDAQ: SHBI). On Thursday, SHBI added 0.29% to its value to finish the day at 46.89.
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Earnings Scheduled For July 15
Friday, July 15, 2011 - 2:59am | 122First Horizon National Corp (NYSE: FHN) is expected to report its Q2 EPS at $0.11 on revenue of $364.74 million. Mattel Inc (NASDAQ: MAT) to report its Q2 earnings at $0.16 per share on revenue of $1.11 billion. Webster Financial Corporation (NYSE: WBS) is estimated to report its Q2 EPS at $0.35...
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Center Bancorp, Inc. Reports Resignation of Board Member
Thursday, July 14, 2011 - 3:32pm | 107Center Bancorp, Inc. (Nasdaq: CNBC) announced today that Phyllis Klein has resigned from the Boards of Directors of the Company and the Bank, effective July 8, 2011. At the time of her resignation, Ms. Klein served as a member of each of the Compensation, Audit, Nominating and the Executive...
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Hampton Roads Bankshares Announces Agreement to Sell Seven North Carolina Branches to ECB Bancorp
Thursday, July 14, 2011 - 3:07pm | 125Hampton Roads Bankshares, Inc. (Nasdaq: HMPR) today announced that Bank of Hampton Roads has entered into a definitive agreement with The East Carolina Bank, the wholly-owned subsidiary of ECB Bancorp, Inc. (Nasdaq: ECBE). Under the Agreement, The East Carolina Bank will purchase all deposits and...
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What's Government Good for Anyway?
Thursday, July 14, 2011 - 1:09pm | 520Minnesota's state shutdown has crimped plans by many to travel to the land of 10,000 lakes. In addition to simply impacting state workers in the area, it appears that the shrunken government will also hurt anyone who needs help from the state's government. Parks and rest stops are closed according...
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Wunderlich Securities Maintains Bank of the Ozarks Buy, $57 PT
Thursday, July 14, 2011 - 12:12pm | 116Wunderlich Securities maintained its Bank of the Ozarks (NASDAQ: OZRK) Buy rating and $57 price target in a research report published today. In the report, Wunderlich Securities states, "We maintain our Buy rating on Bank of the Ozarks (OZRK) and our $57 target. OZRK reported 2Q11 EPS of $2.91 ($0...
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NASDAQ Stocks Hitting 52-Week Lows
Thursday, July 14, 2011 - 9:27am | 143Cogo Group Inc (NASDAQ: COGO) shares fell 2.78% to create a new 52-week low of $4.55. COGO is scheduled to report its Q2 results on August 4. Commonwealth Bankshares Inc (NASDAQ: CWBS) shares dropped 11.22% to create a new 52-week low of $0.37. CWBS shares have dropped 78.68% over the past 52...
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Morning Market Losers
Thursday, July 14, 2011 - 8:59am | 107Coffee Holding Co Inc (NASDAQ: JVA) dipped 10.07% to $20.73 at 9:55 am. JVA shares have jumped 363.45% over the past 52 weeks, while the S&P 500 index has gained 20.32% in the same period. SMF Energy Corporation (NASDAQ: FUEL) shares dropped 8.64% to $1.48. FUEL had $109.00 thousand in total...
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Morning Market Movers
Thursday, July 14, 2011 - 8:51am | 91Shengkai Innovations Inc (NASDAQ: VALV) climbed 26.34% to $2.59 at 9:46 am. VALV's trailing-twelve-month ROE is 172.33%. NB&T Financial Group Inc (NASDAQ: NBTF) shares gained 19.79% to $23.00. NBTF's trailing-twelve-month operating margin is 24.01%. Frequency Electronics Inc (NASDAQ: FEIM)...
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Sterne Agee Reiterates Neutral on Bank of the Ozarks
Thursday, July 14, 2011 - 8:33am | 49Sterne Agee reiterated its Neutral rating on Bank of the Ozarks (NASDAQ: OZRK). At the moment, the rating agency does not have a price target placed on the company's stock. In today's trading, OZRK lost 0.58% of its value to trade around $52.89.
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Rodman & Renshaw Reiterates Market Outperform and PT of $54 on Bank of the Ozarks
Thursday, July 14, 2011 - 7:02am | 69Rodman & Renshaw reiterated its Market Outperform rating on Bank of the Ozarks (NASDAQ: OZRK). At the same time, the rating agency left its price target on the company's stock unchanged at $54, after the company reported strong Q2 results. On Wednesday, OZRK added 2.35% to its value to end the...
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Top 4 Mid-Cap Stocks In The Money Center Banks Industry With The Lowest PEG Ratio
Thursday, July 14, 2011 - 1:56am | 108Below are the top mid-cap money center banks stocks on the NYSE and the NASDAQ in terms of PEG ratio Credicorp Ltd (NYSE: BAP) has a PEG ratio of 0.35. BAP's trailing-twelve-month operating margin is 42.76%. KeyCorp (NYSE: KEY) has a PEG ratio of 0.63. KEY's trailing-twelve-month revenue is $4.26...