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Earnings Scheduled For July 14
Thursday, July 14, 2011 - 1:22am | 232AngioDynamics Inc (NASDAQ: ANGO) is expected to report its Q4 EPS at $0.10 on revenue of $56.96 million. Fairchild Semiconductor International Inc (NYSE: FCS) is estimated to report its Q2 earnings at $0.40 per share on revenue of $430.27 million. Nexen Inc (NYSE: NXY) is projected to report its...
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Park Sterling Corporation and Community Capital Corporation Receive Regulatory Approval to Merge
Wednesday, July 13, 2011 - 3:30pm | 76Park Sterling Corporation (NASDAQ: PSTB), the holding company for Park Sterling Bank, and Community Capital Corporation (NASDAQ: CPBK), the holding company for CapitalBank, today announced that their proposed merger has been approved by the Federal Reserve Bank of Richmond and the South Carolina...
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Berkshire Hills and Legacy to Divest Four Legacy Banks Branches to NBT Bank
Wednesday, July 13, 2011 - 3:06pm | 175Berkshire Hills Bancorp, Inc. (NASDAQ: BHLB) and Legacy Banks, the banking subsidiary of Legacy Bancorp, Inc. (NASDAQ: LEGC) have entered into an agreement to sell four Legacy Banks branches in Berkshire County to NBT Bank, N.A., the banking subsidiary of NBT Bancorp Inc. (NASDAQ: NBTB). The...
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M&T Bank Earnings Preview: Revenue, Earnings Expected to Fall from Previous Quarter
Wednesday, July 13, 2011 - 11:08am | 468M&T Bank (NYSE: MTB) earnings are coming up! Don't miss out: The company unveils its next round of earnings this Monday, July 18, 2011. Want to get caught up before Monday's earnings release? We've got just what you need. Here is your everything-that-matters guide to M&T Bank's second...
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Morning Market Losers
Wednesday, July 13, 2011 - 9:10am | 105Transcept Pharmaceuticals Inc (NASDAQ: TSPT) dipped 40.98% to $5.07 at 10:05 am. TSPT reported that it expects a second rejection letter from the US Food and Drug Administration. Bank of the Carolinas Corporation (NASDAQ: BCAR) fell 12.96% to $1.44. BCAR'S trailing-twelve-month profit margin is -...
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M&T Bank Signs Letter of Intent to Buy Data Center in Amherst
Wednesday, July 13, 2011 - 8:48am | 119M&T Bank (NYSE: MTB) announced today that it has signed a letter of intent to purchase a building on Park Club Lane in the Town of Amherst, New York formerly operated as a data center by HSBC. M&T Bank plans to convert the 59,280 square foot building into its primary data center, then...
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Lake City Bank Announces Election of Brian J. Smith to Board
Wednesday, July 13, 2011 - 7:00am | 32Lakeland Financial Corporation (Nasdaq: LKFN) and Lake City Bank, today announced that Brian J. Smith has been appointed to their respective Boards of Directors.
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KBW Maintains Market Perform on Home Bancshares
Wednesday, July 13, 2011 - 6:50am | 111KBW is out with its report today on Home Bancshares (NASDAQ: HOMB), maintaining Market Perform. In a note to clients, KBW writes, "HOMB announced that it has redeemed TARP without a dilutive capital raise. We were modeling for the company to redeem TARP in 4Q11 so we are tweaking our 2011 EPS...
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KBW Assumes Coverage on First Financial Bankshares at Market Perform.
Wednesday, July 13, 2011 - 6:46am | 106KBW is out with its report today on First Financial Bankshares (NASDAQ: FFIN), assuming coverage on FFIN at Market Perform. In a note to clients, KBW writes, "We are assuming coverage of First Financial Bankshares, Inc. with a Market Perform rating and $32 12-month price target. First Financial is...
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UPDATE: KBW Initiates Washington Banking at Outperform
Wednesday, July 13, 2011 - 6:41am | 68KBW is out with its report today on Washington Banking (NASDAQ: WBCO), initiating WBCO at Outperform. In a note to clients, KBW writes, "We are initiating coverage of shares of WBCO with an Outperform rating and a one-year price target of $17. We are establishing 2011, 2012, and 2013 EPS estimates...
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Earnings Scheduled For July 13
Wednesday, July 13, 2011 - 2:04am | 127Marriot International (NYSE: MAR) is projected to report its Q2 EPS at $0.37 on revenue of $3.02 billion. ASML Holding NV (NASDAQ: ASML) is expected to report its Q2 EPS at $1.33 on revenue of $2.13 billion. Yum! Brands Inc (NYSE: YUM) is projected to report its Q2 EPS at $0.61 on revenue of $2....
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Century Bancorp Reauthorizes Stock Repurchase Program of 300K Shares
Tuesday, July 12, 2011 - 3:45pm | 84Century Bancorp Inc. (NASDAQ: CNBKA) announced today that its Board of Directors has approved a reauthorization of the stock repurchase program. Under the program, the Company is reauthorized to repurchase up to 300,000 or less than 9% of Century Bancorp Class A Common Stock outstanding. This...
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BancFirst Corporation Announces Acquisition of FBC Financial Corporation
Tuesday, July 12, 2011 - 12:39pm | 97BancFirst Corporation (NASDAQ: BANF) today announced that it has completed the previously announced acquisition of FBC Financial Corporation and its subsidiary bank, 1st Bank Oklahoma with banking locations in Claremore, Verdigris, Tulsa and Inola, Oklahoma. 1st Bank Oklahoma has approximately $256...
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Tuesday's Put/Call Ratio Leaders
Tuesday, July 12, 2011 - 11:12am | 76Here are today's Put/Call Ratio leaders… 1. Quest Diagnostics (NYSE: DGX) 2,541 puts, 21 call 2. KeyCorp (NYSE: KEY) 10,901 puts, 90 calls 3. Warner Chilcott (NASDAQ: WCRX) 2,590 puts, 22 calls 4. Ralcorp Holdings (NYSE: RAH) 3,188 puts, 35 calls 5. China Unicom (NYSE: CHU) 2,551 puts, 55 calls
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Benzinga's Volume Movers
Tuesday, July 12, 2011 - 9:29am | 164Radiant Systems Inc (NASDAQ: RADS) shares surged 30.72% to $28.04 at 10:28 am. The volume of RADS shares traded was 24110% higher than normal. NCR Corp agreed to buy RADS for $1.2 billion in cash. Clean Energy Fuels Corp (NASDAQ: CLNE) shares moved up 13.72% to $14.92. The volume of CLNE shares...