Regional Banks

Miller Tabak is reaffirming its Sell rating on shares of First Midwest Bancorp (NASDAQ: FMBI), and cut the price target to $10.09 on shares. In a note to clients, Miller Tabak writes, "Carrying a heavy over-3% "deadweight ratio" of non-performing assets to earning assets, as well as having the...

At 10:10 am, the Dow rose 0.44% to 11,986.54, the broader Standard & Poor's 500 index moved up 0.34% to 1,272.75 and the NASDAQ composite index gained 0.44% to 2,664.47. The industries that are driving the market today are: Catalog & Mail Order Houses: This industry jumped 1.75% by 10:10...

Cascade Financial Corporation(Nasdaq: CASB) today announced that the Federal Deposit Insurance Corporation and the California Department of Financial Institutions have approved Cascade Bank's merger into Opus Bank. Additionally, the written waiver of the Federal Reserve Bank to permit the merger of...

FBR Capital markets has upgraded First Commonwealth (NYSE: FCF) from Market Perform to Outperform and maintains its $7 price target.

Below are the top regional-midwest banks stocks on the NYSE in terms of dividend yield. Old National Bancorp (NYSE: ONB) has a dividend yield of 2.70%. ONB's shares closed at $10.30 on Friday. US Bancorp (NYSE: USB) has a dividend yield of 2.10%. USB's shares closed at $23.92 on Friday. Comerica...

Archie M. Brown, President and CEO of MainSource Financial Group (NASDAQ: MSFG), announced today that Charles J. Thayer was appointed to the Board of Directors of MainSource at its Board of Directors Meeting held on June 20, 2011, to be effective with the Board of Directors meeting to be held on...

Eddie Steiner, Chairman of The Commercial and Savings Bank (OTC: CSBB), and Rick Hull, President and CEO of Premier Bank & Trust (NASDAQ: OLCB), today announced that CSB has entered into a definitive agreement with Premier to acquire certain assets and assume certain liabilities of Premier's...

Jefferies & Co. has a Hold rating and a $22 price target on shares of MB Financial (NASDAQ: MBFI). In a note to clients, Jefferies & Co. writes, "MBFI announced the sale of $281mm in problem loans, which cuts the bank's NPLs in half. Provision would lower 1Q11 tangible BV per share to $13....

According to Keefe, Bruyette & Woods, MB Financial (NASDAQ: MBFI) announced it entered into an agreement to sell $384 million of problem loans to Colony Capital Acquisitions, LLC for approximately $0.51/dollar, which is expected to reduce NPLs by roughly 50%. Keefe, Bruyette & Woods said...

J.P. Morgan is out with its report today on MB Financial (NASDAQ: MBFI), maintaining Neutral. In a note to clients, J.P. Morgan writes, "On the most recent earnings call, CEO Mitch Feiger expressed apprehension to book new loans given the competitive environment. Although this cautious attitude...

Below are the top regional-northeast banks stocks on the NYSE in terms of cash. State Street Corporation (NYSE: STT) had $33.07 billion in total cash and $38.57 billion in total debt for the latest quarter. M&T Bank Corporation (NYSE: MTB) had $1.60 billion in total cash and $8.12 billion in...

Cusick's Corner Critical levels were broken in both equities and commodities and the Dollar currently is the trade. I did cover my short deltas this morning and am sitting flat but want to see if the Midday lows entice the Bid, seeing a little action in select names. In bond trading -- yields...

Compass Point Research provided color on Regions Financial (NYSE: RF) in a research report published today. Compass Point Research has given Regions Financial a Sell Rating, and $5 price target. In the report, Compass Point Research states, "In our opinion, receiving a net gain of a max of $298M...

Here are today's Put/Call Ratio leaders… 1. Alere Inc. (NYSE: ALR) 2,790 puts, 126 calls 2. Genworth Financial Inc. (NYSE: GNW) 3,183 puts, 252 calls 3. Cemex (NYSE: CX) 3,156 puts, 279 calls 4. PNC Financial Services Group (NYSE: PNC) 16,575 puts, 1,555 calls 5. Zions Bancorporation (NASDAQ: ZION...

Here are today's mid-day options volume leaders… 1. Apple Inc. (NASDAQ: AAPL) 186,328 contracts, 50.4% calls, 49.6% puts 2. Bank of America (NYSE: BAC) 149,728 contracts, 46.3% calls, 53.7% puts 3. Fifth Third Bancorp (NYSE: FITB) 68,387 contracts, 50.0% calls, 50.0% puts 4. Bristol Myers Squibb (...