Regional Banks

Sterne Agee is out with its report today on F.N.B. (NYSE: FNB), maintaining Neutral. In a note to clients, Sterne Agee writes, "F.N.B. completed a $63 million capital offering on May 18, 2011, and wasted no time putting the proceeds to work. We agree with F.N.B.'s strategy of utilizing its premium...

Morgan Stanley has upgraded the following companies: Altera Corporation (NASDAQ: ALTR) from Underweight to Equal-weight, $39 PT removed East West Bancorp (NASDAQ: EWBC) from Equal-weight to Overweight, $25 PT established Xilinx (NASDAQ: XLNX) from Underweight to Equal-weight, $29 PT removed

Bank of America has downgraded Regions Financial (NYSE: RF) from Buy to Neutral and has established a $6.50 price objective.

I've been traveling a lot in recent weeks and had the pleasure of meeting policymakers in a number of countries. Perhaps the most interesting of those meetings occurred in a small workshop attended by a couple of policymakers who had worked with Timothy Geithner to bail-out Wall Street. Let me just...

The Financial Sector is the weakest area of today's market, currently down 2% on the session. The weakest stocks currently in the S&P Financial Sector are: 1) Hartford Financial Services (NYSE: HIG): Shares of Hartford Financial Services are currently trading down 4.8% from yesterday's close...

The board of directors of Camden National Corporation (NASDAQ: CAC) has announced that Craig Gunderson has been elected to serve as a member of the board of directors. "I'm delighted to join the Board of Directors of Camden National Corporation and represent the shareholders of this great company...

SunPower Corporation (NASDAQ: SPWRB) shares dropped 17.74% to $16.92 at 10:00 am. Total and SunPower reported the success of Total's all-cash tender on SunPower. Good Times Restaurants Inc (NASDAQ: GTIM) dipped 17.14% to $1.60. GTIM's trailing-twelve-month ROE is -66.39%. Landmark Bancorp Inc (...

On CNBC's Mad Money Lightning Round OT, Jim Cramer said that First Republic Bank (NYSE: FRC) is a great bank, and he would hold on that stock. It is not hurt by the problems that other banks are facing. He also likes City National Corporation (NYSE: CYN). First Republic Bank (FRC) gained 1.69%...

Centrue Financial Corporation (NASDAQ: TRUE), parent company of Centrue Bank, today announced that it was delisting its common stock from the Nasdaq Global Market and that it expects that the stock will begin trading on the OTCQB Marketplace effective June 24, 2011.

Heritage Commerce Corp (Nasdaq: HTBK), today announced that as a result of the continual improvement of the financial condition of the Company and its banking subsidiary Heritage Bank of Commerce over the past 16 months, the Federal Reserve Bank of San Francisco and the State of California...

Shares of The PNC Financial Services Group, Inc. (NYSE: PNC) are higher on the session by 1.33%, trading at $60.04. Overall put volume is now running at 2.66x the daily average, with 1% of all puts traded being purchases on the offer. 8,008 contracts have traded on the session so far. The PNC...

Citizens Republic Bancorp, Inc. (NASDAQ: CRBC) announced today a 1-for-10 reverse stock split of Citizens common stock. Citizens anticipates the reverse stock split will be effective after the close of trading on July 1, 2011 and that Citizens common stock will begin trading on a split adjusted...

According to a recent report, Keefe, Bruyette & Woods has lowered the price target on PacWest BanCorp (NASDAQ: PACW) from $24.00 to $23.00. Keefe, Bruyette & Woods also lowered the 2011/2012/2013 EPS from $1.25/$1.65/$1.95 to $1.20/$1.60/$1.85. In the report, Keefe, Bruyette & Woods...

According to a recent report, Keefe, Bruyette & Woods has upgraded Zions Bancorporation (NASDAQ: ZION) to Outperform and has raised the 2011 and 2013 EPS estimates from $0.39/$2.50 to $0.42/$2.55 but reduced the 2012 estimate from $1.78 and to $1.70. Keefe, Bruyette & Woods has maintained a...

Hampton Roads Bankshares (Nasdaq: HMPR) announced today that it has filed a prospectus supplement under which it may from time to time sell up to five million shares of its common stock pursuant to an at-the-market equity offering program. The shares would be offered through Sandler O'Neill +...