Regional Banks

Invesco PowerShares brought out two new and unique ETFs last Thursday (5/5/11).  PowerShares S&P 500 High Beta Portfolio (SPHB) and PowerShares S&P 500 Low Volatility Portfolio (SPLV) are innovative products that employ quantitative beta-weighting and volatility-weighting as part of the...

After receiving formal approval from federal and state banking regulators, the Boards of Directors of Commonwealth Bankshares, Inc. (Nasdaq: CWBS) and Bank of the Commonwealth appointed longtime Virginia banker Chris E. Beisel as the Chief Executive Officer, President and Director of Commonwealth...

According to Keefe, Bruyette & Woods, M&T Bank (NYSE: MTB) announced that the company successfully completed its $500mn non-cumulative perpetual preferred issuance with a 6.875% coupon that came in better than expected. Keefe, Bruyette & Woods said that the company has now completed...

Wilshire Bancorp Inc (NASDAQ: WIBC) dipped 5.23% to $2.90 in the pre-market session. WIBC priced its underwritten public offering of 36,363,600 shares of common stock at $2.75 per share. Cisco Systems Inc (NASDAQ: CSCO) fell 3.94% to $17.08 in the pre-market session. CSCO reported an 18% decline...

The Board of Directors of National Bankshares, Inc. (NASDAQ: NKSH) today approved payment on June 1, 2011 of a semi-annual dividend of $0.48 per share to all stockholders of record as of May 23, 2011. The dividend is 9.09% higher than the semi-annual dividend that was paid on June 1, 2010.

Investors Bancorp, Inc. (NASDAQ: ISBC) announced that the sale of its four Massachusetts branch offices to Admirals Bank, headquartered in Boston, Massachusetts, was completed on May 6, 2011. These branches, acquired from Millennium bcpbank on October 15, 2010, had deposits of approximately $65...

SunTrust Banks, Inc. (NYSE: STI) announced that it has acquired the assets of CSI Capital Management, a San Francisco based wealth management firm with a significant nation-wide presence that focuses on the financial and investment needs of high net worth clients including highly visible...

Below are the top mid-cap regional-pacific banks stocks on the NYSE and the NASDAQ in terms of earnings estimate for the next year. The earnings estimate for City National Corporation (NYSE: CYN) for the next year ending December, 2012 is $4.09 per share. CYN's trailing-twelve-month operating...

F.N.B. Corporation (NYSE: FNB) announced today that it is commencing a registered public offering of 4.5 million shares of its common stock.  The offering is being made in conjunction with F.N.B. Corporation's inclusion in the Standard & Poor's SmallCap 600 Index after the market closes on May...

Bridge Capital Holdings (NASDAQ: BBNK), whose subsidiary is Bridge Bank, National Association, a full-service business bank headquartered in the Silicon Valley region of California, announced today that Hammerhead Designs, Inc. of Redwood City has secured SBA financing to support its new product...

Shares of SunTrust Banks, Inc. (NYSE: STI) are higher on the session by 1.44%, trading at $28.59. Overall call volume is now running at 2.76x the daily average, with 52% of all calls traded being purchases on the offer. 10,447 contracts have traded on the session so far. SunTrust Banks, Inc. is...

Raymond James upgraded shares of Heritage Oaks Bancorp (HEOP), a holding company for Heritage Oaks Bank (the Bank) from an “underperform” rating to a “market perform” rating. Raymond James upgraded shares of Kendle International (KNDL), a global clinical research organization (CRO) that provides...

International leisure travel company, TUI Travel PLC (TT) rose 2.7% after reporting a narrowing net loss and rising sales. TUI Travel is trading at a price of $249.00,a dramatic change of +5.70 with % change of 2.34 from its previous day's close. Currently, the company has a Market capitalization...

BancorpSouth, Inc. (NYSE: BXS) today announced a branch optimization plan, which includes the planned closing or consolidation, upon final regulatory approval, of 23 bank branches located in six states of BancorpSouth's eight-state footprint. The branches are located in Alabama, Arkansas,...

In a report released today, Keefe, Bruyette & Woods commented on First BanCorp (NYSE: FBP). Keefe was not positive in their outlook. Writing, “FBP continues to de-leverage by selling off higher quality assets while it attempts to raise new common capital. The company has until Oct 7th to raise...