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Central Pacific Financial Corp. Announces Rights Offering Is Fully Subscribed (CPF)
Monday, May 9, 2011 - 5:00pm | 118Central Pacific Financial Corp. (NYSE: CPF), parent company of Central Pacific Bank, announced today that its rights offering, which expired at 5:00 p.m., Eastern time, on May 6, 2011, is fully subscribed based on preliminary results. CPF expects to issue a total of 2.0 million shares of CPF...
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Republic Bancorp Increases its Common Stock Cash Dividend for the 11th Consecutive Year (RBCAA)
Monday, May 9, 2011 - 4:26pm | 189Republic Bancorp, Inc. (NASDAQ: RBCAA), parent company of Republic Bank & Trust Company and Republic Bank, today announced an 8% increase in the Company's second quarter cash dividends. The cash dividend of $0.154 per share of Class A Common Stock and $0.14 per share on Class B Common Stock...
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Wilshire Bancorp to Offer $100M Shares, to use Proceeds for Added Capital and Cash Needs (WIBC)
Monday, May 9, 2011 - 4:19pm | 112Wilshire Bancorp (Nasdaq: WIBC), the parent company of its wholly-owned subsidiary Wilshire State Bank, today announced that it has commenced an underwritten public offering of approximately $100 million of its common stock. In connection with the common stock offering, the Company expects to grant...
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Morning Market Losers (MBTF, OXGN, EONC, ZRAN)
Monday, May 9, 2011 - 10:04am | 104MBT Financial Corp (NASDAQ: MBTF) shares moved down 15.98% to $1.42 at 10:00 am. MBTF's trailing-twelve-month profit margin is -52.21%. OXiGENE Inc (NASDAQ: OXGN) shares dropped 15.75% to $3.00. OXGN is scheduled to report its Q1 results on May 12. eOn Communications Corporation (NASDAQ: EONC)...
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Compass Point Research Comments On TCF Financial; Raises PT To $16
Monday, May 9, 2011 - 9:42am | 170Compass Point Research is increasing its price target on TCF Financial (NYSE: TCB) to $16 from $14 and reiterates its neutral rating on shares of TCB. Compass Point is increasing its 2011E EPS from $0.73 to $0.77 and decreasing 2012E EPS from $1.25 to $1.07. Compass Point's 2011E estimate increase...
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Compass Point Reiterates Buy on Oriental Financial Group (OFG)
Monday, May 9, 2011 - 9:07am | 112Compass Point is out with its report today on Oriental Financial Group (NYSE: OFG), reiterating Buy. In a note to clients, Compass Point writes, "We reiterate our price target of $16.50 and our buy rating on shares of OFG. We are reducing our 2011E EPS from $0.92 to $0.73 and reducing our 2012E...
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Sterne Agee Gives Update On International Bancshares Corp. Following Earnings Report
Monday, May 9, 2011 - 7:29am | 169Sterne Agee continues to view International Bancshares (NASDAQ: IBOC) as having limited downside the closer the shares approach TBVPS, and for longer-term shareholders we believe IBOC represents a potential solid holding. We have been remiss to be more constructive on the name given limited...
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Sterne Agee Gives Update On International Bancshares Corp. Following Earnings Report
Monday, May 9, 2011 - 7:29am | 169Sterne Agee continues to view International Bancshares (NASDAQ: IBOC) as having limited downside the closer the shares approach TBVPS, and for longer-term shareholders we believe IBOC represents a potential solid holding. We have been remiss to be more constructive on the name given limited...
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Sterne Agee Gives Update On International Bancshares Corp. Following Earnings Report
Monday, May 9, 2011 - 7:29am | 169Sterne Agee continues to view International Bancshares (NASDAQ: IBOC) as having limited downside the closer the shares approach TBVPS, and for longer-term shareholders we believe IBOC represents a potential solid holding. We have been remiss to be more constructive on the name given limited...
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Updates- LinkedIn IPO, Oil, Yuan, HTZ, DTG, AES, TSN, BID, ATVI, SRE, PETS, RST, SYY, CLR…
Monday, May 9, 2011 - 7:26am | 1907It looks like, Oil prices could drop as low as $90 a barrel later this month as the global economy slows and unrest in the Middle East eventually fades. Crude oil for June delivery rose $2.91 to $100.09 a barrel. Gold for June delivery rose $14.80 to $1,506.50 an ounce, and silver for July...
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Top Savings Banks Stocks with Highest Upside- ALNC, TSH, HFBL, FFBHD, COF, PCBS, KFFB, GFED, FPFC, FBC, HFFC, OABC
Sunday, May 8, 2011 - 7:41am | 2021Alliance Financial Corporation (NASDAQ:ALNC) is trading at a price of $31.87, a dramatic change of 0.49 with % change of 1.56 from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 151.24M. Alliance...
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Top Performing Regional Banks stocks to buy- PKBK, MBTF,CARV, USBI, MBR,TRUE , DRL, BTC, RBPAA, FSBK
Sunday, May 8, 2011 - 7:13am | 1601Parke Bancorp Inc. (NASDAQ:PKBK) is trading at a price of $9.49, a dramatic change of 0.89 with % change of 10.3 from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 46.37M. Parke Bancorp has reported a...
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The First of Long Island Corporation Announces Increase in Net Income for the First Quarter of 2011
Friday, May 6, 2011 - 12:11pm | 144The First of Long Island Corporation (NASDAQ: FLIC) reported net income of $4.8 million for the first quarter of 2011, an increase of 3.6%, from $4.6 million earned in the same period last year. Earnings per share were $.54 for the quarter, a decrease of $.09 from $.63 per share earned in the same...
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Keefe Bruyette & Woods Gives Color On Oriental Financial Group Following Earnings Release
Friday, May 6, 2011 - 10:42am | 127Oriental Financial Group's *(NYSE: OFG) earnings power rebounding due to rise in NIM. Keefe Bruyette & Woods included the DTA in its operating EPS estimates but adding back the DTA gets you to a +$0.24 run rate for the quarter. Credit quality looks good and capital is likely the highest on the...
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KBW Has Market Perform On Univest Corporation of PA (UVSP)
Friday, May 6, 2011 - 9:00am | 106KBW is lowering estimates on Univest Corporation of PA (NASDAQ: UVSP) following meeting the company's management. It has a Market Perform rating and a $18 price target on shares. In a note to investors, KBW writes, "We are trimming our estimates after we had a chance to speak with management....