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NASDAQ Stocks Hitting 52-Week Low (ZANE, ROSG, QTWW, PRWT)
Monday, April 25, 2011 - 10:32am | 141Zanett Inc (NASDAQ: ZANE) shares dipped 28.95% to create a new 52-week low of $0.88. ZANE's trailing-twelve-month ROE is -27.09%. Rosetta Genomics Ltd (NASDAQ: ROSG) shares fell 4.76% to create a new 52-week low of $0.40. ROSG named Director Brian A. Markison as the company's new Board Chairman....
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UPDATE: J.P. Morgan Lowering Price Target On City National Corp (CYN)
Monday, April 25, 2011 - 9:53am | 251J.P. Morgan Chase & Co. is lowering its price target on shares of City National Corp (NYSE: CYN) to $66 from $68, but it is keeping its Overweight rating following earnings. In a note to clients, J.P. Morgan writes, "CYN reported 1Q11 EPS of $0.74, or $0.71 excluding the impact of securities...
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J.P. Morgan Reiterates Neutral Rating on Fifth Third Bancorp (FITB)
Monday, April 25, 2011 - 9:44am | 183J.P. Morgan is out with a research report this morning, where it reiterates its Neutral rating on Fifth Third Bancorp (NASDAQ: FITB); it has a $17.00 price target on the stock. The JPM analysts cited the company's recent earnings results, which were in-line with expectations, highlighted by lower...
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Stifel Nicolaus Upgrades HOMB From Hold To Buy
Monday, April 25, 2011 - 9:23am | 28Stifel Nicolaus is upgrading shares of Home Bancshares, Inc. (NASDAQ: HOMB) from Hold to Buy. Home Bancshares closed Thursday at $22.19.
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UPDATE: J.P. Morgan Raises PT on Umpqua Holdings to $13.50 (UMPQ)
Monday, April 25, 2011 - 9:16am | 107J.P. Morgan is out with its report today on Umpqua Holdings (NASDAQ: UMPQ), raising its PT from $13 to $13.50. In a note to clients, J.P. Morgan writes, "UMPQ shares trade at 1.35x TBV, at an 11% discount to peers. Our revised Dec 2011 target of $13.50 assumes the shares trade at 1.54x our YE11E...
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Keefe, Bruyette & Woods Comments On Home Bancshares Results
Monday, April 25, 2011 - 9:15am | 82According to Keefe, Bruyette & Woods, Home Bancshares (NASDAQ: HOMB) put up record operating EPS. Keefe, Bruyette & Woods said that credit looks good as NCOs and NPAs declined sequential qtr. “A record margin helped drive good growth in PTPP earnings and record operating ROA and cash ROTCE...
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Sterne Agee Maintains UMPQ Estimates
Monday, April 25, 2011 - 9:11am | 73Sterne Agee is maintaining its FY11E of $0.59 per share and its FY12E of $0.75 per share following Umpqua Holdings Corporation (NASDAQ: UMPQ) reporting 1Q11 results. “We expect continued modest improvement in operating income the next few quarters, noting credit quality should be a positive driver...
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Keefe, Bruyette & Woods Resumes Coverage On CVB Financial At Outperform
Monday, April 25, 2011 - 9:08am | 72According to Keefe, Bruyette & Woods, CVB Financial (NASDAQ: CVBF) coverage is resumed at Outperform. Keefe, Bruyette & Woods said that following 1Q11, it is establishing EPS estimates for CVB Financial of $0.60 for 2011, $0.70 for 2012, and $0.90 for 2013. “We are setting a price target...
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Keefe, Bruyette & Woods Comments On Simmons First National Results
Monday, April 25, 2011 - 9:04am | 87According to Keefe, Bruyette & Woods, Simmons First National (NASDAQ: SFNC) saw revenue headwinds due to muted loan demand and weak fee income. Keefe, Bruyette & Woods said that it should see a pickup in loan growth over the next couple of quarters due to the seasonal Ag portfolio. “...
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KBW Comments On FCF Earnings
Monday, April 25, 2011 - 9:02am | 72First Commonwealth Financial Corp. (NYSE: FCF) reported earnings of $0.07/sh, “missing KBW and Street estimates by a penny,” KBW reports. “The quarter was marked by higher credit costs and weaker spread and fee income, which were all partially offset by better expense control,” KBW writes. “Asset...
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KBW Raises NPBC Target To $8.50.
Monday, April 25, 2011 - 8:59am | 29KBW is raising its PT on shares of National Penn Bancshares Inc. (NASDAQ: NPBC) to $8.50. National Penn Bancshares closed Thursday at $7.87.
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KBW Comments On HBHC In-Line Results
Monday, April 25, 2011 - 8:56am | 84KBW reports that Hancock Holding Co. (NASDAQ: HBHC) was in-line, “and Whitney Holding Corp. (NASDAQ: WTNY) numbers were better than Street expectations.” “Still, the combined company was on a $1.60 annualized EPS run rate, highlighting the work that needs to occur for the combined company to reach...
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KBW Comments On HBNC's 1Q11 Operating EPS
Monday, April 25, 2011 - 8:53am | 60Horizon Bancorp. (NASDAQ: HBNC) reported 1Q11 operating EPS of $0.69, excluding $0.3mm in securities gains ($0.05/share), KBW reports. “An industry-wide decline in mortgage originations negatively impacted HBNC's mortgage warehouse business, which drove a decline in revenues,” KBW writes. “That...
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UPDATE: Jefferies Raises PT on City National to $62 (CYN)
Monday, April 25, 2011 - 8:51am | 91Jefferies is out with its report today on City National (NYSE: CYN), raising its PT on CYN from $58 to $62. In a note to clients, Jefferies writes, "Our price target of $62 applies a 15x multiple to our 2013 earnings estimate (discounted 2 years at 10%). Our multiple is slightly higher than the...
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First Security Announces CEO Appointment
Monday, April 25, 2011 - 8:34am | 54First Security Group, Inc. (Nasdaq: FSGI) announced today that Ralph E. “Gene” Coffman, Jr. was appointed acting interim Chief Executive Officer, subject to any necessary regulatory non-objections. He succeeds Rodger B. Holley, who resigned on April 21, 2011, after serving 11 years as CEO and...