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MidSouth Bancorp Announces Agreement to Acquire Branches in Dallas-Fort Worth Market
Monday, April 4, 2011 - 9:22am | 68MidSouth Bancorp (NYSE: MSL), announced today that its subsidiary, MidSouth Bank, N.A., has entered into an agreement with Jefferson Bank and First Bank & Trust Company to acquire five Jefferson Bank branches located in the Dallas-Fort Worth, Texas area. As part of the branch acquisition,...
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Sterne Agee Dropping Coverage Of Sterling Bancshares
Monday, April 4, 2011 - 9:16am | 52According to Sterne Agee, Sterling Bancshares (NASDAQ: SBIB) coverage is dropped. Sterne Agee reported that it is dropping coverage effective immediately of SBIB due to the pending acquisition by Comerica (CMA). Sterling Bancshares closed on Friday at $8.65.
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Benzinga's Top Upgrades (AXS, GR, STI, F)
Monday, April 4, 2011 - 8:29am | 142Axis Capital Holdings Limited (NYSE: AXS) was upgraded by Citigroup from "hold" to "buy." AXS' shares closed at $35.39 on Friday. AXS' trailing-twelve-month operating margin is 26.35%. Goodrich Corporation (The) (NYSE: GR) was upgraded by JP Morgan from "neutral" to "overweight.” GR's shares...
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Morgan Stanley Resumes Coverage Of MTB With Equal-Weight Rating
Monday, April 4, 2011 - 7:53am | 69Morgan Stanley has resumed coverage of M&T Bank Corp. (NYSE: MTB) with an Equal-Weight Rating. In the report Morgan Stanley writes, "We view M&T Bank as a high-quality franchise with significantly stronger earnings power than midcap bank peers, but believe this is largely reflected in its...
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Morgan Stanley Anticipates Rise In BPOP Share Prices
Monday, April 4, 2011 - 7:37am | 137Morgan Stanley has issued a report anticipating rising share prices for Popular, Inc. (NASDAQ: BPOP). According to Morgan Stanley, "BPOP has sold off sharply since its peak in early Feb, down 17% versus a 2% decline in the group and a 1% gain in the S&P 500. From our conversations with...
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Janney Capital Ups STI To Neutral
Monday, April 4, 2011 - 6:02am | 52Analysts at Janney Capital upgrade SunTrust Banks Inc (NYSE: STI) from “sell” to “neutral.” The target price for STI has been raised from $23 to $27. STI shares rose 1.25% to close at $29.20 on Friday. More Analyst Ratings here
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Stock Trade Ideas for the Week of April 4
Friday, April 1, 2011 - 5:46pm | 1618( click to enlarge ) Starting with Avalon Rare Metals (AMEX:AVL), on the daily charts, the present uptrend is getting confirmed as the days go on. Right now, I'm in a Long trade that I entered around $7.12. AVL has made an awesome move today breaking out of a consolidation area and resistance...
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Middleburg Financial Plunging 9% (MBRG)
Friday, April 1, 2011 - 11:26am | 83Middleburg Financial Corp. (NASDAQ: MBRG) shares are plunging today, one day after traders speculated that the company might be the next Berkshire Hathaway that David Sokol was talking about. At last check, shares were off $1.55 to $16.20, a loss of 8.7%. Yesterday, Sokol had resigned from...
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Wells Fargo Summary
Friday, April 1, 2011 - 8:46am | 143Wells Fargo has revised up earnings estimates on CarMax (NYSE: KMX), American Water Works Company (NYSE: AWK), Bill Barrett (NYSE: BBG), First Horizon National (NYSE: FHN), Quest Diagnostics (NYSE: DGX) and Global Payments (NYSE: GPN). It has revised down estimates on DryShips (NASDAQ: DRYS),...
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Benzinga's Top Upgrades (AGN, HBAN, CMCO, ALEX)
Friday, April 1, 2011 - 8:17am | 137Allergan Inc (NYSE: AGN) was upgraded by Leerink from "market perform" to "outperform." AGN's shares closed at $71.02 yesterday. Allergan's trailing-twelve-month operating margin is 25.41%. Jefferies upgraded Huntington Bancshares Incorporated (NASDAQ: HBAN) from “hold” to “buy.” HBAN's shares...
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Jefferies Upgrades Huntington Bancshares To Buy
Friday, April 1, 2011 - 8:09am | 133According to Jefferies, Huntington Bancshares (NASDAQ: HBAN) has underperformed after a strong early '11 run, and risk/reward looks attractive again with no major changes to fundamentals. Jefferies reported that shares trade at 1.45x tangible book and 9.5x normalized EPS (vs 1.65x and 10x for the...
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Benzinga's Top Pre-Market NASDAQ Gainers (HBAN, SHPGY, CSCO, AAPL)
Friday, April 1, 2011 - 8:06am | 114Huntington Bancshares Incorporated (NASDAQ: HBAN) rose 1.81% to $6.76 in the pre-market session. Analysts at Jefferies upgraded HBAN from “hold” to “buy.” Shire plc (NASDAQ: SHPGY) added 0.85% to $87.77 in the pre-market session. ORCL posted better-than-expected Q3 earnings. SHPGY's trailing-...
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Jefferies Updating Estimates On Hancock
Friday, April 1, 2011 - 7:58am | 92According to Jefferies, Hancock Holding (NASDAQ: HBHC) estimates have been changed. Jefferies reported that it is updating our EPS estimates for the WTNY acquisition and 4Q10 earnings following the completion of the $200mm capital raise the company indicated it would undergo at the time of the...
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UPDATE: Jefferies Upgrading Huntington Bancshares To Buy (HBAN)
Friday, April 1, 2011 - 7:45am | 103Jefferies & Co. is upgrading shares of Huntington Bancshares (NASDAQ: HBAN) to Buy and it has a $8 price target. In a note to clients, Jefferies writes, "HBAN has underperformed after a strong early '11 run, and risk/reward looks attractive again with no major changes to fundamentals. Shares...
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Jefferies Upgrades Huntington Bancshares To Buy, $8 PT
Friday, April 1, 2011 - 7:27am | 25Jefferies & Company has upgraded Huntington Bancshares (NASDAQ: HBAN) from Hold to Buy and maintains its $8 price target.