-
Jefferies Ups HBAN To Buy
Friday, April 1, 2011 - 6:35am | 48Analysts at Jefferies upgrade Huntington Bancshares Incorporated (NASDAQ: HBAN) from “hold” to “buy.” The target price for HBAN is set to $8. HBAN shares fell 1.63% to close at $6.64 yesterday. More Analyst Ratings here
-
Janney Capital Upgrades NPBC To Buy
Friday, April 1, 2011 - 5:56am | 42Analysts at Janney Capital upgrade National Penn Bancshares Inc (NASDAQ: NPBC) from “neutral” to “buy.” NPBC shares gained 0.65% to close at $7.74 yesterday. More Analyst Ratings here
-
Southside Bancshares, Inc. Declares 5% Stock Dividend
Thursday, March 31, 2011 - 5:05pm | 45The Board of Directors of Southside Bancshares, Inc., (NASDAQ: SBSI), parent company of Southside Bank declared a 5% common stock dividend payable to common stock shareholders of record April 20, 2011. The stock dividend is scheduled for payment on May 11, 2011.
-
Bull & Bear: Linear Technology (LLTC)
Thursday, March 31, 2011 - 3:03pm | 398Shares of Linear Technology Corporation (NASDAQ: LLTC) have been on a wild ride over the past few weeks, dropping precipitously and rallying strongly. This begs the question, “Where are shares headed next?” Bulls: Bulls will note that shares held the $31.50 breakout level during the recent price...
-
MICROCAPITAL BRIEF: International Finance Corporation (IFC) Supports Development Of Microfinance By American Life Of Brazil
Thursday, March 31, 2011 - 1:59pm | 112The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, and American Life, a Brazilian insurance company, recently launched an effort to rollout a new life insurance product that will be offered to low-income families in Brazil. Specifically, the...
-
Is This The Mini-Berkshire Sokol Was Talking About? (MBRG, BRK-A)
Thursday, March 31, 2011 - 1:43pm | 249Shares of Middleburg Financial Corp. (NASDAQ: MBRG) are soaring more than 12% today, as the Wall Street Journal is reporting that the company could be the next Berkshire Hathaway (NYSE: BRK-A) that David Sokol was talking about this morning. Sokol said this morning that he would like to start his...
-
Calls Purchased on TCF Financial Corporation (TCB)
Thursday, March 31, 2011 - 12:39pm | 126Shares of TCF Financial Corporation (NYSE: TCB) are higher on the session by 0.89%, currently trading at $15.88. The stock has been moving largely higher over the past four months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name...
-
NASDAQ Stocks Hitting 52-Week Highs (GSLA, MINI, MIND, SSRI)
Thursday, March 31, 2011 - 10:01am | 141GS Financial Corp (NASDAQ: GSLA) shares jumped 16.35% to create a new 52-week high of $20.35. Home Bancorp Inc (NASDAQ: HBCP) announced its plans to buy GSLA for $26.2 million. Mobile Mini Inc (NASDAQ: MINI) shares gained 0.80% to touch a new 52-week high of $23.89. MINI's PEG ratio is 1.08....
-
Morning Market Movers (SYMX, AMIE, TSLA, GSLA)
Thursday, March 31, 2011 - 9:47am | 145Synthesis Energy Systems Inc (NASDAQ: SYMX) climbed 43.90% to $2.95 at 9:45 am. SYMX reported $83.8 million investment by China Energy Industry Holding Group. Ambassadors International Inc (NASDAQ: AMIE) shares surged 33.48% to $3.11. AMIE shares have dropped 43.99% over the past 52 weeks, while...
-
United Community Banks, Inc. Completes $380 Million Capital Raise
Thursday, March 31, 2011 - 8:53am | 59United Community Banks, Inc. (NASDAQ: UCBI) today announced the successful completion of its previously announced $380 million capital raise. In addition, the board of directors has approved the company's previously announced plans to sell approximately $293 million in substandard and nonperforming...
-
Raymond James Upgrades BUSE, ASBC To Market Perform
Thursday, March 31, 2011 - 8:44am | 41Raymond James has upgraded the following companies: First Busey (NASDAQ: BUSE) from Underperform to Market Perform Associated Banc-Corp (NASDAQ: ASBC) from Underperform to Market Perform
-
Home Bancorp Acquiring GS Financial (HBCP, GSLA)
Thursday, March 31, 2011 - 8:20am | 52Home Bancorp (NASDAQ: HBCP) is acquiring GS Financial (NASDAQ: GSLA) for $26.2 million. Home Bancorp will pay $21 for each share of GS Financial which is about a 20 percent premium over GS Financial's closing price of $17.49 on Wednesday.
-
SunTrust Completes Repurchase of Preferred Stock Under TARP
Wednesday, March 30, 2011 - 4:30pm | 90SunTrust Banks. Inc. (NYSE: STI) today announced that it has completed its previously announced repurchase of $3.50 billion of Fixed Rate Cumulative Preferred Stock, Series C and $1.35 billion of Fixed Rate Cumulative Preferred Stock, Series D held by the United States Treasury under the Troubled...
-
Financial Institutions Completes Redemption of TARP Funds
Wednesday, March 30, 2011 - 4:20pm | 133Financial Institutions, Inc. (Nasdaq: FISI) announced today that it has redeemed the remaining $25.0 million of its Series A Fixed Rate Cumulative Perpetual Preferred Stock, issued to the U.S. Department of the Treasury pursuant to the Troubled Asset Relief Program in December 2008. The Company,...
-
M&I Announces Extension of Program to Assist Distressed Homeowners
Wednesday, March 30, 2011 - 3:30pm | 110Marshall & Ilsley Corporation (NYSE: MI) today announced it has extended its foreclosure moratorium for distressed homeowners. The initial moratorium was announced on December 18, 2008, as part of M&I's Homeowner Assistance Program. The moratorium is on all owner-occupied residential loans...