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KBW Remains On The Sidelines As The HBHC / WTNY Integration Unfolds
Monday, March 28, 2011 - 7:32am | 73Hancock Holding Co.'s (NASDAQ: HBHC) fundamental outperformance through the cycle “has translated into opportunities to expand its franchise,” KBW reports. “While the shares are reasonably valued on forward earnings versus peers, we remain on the sidelines as we watch the Whitney Holding Company (...
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SNBC Raises 28.8mn Shares Of Common Stock At $3.00/Share, KBW Reports
Monday, March 28, 2011 - 7:26am | 87Sun Bancorp Inc. (NASDAQ: SNBC) raised 28.8mn shares of common at $3.00/share resulting in net proceeds of approximately $80.9mn after the shoe was exercised, KBW reports. “We expect the capital to be used to accelerate balance sheet clean-up with a potential bulk loan sale in 1H11,” KBW writes. “...
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Credit Suisse Ups SIVB To Outperform
Monday, March 28, 2011 - 6:53am | 52Analysts at Credit Suisse upgrade SVB Financial Group (NASDAQ: SIVB) from “neutral” to “outperform.” The target price for SIVB has been raised from $51 to $61. SIVB shares gained 1.11% to close at $54.82 on Friday. More Analyst Ratings here
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Janney Capital Ups SNBC To Neutral
Monday, March 28, 2011 - 5:59am | 50Analysts at Janney Capital upgrade Sun Bancorp Inc (NASDAQ: SNBC) from “sell” to “neutral.” The target price for SNBC is set to $3.50. SNBC shares gained 3.03% to close at $3.40 on Friday. More Analyst Ratings here
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What's Driving Russia's Outperformance?
Monday, March 28, 2011 - 1:00am | 2150The Russian MICEX Index, which increased 22.5 percent in 2010, has jumped 15 percent so far in 2011, significantly outperforming many other markets. China is the second-best performer of the BRICs, rising more than 5 percent, while India (down over 10 percent) and Brazil (down over 2 percent) have...
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New Positions Added
Saturday, March 26, 2011 - 12:51pm | 1189The market seems to have shifted to at least short-term bullish, so I decided to put a little cash to work on some names I believe will perform nicely for the longer term picture. On Thursday afternoon, we picked up 100 shares of Cavium Networks Inc (CAVM) at $40.91. They are a hardware...
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New Positions Added
Saturday, March 26, 2011 - 12:51pm | 1189The market seems to have shifted to at least short-term bullish, so I decided to put a little cash to work on some names I believe will perform nicely for the longer term picture. On Thursday afternoon, we picked up 100 shares of Cavium Networks Inc (CAVM) at $40.91. They are a hardware...
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Stock Trade Ideas for the Week of March 28
Saturday, March 26, 2011 - 4:07am | 2108( click to enlarge ) SINA Corporation (NASDAQ:SINA) has broken out to all time highs again. The volume on Friday's break was decent, not great, so a sell-stop below $99.30 is probably a good idea. Anyway, SINA is now seeing blue skies as there is no resistance overhead. The technical chart is...
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First West Virginia Bancorp Reports Q4 EPS of $0.26
Friday, March 25, 2011 - 4:07pm | 47First West Virginia Bancorp, Inc. (NYSE: FWV) today announced fourth quarter earnings. Net income for the fourth quarter of 2010 was reported at $423,658 or $.26 per share, as compared to $766,919 or $.46 per share reported for the same period a year earlier.
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Key's Retiring Chairman And CEO Henry Meyer Will Assume One-Year Non-Executive Role
Friday, March 25, 2011 - 2:40pm | 115KeyCorp's (NYSE: KEY) CEO-elect, Beth E. Mooney announced that retiring Chairman and CEO Henry L. Meyer III has agreed to remain with KeyCorp as a non-executive employee for up to one additional year to help facilitate the transition of his industry and community relationships. Meyer will focus...
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Today's Winners and Losers Within the Russell Microcap Index (NEXS, IBCP, URRE, APP, CPWM, LEI)
Friday, March 25, 2011 - 10:44am | 634The following is a list of today's winners and losers within the Russell Microcap Index. Winners Shares of Nexxus (NasdaqCM: NEXS) jumped 44% today as the company announced a new partnership with Lowe's Stores (NYSE: LOW). The firm will...
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Today's Winners and Losers Within the Russell Microcap Index (NEXS, IBCP, URRE, APP, CPWM, LEI)
Friday, March 25, 2011 - 10:44am | 634The following is a list of today's winners and losers within the Russell Microcap Index. Winners Shares of Nexxus (NasdaqCM: NEXS) jumped 44% today as the company announced a new partnership with Lowe's Stores (NYSE: LOW). The firm will...
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Wells Fargo Morning Summary (BLC, CAG, KEY, STI, ACN, GIB, ORCL, FITB, PNC, RIMM, PAYX)
Friday, March 25, 2011 - 10:19am | 164Wells Fargo is initiating coverage on Belo Corp. (NYSE: BLC) with an Outperform rating. It is raising estimates on ConAgra Foods (NYSE: CAG), KeyCorp (NYSE: KEY), SunTrust Banks (NYSE: STI), Accenture (NYSE: ACN), CGI Group (NYSE: GIB) and Oracle (NASDAQ: ORCL). It is lowering estimates on Fifth...
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UPDATE: Wunderlich Initiates Coverage on Bank of Hawaii Corp. at Buy (BOH)
Friday, March 25, 2011 - 9:13am | 128Wunderlich is out with its report today on Bank of Hawaii Corp. (NYSE: BOH), initiating BOH at Buy. In a note to clients, Wunderlich writes, "We are initiating coverage of Bank of Hawaii Corporation with a Buy rating and $55 price target on the shares. BOH employs a community banking strategy of...
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Peoples Bancorp Inc. Declares First Quarter 2011 Dividend
Friday, March 25, 2011 - 8:55am | 72The Board of Directors of Peoples Bancorp Inc. (NASDAQ: PEBO) yesterday declared a cash dividend of $0.10 per common share, payable April 18, 2011, to common shareholders of record on April 4, 2011. The first quarter dividend represents a payout of approximately $1.1 million based on 10.5 million...