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Jon Najarian Took Profits In PNC (PNC)
Tuesday, March 8, 2011 - 1:49pm | 54Jon Najarian tweeted that he took profits in PNC Financial (NYSE: PNC), to go along with Doug Kass who also took profits. At last check, shares of PNC were up $2.57 to $63.27, a gain of 4.2%.
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Doug Kass Pressing PNC Long (PNC)
Tuesday, March 8, 2011 - 11:23am | 45Doug Kass tweeted that he is pressing his long position in PNC Financial (NYSE: PNC). Shares of PNC are up $2.34 to $63.04, a gain of nearly 4%.
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Sterne Agee Initiates Coverage On Fulton Financial Group At Buy, $13 PT
Tuesday, March 8, 2011 - 10:15am | 177Sterne Agee is initiating coverage of Fulton Financial Corp. (NASDAQ: FULT) with a Buy rating and $13.00 price target. Sterne Agee believes Fulton has a valuable core deposit franchise spanning the Mid-Atlantic region. The Buy rating is based on normalized profitability exceeding peers, the ability...
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UPDATE: Wunderlich Raises PT on Bank of Marin Bancorp to $40 (BMRC)
Tuesday, March 8, 2011 - 8:55am | 135Wunderlich is out with its report today on Bank of Marin Bancorp (NASDAQ: BMRC), raising its PT from $37 to $40. In a note to clients, Wunderlich writes, "We maintain our Buy rating on shares of Bank of Marin Bancorp, and we are raising our price target by $3 to $40 on the heels of the company's...
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UPDATE: Wunderlich Raises PT on SCBT Financial Corp. to $35 (SCBT)
Tuesday, March 8, 2011 - 8:42am | 114Wunderlich is out with its report today on SCBT Financial Corp. (NASDAQ: SCBT), raising its PT from $32 to $35. In a note to clients, Wunderlich writes, "We maintain our Hold rating on shares of SCBT Financial Corporation, but we are raising our price target from $32 to $35 after the company...
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Wunderlich Raises PT On Bank of Marin Bancorp To $40
Tuesday, March 8, 2011 - 7:46am | 31Wunderlich Securities has raised the price target on Bank of Marin Bancorp (NASDAQ: BMRC) from $37 to $40 and maintains its Buy rating.
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Wunderlich Raises PT On SCBT Financial To $35
Tuesday, March 8, 2011 - 7:44am | 31Wunderlich Securities has raised the price target on SCBT Financial Corporation Corporation (NASDAQ: SCBT) from $32 to $35 and maintains its Hold rating.
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Financial Institutions Announces Commencement of $40M Stock Offering
Monday, March 7, 2011 - 5:36pm | 38Financial Institutions, Inc. (Nasdaq: FISI), the parent company of Five Star Bank, announced today the commencement of an underwritten public offering of approximately $40.0 million of its common stock.
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Stifel Nicolaus Upgrades FMER From Hold To Buy
Monday, March 7, 2011 - 10:33am | 29Stifel Nicolaus is upgrading FirstMerit Corporation (NASDAQ: FMER) from Hold to Buy. FirstMerit Corporation currently trades at $16.67.
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Keefe, Bruyette, & Woods Transferring Coverage Of BOH (BOH)
Monday, March 7, 2011 - 9:59am | 80Keefe, Bruyette, & Woods is out with its report on Bank Of Hawaii Corp. (NYSE: BOH), transferring coverage from Bobby Bohlen to Jacquelynne Chimera. In the report, Keefe, Bruyette & Woods comment that while it is transferring coverage to Chimera, they maintain their 2011, 2012, and 2013...
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Morgan Keegan Maintains Outperform on First Horizon National Corp. (FHN)
Monday, March 7, 2011 - 9:37am | 134Morgan Keegan is out with its report today on First Horizon National Corp. (NYSE: FHN), maintaining Outperform. In a note to clients, Morgan Keegan writes, "We see upside in FHN shares as the growth and profitability outlook steadily improve over the coming quarters and mortgage putback risk...
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Oppenheimer Maintains Outperform on Western Alliance Bancorporation (WAL)
Monday, March 7, 2011 - 9:31am | 140Oppenheimer is out with its report today on Western Alliance Bancorporation (NYSE: WAL), maintaining Outperform. In a note to clients, Oppenheimer writes, "Loan quality and demand in Arizona and California have turned the corner for Western Alliance, and it now appears the worst has passed in...
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Benzinga's Top Pre-Market NASDAQ Losers (CIEN, NWS, JDSU, HBAN)
Monday, March 7, 2011 - 9:15am | 117Ciena Corporation (NASDAQ: CIEN) dipped 5.69% to $27.17 in the pre-market session. CIEN issued weaker-than-expected Q2 revenue projections. News Corporation (NASDAQ: NWS) lost 1.73% to $18.3957 in the pre-market session. NWS' trailing-twelve-month profit margin is 9.46%. JDS Uniphase Corporation...
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KBW Transfers Coverage Of BMRC
Monday, March 7, 2011 - 8:21am | 95KBW is transferring coverage of Bank of Marin Bancorp (NASDAQ: BMRC) and reiterating its EPS estimates and price target. “As our price target offers investors a one-year potential total return of 24.0%, we are also reiterating our Outperform rating on shares,” KBW writes. “Over the past three...
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Futures Finish at a Discount 03-04-2011
Friday, March 4, 2011 - 7:55pm | 865Cusick's Corner Stocks bounced into the After Hours, finishing the week with the cash market, Stock Indices, at a premium to the Futures. This means many longs may have potentially done some hedging into the weekend. And this leads to a discussion that I often bring up at the week's end in the...