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Sterne Agee Reiterates Sell Rating on Zions Bancorporation (ZION)
Tuesday, February 15, 2011 - 3:17pm | 170Sterne Agee is out with a research report this afternoon, where it reiterates its Sell rating on Zions Bancorporation (NASDAQ: ZION); it has a price target of $20.00 on the stock. The SA analysts cited the company's recent announcement that holders of $86 million of the company's debt have elected...
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LNB Bancorp, Inc. Declares First Quarter Dividend Of $0.01 Per Share
Tuesday, February 15, 2011 - 12:01pm | 37The Board of Directors of LNB Bancorp, Inc. (NASDAQ: LNBB) has declared a first quarter 2011 cash dividend of $.01 a share, payable on April 1, 2011 to shareholders of record on March 4, 2011.
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UMB Announces 35% Increase in Health Spending Accounts
Tuesday, February 15, 2011 - 11:28am | 58UMB Healthcare Services, a division of UMB Financial Corporation (NASDAQ: UMBF), announced today that it has achieved a 35 percent increase in the number of its health spending accounts. The company now services 1.8 million health spending accounts, including Health Savings Accounts (HSAs),...
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Bridge Capital Holdings to Fully Repay TARP Funds
Monday, February 14, 2011 - 5:33pm | 84Bridge Capital Holdings (NASDAQ: BBNK), whose subsidiary is Bridge Bank, National Association, a full service professional business bank headquartered in Silicon Valley, announced today that it has received regulatory approval to repay $24.0 million in TARP Capital Purchase Program funds, plus...
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The UPS Store Lines up $22.5M for Franchisee Lending Program
Monday, February 14, 2011 - 11:01am | 98The UPS Store, (NYSE: UPS) today announced a collaboration with a franchisee lending program created by Franchise America Finance and The Bancorp Bank, a wholly owned subsidiary of The Bancorp, Inc. (NASDAQ: TBBK). The first franchise network in its category to receive funding through FAF and The...
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J.P. Morgan Maintains Neutral on PrivateBancorp (PVTB)
Monday, February 14, 2011 - 8:31am | 91J.P. Morgan is out with its report today on PrivateBancorp (NASDAQ: PVTB), maintaining Neutral. In its report sent to clients, J.P. Morgan states, "PVTB shares are trading at 9.2x normal EPS, or an 11% discount to peers, and 1.2x TBV, or a 14% discount to peers, and while this valuation could offer...
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SunTrust Banks Announces Larry Prince and Karen Williams to Retire From Board of Directors
Friday, February 11, 2011 - 2:31pm | 58SunTrust Banks, Inc. (NYSE: STI) announced today that Larry L. Prince and Karen Hastie Williams plan to retire from the company's Board of Directors this year. In addition, the company announced that Kyle Prechtl Legg has been nominated to stand for election at the Annual Meeting of Shareholders...
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United Bankshares, Inc. to Present at Sterne Agee Financial Institutions Investor Conference
Friday, February 11, 2011 - 1:49pm | 36United Bankshares, Inc. (NASDAQ: UBSI), will be presenting at the Sterne Agee Financial Institutions Investor Conference on Thursday, February 17, 2011 at 3:15 p.m. (Eastern), at The Peabody, Orlando, Florida.
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Tompkins Financial Corporation to Present at the Sterne Agee Financial Institutions Investor Conference
Friday, February 11, 2011 - 1:28pm | 54Tompkins Financial Corporation (NYSE: TMP), today announced that Stephen S. Romaine, President and Chief Executive Officer, and Francis M. Fetsko, Executive Vice President and Chief Financial Officer, will present at the Sterne Agee Financial Institutions Investor Conference on Thursday, February...
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Keefe Bruyette Ups MCBI To Outperform
Friday, February 11, 2011 - 6:51am | 52Analysts at Keefe Bruyette upgrade MetroCorp Bancshares Inc (NASDAQ: MCBI) from “market perform” to “outperform.” The target price for MCBI has been raised from $5 to $6.75. MCBI shares advanced 10.50% to close at $5.58 yesterday. More Analyst Ratings here
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Options Brief: Central Pacific Financial Corp. (CPF)
Thursday, February 10, 2011 - 1:37pm | 94Shares of Central Pacific Financial Corp. (NYSE: CPF) are higher on the session by 4.97%, trading at $29.79. Overall put volume is now running at 5.97x the daily average, with 48% of all puts traded being purchases on the offer. 2,025 contracts have traded on the session so far. Central Pacific...
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Options Brief: First Horizon National Corporation (FHN)
Thursday, February 10, 2011 - 11:34am | 97Shares of First Horizon National Corporation (NYSE: FHN) are lower on the session by 0.94%, trading at $11.61. Overall call volume is now running at 2.40x the daily average, with 25% of all calls traded being purchases on the offer. 1,021 contracts have traded on the session so far. First Horizon...
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Morning Market Movers (MCZ, IPGP, ALU, UNB)
Thursday, February 10, 2011 - 11:07am | 111Mad Catz Interactive Inc (AMEX: MCZ) jumped 22.31% to $1.48 at 10:00 am. MCZ reported 90.6% y/y jump in its FQ3 net sales. IPG Photonics Corporation (NASDAQ: IPGP) shares advanced 19.14% to $41.40. IPGP lifted its earnings and revenue projections for the fourth quarter. Alcatel-Lucent (NYSE: ALU)...
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Wunderlich Securities Lowers HBHC Target To $42 From $45
Thursday, February 10, 2011 - 10:36am | 120Wunderlich Securities is reiterating its Buy rating on shares of Hancock Holding Company (NASDAQ: HBHC), “but we are adjusting our price target downward by $3.00 to $42.00.” “On December 22, 2010, Hancock announced that it is acquiring Whitney Holding Corporation (NASDAQ: WTNY) in an all-stock...
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Wunderlich Securities Lowers Hancock Holding's PT Tp $42, Reiterates Buy (HBHC)
Thursday, February 10, 2011 - 8:51am | 125Wunderlich Securities lowered its Hancock Holding (NASDAQ: HBHC) price target to $42 from $45 and reiterated Hancock Holding's Buy rating in a research report published today. In the report, Wunderlich Securities states, "On December 22, 2010, Hancock announced that it is acquiring Whitney Holding...