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KBW Changes Estimates On Citizens South Banking Corp
Tuesday, July 26, 2011 - 11:17am | 55According to KBW, Citizens South Banking Corp (NASDAQ: CSBC), EPS estimates have been revised. KBW has reported a change in their EPS estimates for CSBC from ($0.40) to ($0.22) for FY11, leaving FY12 and FY13 unchanged. PT is set to $6.00 with a rating of Outperform. CSBC closed yesterday at $4....
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Compass Point Reiterates Neutral and PT of $14 on People's United Financial
Tuesday, July 26, 2011 - 8:14am | 49Compass Point reiterated its Neutral rating on People's United Financial (NASDAQ: PBCT). At the same time, the rating agency left its price target on the company's stock unchanged at $14. On Monday, PBCT lost 0.75% of its value to finish the day at $13.18.
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KBW Revises Estimates For Ocwen
Tuesday, July 26, 2011 - 7:44am | 47According to KBW, Ocwen Financial Corporation (NYSE: OCN), EPS estimates have been revised. KBW announced a decrease in Ocwen's EPS estimates from $1.27 to $1.19 for FY11. Market is set to Outperform and PT is set to $14. Ocwen closed yesterday at $13.18.
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Merck to Acquire Rights to Vernakalant i.v. in Canada, Mexico and the United States from Astellas
Tuesday, July 26, 2011 - 7:39am | 252Merck (NYSE: MRK), known as MSD outside the United States and Canada, and Astellas US LLC, the U.S. subsidiary of Astellas Pharma Inc. (Tokyo:4503) today announced that they have entered into an agreement under which Merck, through a subsidiary, will acquire the exclusive rights to develop and...
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Stocks to Watch for Tuesday 7/26/2011: Fresh 52 Week Highs and Lows
Tuesday, July 26, 2011 - 4:07am | 1751Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and entry/exit points become more defined. The following stocks hit new 52-week highs in Monday's trading session (listed from highest total volume to lowest):...
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KBW Reiterates Market Perform on New York Community Bank, Reduces PT to $15
Monday, July 25, 2011 - 9:26am | 53KBW reiterated its Market Perform rating on New York Community Bank (NYSE: NYB). At the same time, the rating agency reduced its price target to $15. On Friday, NYB closed the day at $14.43. Its shares added 0.35% to their value in today's pre-market trading to stand around $14.48.
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Stocks Going Ex Dividend the First Week of August
Sunday, July 24, 2011 - 1:38am | 711Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...
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Options Brief: New York Community Bancorp
Friday, July 22, 2011 - 1:51pm | 84Shares of New York Community Bancorp (NYSE: NYB) are lower on the session by 3.53%, trading at $14.47. Overall put volume is now running at 2.48x the daily average, with 65% of all puts traded being purchases on the offer. 1,216 contracts have traded on the session so far. New York Community...
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KBW Maintains Market Perform on Hudson City Bancorp
Friday, July 22, 2011 - 9:50am | 101KBW is out with its report today on Hudson City Bancorp (NASDAQ: HCBK), maintaining Market Perform. In a note to clients, KBW writes, "Hudson City posted operating EPS of $0.19 as a result of a stronger than expected margin due to the restructuring completed in March. The company has made the...
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United Financial Bancorp Announces 13% Increase in Quarterly Dividend Payment to $0.09/Share
Friday, July 22, 2011 - 9:35am | 185United Financial Bancorp (NASDAQ: UBNK), the holding company for United Bank, reported net income of $2.7 million, or $0.18 per diluted share, for the second quarter of 2011 compared to net income of $2.9 million, or $0.19 per diluted share, for the corresponding period in 2010. For the six months...
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UPDATE: KBW Lowers PT on Astoria Financial to $11
Friday, July 22, 2011 - 9:34am | 98KBW is out with its report today on Astoria Financial (NYSE: AF), lowering its PT to $11. In a note to clients, KBW writes, "Operating EPS of $0.18 disappointed on the margin, fees, expenses & provision. The margin fell 6 bps to 2.34% as lower earning asset yields were met with an uptick in...
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KBW Reiterates Outperform on People's United Financial
Friday, July 22, 2011 - 8:38am | 89KBW is out with its report today on People's United Financial (NASDAQ: PBCT), reiterating Outperform. In a note to clients, KBW writes, "Operating earnings for PBCT exceeded both Street and KBW estimates as the bank's bottom line benefited from spread and fee income growth. Organic loan and...
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KBW Maintains Market Perform on Brookline Bancorp
Friday, July 22, 2011 - 8:36am | 100KBW is out with its report today on Brookline Bancorp (NASDAQ: BRKL), maintaining Market Perform. In a note to clients, KBW writes, "Operating results for BRKL were in-line with expectations as the bank reported earnings of $0.13/sh. While there were some moving parts in relationship to our model...
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KBW Reiterates Outperform on First Niagara Financial Group
Friday, July 22, 2011 - 8:32am | 116KBW is out with its report today on First Niagara Financial Group (NASDAQ: FNFG), reiterating Outperform. In a note to clients, KBW writes, "Operating results of $0.25/sh beat expectations by a penny and matched our estimate. Versus our model, we saw expense control and a greater buyback offset...
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Jefferies Raises PBCT PT To $15
Friday, July 22, 2011 - 7:53am | 98Jefferies has issued a report raising the Price Target on People's United Financial (NASDAQ: PBCT) from $14 to $15 a share. According to the report, "After the close, People's reported operating EPS of $0.17, which compared to our and the consensus estimate of $0.15. The beat was tied to a higher...