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UPDATE: MGIC Investment Swings To Q2 Loss
Monday, July 18, 2011 - 7:46am | 77MGIC Investment Corp (NYSE: MTG) swung to a loss in the second quarter. MGIC reported quarterly a loss of $151.7 million, or $0.75 per share, versus a profit of $24.6 million, or $0.13 per share, in the year-ago period. Its revenue dropped 9.7% to $367 million. Analysts were expecting earnings of...
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Merger Arbitrage Mondays – July 18, 2011
Monday, July 18, 2011 - 6:21am | 4847Merger activity rebounded again with six new deals announced and four closing. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 125 Total Number of Deals Not...
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ValuEngine Issues Strong Sell on Flagstar Bancorp
Monday, July 18, 2011 - 6:06am | 31ValuEngine issued a Strong Sell rating on Flagstar Bancorp (NYSE: FBC). On Friday, FBC added 0.83% to its value to finish the day at $1.21.
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Hot stock picks for next week
Friday, July 15, 2011 - 6:21pm | 2029( click to enlarge ) Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) is forming a cup and handle pattern on the daily chart, indicating a break higher possible. RRGB may still drift down further and that remains the risk here. At this point, the stock needs to show a sign of strength above the...
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Northern Earnings Preview: Analysts Predict Higher Earnings Over Prior Quarter
Friday, July 15, 2011 - 10:16am | 540Northern (NASDAQ: NTRS) earnings are right around the corner! Don't be caught off-guard: The company unveils its next round of earnings this Wednesday, July 20, 2011. Wondering what to expect from this Wednesday's announcement? Don't worry. Here's your essential guide to Northern's second quarter...
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BankAtlantic Bancorp, Inc. Announces Final Approval of Settlement Agreement
Thursday, July 14, 2011 - 4:21pm | 84BankAtlantic Bancorp, Inc. (NYSE: BBX) announced today that Judge Ursula Ungaro has granted final approval of the settlement that was reached in the shareholder derivative action that was filed against certain of the Company's directors and executive officers in the United States District Court for...
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First Federal Savings Bank Seeks New State Charter, Reveals Plans for New Name
Thursday, July 14, 2011 - 3:32pm | 77First Advantage Bancorp (Nasdaq: FABK), the holding company of First Federal Savings Bank, today announced that the Bank filed a notice of intent to convert from a federally-chartered savings bank to a Tennessee-chartered bank with the Office of Thrift Supervision, Tennessee Department of Financial...
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Piper Jaffray Reiterates Overweight on MTG, AGO and RDN
Thursday, July 14, 2011 - 7:18am | 92Piper Jaffray reiterated its Overweight rating on MGIC Investment (NYSE: MTG), Radian (NYSE: RDN) and Assured Guaranty (NYSE: AGO). On Wednesday, MTG added 1.6% to its value to end the day at $6.36, while RDN rose 3.54% to finish the day at $4.39. At the same time, AGO lost 0.3% of its value on...
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Stocks to Watch for Thursday 7/14/2011: Fresh 52 Week Highs and Lows
Thursday, July 14, 2011 - 2:29am | 1820Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Wednesday's trading session (listed from highest total volume to lowest): 1) SPDR Gold Shares (NYSE: GLD):...
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Berkshire Hills and Legacy to Divest Four Legacy Banks Branches to NBT Bank
Wednesday, July 13, 2011 - 4:06pm | 175Berkshire Hills Bancorp, Inc. (NASDAQ: BHLB) and Legacy Banks, the banking subsidiary of Legacy Bancorp, Inc. (NASDAQ: LEGC) have entered into an agreement to sell four Legacy Banks branches in Berkshire County to NBT Bank, N.A., the banking subsidiary of NBT Bancorp Inc. (NASDAQ: NBTB). The...
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First Place Announces Progress on Earnings Restatement and Regulatory Agreement; Currently Halted
Wednesday, July 13, 2011 - 2:39pm | 345First Place Financial Corp. (Nasdaq: FPFC) announced today that it has made progress toward the restatement of its financial results stemming from adjustments to be made to the allowance for loan losses for First Place Bank, the Company's wholly-owned subsidiary. The increase to the allowance will...
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LendingTree Weekly Mortgage Rate Pulse Reports Rates Decline
Wednesday, July 13, 2011 - 12:33pm | 33Average mortgage rates fell this week, according to the LendingTree (NASDAQ: TREE) Weekly Mortgage Rate Pulse for July 12. Rates averaged 4.77% (4.94% APR) for 30-year fixed mortgages.
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NASDAQ Stocks Hitting 52-Week Highs
Wednesday, July 13, 2011 - 10:25am | 121Ruth's Hospitality Group Inc (NASDAQ: RUTH) shares rose 5.74% to create a new 52-week high of $7.00. RUTH's PEG ratio is 1.27. Oritani Financial Corp (NASDAQ: ORIT) shares gained 0.77% to create a new 52-week high of $13.14. ORIT's trailing-twelve-month operating margin is 42.38%. National...
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Cheviot Financial Corp. Announces Plan to Sell Additional Stock and Convert to Fully Public Company
Tuesday, July 12, 2011 - 5:21pm | 50Cheviot Financial (Nasdaq: CHEV), the parent company for Cheviot Savings Bank, announced today that its Board of Directors, together with the Boards of Directors of Cheviot Mutual Holding Company and Cheviot Savings Bank have unanimously adopted a Plan of Conversion and Reorganization.
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Stock Market Ideas for Tuesday, July 12
Monday, July 11, 2011 - 5:53pm | 1481( click to enlarge ) This still looks pretty good on the daily chart with volume expanding as it moves higher. Coffee Holding Co., Inc. (NASDAQ:JVA) continues to look bullish and had a decent day today. The stock hit a high of $30.98, which is resistance for the next upside move. I'm buyer of...