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Keefe Bruyette Upgrades BHLB To Outperform
Wednesday, October 13, 2010 - 6:38am | 51Analysts at Keefe Bruyette upgrade Berkshire Hills Bancorp Inc (NASDAQ: BHLB) from "market perform" to "outperform." The target price for BHLB is set to $22. BHLB's shares lost 4.26% to close at $17.98 yesterday. More Analyst Ratings here
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NASDAQ Stocks Hitting 52-Week Highs (WYNN, ACOM, DCOM, PTIE)
Tuesday, October 12, 2010 - 11:04am | 149Wynn Resorts Limited (NASDAQ: WYNN) shares gained 2.33% to create a new 52-week high of $104.15. Analysts at BMO Capital Markets downgraded WYNN from "outperform" to "market perform." Ancestry.com Inc (NASDAQ: ACOM) shares rose 3.61% to touch a new 52-week high of $24.70. ACOM's quarterly earnings...
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Berkshire Hills Bancorp to Acquire Rome Bancorp for $74M
Tuesday, October 12, 2010 - 9:08am | 58Berkshire Hills Bancorp, Inc. (Nasdaq: BHLB), and Rome Bancorp, Inc. (Nasdaq: ROME) announced today that they have signed a definitive merger agreement under which Berkshire will acquire Rome and its subsidiary, The Rome Savings Bank, in a transaction valued at approximately $74 million.
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Mad Money Lightning Round OT: Cramer Sees UPS At $80 (PBCT, UPS, TKLC, RTP, VALE)
Monday, October 11, 2010 - 8:26pm | 189On CNBC's Mad Money Lightning Round OT, Jim Cramer said that banks are really struggling, but he would buy People's United Financial, Inc. (NASDAQ: PBCT) because it has a nice dividend. People's United Financial, Inc. (PBCT) fell 0.30% today. Cramer thinks that United Parcel Service, Inc. (NYSE:...
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Earnings Scheduled For October 11 (GPN, ZEP, CGX, HCSG, NHTB, ISBC, MTG)
Monday, October 11, 2010 - 4:55am | 165Global Payments Inc (NYSE: GPN) is likely to post its Q1 EPS at $0.69. Zep Inc (NYSE: ZEP) may report its Q4 earnings at $0.38 per share. Consolidated Graphics Inc (NYSE: CGX) is expected to earn $0.59 per share in the second quarter. Healthcare SVCS Group Inc (NASDAQ: HCSG) may post its Q3 EPS at...
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Coverage Initiated For CLD, VMW, VPFG, TNP
Friday, October 8, 2010 - 10:17am | 61FBR Capital Markets has initiated coverage for the following companies: Market Perform: Cloud Peak Energy (NYSE: CLD) $21 price target VMware (NYSE: VMW) $82 price target Outperform: Tsakos Energy (NYSE: TNP) $18 price target ViewPoint Financial (NASDAQ: VPFG) $12 price target
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FBR Capital Opens VPFG With Outperform
Friday, October 8, 2010 - 5:58am | 51Analysts at FBR Capital initiate coverage of ViewPoint Financial Group (NASDAQ: VPFG) with an "outperform" rating. The target price for VPFG is set to $12. VPFG's shares fell 0.54% to close at $9.25 yesterday. More Analyst Ratings here
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Mortgage Insurers Improving But Still Face Headwinds
Thursday, October 7, 2010 - 7:11am | 155While the trend in delinquencies remains the most important factor for the mortgage insurance companies in the view of Keefe Bruyette & Woods, several other data points will be of interest in the third quarter. In terms of rescissions, it believes the market is conditioned for a modest...
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ESSA Bancorp, Inc. Announces Stock Repurchase Program Completion
Wednesday, October 6, 2010 - 4:21pm | 86ESSA Bancorp, Inc. (NASDAQ: ESSA) announced the completion of its second stock repurchase program, purchasing 1,499,100 shares at a weighted average cost of $12.36. ESSA Bancorp, Inc. also announced today that its Board of Directors has authorized a third stock repurchase program to purchase up to...
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US financial Sector Down, Led By M&T Bank (MTB, AIB, CBG, MROE, ONB, ABK, PMI)
Wednesday, October 6, 2010 - 2:16pm | 237The US financial sector was slightly down, after the weaker-than-expected private-sector employment report. Shares of M&T Bank Corp (NYSE: MTB) fell after a major shareholder announced its plans to sell its stake. Shares of MTB dropped about 5.41% to lead the list of financial decliners in the...
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Wayne Savings Bancshares, Inc. Announces the Election of Rod C. Steiger as President and CEO
Tuesday, October 5, 2010 - 3:03pm | 157Wayne Savings Bancshares, Inc. (Nasdaq: WAYN) announced that the Board of Directors has appointed director Rod Steiger to the positions of President and Chief Executive Officer of both the Company and the Bank, effective January 15, 2011. Phillip E. Becker, Director, President and Chief Executive...
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Heritage Financial Group Declares Quarterly Cash Dividend of $0.09
Tuesday, October 5, 2010 - 12:04pm | 66Heritage Financial Group (NASDAQ: HBOS) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.09 per share. The dividend will be paid on October 29, 2010, to stockholders of record as of October 15, 2010. Heritage, MHC, which holds 7,868,875 shares or...
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Ocwen Financial Sells Off After Foreclosure Doc Errors
Tuesday, October 5, 2010 - 8:38am | 131A number of recent news articles have suggested that possible foreclosure documentation processing errors by lenders/servicers could open the door to legal challenges against the validity of some foreclosures and could materially slow foreclosure processing. These fears could have been a key...
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Top 4 Small-Cap Stocks In The Savings And Loans Industry With The Lowest PEG Ratio (RVSB, OCFC, FFIC, UBNK)
Tuesday, October 5, 2010 - 5:40am | 125Below are the top small-cap savings and loans' stocks on the NYSE and the NASDAQ in terms of PEG ratio. Riverview Bancorp Inc (NASDAQ: RVSB) has a PEG ratio of 0.61. RVSB's quarterly earnings surged 414.60% y/y. OceanFirst Financial Corp (NASDAQ: OCFC) has a PEG ratio of 1.15. OCFC's trailing-...
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Bank of America Stalls Foreclosure Process - Analyst Blog
Monday, October 4, 2010 - 11:21pm | 980On Friday, Bank of America Corporation (BAC) announced that it is holding up foreclosures in 23 states to examine whether some of its former executives rushed through documents of homeowners without properly evaluating the authenticity of the information. The verification includes the accuracy of...