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Stock Market & Financial Investment News

News Breaks
February 5, 2013
12:22 EDTFSBK, CFNL, TCBI, BTFG, FNBNRegional banks climb after Fed governor positive on prospects
A number of regional bank stocks are climbing after Fed Governor Elizabeth Duke said, "The future of community banking is bright," according to a transcript of her remarks provided by the Fed. Most banks' credit metrics are improving, and their capital positions are stronger, said Duke. Bank shareholders should benefit as the economy rebounds, she added. In addition, more than ever before, officials are refraining from forcing community banks to adhere to the same regulations that large banks will be forced to follow, she stated. Meanwhile, small banks' share of deposits has increased slightly in rural areas over the past decade, Duke said. In early afternoon trading, BancTrust Financial (BTFG) rose 2% to $2.92, Cardinal Financial (CFNL) gained 2% to $16.41, FNB United (FNBN) climbed 1% to $11.18, Texas Capital Banchsares (TCBI) added 1% to $41.90, and First South Bancorp. (FSBK) rose 3.5% to $6.46.
News For BTFG;CFNL;FNBN;TCBI;FSBK From The Last 14 Days
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April 23, 2015
10:00 EDTTCBIOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: ADTRAN (ADTN) downgraded to Hold from Buy at Needham... Angie's List (ANGI) downgraded to Underperform from Market Perform at Northland... BG Group (BRGYY) downgraded to Hold from Overweight at HSBC... Brink's (BCO) downgraded to Neutral, sees 'imminent' downside risk, says Macquarie... Citrix (CTXS) downgraded to Hold from Buy at Evercore ISI... Cognex (CGNX) downgraded to Perform from Outperform at Oppenheimer... Cytec Industries (CYT) downgraded to Equal-Weight from Overweight at First Analysis... Enbridge (ENB) downgraded to Neutral from Outperform at Credit Suisse... Ensco (ESV) downgraded to Underweight from Equal Weight at Morgan Stanley... F5 Networks (FFIV) downgraded to Neutral from Buy at MKM Partners... Fulton Financial (FULT) downgraded to Market Perform from Outperform at Keefe Bruyette... Halcon Resources (HK) downgraded to Neutral from Outperform at Baird... Heartland Express (HTLD) downgraded on limited earnings growth at Raymond James... Informatica (INFA) downgraded to Market Perform from Outperform at JMP Securities... Knight Transportation (KNX) downgraded to Outperform from Strong Buy at Raymond James... LegacyTexas Financial (LTXB) downgraded to Outperform from Strong Buy at Raymond James... Masco (MAS) downgraded to Neutral from Buy at Citigroup... MobileIron (MOBL) downgraded to Equal Weight from Overweight at Morgan Stanley... Noble Corp. (NE) downgraded to Underweight from Equal Weight at Morgan Stanley... Omnicare (OCR) downgraded to Neutral from Outperform at Credit Suisse... Owens Corning (OC) downgraded to Sell from Neutral at Citigroup... Qualcomm (QCOM) downgraded to Neutral from Outperform at Exane BNP Paribas... RAM Energy (RAME) downgraded to Neutral from Outperform at Baird... Repsol (REPYY) downgraded to Reduce from Hold at HSBC... Stillwater Mining (SWC) downgraded on lack of catalysts at BB&T... Texas Capital (TCBI) downgraded to Outperform from Strong Buy at Raymond James... Texas Instruments (TXN) downgraded to Neutral from Buy at BofA/Merrill... Total (TOT) downgraded to Hold from Buy at Deutsche Bank... Transocean (RIG) downgraded to Underweight from Equal Weight at Morgan Stanley.
07:09 EDTTCBITexas Capital downgraded to Outperform from Strong Buy at Raymond James
Raymond James downgraded Texas Capital to Outperform and maintained its $55 price target following the in-line Q1 report citing valuation.
April 22, 2015
16:10 EDTTCBITexas Capital reports Q1 EPS 70c, consensus 70c
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12:48 EDTCFNLCardinal Financial reports Q1 operating EPS 30c, consensus 28c
Tangible common equity capital as a percentage of total assets was 10.00% at March 31.
April 15, 2015
08:28 EDTTCBIMortgage names have positive read throughs from bank results, says SunTrust
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