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Stock Market & Financial Investment News

News Breaks
March 10, 2014
04:55 EDTEWBC, EWBC, PROV, PROV, PACW, PACW, BOFI, BOFI, BMRC, BMRC, BANR, BANR, AMRB, AMRB, HAFC, HAFC, HEOP, HEOP, GBNK, GBNK, INBK, INBK, HMST, HMST, FIBK, FIBK, COBZ, COBZSandler O'Neill to hold a conference
West Coast Financial Services Conference is being held in Phoenix, Arizona on March 10-11.
News For EWBC;FIBK;HMST;INBK;GBNK;HEOP;HAFC;AMRB;BANR;BMRC;BOFI;PACW;PROV;COBZ From The Last 14 Days
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October 23, 2014
16:45 EDTINBKFirst Internet Bancorp reports Q3 EPS 28c, consensus 19c
Net interest income for the third quarter was $5.7M compared to $5.4Mn for the second quarter and $4.4M for the third quarter 2013. Compared to the linked quarter, total interest income increased $0.3M, or 4.4%, and total interest expense increased less than $0.1 million, or 1.6%. The increase in total interest income was driven by a $69.8M increase, or 12.4%, in average loan balances, partially offset by a decline in the yield earned on the loan portfolio. Additionally, the impact of the loan growth was offset by a decline of $55.1M or 28.3%, in the average balance of the investment portfolio. The decline in investment balances was the result of continued efforts to increase the liquidity profile and reduce the interest rate risk and duration of the portfolio. The increase in expense during the quarter was due primarily to an increase of 1.3% in average interest-bearing deposits.
October 22, 2014
16:02 EDTBANRBanner Corp. reports Q3 EPS 76c, consensus 62c
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10:09 EDTEWBCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AOL (AOL) upgraded to Buy from Hold at Evercore... ARM Holdings (ARMH) upgraded to Buy from Neutral at UBS... American Assets Trust (AAT) upgraded to Buy from Hold at MLV & Co.... American Midstream Partners (AMID) upgraded to Buy from Neutral at Ladenburg... BancorpSouth (BXS) upgraded to Neutral from Underweight at JPMorgan... Chesapeake (CHK) upgraded at UBS... Chuy's (CHUY) upgraded to Buy from Hold at Stifel... Dean Foods (DF) upgraded to Overweight from Equal Weight at Morgan Stanley... East West Bancorp (EWBC) upgraded at BMO Capital... El Paso Electric (EE) upgraded to Buy from Neutral at Ladenburg... Generac (GNRC) upgraded to Buy from Hold at KeyBanc... Gold Fields (GFI) upgraded to Overweight from Neutral at HSBC... Harmony Gold (HMY) upgraded to Neutral from Underweight at HSBC... Hess Corp. (HES) upgraded to Buy from Neutral at UBS... Hovnanian (HOV) upgraded to Market Perform from Underperform at JMP Securities... Intuitive Surgical (ISRG) upgraded to Buy from Neutral at BTIG... OMV AG (OMVKY) upgraded to Neutral from Underperform at Credit Suisse... Seaspan (SSW) upgraded to Neutral from Underperform at Credit Suisse... Sibanye Gold (SBGL) upgraded to Neutral from Underweight at HSBC... Smith & Nephew (SNN) upgraded to Overweight from Equal Weight at Barclays... Southwestern Energy (SWN) upgraded to Buy from Hold at Maxim... Steel Dynamics (STLD) upgraded to Outperform from Neutral at Macquarie... Steris (STE) upgraded to Strong Buy from Market Perform at Raymond James... Tesoro Logistics (TLLP) upgraded to Strong Buy from Outperform at Raymond James... Texas Instruments (TXN) upgraded to Outperform from Market Perform at Bernstein... Twitter (TWTR) upgraded to Hold from Sell at Hudson Square... Vanguard Natural (VNR) upgraded to Buy from Hold at Wunderlich... Volaris (VLRS) upgraded to Buy from Hold at Deutsche Bank... Wilshire Bancorp (WIBC) upgraded to Outperform from Neutral at Macquarie... Yahoo (YHOO) upgraded to Outperform from Market Perform at FBR Capital.
07:36 EDTEWBCEast West Bancorp upgraded at BMO Capital
As previously reported, BMO Capital upgraded East West Bancorp to Outperform from Market Perform. The firm upgraded shares following the Q3 report citing a favorable earnings outlook and attractive valuation. Price target raised to $42 from $40.
07:04 EDTPACWPacWest Bancorp reports Q3 adjusted EPS 66c, consensus 69c
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05:57 EDTEWBCEast West Bancorp upgraded to Outperform from Market Perform at BMO Capital
Price target is $42.
October 21, 2014
10:00 EDTBMRCOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AbbVie (ABBV) downgraded to Neutral from Buy at Guggenheim... BHP Billiton (BHP) downgraded to Hold from Buy at Jefferies... Bank of Marin (BMRC) downgraded to Market Perform from Outperform at Keefe Bruyette... Cobalt (CIE) downgraded to Speculative Buy from Buy at Global Hunter... Consolidated Edison (ED) downgraded to Underweight at Morgan Stanley... Deutsche Post (DPSGY) downgraded to Hold from Buy at Deutsche Bank... HCP (HCP) downgraded to Hold from Buy at Jefferies... IBM (IBM) downgraded to Hold from Buy at Evercore... Inland Real Estate (IRC) downgraded to Underperform from Neutral at BofA/Merrill... PerkinElmer (PKI) downgraded to Neutral from Buy at Janney Capital... Philips (PHG) downgraded to Neutral at UBS... QEP Midstream Partners (QEPM) downgraded to Market Perform at Wells Fargo... Rent-A-Center (RCII) downgraded to Market Perform from Outperform at Raymond James... Rhino Resources (RNO) downgraded to Underperform from Market Perform at Raymond James... Universal Forest (UFPI) downgraded to Neutral from Buy at Sterne Agee.
05:52 EDTBMRCBank of Marin downgraded to Market Perform from Outperform at Keefe Bruyette
Keefe Bruyette downgraded Bank of Marin to Market Perform citing valuation following the company's Q3 results. The firm has a $50 price target for shares.
October 20, 2014
17:06 EDTEWBCEast West Bancorp sees FY14 EPS $2.37-$2.39, consensus $2.35
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17:05 EDTEWBCEast West Bancorp sees Q4 EPS 63c-65c, consensus 61c
17:04 EDTEWBCEast West Bancorp reports Q3 EPS 62c, consensus 60c
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15:30 EDTEWBCNotable companies reporting after market close
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08:06 EDTBMRCBank of Marin reports Q3 EPS 89c, consensus 85c
Bank of Marin reports Q3 net interest income $17.5M Reports Q3 non-interest expense totaled $11.4M. Reports Q3 gross loans increased $22.5 from the prior quarter. There was no provision for loan losses in the third quarter of 2014 compared to $600 thousand in the prior quarter.
October 17, 2014
10:00 EDTAMRBOn The Fly: Analyst Downgrade Summary
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09:18 EDTAMRBAmerican River downgraded to Hold from Buy at Sandler ONeill
Sandler O'Neill downgraded American River to Hold based on valuation following earnings. Price target remains $10.
October 16, 2014
09:21 EDTAMRBAmerican River reports Q3 EPS 14c, consensus 12c
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October 15, 2014
16:12 EDTGBNKGuaranty Bancorp reports Q3 EPS 22c, consensus 22c
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