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Stock Market & Financial Investment News

News Breaks
May 13, 2014
09:55 EDTHAFC, HAFC, GBCI, GBCI, HFWA, HFWA, BBCN, BBCN, SYBT, SYBT, TCBI, TCBIDA Davidson to hold a conference
16th Annual Financial Services Conference is being held in Denver, Colorado on May 13-14 with webcasted company presentations to begin on May 13 at 10 am. Webcast Link
News For HAFC;GBCI;HFWA;BBCN;SYBT;TCBI From The Last 14 Days
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February 3, 2016
07:07 EDTGBCI, HAFCFIG Partners to hold a forum
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February 1, 2016
10:00 EDTGBCIOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Air Products (APD) upgraded to Buy from Neutral at UBS... American Airlines (AAL) upgraded to Outperform from Market Perform at Cowen... Axiall (AXLL) upgraded to Overweight from Neutral at JPMorgan... BASF (BASFY) upgraded to Buy from Hold at Societe Generale... CNH Industrial (CNHI) upgraded to Neutral from Underperform at BofA/Merrill... CU Bancorp (CUNB) upgraded to Outperform from Market Perform at Fig Partners... CaixaBank (CAIXY) upgraded to Hold from Sell at Societe Generale... Chipotle (CMG) upgraded to Neutral from Underperform at BofA/Merrill... Concho Resources (CXO) upgraded to Buy from Neutral at SunTrust... Continental Building (CBPX) upgraded to Buy from Hold at BB&T... Eastman Chemical (EMN) upgraded to Buy from Outperform at CLSA... Extreme Networks (EXTR) upgraded to Buy from Hold at Needham... Glacier Bancorp (GBCI) upgraded to Outperform from Market Perform at Fig Partners... IBERIABANK (IBKC) upgraded to Strong Buy from Outperform at Raymond James... Infineon (IFNNY) upgraded to Buy from Neutral at UBS... Jarden (JAH) upgraded to Outperform from Market Perform at Raymond James... Joy Global (JOY) upgraded to Overweight from Equal Weight at Barclays... KT Corporation (KT) upgraded to Overweight from Neutral at JPMorgan... Kennametal (KMT) upgraded to Neutral from Underperform at BofA/Merrill... L-3 Communications (LLL) upgraded to Buy on valuation at BofA/Merrill... Maximus (MMS) upgraded to Outperform from Market Perform at Raymond James... Micron (MU) upgraded to Neutral from Sell at Goldman... Monster Beverage (MNST) upgraded to Outperform from Market Perform at Wells Fargo... Newell Rubbermaid (NWL) upgraded to Outperform from Market Perform at Raymond James... Northrop Grumman (NOC) upgraded to Buy from Neutral at BofA/Merrill... PTC (PTC) upgraded to Buy from Neutral at Sterne Agee CRT... Peoples Bancorp (PEBO) upgraded to Outperform from Neutral at Boenning & Scattergood... Praxair (PX) upgraded to Buy from Neutral at UBS... Proofpoint (PFPT) upgraded to Outperform from In-Line at Imperial Capital... Seagate (STX) upgraded to Hold from Sell at Benchmark... Siemens (SIEGY) upgraded to Buy from Neutral at Nomura... Superior Drilling (SDPI) upgraded to Buy from Hold at Wunderlich... Vertex (VRTX) upgraded to Buy from Hold at Jefferies... Werner (WERN) upgraded to Strong Buy from Outperform at Raymond James... ZAIS Financial (ZFC) upgraded to Overweight from Equal Weight at Barclays.
09:34 EDTGBCIGlacier Bancorp upgraded to Outperform from Market Perform at Fig Partners
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January 28, 2016
16:38 EDTGBCIGlacier Bancorp reports Q4 EPS 39c, consensus 40c
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10:04 EDTHAFCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Amdocs (DOX) upgraded to Buy from Neutral at BofA/Merrill... Cheesecake Factory (CAKE) upgraded to Overweight from Equal Weight at Stephens... Chemical Financial (CHFC) upgraded to Buy from Hold at Sandler O'Neill... Cimarex Energy (XEC) upgraded to Buy from Hold at Wunderlich... Cirrus Logic (CRUS) upgraded to Outperform from Perform at Oppenheimer... Citrix (CTXS) upgraded on Q4 results, valuation at JMP Securities... Comerica (CMA) upgraded to Market Perform from Underperform at BMO Capital... Community Health (CYH) upgraded to Market Perform from Underperform at Raymond James... Denny's (DENN) upgraded to Overweight from Equal Weight at Stephens... Dolby (DLB) upgraded to Buy from Neutral at Dougherty... EMC (EMC) upgraded to Buy from Neutral at Mizuho... Halliburton (HAL) upgraded to Buy from Accumulate at KLR Group... Hanmi Financial (HAFC) upgraded to Strong Buy from Outperform at Raymond James... Hawaiian Holdings (HA) upgraded to Neutral at BofA/Merrill... Hologic (HOLX) upgraded to Buy from Hold at Needham... Kinder Morgan (KMI) upgraded at Stifel... MGM China (MCHVF) upgraded to Overweight from Neutral at JPMorgan... Nimble Storage (NMBL) upgraded to Buy from Hold at Maxim... Patterson Companies (PDCO) upgraded to Buy from Neutral at UBS... PayPal (PYPL) upgraded to Outperform on core market share gains at Wedbush... Prosperity Bancshares (PB) upgraded to Buy from Neutral at DA Davidson... RPC, Inc. (RES) upgraded to Overweight from Equal Weight at Morgan Stanley... Rowan Companies (RDC) upgraded to Equal Weight from Underweight at Morgan Stanley... SanDisk (SNDK) upgraded to Buy from Neutral at Mizuho... Stillwater Mining (SWC) upgraded to Outperform from Market Perform at FBR Capital... Vantiv (VNTV) upgraded to Positive from Neutral at Susquehanna... Wilshire Bancorp (WIBC) upgraded to Outperform from Market Perform at Raymond James.
09:36 EDTHAFCFollow-up: Hanmi Financial upgraded to Strong Buy at Raymond James
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08:04 EDTHFWAHeritage Financial reports Q4 EPS 32c, consensus 29c
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06:10 EDTHAFCHanmi Financial upgraded to Strong Buy from Outperform at Raymond James
January 27, 2016
07:31 EDTSYBTS.Y. Bancorp reports Q4 EPS 64c, consensus 62c
Net interest income increased $1.3 million or 6% to $22.8 million in the fourth quarter of 2015 from $21.5 million in the prior-year quarter. As anticipated, net interest margin -- on a fully tax-equivalent basis -- remained under pressure throughout 2015, reflecting the prevailing low interest rate environment as well as the impact of heightened competition on lending rates. In the fourth quarter of 2015, net interest margin was 3.57% versus 3.66% in the third quarter of 2015 and 3.67% in the fourth quarter of 2014. Approximately six basis points of the decline in net interest margin in the fourth quarter of 2015 versus the linked third quarter was due to excess liquidity caused by the temporary inflow of short-term public funds at the end of the year. While this excess liquidity is maintained in low-yielding short-term investments and consequently results in lower net interest margin, it does add to earnings. The Company expects liquidity to return to normal levels during the first and second quarters of 2016. Management anticipates continued margin pressure due to competition and the low interest rate environment. Since approximately 65% of the Company's loan portfolio is set at fixed rates and 15% is priced at variable rates with floors of 4%, rate increases will not fully benefit the Company until fixed rate loans reprice and the prime rate, currently at 3.5%, rises to exceed the 4% floors on variable rate loans. However, higher interest rates do immediately increase earnings on the Bank's liquidity.

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