First Bancorp (FBP) 4.33 $FBP
Blackstone (BX) Buys Stake in Marathon Asset Management
Zacks Equity Research - Zacks Investment Research - Thu Jun 23, 7:56AM CDT
The Blackstone Group L.P. (BX) has acquired a minority interest in New York-based hedge fund, Marathon Asset Management
BX: 24.80 (+0.23), NWBI: 15.09 (-0.01), FBP: 4.33 (-0.03), LPLA: 24.07 (+0.02)
Stifel Financial's Shareholders Favor Criticized Stock Plan
Zacks Equity Research - Zacks Investment Research - Tue Jun 21, 7:58AM CDT
Shareholders of Stifel Financial Corp. (SF) approved changes to the company's equity incentive plan which had drawn criticism from a major proxy advisory firm, Institutional Shareholder Services (ISS)
SF: 32.10 (-0.25), NWBI: 15.09 (-0.01), FBP: 4.33 (-0.03), LPLA: 24.07 (+0.02)
Stocks Coverage on the Financial Sector -- GAMCO Global Gold, Natural Resources & Income Trust, Apollo Global Management, First Bancorp, and HDFC Bank
PR Newswire - Mon Jun 20, 7:35AM CDT
On Friday, June 17, 2016, the NASDAQ Composite ended the trading session at 4,800.34, down 0.92%; the Dow Jones Industrial Average edged 0.33% lower, to finish at 17,675.16; and the S&P 500 closed at 2,071.22, down 0.33%. However, five out of nine sectors ended the session in positive. Stock-Callers.com has initiated coverage on the following equities: GAMCO Global Gold, Natural Resources & Income Trust (NYSEMKT: GGN), Apollo Global Management LLC (NYSE: APO), First Bancorp (NYSE: FBP), and HDFC Bank Ltd (NYSE: HDB). Learn more about these stocks by accessing their free trade alerts at:
APO: 15.71 (+0.12), HDB: 67.42 (-0.38), FBP: 4.33 (-0.03), GGN: 6.54 (-0.10)
BlackRock Buys 50% Stake in Texas Wind Project from GE
Zacks Equity Research - Zacks Investment Research - Fri Jun 17, 7:17AM CDT
A unit of BlackRock, Inc. (BLK) has inked a deal to acquire 50% interest in the Grandview wind project from GE Energy Financial Services, a division of General Electric Company (GE)
GE: 32.36 (+0.10), BLK: 357.50 (+0.13), CATY: 29.68 (-0.06), FBP: 4.33 (-0.03)
Allegiance Bancshares (ABTX) in Focus: Stock Gains 5.5%
Zacks Equity Research - Zacks Investment Research - Fri Jun 17, 5:00AM CDT
Allegiance Bancshares, Inc. (ABTX) was a big mover last session, as the company saw its shares rise over 5% on the day.
FBP: 4.33 (-0.03), ABTX: 25.09 (+0.01)
Will PNC Financial Continue to Face Revenue Pressure?
Zacks Equity Research - Zacks Investment Research - Thu Jun 16, 8:04AM CDT
The PNC Financial Services Group, Inc. (PNC) is facing revenue pressure amid an overall challenging environment
CATY: 29.68 (-0.06), FBP: 4.33 (-0.03), PNC: 82.10 (-0.24), LPLA: 24.07 (+0.02)
Franklin Rewards Shareholders with Additional Share Buyback
Zacks Equity Research - Zacks Investment Research - Wed Jun 15, 6:57AM CDT
Franklin Resources, Inc. (BEN) seems to be on track with its efforts to enhance shareholders' value. as it announced an additional repurchase authorization of up to 50 million shares
UBSH: 25.93 (+0.11), FBP: 4.33 (-0.03), BEN: 34.47 (-0.37), LPLA: 24.07 (+0.02)
Goldman Sachs (GS) Expands Consumer Banking Business
Zacks Equity Research - Zacks Investment Research - Tue Jun 14, 4:32PM CDT
The Goldman Sachs Group, Inc. (GS), widely focused on large companies and wealthy clients, is expanding its offerings to general consumers through its new retail banking service.
GS: 157.92 (+1.00), CATY: 29.68 (-0.06), FBP: 4.33 (-0.03), LPLA: 24.07 (+0.02)
Goldman's Tussle with Libyan Fund Escalates as Trial Begins
Zacks Equity Research - Zacks Investment Research - Tue Jun 14, 8:34AM CDT
In the trial which began on Monday , The Goldman Sachs Group, Inc. (GS) was accused by Libyan Investment Authority of exploiting its relationship with the fund to make risky and worthless derivative trades.
GS: 157.92 (+1.00), CATY: 29.68 (-0.06), FBP: 4.33 (-0.03), LPLA: 24.07 (+0.02)
Synovus Controls Costs Effectively, Regulatory Woes Rife
Zacks Equity Research - Zacks Investment Research - Fri Jun 10, 7:49AM CDT
On Jun 9, we issued an updated research report on Synovus Financial Corporation (SNV). Cost control, pruning of assets, improving credit quality and a strong capital position are major driving factors.
SNV: 29.55 (-0.12), FBP: 4.33 (-0.03), MNRK: 18.49 (-1.37), STBZ: 22.03 (+0.11)
Wintrust Financial Falls 3% on Stock Offering Announcement
Zacks Equity Research - Zacks Investment Research - Fri Jun 10, 6:22AM CDT
Shares of Wintrust Financial Corporation (WTFC) lost 2.71% in a full trading session following the announcement of a public offering of 3,000,000 shares of its common stock on Wednesday, after the market closed.
RJF: 51.41 (-0.64), SBSI: 32.73 (+0.26), FBP: 4.33 (-0.03), WTFC: 52.66 (-0.20)
First BanCorp Announces Payment of Interest Accrued on Trust Preferred Securities
BusinessWire - Thu Jun 09, 7:30AM CDT
First BanCorp (the "Corporation"
(NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that it had received regulatory approval to bring current the unpaid interest on its $216 million of trust preferred securities outstanding. The Corporation had elected to defer the interest payments that were due in quarterly periods since March 2012. The aggregate amount of payments deferred and accrued through March 31, 2016 plus the interest for the second quarter of 2016 approximates $31.2 million. Payments will be made on their corresponding due dates of June 17, 2016 and June 20, 2016. The Corporation is still operating under a Written Agreement with the Federal Reserve. The Written Agreement provides that prior written approval from the Federal Reserve is required to declare or pay any dividends or make any distributions of interest, principal or other sums on subordinated debentures or trust-preferred securities. No assurances can be made that the Corporation will not decide to defer future payments. Dividends on preferred shares remain suspended.
FBP: 4.33 (-0.03)
The Zacks Analyst Blog Highlights: Erste Group Bank, First Bancorp, KCG Holdings and National General Holdings
Zacks Equity Research - Zacks Investment Research - Wed Jun 08, 8:30AM CDT
The Zacks Analyst Blog Highlights: Erste Group Bank, First Bancorp, KCG Holdings and National General Holdings
KCG: 13.84 (-0.05), NGHC: 21.26 (-0.04), FBP: 4.33 (-0.03)
Fed Hike Still in the Cards? 4 Stocks that Stand to Gain
Zacks Equity Research - Zacks Investment Research - Tue Jun 07, 1:16PM CDT
With the interest rates still on an upward trajectory, investors can consider these finance stocks that are set to benefit directly from the same.
KCG: 13.84 (-0.05), NGHC: 21.26 (-0.04), FBP: 4.33 (-0.03)
Should You Consider Holding Bank of the Ozarks Stock?
Zacks Equity Research - Zacks Investment Research - Tue Jun 07, 7:08AM CDT
Despite mounting expenses and margin compression, Bank of the Ozarks' inorganic growth strategy and improvement in loan and deposits assure a steady growth in the future.
FBP: 4.33 (-0.03), SONA: 12.37 (+0.02), MNRK: 18.49 (-1.37), OZRK: 40.03 (-0.19)
The Zacks Analyst Blog Highlights: First Bancorp, Cardinal Financial, Monarch Financial Holdings, Southern National Bancorp of Virginia and State Bank Financial
Zacks Equity Research - Zacks Investment Research - Tue May 31, 8:30AM CDT
The Zacks Analyst Blog Highlights: First Bancorp, Cardinal Financial, Monarch Financial Holdings, Southern National Bancorp of Virginia and State Bank Financial
CFNL: 22.74 (+0.14), FBP: 4.33 (-0.03), SONA: 12.37 (+0.02), MNRK: 18.49 (-1.37), STBZ: 22.03 (+0.11)
5 Best Southeast U.S. Bank Stocks of the Region
Zacks Equity Research - Zacks Investment Research - Fri May 27, 1:11PM CDT
Economies of some of the regions look favorable for their resident banks. So these banks might be able to deal with the broader issues better than others. One such region is the Southeast.
CFNL: 22.74 (+0.14), FBP: 4.33 (-0.03), SONA: 12.37 (+0.02), MNRK: 18.49 (-1.37), STBZ: 22.03 (+0.11)
If the Fed Raises Interest Rates, Buy These 3 Banking Stocks
Zacks Premium Research - Zacks Investment Research - Wed May 25, 3:06PM CDT
These stocks are well-positioned with regards to surpassing investor expectations.
BANC: 19.09 (+0.10), CFNL: 22.74 (+0.14), FBP: 4.33 (-0.03)
First Bancorp (FBP) Shares March Higher, Can It Continue?
Zacks Equity Research - Zacks Investment Research - Mon May 23, 8:37AM CDT
First Bancorp (FBP) has been on the move lately as the stock has risen by 24.6% in the past four weeks, and it is currently trading well above its 20-Day SMA.
FBP: 4.33 (-0.03)
First Bancorp (FBP): Strong Industry, Solid Earnings Estimate Revisions
Zacks Equity Research - Zacks Investment Research - Wed May 18, 7:47AM CDT
First Bancorp (FBP) is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
FBP: 4.33 (-0.03)
Blackstone (BX) Buys Stake in Marathon Asset Management
Zacks Equity Research - Zacks Investment Research - Thu Jun 23, 7:56AM CDT
The Blackstone Group L.P. (BX) has acquired a minority interest in New York-based hedge fund, Marathon Asset Management
BX: 24.80 (+0.23), NWBI: 15.09 (-0.01), FBP: 4.33 (-0.03), LPLA: 24.07 (+0.02)
Stifel Financial's Shareholders Favor Criticized Stock Plan
Zacks Equity Research - Zacks Investment Research - Tue Jun 21, 7:58AM CDT
Shareholders of Stifel Financial Corp. (SF) approved changes to the company's equity incentive plan which had drawn criticism from a major proxy advisory firm, Institutional Shareholder Services (ISS)
SF: 32.10 (-0.25), NWBI: 15.09 (-0.01), FBP: 4.33 (-0.03), LPLA: 24.07 (+0.02)
Stocks Coverage on the Financial Sector -- GAMCO Global Gold, Natural Resources & Income Trust, Apollo Global Management, First Bancorp, and HDFC Bank
PR Newswire - Mon Jun 20, 7:35AM CDT
On Friday, June 17, 2016, the NASDAQ Composite ended the trading session at 4,800.34, down 0.92%; the Dow Jones Industrial Average edged 0.33% lower, to finish at 17,675.16; and the S&P 500 closed at 2,071.22, down 0.33%. However, five out of nine sectors ended the session in positive. Stock-Callers.com has initiated coverage on the following equities: GAMCO Global Gold, Natural Resources & Income Trust (NYSEMKT: GGN), Apollo Global Management LLC (NYSE: APO), First Bancorp (NYSE: FBP), and HDFC Bank Ltd (NYSE: HDB). Learn more about these stocks by accessing their free trade alerts at:
APO: 15.71 (+0.12), HDB: 67.42 (-0.38), FBP: 4.33 (-0.03), GGN: 6.54 (-0.10)
BlackRock Buys 50% Stake in Texas Wind Project from GE
Zacks Equity Research - Zacks Investment Research - Fri Jun 17, 7:17AM CDT
A unit of BlackRock, Inc. (BLK) has inked a deal to acquire 50% interest in the Grandview wind project from GE Energy Financial Services, a division of General Electric Company (GE)
GE: 32.36 (+0.10), BLK: 357.50 (+0.13), CATY: 29.68 (-0.06), FBP: 4.33 (-0.03)
Allegiance Bancshares (ABTX) in Focus: Stock Gains 5.5%
Zacks Equity Research - Zacks Investment Research - Fri Jun 17, 5:00AM CDT
Allegiance Bancshares, Inc. (ABTX) was a big mover last session, as the company saw its shares rise over 5% on the day.
FBP: 4.33 (-0.03), ABTX: 25.09 (+0.01)
Will PNC Financial Continue to Face Revenue Pressure?
Zacks Equity Research - Zacks Investment Research - Thu Jun 16, 8:04AM CDT
The PNC Financial Services Group, Inc. (PNC) is facing revenue pressure amid an overall challenging environment
CATY: 29.68 (-0.06), FBP: 4.33 (-0.03), PNC: 82.10 (-0.24), LPLA: 24.07 (+0.02)
Franklin Rewards Shareholders with Additional Share Buyback
Zacks Equity Research - Zacks Investment Research - Wed Jun 15, 6:57AM CDT
Franklin Resources, Inc. (BEN) seems to be on track with its efforts to enhance shareholders' value. as it announced an additional repurchase authorization of up to 50 million shares
UBSH: 25.93 (+0.11), FBP: 4.33 (-0.03), BEN: 34.47 (-0.37), LPLA: 24.07 (+0.02)
Goldman Sachs (GS) Expands Consumer Banking Business
Zacks Equity Research - Zacks Investment Research - Tue Jun 14, 4:32PM CDT
The Goldman Sachs Group, Inc. (GS), widely focused on large companies and wealthy clients, is expanding its offerings to general consumers through its new retail banking service.
GS: 157.92 (+1.00), CATY: 29.68 (-0.06), FBP: 4.33 (-0.03), LPLA: 24.07 (+0.02)
Goldman's Tussle with Libyan Fund Escalates as Trial Begins
Zacks Equity Research - Zacks Investment Research - Tue Jun 14, 8:34AM CDT
In the trial which began on Monday , The Goldman Sachs Group, Inc. (GS) was accused by Libyan Investment Authority of exploiting its relationship with the fund to make risky and worthless derivative trades.
GS: 157.92 (+1.00), CATY: 29.68 (-0.06), FBP: 4.33 (-0.03), LPLA: 24.07 (+0.02)
Synovus Controls Costs Effectively, Regulatory Woes Rife
Zacks Equity Research - Zacks Investment Research - Fri Jun 10, 7:49AM CDT
On Jun 9, we issued an updated research report on Synovus Financial Corporation (SNV). Cost control, pruning of assets, improving credit quality and a strong capital position are major driving factors.
SNV: 29.55 (-0.12), FBP: 4.33 (-0.03), MNRK: 18.49 (-1.37), STBZ: 22.03 (+0.11)
Wintrust Financial Falls 3% on Stock Offering Announcement
Zacks Equity Research - Zacks Investment Research - Fri Jun 10, 6:22AM CDT
Shares of Wintrust Financial Corporation (WTFC) lost 2.71% in a full trading session following the announcement of a public offering of 3,000,000 shares of its common stock on Wednesday, after the market closed.
RJF: 51.41 (-0.64), SBSI: 32.73 (+0.26), FBP: 4.33 (-0.03), WTFC: 52.66 (-0.20)
First BanCorp Announces Payment of Interest Accrued on Trust Preferred Securities
BusinessWire - Thu Jun 09, 7:30AM CDT
First BanCorp (the "Corporation"
(NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that it had received regulatory approval to bring current the unpaid interest on its $216 million of trust preferred securities outstanding. The Corporation had elected to defer the interest payments that were due in quarterly periods since March 2012. The aggregate amount of payments deferred and accrued through March 31, 2016 plus the interest for the second quarter of 2016 approximates $31.2 million. Payments will be made on their corresponding due dates of June 17, 2016 and June 20, 2016. The Corporation is still operating under a Written Agreement with the Federal Reserve. The Written Agreement provides that prior written approval from the Federal Reserve is required to declare or pay any dividends or make any distributions of interest, principal or other sums on subordinated debentures or trust-preferred securities. No assurances can be made that the Corporation will not decide to defer future payments. Dividends on preferred shares remain suspended. FBP: 4.33 (-0.03)
The Zacks Analyst Blog Highlights: Erste Group Bank, First Bancorp, KCG Holdings and National General Holdings
Zacks Equity Research - Zacks Investment Research - Wed Jun 08, 8:30AM CDT
The Zacks Analyst Blog Highlights: Erste Group Bank, First Bancorp, KCG Holdings and National General Holdings
KCG: 13.84 (-0.05), NGHC: 21.26 (-0.04), FBP: 4.33 (-0.03)
Fed Hike Still in the Cards? 4 Stocks that Stand to Gain
Zacks Equity Research - Zacks Investment Research - Tue Jun 07, 1:16PM CDT
With the interest rates still on an upward trajectory, investors can consider these finance stocks that are set to benefit directly from the same.
KCG: 13.84 (-0.05), NGHC: 21.26 (-0.04), FBP: 4.33 (-0.03)
Should You Consider Holding Bank of the Ozarks Stock?
Zacks Equity Research - Zacks Investment Research - Tue Jun 07, 7:08AM CDT
Despite mounting expenses and margin compression, Bank of the Ozarks' inorganic growth strategy and improvement in loan and deposits assure a steady growth in the future.
FBP: 4.33 (-0.03), SONA: 12.37 (+0.02), MNRK: 18.49 (-1.37), OZRK: 40.03 (-0.19)
The Zacks Analyst Blog Highlights: First Bancorp, Cardinal Financial, Monarch Financial Holdings, Southern National Bancorp of Virginia and State Bank Financial
Zacks Equity Research - Zacks Investment Research - Tue May 31, 8:30AM CDT
The Zacks Analyst Blog Highlights: First Bancorp, Cardinal Financial, Monarch Financial Holdings, Southern National Bancorp of Virginia and State Bank Financial
CFNL: 22.74 (+0.14), FBP: 4.33 (-0.03), SONA: 12.37 (+0.02), MNRK: 18.49 (-1.37), STBZ: 22.03 (+0.11)
5 Best Southeast U.S. Bank Stocks of the Region
Zacks Equity Research - Zacks Investment Research - Fri May 27, 1:11PM CDT
Economies of some of the regions look favorable for their resident banks. So these banks might be able to deal with the broader issues better than others. One such region is the Southeast.
CFNL: 22.74 (+0.14), FBP: 4.33 (-0.03), SONA: 12.37 (+0.02), MNRK: 18.49 (-1.37), STBZ: 22.03 (+0.11)
If the Fed Raises Interest Rates, Buy These 3 Banking Stocks
Zacks Premium Research - Zacks Investment Research - Wed May 25, 3:06PM CDT
These stocks are well-positioned with regards to surpassing investor expectations.
BANC: 19.09 (+0.10), CFNL: 22.74 (+0.14), FBP: 4.33 (-0.03)
First Bancorp (FBP) Shares March Higher, Can It Continue?
Zacks Equity Research - Zacks Investment Research - Mon May 23, 8:37AM CDT
First Bancorp (FBP) has been on the move lately as the stock has risen by 24.6% in the past four weeks, and it is currently trading well above its 20-Day SMA.
FBP: 4.33 (-0.03)
First Bancorp (FBP): Strong Industry, Solid Earnings Estimate Revisions
Zacks Equity Research - Zacks Investment Research - Wed May 18, 7:47AM CDT
First Bancorp (FBP) is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
FBP: 4.33 (-0.03)
