Quarterly Performance Review: New Research on Banner, Bay Bancorp, Brookline, Baylake, and BBCN Bancorp
NEW YORK, February 9, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including Banner (NASDAQ: BANR), Bay Bancorp (NASDAQ: BYBK), Brookline (NASDAQ: BRKL), Baylake (NASDAQ: BYLK), and BBCN Bancorp (NASDAQ: BBCN). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
BANR Research Report: ( http://get.analystsreview.com/pdf/?c=Banner&d=09-Feb-2015&s=BANR ),
BYBK Research Report: ( http://get.analystsreview.com/pdf/?c=Bay%20Bancorp&d=09-Feb-2015&s=BYBK ),
BRKL Research Report: ( http://get.analystsreview.com/pdf/?c=Brookline&d=09-Feb-2015&s=BRKL ),
BYLK Research Report: ( http://get.analystsreview.com/pdf/?c=Baylake&d=09-Feb-2015&s=BYLK ),
BBCN Research Report: ( http://get.analystsreview.com/pdf/?c=BBCN%20Bancorp&d=09-Feb-2015&s=BBCN ).
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Analyst Update: Financial Sector ReportsQuarterly Earnings
Reviewed by: Rohit Tuli, CFA®
The U.S. stocks finished lower on Friday as investor sentiments, which were positive after strong jobs report, turned jittery about the risky assets again due to fresh concerns about Greece. The worries flashed after S&P downgraded Greece's long-term sovereign debt rating from B to B-minus. The Dow Jones Industrial Average and S&P 500 both fell 0.3% to close at 17,824.29 and 2,055.47, respectively. Whereas, the tech-heavy index Nasdaq Composite slid 0.4% to close at 4,744.40. However, despite Friday's slump in trading, the U.S. stock markets registered their best week in the past two years driven by investor optimism amid rising oil prices. In Europe, stocks dipped lower as momentum expected out of favorable U.S. data was offset by concerns surrounding the future of Greece and its bailout program. Asian markets ended mostly higher due to increased risk sentiments riding on the back of solid gain in the U.S. equities overnight and stabilizing crude oil price.
Banner Corporation (Banner) has reported fourth quarter 2014 net income of $12.2 million, or $0.63 per diluted share, compared to $11.6 million, or $0.60 per diluted share, for the fourth quarter a year ago. Revenues from core operations rose 14% YoY to $58.9 million in Q4 2014.
Bay Bancorp, Inc. (Bay Bancorp) announced that Kevin B. Cashen has resigned as the President and CEO and as a director of the Company and its wholly-owned bank subsidiary, Bay Bank, F.S.B. (the "Bank" and together with the Company, "Bay").
Brookline Bancorp, Inc. (Brookline) achieved a 41% YoY increase in net income for Q4 2014. However, net income for the reported quarter declined sequentially to $10.8 million, or $0.15 per share, versus $11.6 million, or $0.17 per share, in the preceding quarter.
Baylake Corp (Baylake), the parent company of Baylake Bank, reported that its fourth quarter 2014 net income has declined to $2.24 million or $0.24 per diluted share, from $2.32 million or $0.25 per diluted share in the fourth quarter of 2013.
BBCN Bancorp, Inc. (BBCN Bancorp), the holding company of BBCN Bank, reported that its net income for fourth quarter 2014 rose 25.4% YoY to $22.7 million. Net interest income of the Company during the quarter declined to $66.2 million from $66.9 million in the year ago period.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
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SOURCE: AnalystsReview.com
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