Recent Developments in the Banking Space: New Research on Bank of South Carolina, Bank of the James, Bank of the Ozarks, BankFinancial, and Bankwell
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, February 6, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including Bank of South Carolina (NASDAQ: BKSC), Bank of the James (NASDAQ: BOTJ), Bank of the Ozarks (NASDAQ: OZRK), BankFinancial (NASDAQ: BFIN), and Bankwell (NASDAQ: BWFG). 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):
BKSC Research Report: ( http://get.analystsreview.com/pdf/?c=Bank%20of%20South%20Carolina&d=06-Feb-2015&s=BKSC ),
BOTJ Research Report: ( http://get.analystsreview.com/pdf/?c=Bank%20of%20the%20James&d=06-Feb-2015&s=BOTJ ),
OZRK Research Report: ( http://get.analystsreview.com/pdf/?c=Bank%20of%20the%20Ozarks&d=06-Feb-2015&s=OZRK ),
BFIN Research Report: ( http://get.analystsreview.com/pdf/?c=BankFinancial&d=06-Feb-2015&s=BFIN ),
BWFG Research Report: ( http://get.analystsreview.com/pdf/?c=Bankwell&d=06-Feb-2015&s=BWFG ).
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Analyst Update: Quarterly Earningsand Appointments
Reviewed by: Rohit Tuli, CFA®
The U.S. stocks witnessed solid gains on Thursday as a rebound in the oil prices sparked rally in the energy shares, while the news of a big-ticket acquisition in the pharmaceutical sector boosted health-care stocks. Investors also shrugged off the mixed set of economic data. While weekly jobless claims rose less than expected last week, another data showed that nonfarm productivity fell more than expected in the fourth quarter. While the Dow Jones Industrial Average rose 1.20% to close at 17,884.88, the S&P 500 and the Nasdaq Composite gained 1.03% each to close at 2,062.52 and 4,765.10, respectively. In Europe, markets mostly ended higher in an otherwise choppy session as investors remained cautious amid Greece's struggle to renegotiate its bailout terms with the lenders. Concerns over Greece also weighed upon sentiments in Asian markets on Wednesday. Most Asian markets were down as European Central Bank said that it would no longer accept junk-rated Greece government debt as collateral for loans.
Bank of South Carolina Corp. (Bank of South Carolina) has reported fourth quarter 2014 net income of $1.19 million, or $0.26 per diluted share, an increase of 22.8% from earnings of $0.97 million, or $0.22 per diluted share, in the year ago period. The Bank's full-year 2014 net income also rose to $4.4 million from $4.1 million in 2013.
Bank of the James Financial Group, Inc. (Bank of the James) reported that its fourth quarter 2014 net income jumped 43.7% YoY to $0.95 million - reaching a summit in quarterly earnings reported till date. The year too witnessed the highest earnings, along with the highest asset, loan and deposit totals in the Company's history.
Bank of the Ozarks Inc. (Bank of the Ozarks) has reported fourth quarter 2014 net income that beat market expectations. The bank earned $34.8 million, or $0.43 per diluted share, in fourth quarter, compared to $24.4 million, or $0.33 per diluted share, in the year ago period.
BankFinancial Corporation (BankFinancial) reported third quarter 2014 net income of $3.6 million, or $0.17 per common share, compared to $1.0 million, or $0.05 per common share, for the same period ended September 30, 2013.
Bankwell Financial Group, Inc. (Bankwell) announced that Christopher Gruseke has joined the Company and its Bank subsidiary as Chief Strategic Officer. Christopher was a founding investor and Director of Bankwell's predecessors, BNC Financial Group, Inc., and The Bank of New Canaan.
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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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