Newark, NJ -- (SBWIRE) -- 04/19/2013 -- stockmarketprofessor.comb rings Stock market news, stock quotes, stock charts, stock research and hot penny stock picks. Investors can utilize STOCKMARKETPROFESSOR.COM services to research a variety of small cap and penny stocks.Have a look on Today’s Picks:PrivateBancorp (NASDAQ:PVTB), ICICI Bank (NYSE:IBN), M&T Bank (NYSE:MTB)
PrivateBancorpInc (NASDAQ:PVTB) rallied after posting net income available to common shareholders of $27.3 million or $0.35 per share, for the first quarter 2013, higher as compared $10.8 million or $0.15 per diluted share for the first quarter 2012. The boost came in mainly due to lower loan loss provision and net foreclosed property expense, and growth in non-interest income.
For the first quarter 2013, net interest income fell to $103.0 million from $104.4 million for the first quarter 2012. Non-interest income rose 11 percent to $30.5 million, mainly due to increased mortgage banking and syndication fee revenue. Net revenue for the quarter was $134.3 million, higher versus $132.6 million in the first quarter 2012. Analysts had predicted earnings of $0.28 per share on revenues of $132.45 million for the quarter.
PrivateBancorpInc (NASDAQ:PVTB) gained +4.77% to close at $18.22 and its overall volume in the last trading session was 1.84 million shares, beating the average volume of 1.23 million. PVTB hit the day high price of $18.95 and day low of $17.56.
For How Long PVTB will Fight for Profitability? Read This Trend Analysis report
The stock is trading with positive year-to-date performance of +19.01%. Its debt-to-equity ratio is 0.42. The company has total market cap of $1.40 billion.
ICICI Bank Limited (ADR) (NYSE:IBN) recently disclosed plan to increase its unsecured lending portfolio, which includes personal loans and credit cards, albeit cautiously. Unsecured loans are generally not backed by any collateral; therefore, contain higher risk versus mortgage loans. Rajiv Sabharwal, Executive Director of ICICI Bank, said that availability of credit bureau reports have made such lending more secure.
ICICI Bank Limited (ADR) (NYSE:IBN) advanced +3.19% with the closing price of $44.29. The overall volume in the last trading session was 1.75 million shares. Its fifty two week range was $27.50-$48.00. The total market capitalization remained $25.54 billion.
The stock is ahead its 52 week low with 64.45% and its last month price volatility remained 2.08%. Its beta coefficient was 2.07 with a target price of $53.00. In its share capital, the company has 576.80 million outstanding shares while 557.75 million shares have been floated in market.
For How Long IBN Gloss will Attract Investors? Find out via this report
Its institutional ownership remained 27.41%. Its current year earnings per share grew with 28.10% while the five year EPS growth rate was 11.67%.
M&T Bank Corporation (NYSE:MTB) rose amid a regulatory filing disclosing that Hudson City Bancorp shareholders voted Thursday to approve the suggested merger with M&T Bank Corp., with 361.1 million shares voting in favor and 16.6 million voting against.
M&T Bank Corporation (NYSE:MTB) shares went +1.06% up and closed at $97.57 in the last trading session. Its overall traded volume was 1.26 million shares. The stock’s opening price was $96.62, hitting the day high price of $97.96 and day low of $76.92.
Why Should Investors Buy MTB After The Recent Gain? Just Go Here and Find Out
MTB has earnings per share of $8.17 and its price to earnings ratio was 11.94. The company has 1.28% returns on assets, 10.75%.
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