Auf der Watchlist: Pacific CAP Bancorp (923681)
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| Eröffnet am: | 12.08.09 09:13 | von: iceman78 | Anzahl Beiträge: | 24 |
| Neuester Beitrag: | 03.01.11 15:35 | von: snooopy | Leser gesamt: | 6.232 |
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Im Nachhandel wieder erholt.....
http://www.google.com/finance?q=US69404P1012
lg, ice
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Wertpapier: PACIFIC CAPITAL BANCORP |
das lässt nicht nur hoffen ,sondern es ist fakt.
Pacific Capital Bancorp Announces Return to Profitability After Completion of Recapitalization Transaction
Pacific Capital Bancorp (Nasdaq: PCBC), a community bank holding company, announced today that it had returned to profitability after the completion of its recapitalization transactions during the third quarter of 2010. The Company reported net income of $5.0 million for the one month ended September 30, 2010. The one-month reporting is related to the Company after the closing of the $500 investment from a wholly-owned subsidiary of Ford Financial Fund, L.P. on August 31, 2010.
"We are pleased to return Pacific Capital Bancorp to profitable operations," said Carl B. Webb, Chief Executive Officer. "A significant aspect of the $500 million investment is our ability to record the Company's loan portfolio under 'purchased credit-impaired loans' accounting guidance. This accounting treatment allows us to put the credit issues related to our loan portfolio behind us and move forward with a strong balance sheet to support our operations.
"Following the completion of our recapitalization transactions, we are poised to resume our position as the premier community banking franchise along the Central Coast of California," continued Mr. Webb. "We have returned to the basic community banking principles that this franchise was built upon, and we are now in a position to fully serve the financial services needs of our customers with a broad array of lending, depository and wealth management products and services, delivered with a commitment to superior customer service. We believe the model we have put in place will enable us to generate consistent profitability going forward and steadily increase the value of the franchise over time."
As a result of the completion of its recapitalization transactions, the Company and its wholly-owned banking subsidiary, Pacific Capital Bank, N.A. (the "Bank") now exceed the ratios required to be considered "well capitalized" under generally applicable regulatory guidelines, as well as capital levels that the Bank is required to meet under its agreement with the Office of the Comptroller of the Currency.
Impact of Push-Down Accounting
On August 31, 2010, pursuant to the terms of the Investment Agreement dated April 29, 2010, a wholly-owned subsidiary of Ford Financial Fund, L.P. became a majority owner of the Company. As a result of this change in control, the Company was required to account for this transaction using the acquisition method of accounting and applied "push down accounting" treatment based on authoritative accounting guidance. Accordingly, the Company was required to allocate the aggregate purchase price of $500 million to the assets, liabilities and non-controlling interests of the Company based on their respective fair values. Authoritative accounting guidance also requires that the statements of financial position and results of operations from periods prior to the transaction be labeled as the predecessor company and periods subsequent to the transaction be labeled as the successor company.
Statement of Operations
Net interest income was $18.1 million for the one month ended September 30, 2010. Net interest margin was 3.77% for the one month ended September 30, 2010, or 100 bps higher than the net interest margin for the three months ended September 30, 2009. The increase in net interest margin is primarily the result of the fair valuation of interest-earning assets and interest-bearing liabilities, and the repayment of $802 million in FHLB advances with the proceeds from this investment transaction and excess cash held by the Company.
The Company recorded a provision for loan losses of $55,000 for the month ended September 30, 2010, which related only to loans originated subsequent to the closing of the investment on August 31, 2010.
Non-interest income was $4.1 million for the one month ended September 30, 2010, primarily from service charges and fees from the Company's retail banking operations, and trust and investment advisory fees from the Company's wealth management operations.
Non-interest expense was $17.2 million for the one month ended September 30, 2010.
Quarterly Report on Form 10-Q
The Company intends to file today with the Securities and Exchange Commission its Quarterly Report on Form 10-Q for the quarter ended September 30, 2010. This report can be accessed at the Securities and Exchange Commission's website, www.sec.gov. Shortly after filing, it is also available free of charge at the Company's website, www.pcbancorp.com or by contacting the Company's Investor Relations Department.
About Pacific Capital Bancorp
Pacific Capital Bancorp, with $6.3 billion in assets, is the parent company of Pacific Capital Bank, N.A., a nationally chartered bank that operates 47 branches under the local brand names of Santa Barbara Bank& Trust, First National Bank of Central California, South Valley National Bank, San Benito Bank and First Bank of San Luis Obispo. The Company's website is www.pcbancorp.com.
Forward Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in these provisions. All statements other than statements of historical fact are "forward- looking statements" for purposes of federal and state securities laws, including, but not limited to, statements about anticipated future operating and financial performance, financial position and liquidity, business prospects, strategic alternatives, business strategies, regulatory and competitive outlook, investment and expenditure plans, capital and financing needs and availability, acquisition and divestiture opportunities, plans and objectives of management for future operations, and other similar forecasts and statements of expectation and statements of assumptions underlying any of the foregoing. Words such as "will likely result," "aims," "anticipates," "believes," "could," "estimates," "expects," "hopes," "intends," "may," "plans," "projects," "seeks," "should," "will," and variations of these words and similar expressions are intended to identify these forward-looking statements.
Forward-looking statements are based on the Company's current expectations and assumptions regarding its business, the regulatory environment, the economy and other future conditions. The Company's actual results may differ materially from those contemplated by the forward-looking statements. The Company cautions you therefore against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements are detailed in reports filed by the Company with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2009 and subsequent Quarterly Reports on Form 10-Q. Forward-looking statements speak only as of the date they are made, and the Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made, whether as a result of new information, future developments or otherwise, except as may be required by law.
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Wertpapier: PACIFIC CAPITAL BANCORP |
Symbols: NDAQ, VPFG, PCBC, ABBC, QABA, FIBK, STSAD
NEW YORK, Dec 13, 2010 (GlobeNewswire via COMTEX) --
The NASDAQ OMX Group, Inc. (Nasdaq: NDAQ | PowerRating) announced today the results of the semi-annual evaluation of the NASDAQ OMX ABA Community Bank Index (Nasdaq:ABQI), which will become effective prior to market open on Monday, December 20, 2010.
The following five securities will be added to the Index: Abington Bancorp, Inc. (Nasdaq: ABBC | PowerRating), First Interstate BancSystem, Inc. (Nasdaq: FIBK | PowerRating), Pacific Capital Bancorp (Nasdaq: PCBC | PowerRating), Sterling Financial Corporation (Nasdaq: STSAD | PowerRating), and ViewPoint Financial Group, Inc. (Nasdaq: VPFG | PowerRating).
The Index is designed to track the performance of banks and thrifts, or their holding companies, listed on The NASDAQ Stock Market(R). The Index is intended to serve as a benchmark for investment products by including the larger and more liquid community banks. The NASDAQ OMX ABA Community Bank Index is reviewed on a semi-annual basis. For more information about the NASDAQ OMX ABA Community Bank Index, including detailed eligibility criteria, visit https://indexes.nasdaqomx.com/.
As a result of the evaluation, the following eighteen securities will be removed from the Index: First Busey Corporation (Nasdaq:BUSE), Cass Information Systems, Inc. (Nasdaq:CASS), Capital City Bank Group, Inc. (Nasdaq:CCBG), CoBiz Financial Inc. (Nasdaq:COBZ), Eagle Bancorp, Inc. (Nasdaq:EGBN), First Bancorp (Nasdaq:FBNC), First Financial Holdings, Inc. (Nasdaq:FFCH), Great Southern Bancorp, Inc. (Nasdaq:GSBC), Home Federal Bancorp, Inc. (Nasdaq:HOME), Lakeland Bancorp, Inc. (Nasdaq:LBAI), OceanFirst Financial Corp. (Nasdaq:OCFC), 1st Source Corporation (Nasdaq:SRCE), StellarOne Corporation (Nasdaq:STEL), TriCo Bancshares (Nasdaq:TCBK), Union First Market Bankshares Corporation (Nasdaq:UBSH), United Community Banks, Inc. (Nasdaq:UCBI), Univest Corporation of Pennsylvania (Nasdaq:UVSP), and Washington Banking Company (Nasdaq:WBCO).
The First Trust NASDAQ ABA Community Bank Fund (Nasdaq: QABA | PowerRating) seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of the NASDAQ OMX ABA Community Bank Index.
About NASDAQ OMX Global Index Group
NASDAQ OMX Global Index Group is engaged in the design, development, calculation, licensing, and marketing of NASDAQ OMX Indexes. NASDAQ OMX Global Index Group specializes in the development of indexes focusing on NASDAQ OMX's brand themes of innovation, technology, growth, and globalization. NASDAQ OMX Global Index Group also provides custom index services and design solutions as a third-party provider to selected financial organizations. For more information about NASDAQ OMX indexes, visit www.nasdaq.com/indexes.
About NASDAQ OMX Group
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with approximately 3,600 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com. Please follow NASDAQ OMX on Facebook (http://www.facebook.com/pages/NASDAQ-OMX/108167527653) and Twitter (http://www.twitter.com/nasdaqomx).
NDAQG
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: The NASDAQ OMX Group, Inc.
CONTACT: The NASDAQ OMX Group, Inc.
Media Contact:
Wayne Lee
+1.301.978.4875
Wayne.D.Lee@NASDAQOMX.com
Issuer and Investor Contact:
Lisa Chaney
+1.301.978.8281
Lisa.Chaney@NASDAQOMX.com
Posted on: Mon, 13 Dec 2010 12:38:19 EST
Symbols: PCBC
Dec 13, 2010 (M2 PRESSWIRE via COMTEX) --
H. Gerald. Bidwell, director of Pacific Capital Bancorp(NasdaqGS: PCBC | PowerRating ) bought 500,000 shares of PCBC from the open market on 2010-12-10. The stock was up 7.14% after the InsiderCow.com report.
Trade amount: 500,000 Shares
Trade type: Open Market Buy
Price Range: $0.28
Transaction details can be found at http://www.insidercow.com/history/company.jsp?company=PCBC. You can also get real-time alert on any insider trading information from www.insidercow.com, one step before everybody else.
About InsiderCow.com
InsiderCow.com is a leading real-time insider trading information provider. InsiderCow.com is the online division of InsiderCow, a privately-owned company specialized in insider trading information. InsiderCow uses its proprietary software to gather and analyze information provided by the U.S. Securities and Exchange Commission, in real-time. For more information about InsiderCow.com, visit www.insidercow.com.
Das find ich nicht ohne.
Ich will nicht hoffen, dass das nur Stützkäufe waren, sondern eine ernsthafte Trendwende in Sicht ist.
Quelle: insidercow.com
Written by Nicholas Santiago Expert Opinions Dec 17, 2010
Pacific Capital Bancorp (NASDAQ:PCBC) is a small bank stock trading in the low ranges of the daily chart. In addition, the stock has a beautiful intra day bull flag setup that may spell breakout in the coming minutes or days. Note the chart below. Small bank stocks have been the hottest sector in the markets of late with gains ranging from 25% – 100%. Watch for the blast off, it may be coming shortly.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
Meiner Meinung nach ist das schlimmste überstanden und wir werden hier in Bälde wieder steigende Kurse sehen.
Montag gehts steil bergauf.
Da geht noch einiges bis zu 28.12
PCBC strong buy
Posted on: Sat, 18 Dec 2010 23:54:01 EST
Symbols: PCBC
NEW YORK, Dec 18, 2010 (BUSINESS WIRE) --
The Securities Arbitration Law Firm of Klayman & Toskes ("K&T"), www.nasd-law.com, announced today that it is investigating potential claims on behalf of Pacific Capital Bancorp ("Pacific Capital") (NasdaqGS: PCBC | PowerRating) shareholders who held concentrated positions in Pacific Capital stock with full-service Wall Street brokerage firms. On October 9, 2007, Pacific Capital stock was trading at $28.22 per share. However, by November 2009, the price of Pacific Capital stock declined over 99%, closing at under a dollar per share. As a result, many Pacific Capital shareholders who held concentrated positions in Pacific Capital sustained substantial losses.
Unfortunately, many Pacific Capital shareholders who held concentrated positions in Pacific Capital stock were never advised by their full-service brokerage firms of the risks associated with owning a concentrated account. Additionally, despite having a duty to do so, many firms failed to explain how the use of risk management strategies, like a zero-cost collar, protective put options, stop loss orders and/or an exchange fund, could have been utilized to protect the concentrated Pacific Capital stock positions.
Pacific Capital shareholders who sustained investment losses as a result of holding a concentrated position in Pacific Capital can contact K&T to explore their legal rights and options. The attorneys at K&T are dedicated to pursuing claims on behalf of investors who have suffered investment losses. K&T, an experienced, qualified and nationally recognized securities litigation law firm, practices exclusively in the field of securities arbitration and litigation. It continues its representation of investors throughout the world in securities arbitration and litigation matters against major Wall Street brokerage firms.
If you wish to discuss this announcement or have investment losses of $500,000 or more in Pacific Capital stock, please contact Steven D. Toskes, Esquire or Jahan K. Manasseh, Esquire of Klayman & Toskes, P.A., at 888-997-9956 or visit us on the web at http://www.nasd-law.com.
SOURCE: Klayman & Toskes, P.A.
JOHANNESBURG, SOUTH AFRICA--(Marketwire - December 22, 2010) - www.stockcall.com/ offers investors comprehensive research on the regional - pacific banks industry and has completed analytical research on Pacific Capital Bancorp (NASDAQ: PCBC) and East West Bancorp Inc. (NASDAQ: EWBC). Register with us today at www.stockcall.com/ to have free access to these researches.
Pacific regional banks including East West Bancorp Inc. continue to work around the obstacles put in place by the passing of financial reform laws. Specifically, they are struggling with changes to how they can raise capital and minimize capital requirements. Investors looking for complimentary research on East West Bancorp Inc. are welcome to sign up at www.stockcall.com/EWBC221210.pdf for our new report.
www.stockcall.com/ is an online platform where investors doing their due-diligence on the regional - pacific banks industry can have easy and free access to our analyst research and opinions on Pacific Capital Bancorp and East West Bancorp Inc.; all investors need to do is register for a complimentary membership at https://stockcall.com/development/stockcall/...php?name=register.html
The biggest challenge has been raising capital without the help of trust-preferred securities. Trust-preferred securities offer much more favorable tax benefits and credit treatment. As a result, regional banks such as Pacific Capital Bancorp are having a difficult time generating the capital needed to meet stricter requirements. Essentially, financial reform raised the minimum capital requirements while simultaneously eliminating a few of the ways banks can get there. Investors looking for free research on Pacific Capital Bancorp are welcome to sign up at www.stockcall.com/PCBC221210.pdf for our new report.
The legislative changes have provided some stabilizing changes though. More thorough credit checks have significantly reduced delinquent loans and lessened loan related debt. Register now at https://stockcall.com/development/stockcall/...php?name=register.html to have free access to our reports on the regional - pacific banks industry.
As a result of legislative obstacles, more and more regional banks are being added to the FDIC's ever growing "watch list" despite some intentions of reform laws being successful. If the struggles of regional banks continue, 2011 may see a spike, (like the one seen during the recession) in the mergers and acquisitions of distressed banks. Visit www.stockcall.com/ to see how companies in this industry have grown over the past years and how they are expected to perform in the future.
About StockCall.com
StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines.
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Pacific Capital Bancorp (Nasdaq: PCBC) announced today that its previously disclosed 1-for-100 reverse stock split of its common stock became effective at 1:00 p.m. California time today. Commencing December 29, 2010, the Company’s shares will trade on the NASDAQ Global Select Market under the symbol “PCBCD” for a period of 20 trading days as a result of the reverse stock split. The Company’s symbol will revert back to its original symbol “PCBC” on January 27, 2010. The Company’s common stock has been assigned a new CUSIP number 69404P 200.
The reverse stock split applies to all of the Company’s outstanding common stock, reducing the current number of outstanding shares from approximately 3.29 billion to approximately 32.9 million (without giving effect to the treatment of fractional shares). Shareholders will receive cash in lieu of fractional shares. In connection with the reverse stock split, the Company also proportionately reduced the number of its authorized shares of common stock from 5 billion to 50 million.
The Company’s shareholders of record will receive a letter of transmittal and instructions from the Company’s exchange agent, BNY Mellon Shareowner Services, regarding the procedures for submitting their stock certificates in connection with the reverse stock split. Those shareholders holding the Company’s common stock in “street name” will receive instructions from their broker if they need to take any action in connection with the reverse stock split.
The Company also announced that its previously disclosed reincorporation from California to Delaware is expected to be effected on December 30, 2010.
Additional information about the reverse stock split and the reincorporation is available in the Company’s definitive information statement on Schedule 14C filed with the Securities and Exchange Commission on December 6, 2010.
About Pacific Capital Bancorp
Pacific Capital Bancorp, with $6.3 billion in assets, is the parent company of Pacific Capital Bank, N.A., a nationally chartered bank that operates 47 branches under the local brand names of Santa Barbara Bank & Trust, First National Bank of Central California, South Valley National Bank, San Benito Bank and First Bank of San Luis Obispo. The Company’s website is www.pcbancorp.com.
Forward Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, but not limited to, statements regarding the reverse stock split and the reincorporation. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in these provisions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. The Company cautions you therefore against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements are detailed in reports filed by the Company with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2009 and the Company’s Quarterly Reports on Form 10-Q for the quarters ended March 31, 2010, June 30, 2010 and September 30, 2010. The Company cautions that the foregoing factors are not exclusive.
Posted on: Wed, 29 Dec 2010 06:20:59 EST
Symbols: PCBC
Dec 29, 2010 (Dow Jones Commodities News Select via Comtex) --
Among the companies whose shares are expected to actively trade in Wednesday's session are Dara Biosciences Inc. (DARA). Pacific Capital Bancorp ( PCBC | PowerRating) and Savient Pharmaceuticals Inc. (SVNT).
Dara Biosciences revived equity sale plans Tuesday as it commenced an offering of convertible preferred shares and warrants worth $4 million, which equates to about 28% of its current market value. Shares were down 8.4% to $2.85 in after-hours trading.
Pacific Capital Bancorp announced that its previously disclosed 1-for-100 reverse stock split of its common stock became effective at the market close Tuesday. The reverse stock split applies to all of the company's outstanding common stock, reducing the current number of outstanding shares from approximately 3.29 billion to about 32.9 million. Shares of the bank fell 3.4%, or a penny, to 28 cents in after-hours trading.
Savient Pharmaceuticals said its board has started a search for a chief executive, a role the company left vacant since late 2008 when Christopher G. Clement resigned in an "involuntary termination by the company without cause," according to a regulatory filing at the time. Shares slipped 1% to $11.65 after hours.
Watch List:
Sara Lee Corp. (SLE) agreed to sell its Australian and New Zealand cleaning products business for EUR27.9 million to Symex Holdings Ltd. (SYM.AU), the latest in a long string of divestitures by the food company. The White Kings and Janola business mostly makes and sells bleach, toilet, laundry and other cleaning products. Sara Lee expects the deal to close in the first quarter.
STMicroelectronics NV (STM, STM.MI) agreed to buy Arkados Group Inc.'s (AKDS) semiconductor business for $11 million, taking the development-stage company's chief executive along with it. The purchase is the latest in a series of technology-sector consolidation.
-By Dow Jones Newswires; write to hotstocks@dowjones.com
(END) Dow Jones Newswires
12-29-10 0620ET
For full details on Pacific Capital Bancorp (PCBC) PCBC. Pacific Capital Bancorp (PCBC) has Short Term PowerRatings at TradingMarkets. Details on Pacific Capital Bancorp (PCBC) Short Term PowerRatings is available at This Link.
Realtiv geringes minus (-2,45%) nach Reverse Split 1/100 .
der Lucki
PCB: AUSSETZUNG/SUSPENSION
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INSTRUMENT NAME KUERZEL/SHORTCODE ISIN BIS/UNTIL
PACIFIC CAPITAL BANCORP PCB US69404P1012 BAW/UFN
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FUER FOLGENDE INSTRUMENTE WERDEN ISIN, WKN UND KUERZEL GEAENDERT. GUELTIG
AB: 30.12.2010.
FOR THE FOLLOWING INSTRUMENTS ISIN, WKN AND SHORT CODE WILL CHANGE. VALID
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Anmerkungen
US00187E1047 AEQA API TECHNOLOGIES 29.12.2010 US00187E2037 AEQN API
TECHNOLOGIES CORP. 30.12.2010 Umtausch 4:1
US69404P1012 PCB PACIFIC CAP.
BANCORP 29.12.2010 US69404P2002 PCBN PACIFIC CAP.
BANCORP 30.12.2010 Umtausch 100:1