Financial Companies Report Q3 2013 Financial Results, Sales, Schedules and Announcements - Research Report on PrivateBancorp, Strategic Hotels & Resorts, Glimcher, SABRA, and Home Bancshares Editor Note: For more information about this release, please scroll to bottom PR Newswire NEW YORK, October 22, 2013 NEW YORK, October 22, 2013 /PRNewswire/ -- Today, Analysts' Corner announced new research reports highlighting PrivateBancorp Inc. (NASDAQ: PVTB), Strategic Hotels & Resorts, Inc. (NYSE: BEE), Glimcher Realty Trust (NYSE: GRT), Sabra Health Care REIT, Inc. (NASDAQ: SBRA), and Home Bancshares, Inc. (NASDAQ: HOMB). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below. PrivateBancorp Inc. Research Report On October 17, 2013, PrivateBancorp Inc. (PrivateBancorp) released its Q3 2013 financial results. The Company reported that net income available to common shareholders increased by 68.6% YoY to $33.1 million in Q3 2013. The Company's diluted earnings per share came in at $0.42 per share, compared to diluted earnings of $0.27 in Q3 2012. Commenting on the release, Larry D. Richman, President and CEO of PrivateBancorp stated, "We grew loans by $315 million, with the growth coming from our commercial and industrial business, and we grew client deposits by over $470 million, including over $300 million in noninterest bearing demand deposits. Continued expense management, especially related to credit costs, helped drive our seventh consecutive quarter in net income growth. As we move beyond the burden of elevated credit costs, we see the strength of our core business driving future performance." The Full Research Report on PrivateBancorp Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/34f1_PVTB] -- Strategic Hotels & Resorts, Inc. Research Report On October 16, 2013, Strategic Hotels & Resorts, Inc. (Strategic Hotels & Resorts) announced that it has sold the Lakeshore Athletic Club property adjacent to the Fairmont Chicago hotel. According to the Company, the sale fetched an amount of $10.5 million which was given to the owner of Lakeshore Sport & Fitness. Additionally, the Company stated that it will use the proceeds of the sale to reduce outstanding debt on the Company's revolving credit facility. Strategic Hotels & Resorts further stated that the buyer of the property intends to reopen the facility as a health club as soon as possible. The Full Research Report on Strategic Hotels & Resorts, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/e2f9_BEE] -- Glimcher Realty Trust Research Report On October 17, 2013, Glimcher Realty Trust (Glimcher) announced the launch of its newly renovated The Outlet Collection | Seattle. According to the Company, the $35 million redevelopment and rebranding project is a part of a yearlong project where the center received new flooring, lighting, entrances, furniture, and family restrooms. Glimcher further informed that a new Dining Emporium and children's soft play area were also added along with an interior concourse connector aiming to improve shopping experience within the center. Michael P. Glimcher, Chairman and CEO of Glimcher stated, "Since introducing the new brand, we've invested $35 million into the center to create a designer fashion mall environment featuring some of the top outlet brands in the world. As part of the project, we've revitalized more than 100,000 square feet of merchant space, added vibrancy and relevancy to the center, and maximized the continued growth opportunities presented within the outlet sector." The Full Research Report on Glimcher Realty Trust - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/2a8b_GRT] -- Sabra Health Care REIT, Inc. Research Report On October 17, 2013, Sabra Health Care REIT, Inc. (Sabra) announced that it will release its Q3 2013 earnings results on October 23, 2013, after the market closes. According to Sabra, a conference call will be hosted on October 24, 2013, at 10:00 a.m. PT to discuss the results. The Full Research Report on Sabra Health Care REIT, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/6ee4_SBRA] -- Home Bancshares, Inc. Research Report On October 17, 2013, Home Bancshares, Inc. (Home Bancshares), parent company of Centennial Bank, reported its Q3 2013 results. According to the release, the Company's GAAP net income available to common shareholders increased by 14.1% YoY and 4% QoQ to $18.4 million in Q3 2013. On a GAAP basis, Home Bancshares' diluted earnings per share came in at $0.33 per share, compared to diluted earnings of $0.31 in Q2 2013, and $0.28 in Q3 2012. Commenting on the results, John Allison, Chairman of the Company stated, "Our strong capital levels continue to remain considerably above the regulators' capital requirements, while our strong reserves have placed us in a position to partake in an opportunity like the upcoming Liberty Bank market acquisition. This game-changing merger of these two similarly sized Arkansas-based companies with comparable cultures and history makes us confidently optimistic of the Company's continued bright future when Liberty gets on board." The Full Research Report on Home Bancshares, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/428f_HOMB] ---- EDITOR NOTES: 1.This is not company news. 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Financial Companies Report Q3 2013 Financial Results, Sales, Schedules and Announcements - Research Report on PrivateBancorp,
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