Industry News

S&P Global Market Intelligence, a leading provider of multi-asset class research data and insights. P&C Insurance Market Report suggests that a combination of elevated catastrophe losses, unfavorable results in the private passenger auto business, and declining bond yields could crimp underwriting results and reduce overall..."/>
U.S. Property & Casualty Insurers Headed for Rough Patch, Finds S&P Global Market Intelligence Analysis
Retail Opportunity Investments Corp., a fully-integrated, self-managed, real estate investment trust operating in the West Coast, will visit the Nasdaq MarketSite in Times Square. In honor of the occasion, Stuart A. Tanz, Chief Executive Officer, will ring the Opening Bell. Where: Nasdaq MarketSite– 4 Times Square– 43 rd& Broadway– Broadcast Studio."/>
Retail Opportunity Investments Corp. (Nasdaq: ROIC) to Ring The Nasdaq Stock Market Opening Bell
Texas Capital Bancshares, Inc., the parent company of Texas Capital Bank, and their board of directors declared a cash dividend of $0.40625 per share of the non-cumulative perpetual preferred stock, Series A, which is traded on the NASDAQ under the symbol“ TCBIP”. The Series A Preferred Stock dividend is payable on September 15, 2016, to shareholders of record at the close of business on September 1, 2016.. ABOUT TEXAS CAPITAL BANCSHARES, INC. Texas Capital..."/>
Texas Capital Bancshares, Inc. Announces Quarterly Dividend for Preferred Stock
Aclaris Therapeutics, Inc., a clinical-stage specialty pharmaceutical company, will visit the Nasdaq MarketSite in Times Square. In honor of the occasion, Dr. Neal Walker, President and CEO, will ring the Closing Bell."/>
Aclaris Therapeutics, Inc. (Nasdaq: ACRS) to Ring The Nasdaq Stock Market Closing Bell
Bank of Baroda in connection with a foreign exchange scam detected at the bank last year. The penalty was levied for "weaknesses and failures in internal control mechanisms in respect of certain AML provisions such as monitoring of transactions, timely reporting to FIU, and assigning of UCIC (unique customer identification code to customers." In a stock exchange notification on Monday, the bank said that..."/>
RBI levies Rs5 crore penalty on Bank of Baroda in forex scam [Mint, New Delhi]
Castex Technologies Ltd hit the upper circuit on Monday, totalling a gain of 155% in the last 19 sessions. The scrip closed 4.97% higher at Rs.15.63 on BSE, while India's benchmark Sensex rose 1.05% to 28,095.34 points. Other Amtek Group companies too have been gaining since the past few days."/>
Castex Tech rise for 19 consecutive sessions, gain 155% [Mint, New Delhi]
OUTFRONT Media Inc. announced today that it will report results for the quarter ended June 30, 2016 after the market closes on Thursday, August 4, 2016. The earnings announcement will be available in the Investor Relations section of the Company's website, The Company will host a conference call to discuss the results on August 4, 2016 at 4:30 p.m. Eastern Time."/>
OUTFRONT Media To Report Second Quarter 2016 Results On August 4, 2016
Griffin Industrial Realty, Inc. announced today that it has entered into an amendment to its revolving credit line with Webster Bank, N.A. that extends the Webster Credit Line for two years through July 31, 2018. The Amendment increases the amount of the Webster Credit Line from $12.5 million to $15.0 million and enables Griffin to further extend the Webster Credit Line for an additional year through July 31, 2019. The Amendment provides that the interest..."/>
Griffin Announces Extension of Credit Line
Washington Trust Expands Massachusetts Presence
Liberty Property Trust for approximately $969 million. The sale is expected to close late in the third quarter of 2016.."/>
Workspace Property Trust To Acquire 108 Properties for $969 Million from Liberty Property Trust
Sovran Self Storage, Inc. a self storage real estate investment trust, today announced details of a financing arrangement totaling $200 million of senior unsecured notes. The Company will use proceeds from the $200 million privately placed term notes to repay a portion of its outstanding line of credit. The Series F notes bear interest at 3.67% for their 12- year term."/>
Sovran Self Storage, Inc. Completes Financing of $200 Million of Senior Unsecured Notes
First Republic Bank, a leading private bank and wealth management company, today announced a public offering of its Subordinated Notes. First Republic expects to use the net proceeds from the offering for general corporate purposes, which may include, among other things, funding loans or purchasing investment securities for its portfolio. First Republic may also use the net proceeds of the Offering, together with cash on hand, to redeem,..."/>
First Republic Announces Subordinated Notes Offering
Summit Financial Group, Inc. today reported second quarter 2016 net income of $4.24 million, or $0.40 per diluted share, compared to $4.01 million, or $0.38 per diluted share, for the second quarter of 2015, representing an increase of 5.8 percent, or 5.3 percent per diluted share. Q2 2016 earnings compared to Q2 2015 and Q1 2016 were negatively impacted by increased personnel costs and other noninterest expenses, which were offset by increased net..."/>
UPDATE -- Summit Financial Group Reports Second Quarter and First Half 2016 Results
Inovalis Real Estate Investment Trust today announced the closing of its previously announced public offering of 4,842,190 trust units, inclusive of 631,590 Units issued pursuant to the exercise in full of the over-allotment option, on a bought deal basis, at a price of $9.50 per Unit for total gross proceeds to the REIT of $46,000,805. The Offering was conducted..."/>
Inovalis Real Estate Investment Trust announces Closing of $46 million Bought Deal Financing
Black Knight Financial Services, Inc. released its latest Home Price Index report, based on May 2016 residential real estate transactions. The Black Knight HPI utilizes repeat sales data from the nation's largest public records data set, as well as its market-leading, loan-level mortgage performance data, to produce one of the most complete and accurate measures of home prices available for both..."/>
Black Knight Home Price Index Report: May 2016 Transactions -- U.S. Home Prices Up 1.1 Percent for the Month; Up 5.4 Percent Year-Over-Year
Eastern Virginia Bankshares, Inc., the one bank holding company of EVB, reported today its results of operations for the three and six months ended June 30, 2016.. The Company's results for the three and six months ended June 30, 2016 were directly impacted by increases in the average balances of loans, deposits, short-term borrowings and senior subordinated debt during the three and six months ended June 30, 2016 as compared to the same..."/>
Eastern Virginia Bankshares, Inc. Releases Second Quarter 2016 Results
Magyar Bancorp, parent company of Magyar Bank, reported today the results of its operations for the three and nine months ended June 30, 2016.. The Company reported net income of $252,000 for the three months ended June 30, 2016, compared to net income of $245,000 for the three months ended June 30, 2015. Net income for the nine months ended June 30, 2016 was $740,000 compared to net income of $574,000 for the nine months ended June 30, 2015.."/>
Magyar Bancorp, Inc. Announces Third Quarter Financial Results
Franklin Financial Services Corporation, the bank holding company of F&M Trust, reported earnings of $1.6 million for the second quarter ended June 30, 2016. This represents a 36.9% decrease when compared to second quarter 2015 earnings of $2.5 million and a 42.7% decrease when compared to first quarter 2016 earnings of $2.7 million. Second quarter 2016 earnings were negatively affected by the provision for loan loss expense of $1.88..."/>
Franklin Financial Reports Second Quarter 2016 Earnings
QTS Realty Trust, an international provider of data center, managed hosting and cloud services, announced today that David McOmber, formerly with IBM, has joined the company as Executive Vice President– Public Sector and Federal Sales. McOmber has more than 20 years of industry experience, most recently serving as IBM's Vice President of Federal Civilian and Healthcare Agencies where he was responsible for the overall strategy,..."/>
QTS Adds David McOmber as Executive Vice President, Public Sector and Federal Sales
MutualFirst Financial, Inc., the holding company of MutualBank, announced today net income available to common shareholders for the second quarter ended June 30, 2016 increased to $4.2 million, or $0.55 diluted earnings per common share. This compared to net income available to common shareholders for the same period in 2015 of $3.2 million, or $0.43 diluted earnings per common share. Annualized return on average assets was 1.10% and return..."/>
MutualFirst Announces Increased Earnings in the Second Quarter of 2016

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