This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Thursday's Financial Stock Winners & Losers

Accredited Home Lenders (LEND), a subprime mortgage lender, rose after saying it plans to acquire fellow home-loan provider Aames Investment (AIC).

The stock-and-cash transaction values Aames at around $340 million, or $5.35 a share. Of the purchase price, roughly $109 million, or 32% of the total, will be paid in cash. Shares of Aames lost 36 cents, or 6.3%, to $5.36. Accredited gained $1.35, or 2.6%, to $53.29.

Alabama National BanCorporation (ALAB) agreed to buy PB Financial Services in a deal that will merge two Southeastern banks.

Alabama National will issue roughly 1.9 million common shares and share equivalents to Peachtree's stockholders. Based on Alabama National's Wednesday closing price, the deal is worth about $128.2 million. Shares of Alabama National rose $1.02, or 1.5%, to $68.50.

Regions Financial (RF - Get Report) disclosed plans to acquire another Alabama-based bank, AmSouth (ASO), for $9.8 billion in stock.

The deal will create the 10th largest bank in the U.S., with $140 billion in assets. Regions will exchange $28.33 worth of stock for each AmSouth share. AmSouth closed Wednesday at $28.90, and its shares fell 90 cents, or 3.1%, to $28 after the deal was announced. Regions lost $1.09, or 3.1%, to $34.44.

Wachovia (WB) edged higher after Prudential upgraded the bank to neutral from underweight. Shares of Wachovia were up 23 cents, or 0.4%, to $53.26.

Heritage Financial Group (HBOS - Get Report), a bank holding company, said its board approved a stock repurchase program to fund the restricted stock portion of its 2006 equity incentive plan.

Heritage plans to buy back up to 220,328 shares from time to time, depending on market conditions, in open-market or privately negotiated transactions. The authorized share repurchases represent about 2% of the company's stock outstanding. Shares of Heritage rose 47 cents, or 3.8%, to $13.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AIC $24.85 0.00%
HBOS $26.73 0.00%
RF $9.31 0.00%
WB $13.20 0.00%
AAPL $124.24 0.00%

Markets

DOW 17,678.23 -40.31 -0.23%
S&P 500 2,056.15 -4.90 -0.24%
NASDAQ 4,863.3620 -13.1570 -0.27%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs