Friday's Financial Winners & Losers
Capital One (COF) advanced after the McLean, Va.-based credit card company was upgraded by Hilliard Lyons to buy from neutral. Shares gained 40 cents to $73.50.
Under the settlement, no party is obligated to pay money to any party. The other terms of the agreement are confidential. Shares of Fidelity National gained 40 cents, or about 1%, to $40.63. Global Cash Access rose 6 cents to $15.49. Seacoast Banking (SBCF) lost ground after the Florida bank was downgraded by Stifel Nicolaus to hold from buy. Shares were trading down $1.09, or 3.54%, to $29.68.
Atlantic Coast Federal (ACFC) gained after the Georgia bank said its board authorized a new stock buyback plan.The company, which completed a share repurchase, will buy back an additional 478,000 shares, or 10% of its outstanding stock. The company says the buyback will expired in next August. Since 2005, the company has repurchased about 865,000 shares of its common stock. Shares gained 47 cents, or 2.68%, to $18.03. CVB Financial (CVBF) gained after RBC Capital Markets initiated coverage of the California-based bank with a sector-perform rating. Shares gained 18 cents, or 1.20%, to $15.12 recently.
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