|Day Low/High||27.76 / 28.23|
|52 Wk Low/High||20.23 / 31.71|
During the first quarter, 81% of Georgia's banks turned a profit, up from less than 60% in the fourth quarter.
While the Peach State has been the center of bank failures over the past three years, the pace of bank closures has subsided.
These turnaround stories are seen reclaiming deferred tax assets this year.
These plays are high risk, very volatile and you should be prepared to hold them long term.
Levi & Korsinsky is investigating potential claims on behalf of purchasers of United Community Banks, Inc.
Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of United Community Banks, Inc.
United Community Banks Inc was a leading decliner within the banking industry, falling 5 cents (-0.6%) to $8.20 on heavy volume.
Most of the largest banks in the Peach State saw earnings improve during the second quarter.
Here's my list of long-shot banks that I will hold onto until they pay off or fall apart completely.
Georgia leads all states with 12 bank failures this year as the shakeout of the weaker players in the state continues.
TheStreet highlights the 10 actively traded bank stocks priced under $5, with the most upside, based on analysts' targets.
While the M&A market for community banks hasn't yet heated up, analysts believe a dramatic consolidation of smaller institutions is inevitable.
TheStreet looks at the 10 actively traded and covered bank stocks that performed the best during the first quarter.
Georgia leads all states for bank failures and also has the highest number of institutions on TheStreet's Bank Watch List.
The Georgia lender decided to skip its next quarterly dividend payment on $180 million in government bailout funds.
In a seller's market for many community banks, TheStreet looks at 10 smaller institutions that analysts believe are prey for larger acquirers.
Georgia has more institutions on TheStreet's Bank Watch List than any other state. Meanwhile its largest players continue to improve.
Private equity's interest in underperforming banks is heating up and TheStreet has identified likely targets.
A closer look at bank stocks with tremendous upside based on consensus price targets separates potential heroes and goats.
Cott shares rally after the beverage maker announces pricing details of its common stock offering.
As credit slowly improves, investors have a rare opportunity to jump into quality bank names for a song, but other banks trading below $5 are having difficulty working through their problem loans.
Several stocks trading near $5 were poised to move on above-average volume during Tuesday's session.
Bad development loans have wracked Georgia, which has had more bank failures than any other state this year and last.
New bank failures for the week of June 22 include Georgia's Southern Community Bank, North Carolina's Cooperative Bank and Kansas' First National Bank of Anthony.
This year's tally of failed U.S. banks and savings and loans now stands at 40.
Synovus' increase to its fourth-quarter loan-loss provision illustrates why banks have failed to use government bailout money to begin making loans again.
These heavily shorted stocks could surge higher on any positive catalyst.
As we move further through this credit cycle, a constant theme for banks is the fallout from overbuilding during the real estate boom -- and some of Georgia's financial institutions appear to be in bad shape.
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