Wedbush Morgan
SANTA PAULA, Calif.--(BUSINESS WIRE)-- Santa Clara Valley Bank (SCVBank) (OTCBB: SCVE) today announced its 2008 third quarter financial results. During the third quarter, loans grew $8.8 million while deposits increased by $4.9 million. The loan growth consisted primarily of solid commercial real estate loans that other local banks were unable to fund. New depositors have come to SCVBank due to its financial strength. As a Five-Star Bank, one of the safest in America per BauerFinancial, Inc., depositors have come from several troubled banks increasing the Bank's deposits significantly during the quarter. The Bank's CDARS program, which provides FDIC insurance up to $50 million dollars, has also been an effective program for many depositors. For the nine months ending 9/30/08, SCVBank's net income was $421,000, or $0.39 per share, an increase of 46% compared to $288,000, or $0.27 per share, for the same period a year earlier. SCVBank's net interest income increased by $364,000 ...
Wedbush Morgan lowers its price target on Garmin Ltd. (Nasdaq: GRMN) from $40 to $30 and ...
Wedbush Morgan initiates coverage of Ascent Solar Technologies (Nasdaq: ASTI) with a Hold rating and $5.50 price target.
Wedbush analyst says ...
Wedbush Morgan initiates coverage of Energy Conversion Devices (Nasdaq: ENER) with a Buy rating and a $62 price target.
Wedbush analyst ...
Wedbush Morgan downgrades Akamai Technologies, Inc. (NASDAQ: AKAM) from Buy to Hold and ...
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