Big News Gains: Towne Bank (NASDAQ:TOWN), MGP Ingredients (NASDAQ:MGPI), ARMOUR Residential REIT (NYSE:ARR), Suncor Energy (NYSE:SU), Alcobra (NASDAQ:ADHD)

Posted by on Aug 31, 2015

Towne Bank (NASDAQ:TOWN) shares advanced 0.77% in last trading session and ended the day at $18.36. TOWN has a return on assets of 0.90%. Towne Bank (NASDAQ:TOWN) quarterly performance is 15.33%.

TowneBank offers retail and commercial banking services to the Greater Hampton Roads region in southeastern Virginia and northeastern North Carolina. The Banking segment provides loan and deposit services to retail and commercial customers.

TowneBank (NASDAQ:TOWN) announced that its Board of Directors on August 26, 2015 declared its third-quarter shareholder cash dividend of $0.12 per common share payable on October 9, 2015 to shareholders of record on September 30, 2015.

MGP Ingredients Inc. (NASDAQ:MGPI) ended the last trading day at $15.94. Company weekly volatility is calculated as 4.07% and price to cash ratio as 53.44. MGP Ingredients Inc. (NASDAQ:MGPI) showed a weekly performance of 8.07%.

MGP Ingredients, Inc. is a holding company with no operations of its own. The Company’s principal directly-owned operating subsidiaries are MGPI Processing, Inc. and MGPI of Indiana, LLC (MGPI-I).

On August 18, 2015, MGP Ingredients, Inc. (NASDAQ:MGPI) announced the election of David Colo to the Board of Directors of the Company. Mr. Colo was elected to the Board by the Company’s preferred stockholders at a special meeting of preferred stockholders held on August 17, 2015. Mr. Colo was elected to fill a vacancy created by the resignation of Cloud L. “Bud” Cray from the Board.

On 31 August, ARMOUR Residential REIT, Inc. (NYSE:ARR) shares moved down -0.93% and was closed at $21.37. ARR EPS growth in last 5 year was -36.50%. ARMOUR Residential REIT, Inc. (NYSE:ARR) year to date (YTD) performance is -20.56%.

ARMOUR Residential REIT, Inc. (ARMOUR) is an externally managed real estate investment trust (REIT). The Company invests in residential mortgage backed securities. The Company’s securities portfolio consists primarily of Agency Securities backed by fixed rate home loans. The Company is authorized to invest in Agency Securities and Non-Agency Securities backed by fixed rate, hybrid adjustable rate and adjustable rate home loans, as well as unsecured notes and bonds issued by United States Government-sponsored entity (GSE) Treasuries and money market instruments.

Suncor Energy Inc. (NYSE:SU) shares increased 1.36% in last trading session and ended the day at $28.24. SU Gross Margin is 56.50% and its has a return on assets of 1.70%. Suncor Energy Inc. (NYSE:SU) quarterly performance is -3.02%.

Suncor Energy Inc. (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production, and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.

Suncor Energy Inc. (NYSE:SU)’s Board of Directors has approved a quarterly dividend of $0.29 per share on its common shares, payable September 25, 2015 to shareholders of record at the close of business on September 4, 2015.

Alcobra Ltd. (NASDAQ:ADHD) caters to the Healthcare space. Its weekly performance is -2.04%. On the last day of trading company shares ended up $7.68. Alcobra Ltd. (NASDAQ:ADHD) distance from 50-day simple moving average (SMA50) is 2.92%.

Alcobra Ltd is an Israel-based Biopharmaceutical company. It focuses on the development and commercialization of a proprietary drug, MG01CI, to treat Attention Deficit Hyperactivity Disorder (ADHD), a common and morbid neuropsychiatric condition in children and adults.

Zacks upgraded shares of Alcobra (NASDAQ:ADHD) from a hold rating to a strong-buy ratingin a report published onMonday, MarketBeat reports. Zacks currently has $10.00 price objective on the stock.

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