PacWest Bancorp (Nasdaq:PACW) and CapitalSource Inc. (NYSE: CSE) (“CapitalSource”) announced they have received regulatory approval from the Board of Governors of the Federal Reserve System and that the merger will close on Monday, April 7, 2014 at the close of business. PacWest Bancorp (NASDAQ:PACW) shares after opening at $46.03 moved to $47.22 on last trade day and at the end of the day closed at $47.09. Company price to sales ratio in past twelve months was calculated as 6.79 and price to cash ratio as 12.00. PacWest Bancorp (NASDAQ:PACW) showed a positive weekly performance of 12.90%.
Cowen and Company began coverage on shares of DuPont Fabros Technology (NYSE:DFT) in a research note issued on Thursday, Analyst Ratings Net reports. The firm set an “outperform” rating on the stock. DuPont Fabros Technology, Inc. (NYSE:DFT) shares advanced 4.20% in last trading session and ended the day on $23.82. DFT return on equity ratio is recorded as 3.20% and its return on assets is 1.10%. DuPont Fabros Technology, Inc. (NYSE:DFT) yearly performance is -2.10%.
Tiptree Financial Inc. (NASDAQ:TIPT) issued a press release announcing its results of operations for the quarter and year ended December 31, 2013. Tiptree Financial Inc (NASDAQ:TIPT) shares moved up 1.95% in last trading session and was closed at $7.83 while trading in range of $7.05 – $13.98 – Tiptree Financial Inc (NASDAQ:TIPT) year to date (YTD) performance is 6.68%.
Regional Management Corp. (NYSE:RM) reported operating net income of 73 cents for the fourth quarter of 2013, exceeding the Zacks Consensus Estimate of 66 cents. Results also improved from 52 cents earned in the year-ago quarter. Regional Management Corp (NYSE:RM) weekly performance is -3.46%. On last trading day company shares ended up $23.99. Regional Management Corp (NYSE:RM) distance from 50-day simple moving average (SMA50) is -20.27%. Analysts mean target price for the company is $36.13.
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