On June 02, 2014, The First Marblehead Corporation (NYSE:FMD), announced that it has entered into an amendment to its loan program agreement with SunTrust Bank. The amendment extends the term of the loan program agreement through September 30, 2017 while reducing the Company’s funding requirements for credit enhancement on both a historical and prospective basis to approximately 50% of the amount required before the amendment was executed. The First Marblehead Corporation (NYSE:FMD), net profit margin is -78.40% and weekly performance is 15.73%. On last trading day company shares ended up $4.93. Analysts mean target price for the company is $5.50. The First Marblehead Corporation (NYSE:FMD), distance from 50-day simple moving average (SMA50) is -2.72%.
Palmetto Bancshares Inc (NASDAQ:PLMT), advanced 6.62% in last trading session and ended the day on $14.34. PLMT, its return on assets is 2.50%. Palmetto Bancshares Inc (NASDAQ:PLMT), quarterly performance is 3.02%.
On June 03, 2014, LGI Homes Inc (NASDAQ:LGIH), announced an all-time record for closings during a single month with 228 homes closed in May 2014. This is up from 143 homes closed in May 2013, representing year-over-year growth of 59.4%. May 2013 home closings include those from the Company’s pre-IPO joint ventures. At the end of May 2014, the Company had 30 active selling communities compared to 18 active selling communities at the end of May 2013. LGI Homes Inc (NASDAQ:LGIH), shares moved up 6.27% in last trading session and was closed at $17.96, while trading in range of $17.00 – $18.15. LGI Homes Inc (NASDAQ:LGIH), year to date (YTD) performance is 0.96%.
On May 29, 2014, CommunityOne Bancorp (NASDAQ:COB), has announced that CEO Brian E. Simpson is a finalist for the EY Entrepreneur Of The Year™ 2014 Award in the Southeast, which includes Alabama, Georgia, North Carolina, South Carolina and Tennessee. The award program recognizes entrepreneurs who demonstrate excellence and extraordinary success in areas such as innovation, financial performance, and personal commitment to their businesses and communities. Bancorp (NASDAQ:COB), ended the last trading day at $10.47. Company weekly volatility is calculated as 3.68% and price to cash ratio as 2.19. CommunityOne Bancorp (NASDAQ:COB), showed a positive weekly performance of 8.39%.
First Federal of Nrthrn Michgn Bancp Inc (NASDAQ:FFNM), net profit margin is 2.40% and weekly performance is 1.60%. On last trading day company shares ended up $5.72.. First Federal of Nrthrn Michgn Bancp Inc (NASDAQ:FFNM), distance from 50-day simple moving average (SMA50) is 10.31%.