Mercantile Bank Corporation (NASDAQ:MBWM) and Firstbank Corporation (NASDAQ:FBMI) (“Firstbank”) announced today that all regulatory approvals for their proposed merger, announced on August 15, 2013, have been received. Mercantile and Firstbank shareholders previously approved the merger in December 2013. Subject to the satisfaction of customary closing conditions, the merger is expected to be completed as of June 1, 2014. Firstbank Corporation (NASDAQ:FBMI) net profit margin is 20.20% and weekly performance is 7.74%. On last trading day company shares ended up $18.79. Analysts mean target price for the company is $18.00. Firstbank Corporation (NASDAQ:FBMI) distance from 50-day simple moving average (SMA50) is 2.51%.
Kennedy Wilson Holdings Inc. (NYSE:KW) Europe Real Estate PLC Friday said it has agreed to acquire two Irish property portfolios in a deal worth more than EUR400 million. Kennedy Wilson, which manages GBP8.5 billion of property assets across the US, Europe and Japan, said the first deal is for a portfolio of residential and commercial properties located in Dublin in a deal worth EUR88.1 million. The transaction consists of EUR30.7 million in cash and around EUR57.4 million of assumed non-recourse debt. Kennedy-Wilson Holdings Inc. (NYSE:KW) shares advanced 5.10% in last trading session and ended the day on $23.10. KW gross Margin is 27.20% and its return on assets is -1.10%.Kennedy-Wilson Holdings Inc. (NYSE:KW) quarterly performance is 0.39%.
Walter Investment Management Corp. (NYSE:WAC) shares were among the best performing financial sector stocks Thursday following first quarter earnings results that handily topped analyst estimates. Walter Investment Management Corp (NYSE:WAC) shares moved up 17.32% in last trading session and was closed at $29.13, while trading in range of $25.00 – $30.28. Walter Investment Management Corp (NYSE:WAC) year to date (YTD) performance is -17.62%.
Assured Guaranty (NYSE:AGO) declared a quarterly dividend on Wednesday, May 7th, Analyst Ratings Network.com reports. Stockholders of record on Wednesday, May 21st will be given a dividend of 0.11 per share on Wednesday, June 4th. This represents a $0.44 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Monday, May 19th. Assured Guaranty Ltd. (NYSE:AGO) ended the last trading day at $25.52. Company weekly volatility is calculated as 3.15% and price to cash ratio as 25.30.Assured Guaranty Ltd. (NYSE:AGO) showed a positive weekly performance of 6.16%.