VantageSouth Bancshares, Inc. (NYSE MKT:VSB), whose wholly-owned subsidiary is VantageSouth Bank, announced that it has repurchased all of its Fixed Rate Cumulative Perpetual Preferred Stock, Series A and its Fixed Rate Cumulative Perpetual Preferred Stock, Series B that it issued to the U.S. Department of the Treasury (“Treasury”) under the Treasury’s Troubled Asset Relief Program’s Capital Purchase Program. VantageSouth Bancshares, Inc. (NYSEMKT:VSB) shares after opening at $7.00 on last trade day and at the end of the day closed at $6.98. Company price to sales ratio in past twelve months was calculated as 4.08 and price to cash ratio as 2.93. VantageSouth Bancshares, Inc. (NYSEMKT:VSB) showed a positive weekly performance of 3.71%.
EMC Insurance Group (NASDAQ:EMCI) was downgraded by analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. EMC Insurance Group Inc. (NASDAQ:EMCI) shares advanced 0.72% in last trading session and ended the day on $35.03. EMCI return on equity ratio is recorded as 10.30% and its return on assets is 3.30%. EMC Insurance Group Inc. (NASDAQ:EMCI) yearly performance is 15.23%.
Yadkin Financial Corporation (NASDAQ:YDKN) may be setting up an acquisition target. The bank holding company is said to be targeting a regional bank with strong financial results.It is said that Yadkin Financial Corporation (NASDAQ:YDKN) and VantageSouth Bancshares, Inc. (NYSEMKT:VSB) are looking at a deep partnership, maybe an acquisition or a merger. Banks and financial institutions have seen some very difficult times and understand that the key to inorganic growth is only through mergers and acquisitions. Yadkin has already prepared a war chest of $299 million to fund the purchase. Once the deal is approved, the combined entity will have assets of $4 billion, making it the largest community bank in North Carolina. There are other compelling reasons apart from this. The combined entity will be able to expand the customer network and also provide a better return to shareholders. Yadkin Financial Corp (NASDAQ:YDKN) shares moved down -0.28% in last trading session and was closed at $21.68, while trading in range of $21.60 – $21.80. Yadkin Financial Corp (NASDAQ:YDKN) year to date (YTD) performance is 27.23%.
Emerge Energy Services LP (NASDAQ:EMES) Common Units representing Limited Partner Interests stock had its “buy” rating reiterated by equities research analysts at Bank of America in a research note issued to investors on Monday, AnalystRatingsNetwork reports. They currently have a $50.00 price target on the stock, down from their previous price target of $61.00. Bank of America’s target price points to a potential downside of 12.57% from the stock’s previous close. Emerge Energy Services LP (NYSE:EMES) weekly performance is 13.46%. On last trading day company shares ended up $57.00. Emerge Energy Services LP (NYSE:EMES) distance from 50-day simple moving average (SMA50) is 24.81%. Analysts mean target price for the company is $48.40.