Finance & Business Information Exchange Sun, 04 Dec 2016 15:43:10 +0000 Joomla! - Open Source Content Management en-gb (Finance & Business Information Exchange) Entegra Financial Corporation (NASDAQ:ENFC) Shorted Shares Increased By 30% Entegra Financial Corp. is the holding firm of Macon Bank, Inc. . The company has a market cap of $108.57 million. The Bank is a North Carolina chartered savings bank and its business consists primarily of accepting deposits from individuals and small businesses and investing those deposits, together with funds generated from activities and borrowings, primarily in loans secured by real estate, including commercial real estate loans, one- to four-family residential loans, construction loans, and home equity loans and lines of credit. It has 4.68 P/E ratio. The Bank also originates commercial business loans and invests in investment securities.

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Old Line Bancshares Initiated with Market Perform, $20 PT at Keefe Bruyette (NASDAQ:OLBK) Old Line Bancshares (NASDAQ:OLBK) was initiated coverage with a market perform rating and price target of $20 a share by Keefe Bruyette on Wednesday.

The stock is down 1.25% or $0.22 after the news, hitting $17.36 per share. About 260 shares traded hands. Old Line Bancshares, Inc. (MD) (NASDAQ:OLBK) has risen 12.26% since July 7, 2015 and is uptrending. It has outperformed by 23.27% the Samp;P500.

Old Line Bancshares, Inc. operates as the bank holding company for Old Line Bank that provides commercial banking products and services to small and medium size businesses, entrepreneurs, professionals, consumers, and high net worth clients. It accepts various deposit products, including demand, NOW, money market, and savings accounts, as well as certificates of deposit. The company also offers lending products comprising commercial and industrial loans, such as lines of credit, revolving credit facilities, accounts receivable financing, term loans, equipment loans, small business administration loans, standby letters of credit, and unsecured loans; commercial real estate loans; consumer oriented residential real estate loans that consist of funds advanced for the construction of single family residences, multi-family housing, and pre-sold homes; home equity loans and home improvement loans; land acquisition and development loans; and secured and unsecured consumer installment loans.

In addition, it provides safe deposit boxes, wire transfer services, debit cards, prepaid cards, automated teller machine services, credit cards, and Internet and mobile banking services; and investment services, including investment management, estate and succession planning, and brokerage services. Further, the company provides commercial account services which comprise direct deposit of payroll, overnight sweep services, lockbox services, and remote deposit capture services. As of April 15, 2015, it had 19 branches in Washington, DC suburbs and Southern Maryland. The company was founded in 1989 and is headquartered in Bowie, Maryland.

]]> (Super User) Home Equity Loans Sun, 28 Feb 2016 22:15:27 +0000
The Charles Schwab Price Target Cut to $32 at Piper Jaffray, Reiterated at Neutral (NYSE:SCHW)

The Charles Schwab (NYSE:SCHW) was reaffirmed with a neutral rating by Piper Jaffray analysts who lowered their price target by $6 to $32 a share on Wednesday.

The stock is down 0.18% or $0.04 after the news, hitting $22.66 per share. About 17.13M shares traded hands or 28.99% up from the average. Charles Schwab Corp (NYSE:SCHW) has declined 27.94% since July 7, 2015 and is downtrending. It has underperformed by 16.93% the Samp;P500.

The Charles Schwab Corporation, through its subsidiaries, provides wealth management, securities brokerage, banking, money management, and financial advisory services. The company operates through two segments, Investor Services and Advisor Services. It offers brokerage products, such as brokerage accounts; individual retirement accounts; retirement plans for small to large businesses; 529 college savings accounts; designated brokerage accounts; equity incentive plan accounts; and margin loans, as well as access to fixed income securities, equity and debt offerings, options, and futures.

The company also provides no-load, proprietary, and other third-party mutual funds, as well as mutual fund trading and clearing services to broker-dealers; and third-party and proprietary exchange-traded funds. In addition, it offers advice solutions, including separately managed accounts, customized personal advice for tailored portfolios, and specialized planning and full-time portfolio management; and trust custody services, personal trust reporting services, and administrative trustee services. Further, the company provides banking products, such as checking accounts linked to brokerage accounts, savings accounts, certificates of deposit, demand deposit accounts, first lien residential real estate mortgage loans, home equity loans and lines of credit, and personal loans and entity lending collateralized by securities. It serves individuals and institutional clients in the United States, the Commonwealth of Puerto Rico, London, and Hong Kong. The Charles Schwab Corporation was founded in 1971 and is headquartered in San Francisco, California.

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Better to Be Fun Than Rich: Discover Valentine's Day Survey Reveals What People Look for at the Start of a Relationship RIVERWOODS, Ill.--(BUSINESS WIRE)--People looking for love seek fun over finances, according to Discover's 2016 Valentine's Day Survey. The national survey included adults, ages 18 and over, in various stages of relationships. When asked to pick which was the most important factor when entering into a relationship, 40 percent chose fun and adventure, followed by physical attraction at 29 percent, financial stability at 19 percent and starting a family at 12 percent.

The survey also shows that once in a relationship, people place a higher value on their partner's finances as their relationship gets more serious. Among those dating, 59 percent consider their significant other's financial stability to be very or extremely important. Once engaged, that level of importance jumps to 82 percent.

Engaged couples also communicate more about their finances, with 44 percent saying they discuss finances with their significant other at least once a week, compared to 11 percent of those dating.

To Gift or Not to Gift?

Did your significant other tell you not to buy him or her a Valentine's Day gift? If so, there's a good chance they're still hoping for one. Of the 75 percent who told their partner not to bother with a gift, 28 percent honestly meant it, while 47 percent think it would be nice to be surprised with a gift.

Valentine's Day Spending Trends: Millennials to Spend Twice as Much as Baby Boomers

Discover's survey also asked about expected Valentine's Day spending. Overall, consumers say they'll spend an average of $143 on their sweetheart this Valentine's Day, with Millennials, ages 18 to 34, planning to spend the most at $185 on average. That figure is more than double the $70 that Baby Boomers, ages 55 and over, plan to spend.

Credit cards are expected to be the most popular form of payment this Valentine's Day, with 49 percent of shoppers planning to charge their purchases. Forty-four percent say they'll use cash, 43 percent debit cards and 10 percent will redeem credit card rewards.

Compared to 10 years ago, credit card use is expected to be up 26 percent, debit card use up 13 percent, and the use of cash down 28 percent, according to figures from Discover's 2006 Valentine's Day Survey.

This year, 44 percent of consumers say they'll do most of their Valentine's Day shopping in-store, versus 18 percent who will primarily shop online. In addition, 91 percent say they do their shopping a week or more before Valentine's Day.

About Discover's 2016 Valentine's Day Survey

The national survey of 2,023 consumers ages 18 and over was commissioned by Discover and conducted by Instantly, an independent survey research firm, from January 19 to 22, 2016. The maximum margin of sampling error was ±5 percentage points with a 95 percent level of confidence.

About Discover

Discover Financial Services (NYSE: DFS) is a direct banking and payment services company with one of the most recognized brands in US financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company issues the Discover card, Americas cash rewards pioneer, and offers private student loans, personal loans, home equity loans, checking and savings accounts and certificates of deposit through its direct banking business. It operates the Discover Network, with millions of merchant and cash access locations; PULSE, one of the nations leading ATM/debit networks; and Diners Club International, a global payments network with acceptance in more than 185 countries and territories. For more information, visit

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