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Saturday 17 October 2015
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Stocks Recap: PrivateBancorp Inc (NASDAQ:PVTB), Rackspace Hosting, Inc. (NYSE:RAX), Third Point Reinsurance Ltd (NYSE:TPRE), Fulton Financial Corp (NASDAQ:FULT)

On Friday, PrivateBancorp Inc (NASDAQ:PVTB)’s shares declined -4.55% to $36.71.

PrivateBancorp, Inc. (PVTB) declared its board of directors declared a quarterly cash dividend of $0.01 per share for the third quarter 2015 payable on September 30, 2015, to stockholders of record on September 16, 2015. This dividend is unchanged from the preceding quarterly dividend of $0.01 per share.

PrivateBancorp, Inc. operates as the holding company for The PrivateBank and Trust Company that provides customized financial services to middle market companies, business owners, executives, entrepreneurs, and families in the United States. It offers commercial and personal banking products and services, counting checking, savings, and money market accounts; corporate deposits; interest-bearing and non-interest bearing demand deposits; and certificates of deposits.

Rackspace Hosting, Inc. (NYSE:RAX)’s shares dropped -0.93% to $29.87.

PlanetOne Communications, the IT and telecom industry’s preferred connectivity partner, recently declared that it has joined the Partner Network for Rackspace® (RAX), the #1 managed cloud company. PlanetOne channel partners will gain access to Rackspace’s award-winning portfolio of cloud services and solutions. This relationship is designed to add mutual value for current clients and enhance targeted exposure and reputation for both companies.

Rackspace will attend the PlanetOne year-end Telecom Tour event Nov. 3-4 in Scottsdale, Ariz. Hosted by Schuman and keynoted by MLB great Pete Rose, the annual event is open to all PlanetOne channel partners and prospects free of charge counting agents, MSPs and IT solution providers. Pre-event registration is required and easily accessible by clicking here.

Rackspace Hosting, Inc., through its auxiliaries, provides cloud computing services and managing Web-based IT systems for small and medium-sized businesses and large enterprises worldwide. The company’s service offering combines hosting on dedicated hardware and on multi-tenant pools of virtualized hardware in a way that suits each customer’s requirements. Its public cloud services refer to pooled computing resources delivered on-demand over the Internet.

At the end of Friday’s trade, Third Point Reinsurance Ltd (NYSE:TPRE)‘s shares dipped -1.42% to $13.90.

Third Point Reinsurance Ltd. (TPRE) was a big mover last session, as the company saw its shares rise over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $13.29 to $14.07 since Aug 20, 2015.

The company has seen no estimate revisions over the past 7 days, while the Zacks Consensus Estimate remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Third Point Reinsurance Ltd., through its auxiliaries, provides various specialty property and casualty reinsurance products in the Americas, Europe, the Middle East, Africa, and Asia. The company operates in two segments, Property and Casualty Reinsurance, and Catastrophe Risk Administration.

Fulton Financial Corp (NASDAQ:FULT), ended its Friday’s trading session with -2.66% loss, and closed at $11.73.

The Board of Directors of Fulton Financial Corporation ( FULT) has declared a quarterly cash dividend of nine cents per share on its common stock, payable on October 15, 2015, to shareholders of record as of October 1, 2015.

Fulton Financial Corporation is a Lancaster, Pennsylvania-based financial holding company that has banking offices in Pennsylvania, Maryland, Delaware, New Jersey and Virginia through the following associates, headquartered as indicated: Fulton Bank, N.A., Lancaster, PA; Swineford National Bank, Middleburg, PA; Lafayette Ambassador Bank, Bethlehem, PA; FNB Bank, N.A., Danville, PA; Fulton Bank of New Jersey, Mt. Laurel, NJ; and The Columbia Bank, Columbia, MD.

Fulton Financial Corporation operates as a multi-bank financial holding company that provides a range of banking and financial services to businesses and consumers. It offers personal banking services that comprise various checking account and savings deposit products, certificates of deposit, and individual retirement accounts.

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