Month: May 2020

Midland States Bancorp, Inc. Declares Quarterly Cash Dividend of $0.2675 Per Share

Written by Customer Service on May 5, 2020. Posted in Dividend Reports And Estimates.

EFFINGHAM, Ill., May 05, 2020 (GLOBE NEWSWIRE) — Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.2675 per share. The dividend is payable on or about May 22, 2020 to all shareholders of record as of the close of business on May 15, 2020.About Midland States Bancorp, Inc.Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareholder of Midland States Bank. As of March 31, 2020, the Company had total assets of approximately $6.21 billion, and its Wealth Management Group had assets under administration of approximately $2.97 billion. Midland provides a full range of commercial and consumer banking products and services, business equipment financing, merchant credit card services,...

COMPX REPORTS FIRST QUARTER 2020 RESULTS

Written by Customer Service on May 5, 2020. Posted in Public Companies.

Dallas, Texas, May 05, 2020 (GLOBE NEWSWIRE) — DALLAS, TEXAS … May 5, 2020 … CompX International Inc. (NYSE American: CIX) announced today sales of $32.3 million for the first quarter of 2020 compared to $31.2 million in the same period of 2019. Operating income was $5.0 million in the first quarter of 2020 compared to $4.3 million in the same period of 2019. Net income was $4.3 million, or $0.34 per basic and diluted common share, for the first quarter of 2020 compared to $4.0 million, or $0.32 per basic and diluted common share, in the same period of 2019.Net sales increased for the quarter primarily due to higher Security Products sales to existing government security customers, partially offset by lower sales to transportation and distribution customers. Marine Components also contributed higher sales for the quarter, mainly...

Stifel Financial Appoints Kathleen Brown Lead Independent Director

Written by Customer Service on May 5, 2020. Posted in Public Companies.

ST. LOUIS, May 05, 2020 (GLOBE NEWSWIRE) — Stifel Financial Corp. (NYSE: SF) today announced that Kathleen Brown was appointed Lead Independent Director to the Stifel Board, effective at the conclusion of the annual shareholders meeting scheduled for May 15, 2020. Kathleen succeeds Robert Grady who has served as Lead Independent Director since 2017 and will remain on the Board as an independent member as well as the Chairman of the Risk Management & Corporate Governance Committee and a member of the Executive Committee. Ms. Brown’s appointment was a component of Stifel’s overall corporate governance approach that includes the regular rotation of directors into the role of Lead Independent Director.“Since joining the board in 2016, Kathleen has been an invaluable asset to Stifel,” stated Chairman & CEO Ron Kruszewski. “Her...

AssetMark Reports Record Net Flows for First Quarter 2020

Written by Customer Service on May 5, 2020. Posted in Public Companies.

CONCORD, Calif., May 05, 2020 (GLOBE NEWSWIRE) — AssetMark Financial Holdings, Inc. (NYSE: AMK) today announced financial results for the quarter ended March 31, 2020.First Quarter 2020 Financial and Operational HighlightsNet income for the quarter was $2.7 million, or $0.04 per share.Adjusted net income for the quarter was $17.7 million, or $0.24 per share, on total revenue of $114.9 million.Adjusted EBITDA for the quarter was $28.4 million, or 24.7% of total revenue.Platform assets increased 12.7% year-over-year, but declined 9.1% quarter-over-quarter due to a negative $9.5 billion market impact net of fees, partially offset by quarterly net flows of $1.8 billion and an addition of $2.1 billion from the acquisition of OBS Financial, which closed in late February.Year-to-date annualized net flows as a percentage of beginning-of-year...

LPL Financial Provides $1M of Relief to Local and National Organizations in Response to COVID-19 Disruption

Written by Customer Service on May 5, 2020. Posted in Public Companies.

CHARLOTTE, N.C., May 05, 2020 (GLOBE NEWSWIRE) — LPL Financial LLC, a leading retail investment advisory firm, RIA custodian and independent broker-dealer, today announced that the firm and its charitable foundation, the LPL Financial Foundation have extended a combined $1 million in financial support to national and local organizations serving those in need during the COVID-19 crisis.“The coronavirus pandemic is creating crises at the national and local levels. As a result, charitable organizations are under stress to address the growing need for their support,” said Sallie Larsen, LPL Financial managing director and Chief Human Capital Officer. “We applaud the efforts of our charity partners to quickly adapt and evolve the support and care they provide. Their commitment to our communities creates access to such fundamental needs...

South Plains Financial, Inc. Announces 2020 Annual Meeting of Shareholders Will be Held Solely by Means of Remote Communication

Written by Customer Service on May 5, 2020. Posted in Public Companies.

LUBBOCK, Texas, May 05, 2020 (GLOBE NEWSWIRE) — South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank, announced today that, due to the ongoing public health concerns with the coronavirus (COVID-19) pandemic, the Company’s Board of Directors voted to change the 2020 Annual Meeting of Shareholders (the “Annual Meeting”) to be held solely by means of remote communication. Shareholders will no longer be able to attend the Annual Meeting in person. The previously announced date and time of the Annual Meeting have not changed and the Annual Meeting will begin promptly at 2:00 p.m., Central Time, on Tuesday, May 19, 2020.Attendance and ParticipationShareholders of record as of the close of business on March 25, 2020, the record date for the Annual Meeting, may participate in the...

180 Degree Capital Corp. Life Science Portfolio Company Enters Into Definitive Agreement to be Acquired

Written by Customer Service on May 5, 2020. Posted in Mergers And Acquisitions.

MONTCLAIR, N.J., May 05, 2020 (GLOBE NEWSWIRE) — 180 Degree Capital Corp. (NASDAQ:TURN) (“180”) announced today that one of its privately held life science portfolio companies has entered into a definitive agreement to be acquired by an undisclosed party. The transaction is currently expected to close in mid-to-late May 2020.The terms of the acquisition are confidential. 180 notes, however, that upon closing, it will receive approximately $4.4 million in cash for its position in the company. Approximately $400,000 in additional proceeds will be held in escrow for one year. 180 will also be eligible to receive up to approximately $81 million in potential future payments upon the achievement of undisclosed development and commercial milestones. 180 currently estimates that the first milestone payment could occur in 2-3 years, and...

10x Genomics to Present at the BofA Securities 2020 Healthcare Conference

Written by Customer Service on May 5, 2020. Posted in Public Companies.

PLEASANTON, Calif., May 05, 2020 (GLOBE NEWSWIRE) — 10x Genomics (Nasdaq: TXG) today announced the company will be participating in the upcoming BofA Securities Virtual Healthcare Conference.10x Genomics’ management is scheduled to present on Wednesday, May 13 at 8:00 a.m. Pacific Time / 11:00 a.m. Eastern Time. Interested parties may access a live and archived webcast of the presentation on the “Investors” section of the company website at: investors.10xgenomics.comAbout 10x Genomics10x Genomics is a life science technology company building products to interrogate, understand and master biology to advance human health. The company’s integrated solutions include instruments, consumables and software for analyzing biological systems at a resolution and scale that matches the complexity of biology. 10x Genomics products have been...

Credit Acceptance Named to the 2020 Nevada Top Workplaces List

Written by Customer Service on May 5, 2020. Posted in Public Companies.

Southfield, Michigan, May 05, 2020 (GLOBE NEWSWIRE) — Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been awarded a 2020 Top Workplaces honor by the Las Vegas Review-Journal and the Las Vegas Business Press.Our ranking was based solely on the results of a team member survey administered by Energage, LLC, an employee research and culture technology firm. Several aspects of our workplace culture and organizational health were measured, including alignment, execution, and connection, just to name a few.This is the fourth workplace award that we’ve received this year as we also received:FORTUNE 100 Best Companies to Work For (last seven years in a row)Best Workplaces in Financial Services & Insurance (last six years in a row)National Best and Brightest Companies...

Sprouts Farmers Market, Inc. Reports First Quarter 2020 Results and Second Quarter Update

Written by Customer Service on May 5, 2020. Posted in Public Companies.

PHOENIX, May 05, 2020 (GLOBE NEWSWIRE) — Sprouts Farmers Market, Inc. (Nasdaq: SFM) today reported results for the 13-week first quarter ended March 29, 2020, an update on second quarter results and outlined its strategy for profitable long-term growth.First Quarter Highlights:Net sales of $1.6 billion; a 16% increase from the same period in 2019Comparable store sales growth of 10.6% and two-year comparable store sales growth of 12.0%Net income of $92 million; compared to net income of $56 million from the same period in 2019Adjusted net income(1) of $93 million; compared to $57 million from the same period in 2019Diluted earnings per share of $0.78 and adjusted diluted earnings per share(1) of $0.79; compared to $0.46 diluted and adjusted diluted earnings per share from the same period in 2019Positive impact from COVID-19 pandemic...

Month: May 2020

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