Latest Buzz in the Financial Sector: Complementary Research on Porter Bancorp, Planet Payment, Bankwell Financial, Impac Mortgage and QCR Holdings

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May 15, 2015, 09:00 ET from Analysts Review

NEW YORK, May 15, 2015 /PRNewswire/ --

Moments ago, Analysts Review released new research updates concerning several important developing situations including Porter Bancorp Inc. (NASDAQ: PBIB), Planet Payment, Inc. (NASDAQ: PLPM), Bankwell Financial Group, Inc. (NASDAQ: BWFG), Impac Mortgage Holdings Inc. (NYSE MKT: IMH), and QCR Holdings Inc. (NASDAQ: QCRH). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.

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Today's update concerns the following companies:


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PBIB Research Report: ( ),

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BWFG Research Report: ( ),

IMH Research Report: ( ),

QCRM Research Report: ( ).



Analyst Update: Financial and Operational Resultsand Note Purchase Agreement 

U.S. stocks closed higher on Thursday, recovering from a sequence of slight losses over the week. The rally came despite unexpected drop in both weekly jobless claims and headline inflation figure. The NASDAQ Composite closed at 5,050.79, up 1.39%, the S&P 500 jumped 1.08%, to 2,121.10, and the Dow Jones Industrial Average ended the session 1.06% higher, at 18,252.24. European stocks surged sharply higher on Thursday after the European Central Bank's president reaffirmed its commitment to continue massive stimulus program for the Eurozone. Germany's DAX 30 advanced 1.84%, France's CAC 40 gained 1.36%, and London's FTSE 100 closed 0.34% higher on Thursday. Meanwhile, Asian markets were once again mixed on Thursday. The Shanghai Composite and Hong Kong's Hang Seng posted modest gains, while Japan's Nikkei fell on Thursday.    

Porter Bancorp, Inc., the parent company of PBI Bank, reported its financial results for Q1 FY 15 on April 30, 2015.  The Company reported that it generated net income attributable to common shareholders of $409,000 or $0.02 per basic and diluted common share for Q1 FY 15, compared with a net loss attributable to common shareholders of $976,000 or $0.08 loss per basic and diluted share, in the same period prior year.

Planet Payment, Inc. announced its operational and financial results for the first quarter 2015 on May 7, 2015. The net revenue figures for the quarter came in at $12.1 million vis-à-vis $11.2 million in the year ago period. The Company generated a net income of $1.7 million during Q1 FY15 as compared to a net loss of $0.8 million in Q1 FY14.

Bankwell Financial Group, Inc. released its financial results for the first quarter of 2015 on April 30, 2015. The Company reported net revenues of $10.5 million for Q1 FY15 up 32.6% on a Y-o-Y basis. Net interest income during the quarter was $9.9 million, an increase of 38.5% vis-à-vis Q1 FY14.

On May 8, 2015, Impac Mortgage Holdings, Inc. announced that it has entered into a Note Purchase Agreement, pursuant to which the Company has issued $25 million in original aggregate principal amount of Convertible Promissory Notes due 2020. As per the announcement, the Notes will mature on May 9, 2020 and accrue interest at a rate of 7.5% per annum, which will be paid quarterly.

QCR Holdings, Inc. announced its financial results for the first quarter of 2015. The Company reported net income of $4.2 million, and diluted earnings per common share of $0.52 for Q1 FY15 versus net income of $3 million and EPS of $0.37 for Q4 FY14. Net interest income totaled $17.8 million for Q1 FY15 versus $16.8 million for Q1 FY14.


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