NEW YORK, April 17, 2015 /PRNewswire/ --
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Moments ago, Analysts Review released new research updates concerning several important developing situations including ASB Bancorp (NASDAQ: ASBB), Broadway Financial (NASDAQ: BYFC), Carolina Bank Holdings (NASDAQ: CLBH), A-Mark Precious Metals (NASDAQ: AMRK), and Guaranty Federal Bancshares (NASDAQ: GFED). 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:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
ASBB Research Report: ( http://get.analystsreview.com/pdf/?c=ASB%20Bancorp&d=17-Apr-2015&s=ASBB ),
BYFC Research Report: ( http://get.analystsreview.com/pdf/?c=Broadway%20Financial&d=17-Apr-2015&s=BYFC ),
CLBH Research Report: ( http://get.analystsreview.com/pdf/?c=Carolina%20Bank%20Holdings&d=17-Apr-2015&s=CLBH ),
AMRK Research Report: ( http://get.analystsreview.com/pdf/?c=A-Mark%20Precious%20Metals&d=17-Apr-2015&s=AMRK ),
GFED Research Report: ( http://get.analystsreview.com/pdf/?c=Guaranty%20Federal%20Bancshares&d=17-Apr-2015&s=GFED ).
Analyst Update: Stock Repurchase, Securities Purchase Agreements, Quarterly Earnings, and Dividend Payments
Reviewed by: Rohit Tuli, CFA®
US stocks ended marginally lower on Thursday, as worries about upcoming corporate earnings reports offset enthusiasm about a trio of soaring Wall Street debuts. The Dow Jones industrial average fell 6.84 points, or 0.04%, to end at 18,105.77; the S&P 500 lost 1.64 points, or 0.08%, to 2,104.99; and the Nasdaq Composite dropped 3.23 points, or 0.06%, to 5,007.79. European markets finished broadly lower on Thursday with growing concerns about Greece's debt situation prompting investors to take some profits after the previous session's 14-year highs. The DAX closed 1.94% lower, France's CAC 40 declined by 0.57% and London's FTSE 100 declined by 0.51%. The pan-European FTSEurofirst 300 index closed 0.9% lower at 1,635.76 points. Chinese shares rebounded on stimulus hopes a day after gloomy first-quarter economic numbers with the Shanghai composite index rising 2.1% to 4,168.85, while other Asian benchmarks were mixed.
On March 31, 2015, ASB Bancorp, the holding company for the Ashville Savings Bank, announced that the Company's Board of Directors has approved a stock repurchase program. Under the program, the Company may repurchase up to 5%, or 218,920 shares, of its outstanding common stock as and when deemed appropriate by the management and under any plan that may be deployed in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
Broadway Financial Corporation, the parent company of the Broadway Federal Bank, reported its numbers for the fourth quarter and full year 2014, on March 18, 2015. The Company reported a net income of $716,000 or $0.03 per diluted share for the fourth quarter, compared to a net loss of $41,000 for the fourth quarter of 2013.
Carolina Bank Holding Inc., the parent company of Carolina Bank, announced on March 31, 2015 that it has entered into securities purchase agreements with select institutional investors pursuant to which it had raised $15.1 million of convertible preferred equity. On January 30, 2015, the Company had reported its full-year and fourth quarter 2014 results for the period ended December 31, 2014.
On March 2, 2015, A-Mark Precious Metals Inc., the full-service precious metals trading company, initiated a cash dividend policy for the payment of a quarterly dividend of $0.05 per common share.
On March 27, 2015, Guaranty Federal Bancshares Inc., the holding company for Guaranty Bank, announced a $0.05 dividend per common share for its first quarter ended March 31, 2015. The dividend payable date stands out to be April 16, 2015 to the stockholders of record as on April 06, 2015.
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