Mix Sector Stocks News: Sonus Networks, Inc. (NASDAQ:SONS), Bank of America Corporation (NYSE:BAC), Regency Centers (NYSE:REG), Newtek Business Services (NASDAQ:NEWT), Renasant (NASDAQ:RNST)

Technology Stocks News 5

Stock analysts at Wedbush began coverage on shares of Sonus Networks (NASDAQ:SONS) in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $4.25 price target on the stock. Wedbush’s price objective would indicate a potential upside of 10.68% from the stock’s previous close. Sonus Networks, Inc. (NASDAQ:SONS) belongs to Technology sector. Its net profit margin is -4.90% and weekly performance is 1.09%. On last trading day company shares ended up $3.70. Sonus Networks, Inc. (NASDAQ:SONS) distance from 50-day simple moving average (SMA50) is 7.63%.

Bank of America Corporation (NYSE:BAC), said it expects trading revenue to decline this quarter from the previous three months and a year earlier. Bank of America Corporation (NYSE:BAC) shares decreased -1.03% in last trading session and ended the day at $17.38. BAC return on assets is 0.20%. Bank of America Corporation (NYSE:BAC) quarterly performance is 5.21%.

Regency Centers Corp (NYSE:REG) Director Mary Lou Fiala unloaded 7,000 shares of the stock on the open market in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $60.10, for a total transaction of $420,700.00. Following the transaction, the director now directly owns 4,000 shares of the company’s stock, valued at approximately $240,400. On 10 December, Regency Centers Corporation (NYSE:REG) shares decreased -0.11% and was closed at $63.05. REG EPS growth in last 5 year was -12.40%. Regency Centers Corporation (NYSE:REG) year to date (YTD) performance is 40.89%.

On Dec. 3, Newtek Business Services Corp., (NASDAQ: NEWT), announced that it has completed the securitization and sale of $31.7 million of Standard and Poor’s (“S&P”) A-rated Newtek Small Business Loan Trust 2014-1, Unguaranteed SBA 7(a) Loan-Backed Notes, Series 2014-1 (the “Notes”). The Notes are collateralized by the right to receive payments and other recoveries attributable to the unguaranteed portions of SBA 7(a) Loans made by Newtek Small Business Finance, Inc. (“NSBF”) and overcollateralized by NSBF’s participation interest in the Unguaranteed Interests. Guggenheim Securities, LLC acted as the placement agent for the sale of the Notes and placed this issue with four institutional investors, two of whom were new to the Company’s securitization investment program. Newtek Business Services Corp. (NASDAQ:NEWT) ended the last trading day at $13.46. Company weekly volatility is calculated as 2.83% and price to cash ratio as 22.94. Newtek Business Services Corp. (NASDAQ:NEWT) showed a weekly performance of -5.14%.

Renasant Corp (NASDAQ:RNST) said Wednesday it will buy Heritage Financial Group Inc in an all stock deal. As per the terms of the deal, which has been approved by the Boards of both companies, Heritage stockholders will receive 0.9266 shares of Renasant common stock for each share of Heritage common stock, and the merger is expected to qualify as a tax-free reorganization for Heritage stockholders. Renasant Corp. (NASDAQ:RNST) belongs to Financial sector. Its net profit margin is 24.30% and weekly performance is 0.77%. On last trading day company shares ended up $28.72. Renasant Corp. (NASDAQ:RNST) distance from 50-day simple moving average (SMA50) is 0.28%.

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