News Buzz : First Citizens Banc Corp. (NASDAQ:FCZA), Brookline Bancorp (NASDAQ:BRKL), Progressive Corp. (NYSE:PGR), Quest Rare Minerals (NYSEMKT:QRM), AK Steel Holding (NYSE:AKS)

Technology Stocks News 10

First Citizens (thinly traded) to acquire TCNB Financial for $23.50 in cash for each outstanding share of TCNB common stock for total cash consideration of ~ $17.2 mln; acquisition to be accretive to earnings in 2015 and have a tangible book value earn-back of ~ 3.5 years. Cos announced that they have signed a definitive agreement and plan of merger which provides for First Citizens to acquire TCNB, and its wholly-owned subsidiary, The Citizens National Bank of Southwestern Ohio, in an all-cash transaction. Citizens National currently operates three branches in the Dayton, Ohio market. First Citizens Banc Corp. (NASDAQ:FCZA) belongs to Financial sector. Its net profit margin is 12.80% and weekly performance is 10.08%. On last trading day company shares ended up $9.94. First Citizens Banc Corp. (NASDAQ:FCZA) distance from 50-day simple moving average (SMA50) is 10.21%.

Brookline Bancorp, Inc. (NASDAQ:BRKL) announces commencement of $50 mln subordinated notes offering. Co announced that it has commenced a public offering of $50 mln of its Fixed-to-Floating Rate Subordinated Notes due September 15, 2029. The Company plans to use the net proceeds from the offering for general corporate purposes, which may include supporting the continued growth of its business, acquisitions and repurchases of common stock. Brookline Bancorp, Inc. (NASDAQ:BRKL) shares moved up 1.00% in last trading session and ended the day at $9.13. BRKL return on assets is 0.70%. Brookline Bancorp, Inc. (NASDAQ:BRKL) quarterly performance is 1.44%.

Progressive Corp. (NYSE:PGR) August EPS $0.14 vs. $0.11 last year; net premiums written +10% to $1.50 billion. On 11 September, Progressive Corp. (NYSE:PGR) shares moved up 0.48% and was closed at $25.04. PGR EPS growth in last 5 year was 84.40%. Progressive Corp. (NYSE:PGR) year to date (YTD) performance is -2.30%.

Quest Rare Minerals Ltd. (NYSEMKT:QRM) announces that its Board of Directors has appointed Pierre Lortie as Chairman of the Board : Co announce that its Board of Directors has appointed Pierre Lortie as Chairman of the Board. The appointment of Pierre Lortie follows the resignation of Robert Leclerc as Chairman of the Board and as a director of Quest, for personal reasons. Quest Rare Minerals Ltd. (NYSEMKT:QRM) ended the last trading day at $0.18. Company weekly volatility is calculated as 5.52%. Quest Rare Minerals Ltd. (NYSEMKT:QRM) showed a weekly performance of -11.25%.

AK Steel Holding Corporation (NYSE:AKS) announced the pricing of its public offering of common stock. AK Holding agreed to sell 35 mln shares of common stock at a public offering price of $9.00/share. Co also successfully priced a public offering of $430 mln of 7.625% senior notes due 2021, which were offered to the public at a price of 99.325% of par. AK Steel Holding Corporation (NYSE:AKS) shares moved up 3.30% in last trading session and ended the day at $9.38. AKS Gross Margin is 7.00% and its return on assets is -2.70%. AK Steel Holding Corporation (NYSE:AKS) quarterly performance is 47.02%.

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