Wainwright Bank & Trust Company is Today's Focus Stock on MicroStockProfit.com
June 30 2010 - 6:50AM
MicroStockProfit.com announces an investment report featuring
Wainwright Bank & Trust Company (Nasdaq:WAIN). The report
includes financial, comparative and investment analyses, and recent
company news that you need to know to make an educated investment
decision.
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The full report is available at:
http://www.microstockprofit.com/lp/WAIN
WAIN's recent volatility has been greater than normal.
This is evidenced by the increased distance between the upper and
lower Bollinger Bands. These bands measure volatility using
standard deviation and a large width is due to high
volatility. Additionally, WAIN is trading above its upper
Bollinger Band. Relative to recent price action, the stock is
currently overextended and due for either a pause or
retracement.
Wainwright Bank & Trust Company (WAIN) is a banking company
principally engaged in the business of attracting deposits from the
general public and private customers, originating residential and
commercial real estate mortgages, commercial and consumer loans,
investing in securities and providing investment management
services. The Company's wholly owned subsidiary, Heritage
Capital Management Inc., conducts investment management
business.
Message Board Search for WAIN:
http://www.boardcentral.com/boards/WAIN
In the report, the analyst notes:
"WAIN reported consolidated net income of $2,109,000 for the
quarter ended March 31, 2010, and basic earnings per share of $.28
($.25 per diluted share). This compares to consolidated net
income of $1,560,000 and basic earnings per share of $.17 ($.16 per
diluted share) for the quarter ended March 31, 2009.
"WAIN recently announced it will receive $19
per share in cash to be acquired by Eastern Bank Corp. The
merger will combine two banks focused on serving their communities,
while providing enhanced convenience for customers of both
organizations. The combined organization will have more than
90 retail banking offices serving people and businesses across
eastern Massachusetts, including 22 offices in the Boston metro
area."
To read the entire report visit:
http://www.microstockprofit.com/lp/WAIN
See what investors are saying about WAIN at penny stock
forum
MicroStockProfit.com Disclosure
MicroStockProfit.com is not a registered investment advisor and
nothing contained in any materials should be construed as a
recommendation to buy or sell any securities.
MicroStockProfit.com is a Web site wholly owned by BlueWave
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CONTACT: MicroStockProfit.com
Brian Johnson
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