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Teche Holding Company Announces Fifty-Fourth Consecutive Quarterly Dividends (Marketwire) and Technicals: PBNY & IFC (Zacks.com)

City of Industry, CA --(www.FinancialNewsUSA.com)-- 11/24/2008 - Savings and Loans industry news provided by Financial News USA (OTC: FNWU). FRANKLIN, LA--(MARKET WIRE)--Nov 21, 2008 -- (AMEX: TSH) The Board of Directors of Teche Holding Company, holding company of Teche Federal Bank, yesterday declared an increase in the quarterly dividend to $0.35 per share of its common stock. The dividend is 4.48% higher than the rate of $0.335 per common share this time last year. This represents a quarterly payout ratio of 35.4% based on diluted earnings per share for the quarter ended September 30, 2008. The effective dividend yield amounts to 4.40% based on the stock price on the close of business on September 30, 2008. The dividend will be paid on December 31, 2008 to shareholders of record as of the close of business on December 17, 2008. The company has paid a cash dividend for fifty-four consecutive quarters.Teche Federal presently operates twenty offices in the Louisiana parishes of St. Mary, Iberia, Lafayette, St. Martin, Terrebonne, Lafourche, St. Landry, East Baton Rouge and Ascension. [Read the full article]

Provident New York Bancorp (Nasdaq: PBNY) is in oversold territory with a stochastic value of 11.97. Earnings estimates for the current quarter have remained almost flat on this Zacks #1 Rank stock, which indicates that it may stay in oversold territory for some time. Irwin Financial Corp. (NYSE: IFC) is in oversold territory with a stochastic value of 2.74. Earnings estimates for the next quarter, however, have been revised upwards by 3 cents in the last two months on this Zacks #1 Rank stock, which suggests the stock could make some gains over the short term.
PBNY Free Stock Analysis: Buy? Sell? Hold? IFC Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research [Read the full article]

SAN DIEGO, CA--(MARKET WIRE)--Nov 21, 2008 -- Chairman Jerry Englert of BofI Holding, Inc. (Nasdaq: BOFI) ("BofI"), parent of Bank of Internet USA, today announced that the board of directors approved an expansion of its common stock buyback program to purchase up to an additional 500,000 shares of BOFI's 8.3 million outstanding common shares when and if the opportunity arises. The increased authorization will be effective immediately with no termination date. BOFI announced its first buyback plan for 414,991 shares on June 30, 2005. The expansion will bring the total number of authorized buyback shares to 914,991. The program authorizes BOFI to buy back common stock at its discretion, subject to market conditions.About BofI Holding, Inc. and Bank of Internet USABofI Holding, Inc. is the holding company of Bank of Internet USA and trades on NASDAQ under the symbol BOFI. [Read the full article]

WALLA WALLA, Wash., Nov. 21, 2008 (GLOBE NEWSWIRE) -- Banner Corporation (Nasdaq: BANR), the parent company of Banner Bank and Islanders Bank, today announced that it has received $124 million from the U.S. Treasury Department as a part of the Treasury's Capital Purchase Program. This funding marks Banner's successful completion of the sale of $124 million in senior preferred stock, with a related warrant to purchase up to $18.6 million in common stock to the U.S.
Treasury. The transaction is part of the Treasury's program to encourage qualified financial institutions to build capital to increase the flow of financing to businesses and consumers and to support the U.S. economy. ``We appreciate and support the efforts of the U.S. Treasury Department to stabilize financial markets and increase the flow of credit to deserving borrowers,'' said D. Michael Jones, President and CEO. [Read the full article]

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