153.20 -0.60 (-0.39%)
Pre-Market: 7:15AM EST
|Bid||119.85 x 800|
|Ask||156.10 x 800|
|Day's Range||151.78 - 154.07|
|52 Week Range||118.70 - 161.79|
|Beta (5Y Monthly)||1.11|
|PE Ratio (TTM)||13.52|
|Earnings Date||Apr 14, 2020|
|Forward Dividend & Yield||4.60 (2.98%)|
|Ex-Dividend Date||Jan 15, 2020|
|1y Target Est||163.32|
Harris Williams, a global investment bank specializing in M&A advisory services, announces that it advised Atlas Intermediate Holdings LLC (Atlas), a portfolio company of Bernhard Capital Partners (Bernhard Capital) that provides services under the name Atlas Technical Consultants, on its sale to Boxwood Merger Corp. (Boxwood). Boxwood is a publicly-traded special purpose acquisition company. The combined company has changed its name to "Atlas Technical Consultants, Inc." As of February 18, 2020, the company’s shares of Class A common stock began trading on Nasdaq under the new ticker symbol "ATCX."
PNC Financial Services Group Inc. plans to close another 19 branches, including one in the Pittsburgh region, marking the bank's biggest consolidation effort so far in 2020. According to a Feb. 14 filing with the Office of the Comptroller of the Currency, PNC (NYSE:PNC) intends to shutter its location at 1000 Westinghouse Drive, Cranberry. "The receiving branch is our Cranberry branch, located at 1340 Freedom Road, Cranberry Township — approximately one mile away," Marcey Zwiebel, PNC senior vice president and director of corporate communications, confirmed via email on Wednesday.
Harris Williams, a global investment bank specializing in M&A advisory services, announces that it advised Lancaster Foods, a subsidiary of Guest Services, Inc. (Guest Services), on its sale to The Coastal Companies, a portfolio company of Continental Grain’s Arlon Group (Continental Grain). Lancaster Foods is a leading diversified produce wholesaler. The transaction was led by Tim Alexander, Brant Cash, Brant Wilczek and Robert Wilson of the Harris Williams Consumer Group.
Harris Williams, a global investment bank specializing in M&A advisory services, announces that it served as an advisor to EyeCare Partners, LLC (ECP) in conjunction with its sale to Partners Group, a global private markets investment manager, which invested in the business on behalf of its clients. ECP, a portfolio company of FFL Partners (FFL), is a leading provider of medical eye care services in the U.S. The engagement was led by Andy Dixon, James Clark and Cheairs Porter of the Harris Williams Healthcare & Life Sciences (HCLS) Group.
PNC Bank is expanding its footprint in North Texas, taking down more office space at the Crescent as it continues to hire employees to sustain its rapid growth.
The stock market is at all-time highs, but a PNC Financial Services Group investment expert says there are still more gains to be had this year.
Harris Williams, a global investment bank specializing in M&A advisory services, announces that it advised Kronos Foods, Inc. (Kronos), a portfolio company of Grey Mountain Partners, LLC (Grey Mountain), on its sale to Entrepreneurial Equity Partners (e2p). Kronos is a leading provider of on-trend, value-added specialty protein, bakery and sauce products. The transaction was led by Tim Alexander, Brant Cash, Brant Wilczek and Richard Furseth of the Harris Williams Consumer Group.
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Harris Williams, a global investment bank specializing in M&A advisory services, announces that it advised Integrated Global Services, Inc. (IGS), a portfolio company of Industrial Growth Partners (IGP), on its sale to an investment affiliate of J.F. Lehman & Company (JFLCO). IGS is a leading provider of on-site high velocity thermal spray cladding, ceramic protection and other engineered products to solve metal wastage and reliability problems for some of the world’s most valuable, mission-critical equipment. The company leverages proprietary technology and deep experience to prevent equipment failure, extend service life and minimize outage downtime across the energy, power generation and other industrial end markets. The transaction was led by Matt White, Drew Spitzer, Neha Shah and Thomas Saunders of the Harris Williams Energy, Power & Infrastructure (EPI) Group.
Harris Williams, a global investment bank specializing in M&A advisory services, announces that it advised Specialty Welding and Turnarounds LLC (SWAT), a portfolio company of Hastings Equity Partners (Hastings), on its sale to ORIX Capital Partners LLC. SWAT is a leading provider of specialty welding and turnaround services to refinery, petrochemical and industrial customers. The company works across the Gulf and West Coast regions, maintaining a craft labor database of over 4,000 professionals. The transaction was led by Matt White, Drew Spitzer and Neha Shah of the Harris Williams Energy, Power & Infrastructure (EPI) Group and Dan Pate of the firm’s Richmond office.
Harris Williams, a global investment bank specializing in M&A advisory services, announces that it advised Elliott Aviation, LLC on its majority recapitalization by Summit Park. Elliott Aviation is a second-generation, family-owned business aviation company. The transaction was led by Doug Kinard, Chris Rogers, David Jones and Jon Behrendt of the Harris Williams Aerospace, Defense & Government Services (ADG) Group.
Harris Williams, a global investment bank specializing in M&A advisory services, announces that it is advising Kissner Group Holdings LP (Kissner), which is owned by Metalmark Capital Holdings LLC (Metalmark Capital), Silvertree‐KMC II LP (a venture between Silverhawk Capital Partners and Demetree Salt, LLC) and the Kissner management team, on its pending sale to Stone Canyon Industries Holdings LLC (SCIH). Kissner is a leading pure-play producer and supplier of salt in North America. The transaction is being led by Tim Webb, Brad Morrison, Ty Denoncourt, Chris Toussaint and Peter Grace of the Harris Williams Industrials Group and Joe Conner of the firm’s Transportation & Logistics (T&L) Group.
A centrally located Triad shopping center with a grocery anchor has sold for $5.8 million. S Main Partners LLC in partnership with Seaford Capital Partners, both controlled by Matt Klump of Glen Allen, Virginia, bought Kerner Village Shopping Center in Kernersville from the estate of the late J.C. Few of Wilkesboro. The 82,000 square foot Kerners Village Shopping Center, anchored by a 17,080 square foot Aldi supermarket and a 22,680 SF Dollar Tree (NASDAQ: DLTR) retailer is located at 813 S. Main St., just north of the Business 40/U.S. 421 interchange.
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PNC Financial Services Group Inc. continues to winnow its branch network, bringing the local cuts to three by mid-April. PNC (NYSE:PNC) has filed an application with the Office of the Comptroller of the Currency to close its Greenfield branch, located at 4301 Murray Ave. A PNC spokeswoman confirmed that the site is being consolidated on April 17 and that the receiving branch is at 5810 Forbes Ave. in the city’s Squirrel Hill neighborhood. "We are making significant renovations to the Squirrel Hill branch,” added Marcey Zweibel, PNC senior vice president and director of corporate communications.
Bank of Hawaii's (BOH) Q4 results reflect higher non-interest income, strong capital position and declining expenses, partially offset by growing provisions and contracting margins.
The cuts are footprint-wide, from Ohio to South Carolina, but the majority are within Pennsylvania — including one in Pittsburgh. F.N.B. (NYSE:FNB) confirmed that it is shuttering its First National Bank of Pennsylvania branch in the city’s Mount Washington neighborhood in April. Located at 55 Wyoming Street, the branch will be consolidated with F.N.B.’s South Side office at 1114 East Carson Street, less than two miles away, on Friday, April 17, said Jennifer Reel, senior vice president.
"There is still demand not being met today," buyer says. "There's still a little bit of give before we see any kind of downturn in the market."
Welcome to Deal Dash — the Nashville Business Journal's roundup of some of the week's more notable commercial real estate dealmaking.
JPMorgan & Chase just scored a green light from the feds to open two new branches in the Triangle. The Office of the Comptroller of the Currency, part of the U.S. Department of Treasury, disclosed its approvals of JPMorgan’s applications for branches in both Garner and Apex this week. JPMorgan, which did not return a request to comment for this story, has announced bold plans in recent months – not just for the Triangle, but for North Carolina.