Home / Stocks / Active Stocks on Frontline- CenterState Banks (NASDAQ:CSFL), Atwood Oceanics (NYSE:ATW), Dana (NYSE:DAN)

Active Stocks on Frontline- CenterState Banks (NASDAQ:CSFL), Atwood Oceanics (NYSE:ATW), Dana (NYSE:DAN)

CenterState Banks, Inc. (NASDAQ:CSFL) was among the mix trends movers as shares inched down -0.32% to $24.73. Centerstate Banks of Florida (CSFL) reported that pricing of its 2.45 million common stock offering. The firm reported that it has sold 2,450,000 shares of its common stock to Keefe, Bruyette& Woods, A Stifel Company, and Raymond James & Associates, as underwriters for its previously reported public offer. CenterState intends to use the net proceeds from this offering for general corporate purposes. The stock outstanding shares were 47.90. Having a prescribed look on price to sales ratio, that was 6.62, while price to earning ration of 32.52 attracting for long oriented investors.

How CenterState Banks, Inc. dominated Wall Street through eye-catching trend? Read Full Report Here

Atwood Oceanics, Inc. (NYSE:ATW) tries to make charm in street, as shares traded at $12.87 with falls of -0.77% in last trading session. Atwood Oceanics (ATW) declared that prices underwritten public offering of 13,500,000 shares of its common stock at a price to the public of $12.20/share. The Company expects to use the net proceeds from the offering for general corporate purposes, which may include the repayment of borrowings under its credit facility, the funding of future purchases of its outstanding 6.50% Senior Notes due 2020, working capital and capital expenditures, and otherwise to enhance its liquidity. The firm has annual sales growth for the past five year of 9.60%. While past twelve months price to sales ratio recorded as 0.81 and price to cash ratio remained 5.68.

Why Atwood Oceanics, Inc. entered oversold zone after this report? Find Out Here Totally Free

Dana Incorporated (NYSE:DAN) rose turns in hot stance in regular session as it 3.94% to $19.80 in the session with shares volume of 2.04 Million. Dana Inc (DAN) entered into a multi-year commercial sales contract with Navistar International Corporation (NAV) for driveline components for on-highway, city-delivery, bus, and vocational vehicles. Through this contract, Navistar (NAV) has access to the full range of Dana’s current driveline product offerings.

Further, Dana will remain the standard-position driveshaft supplier across all Navistar truck models. In addition to this contract, Navistar and Dana concurrently launched several extended warranty packages for Navistar’s school bus platform and its Durastar medium-duty truck program. The Company showed a positive 1.30% in the net profit margin and in addition to its operating margin which remained 6.60%.

What made Dana Incorporated to beat analysts’ forecasts in this rally? Find Out Here Totally Free

 

About Steve Hart

Steve Hart is a longtime business journalist who has covered everything from municipal bonds to management, major banks and MBA programs. Prior to becoming a writer at Seneca Globe News, Steve Hart was a securities analyst and a budget and fiscal analyst. Steve can be reached at steve.hart@senecaglobe.com

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