Joe Tomkinson, CEO of Irvine-based Impac Mortgage Holdings Inc (NYSEMKT:IMH), said his firm’s loan volume has been going up almost every month, with about 60 percent of his recent business in refinancing existing loans. He projected that rates may stay low until late this year. On Friday shares of Impac Mortgage Holdings Inc. (NYSEMKT:IMH) closed at $9.20. Company’s EPS growth for next 5 years is recorded as 4.00%.
Top financial regulators said Wednesday they believe changes should be made to the way big financial firms are chosen for stricter oversight. Members of the Financial Stability Oversight Council voiced support for changes recommended in a staff report including notifying companies earlier in the process that they could be designated, a step that would give them more time to challenge the designation. The proposals would also provide more information on the review process to the companies and the public. MetLife Inc., the largest U.S. insurance company by assets, said earlier this month that it would challenge the council’s decision in court. MetLife Inc. (NYSE:MET), which has filed suit in U.S. District Court in Washington, D.C., to overturn the designation, argued that the tougher requirements will force life insurance companies to raise the price of their products, reduce the amount of risk they take on or stop offering some products altogether. MetLife, Inc. (NYSE:MET) in last trading activity moved down -2.87% to close at $48.77. Company weekly performance is 1.65% while its quarterly performance stands at -1.73%. MetLife, Inc. (NYSE:MET) is -14.45% away from its 52 week high.
IDEXX Laboratories, Inc. (NASDAQ:IDXX)’s CEO Jonathan W. Ayers sold 28,512 shares of the stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $157.68, for a total transaction of $4,495,772.16. On last trading day IDEXX Laboratories, Inc. (NASDAQ:IDXX) advanced 1.04% to close at $167.06. Its volatility for the week is 3.23% while volatility for the month is 2.43%. IDXX’s sales growth for past 5 years was 6.10% and its EPS growth for past 5 years was 13.20%. IDEXX Laboratories, Inc. (NASDAQ:IDXX) monthly performance is 12.51%.
American River Bankshares (NASDAQ:AMRB) the parent company of American River Bank, earned $4.4 million in 2014, up 42 percent from the previous year. In the fourth quarter, the Rancho Cordova-based bank earned $1.2 million, up 34 percent from $890,000 in the same quarter in 2013. The bank ended the year with net loans of $258 million, up from net loans of $251.7 million at the end of 2013. American River Bankshares (NASDAQ:AMRB) has 3.40% insider ownership while its institutional ownership stands at 49.50%. In last trading activity company’s stock closed at $9.93.
World-leading provider of 3D measurement, imaging and realisation technologies, FARO Technologies, Inc. (NASDAQ:FARO) has unveiled the FARO Scanner Freestyle3D, a new handheld 3D laser scanner designed for use in Architecture, Engineering and Construction (AEC), Law Enforcement, and various industries. On last trading day FARO Technologies Inc. (NASDAQ:FARO) advanced 0.53% to close at $55.13. Its volatility for the week is 2.95% while volatility for the month is 3.66%. FARO’s sales growth for past 5 years was 6.90% and its EPS growth for past 5 years was 8.50%. FARO Technologies Inc. (NASDAQ:FARO) monthly performance is -11.05%.