Tag - IBCP

The following is a list of today’s winners and losers within the Russell Microcap Index.

American Axle & Manufacturing Holdings Inc (Nasdaq:AXL), Independent Bank Corp (Michigan) (Nasdaq:IBCP) and Bancorp Bank (Nasdaq:TBBK) are among the biggest percentage losers in Monday's trading among companies with market capitalizations under $1 billion.

Also included among the results: Sciele Pharma Inc (Nasdaq:SCRX), Advanta Corp(Nasdaq:ADVNB), SI Financial Group Inc (Nasdaq:SIFI), Consolidated Graphics Inc (Nasdaq:CGX), Chimera Investment Corp (Nasdaq:CIM) and Global Traffic Network Inc (Nasdaq:GNET).

Here are the biggest percentage losers among small caps:

FirstFed Financial Corp (Nasdaq:FED), TierOne Corp (Nasdaq:TONE) and Independent Bank Corp (Michigan) (Nasdaq:IBCP) are among the biggest percentage gainers in Wednesday's trading among companies with market capitalizations under $1 billion.

Also included among the results: QCR Holdings Inc (Nasdaq:QCRH), Lake Shore Bancorp (Nasdaq:LSBK), Green Bankshares Inc (Nasdaq:GRNB), Computer Task Group Inc (Nasdaq:CTGX), Sterling Financial Corp (Nasdaq:STSA) and Nexxus Lighting Inc (Nasdaq:NEXS).

Here are the biggest percentage gainers among small caps:

After falling off slightly after the opening, small-cap stocks staged a swift rally but then deflated somewhat as oil continued to pull back for a second straight trading session amid mixed corporate earnings reports and as President Bush and the House came to an agreement on a housing bail-out plan.

At 12:30 p.m. ET, the Russell 2000 (NYSE:IWM) was up 0.68, or 0.09%, at 717.50 amidst a broad market rally. The Dow was up 4.39, or 0.04%, to 11,606.89, while the tech heavy Nasdaq gained 9.1, or 0.39%, to 2,313.06 as investors welcomed the deflation in oil prices, which may ease pressure on the consumer and businesses.

Crude oil prices slipped roughly $0.60 dollars a barrel to $127 midday, marking the second consecutive day the commodity has lost its mojo. Today, an increase in U.S. gasoline stockpiles added to the downward pressure on crude. The energy market has been sinking this week as Hurricane Dolly veers away from key production areas in the Gulf of Mexico and on worries about demand for high-priced crude oil amid sluggish economic conditions in the United States and new usage curbs in China.

As crude oil prices have slipped in recent sessions, the U.S. dollar is turning green again, rising against the euro and the yen in mid-day action. The assent in oil, has contributed to the dollars demise this past year, so naturally that correlation has reversed itself today. A stronger dollar often has a bearish impact on global commodity values since so many products are priced in dollars. Also on the commodities front, grains markets are expected to trade sharply lower today amid improving Midwest weather and the firm dollar tone.

President Bush dropped his veto against the House’s housing package that bails out struggling homeowners by offering $3.9 billion for areas containing the most foreclosures. The House is expected to vote on the bill as early as today. Additionally, lawmakers came to a mutual agreement that permits Treasury Secretary . . .

Independent Bank Corporation (Nasdaq:IBCP) has soared more than 34% today after reporting a boost to its second-quarter earnings after the close on Tuesday. For the quarter ended June 30, net income was $3.3 million, or $0.15 per share, compared with a net loss of $0.043 million, or breaking even per share, for the quarter a year earlier. Wall Street was expecting $0.10 per share.

“The increase in our net interest margin was particularly encouraging. Our bank remains well capitalized. Moreover, we intend to continue to build our regulatory capital ratios without the need for any equity offering through our earnings and a selective reduction of our total assets,” said Michael Magee, president and CEO, in a statement.

In today’s trading, the Ionia, Mich.-based company's shares are at $6.35 at 11:08 a.m. ET, up about $1.62 from Tuesday’s close. The stock has ranged from $2.52 to $14.12 during the past year.

Soapstone Networks Inc (Nasdaq:SOAP), Citizens Republic Bancorp Inc (Nasdaq:CRBC) and United Community Banks Inc (Nasdaq:UCBI) are among the new 52-week lows in Wednesday's trading among companies with market capitalizations under $1 billion.

Independent Bank Corp (Nasdaq:IBCP), Downey Financial Corp (Nasdaq:DSL) and Sealy Corp (Nasdaq:ZZ) are also among the new 52-week lows.

Here are the new 52-week lows among small caps:

OraSure Technologies Inc (Nasdaq:OSUR), Synchronoss Technologies Inc (Nasdaq:SNCR) and Thomas Weisel Partners Group Inc (Nasdaq:TWPG) are among the new 52-week lows in Wednesday's trading among companies with market capitalizations under $750 million.

Greatbatch Inc (Nasdaq:GB), Independent Bank Corp (Nasdaq:IBCP) and TierOne Corp (NYSE:TONE) are also among the new 52-week lows.

Here are the new 52-week lows among small caps:

The Lamson & Sessions Co. (NYSE: LMS), Spartan Motors, Inc. (Nasdaq: SPAR) and Resource America, Inc. (Nasdaq: REXI) are among the biggest percentage gainers in Thursday's trading among companies with market capitalizations under $500 million.

Here are today's biggest percentage gainers:

These are the biggest percentage losers in Tuesday's trading among companies with market capitalizations under $500 million:

Rising oil prices weighed on U.S. stock markets in a session devoid of any major economic reports. Among small caps, shares of AtheroGenics, Inc. (Nasdaq: AGIX) closed down on drug development problems, while lower first-quarter earnings hurt shares of Independent Bank Corporation (Nasdaq: IBCP).

The Russell 2000 lost 1.31 points, or 0.16 percent, to 827.55.  The Dow Jones Industrial Average was unable to set a fourth straight closing record, losing 42.58 points, or 0.33 percent, to 12,919.40.  Friday’s record close was 12,961.98.