South Florida bank stocks rally - South Florida Business Journal:

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Although many of them have been hammered over the past they are starting to recover nicel from theirlow points. None of these banks were part of thestres test, which evaluated 19 of the nation’zs biggest financial institutions. All of these institutions, save , have releasedx their first quarter earnings over the pasttwo (NYSE: BBX) enjoyed a gain of 91 or 25 percent, to end the week at That’s a stellar 582 percent increase from its 52-week low of 66 cent on March 5. In otherr news, Fort Lauderdale-based BankAtlantic promoted Patrick Southwortuh to president of commercial real estateon Friday.
As it facesd a regulatory order to sell the bank orrais capital, Coral Gables-based BankUnited (NASDAQ: saw its stock increase 9 a 16 percent gain, to close at 63 centes on Friday. The stock is up 350 perceng fromits 52-week low of 14 cents on Dec. 23. Corapl Gables-based (NASDAQ: GFLB) saw a 17 percent boost to itsstock price, with a 25-cent gain to closew the day at $1.75. Its stock has improvedf by 197 percent sinceits 52-week low of 59 cents on Nov. 20. Shared of Boca Raton-based (NASDAQ: SAMB) were up 33 percent, with a 17-centt gain to 68 cents. It’s up 467 percentt from its 52-week low of 12 cents on March 3.
The stoc of the other Boca Raton-based bank, (Pink FSDB), shot up 18 percent, with a 75-cent gain to $5. It has gaineed 221 percent sinceits 52-week low of $1.56 on March 10. Friday was a good day for the , whicj gained 1.96 percent, or 165 points, to closre at 8,575.