Thursday, October 08, 2015
Current Weather
Loading Current Weather....
Published: Tuesday, 3/22/2005

Sky Financial stock slips in heavy trading

BOWLING GREEN - The stock of Sky Financial Group Inc. slipped nearly 4 percent yesterday after a downgrade by an analyst and last week's announcement that the company reduced its first-quarter earnings forecast.

The bank holding company's stock closed yesterday at $26.94, down 99 cents, in trading on the Nasdaq exchange. Trading volume was heavy, with nearly 1 million shares, about four times normal, changing hands.

KeyBanc Capital Markets/McDonalds yesterday downgraded the stock from buy to hold. On Friday, the company cited two bad commercial loans in saying its first-quarter earnings, to be released next month, will be 29 to 30 cents a share, compared with 44 to 45 cents a share originally projected.

Recommended for You

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.