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Montecito Bank & Trust
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LTC Properties reports increase in net income

By   /  Thursday, February 23rd, 2017  /  Earnings, Latest news, Tri-County Public Companies  /  No Comments

Westlake Village-based LTC Properties announced a 15.7 percent increase in net income to $20.6 million, or 53 cents per diluted share, for the quarter ended Dec. 31. Revenues increased from $30.8 million for the fourth quarter of 2015 to $34.8 million for the fourth quarter of 2016, attributed in part to higher investing activities. Interest Read More →

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Resonant agrees to sell $7.5 million in stock to Longboard

By   /  Tuesday, February 21st, 2017  /  Latest news, Technology, Tri-County Public Companies  /  No Comments

Goleta-based radio frequency front-end designer Resonant agreed to allow its stockholder Longboard Capital Advisors to purchase $7.5 million worth of stock and stock warrants. Expected to close Feb. 22, each unit in the offering will be sold for $4.61, the average closing price for Resonant common stock between Feb. 3 and Feb. 16. In addition, Read More →

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The Trade Desk stock up 8 percent as firm sells 5 million shares

By   /  Tuesday, February 21st, 2017  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  No Comments

Shares of Ventura-based The Trade Desk jumped 8 percent to $35.00 as the company announced the launch of a 5 million share offering by current investors. At the company’s closing price on Feb. 21, the offering would have a gross value of around $165 million before a possible 10 percent overallotment, as disclosed in the Read More →

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San Luis Obispo’s MindBody closes in on profitability

By   /  Friday, February 17th, 2017  /  Earnings, right, Technology, Tri-County Public Companies  /  No Comments

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The Trade Desk reports strong income growth

By   /  Thursday, February 16th, 2017  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  No Comments

The Trade Desk reported a 29 percent increase in net income in its fiscal year 2016 earnings statement Feb. 16 and filed a proposal with the Securities and Exchange Commission for a follow-on stock offering. The Ventura advertising platform company made $10.3 million in the fourth quarter of 2016 for a total of $20.5 million Read More →

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AeroVironment releases pilot program details at expo

By   /  Wednesday, February 15th, 2017  /  Agriculture, East Ventura County, Latest news, Technology, Tri-County Public Companies  /  No Comments

Unmanned aircraft systems company AeroVironment published details from its pilot program and debuted a new drone and support system at the World Ag Expo and National Farm Machinery Show Feb. 14 in Tulare, CA. Based in Monrovia, with operations in Simi Valley, the company partnered with farmers and universities to develop a drone that would Read More →

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Mercer Advisors acquires Duckworth Wealth Advisors

By   /  Monday, February 13th, 2017  /  Latest news, Personal Finance  /  No Comments

Santa Barbara-based investment firm Mercer Advisors acquired Duckworth Wealth Advisors in Newport Beach, the company announced Feb. 13. Mercer acquired Duckworth and its $160 million in client assets for an undisclosed price, creating a combined company with more than $9.6 billion and 6,400 clients nationwide. Duckworth offers investment management, financial planning, estate and tax planning Read More →

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