Financial Sector Earnings Roundup: Complementary Reports on First Financial Northwest, FS Bancorp, Greene County Bancorp, Hampden Bancorp, and Heritage Financial
NEW YORK, February 13, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including First Financial Northwest (NASDAQ: FFNW), FS Bancorp (NASDAQ: FSBW), Greene County Bancorp (NASDAQ: GCBC), Hampden Bancorp (NASDAQ: HBNK), and Heritage Financial (NASDAQ: HFWA). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
FFNW Research Report: ( http://get.analystsreview.com/pdf/?c=First%20Financial%20Northwest&d=13-Feb-2015&s=FFNW ),
FSBW Research Report: ( http://get.analystsreview.com/pdf/?c=FS%20Bancorp&d=13-Feb-2015&s=FSBW ),
GCBC Research Report: ( http://get.analystsreview.com/pdf/?c=Greene%20County%20Bancorp&d=13-Feb-2015&s=GCBC ),
HBNK Research Report: ( http://get.analystsreview.com/pdf/?c=Hampden%20Bancorp&d=13-Feb-2015&s=HBNK ),
HFWA Research Report: ( http://get.analystsreview.com/pdf/?c=Heritage%20Financial&d=13-Feb-2015&s=HFWA ).
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Analyst Update: Financial Results of Financial Sector Players
Reviewed by: Rohit Tuli, CFA®
Major U.S. and European equity indices rallied to multiyear or record highs on Thursday after a cease-fire between Russian separatists and Ukrainian forces, and unexpectedly aggressive stimulus by Sweden's central bank, cheered global markets. The Nasdaq Composite surged past multiyear highs reached in December to levels last seen in March 2000, closing up 1.18% higher at 4,857.1. Dow was up 0.62% to 17,972.38, while the S&P 500 rose 0.96% to close at 2,088.48. In Europe, shares reversed early losses on a broadly positive raft of results, with 62% of companies meeting or beating earnings forecasts. Sentiments in the European markets were boosted by the Ukraine peace agreement, Swedish economic stimulus measures and hope for a Greek debt deal. The Greek stock market jumped 6.7% after the ECB approved extra emergency finance for Greek banks. In Asia, Japanese stocks rallied to their highest settlement in more than seven years as a weaker yen supported many export-related shares. Most other Asian markets too ended on a positive note.
First Financial Northwest, Inc. (First Financial Northwest), the holding company for First Savings Bank Northwest, reported Q4 2014 net income of $2.9 million or $0.20 per diluted share, compared to a net income of $3.9 million or $0.25 per diluted share for Q4 2013. For full-year 2014, too, net income declined to $10.7 million or $0.71 per diluted share, from $24.5 million, or $1.46 per diluted share for 2013.
FS Bancorp, Inc. (FS Bancorp), the holding company for 1st Security Bank of Washington, reported an increase in full-year 2014 net income to $4.5 million or $1.52 per diluted share, from a net income of $3.9 million or $1.29 per diluted share in 2013. Q4 2014 net income was $1.5 million or $0.52 per diluted share, compared to $0.5 million or $0.18 per diluted share recorded during Q4 2013.
Greene County Bancorp, Inc., (Greene County Bancorp), the holding company for The Bank of Greene County and its subsidiary Greene County Commercial Bank, reported net income for H1 FY 2015 and Q2 FY 2015 (period ended December 31, 2014) of $3.6 million or $0.84 per diluted share and $1.8 million or $0.43 per diluted share, respectively, as compared to $3.5 million or $0.82 per diluted share and $1.7 million or $0.41 per diluted share for six and three months ended December 31, 2013, respectively.
Hampden Bancorp, Inc. (Hampden Bancorp), the holding company for Hampden Bank, announced earnings for Q2 FY 2015 and six months ended December 31, 2014. According to the Company, net income was $1.3 million, or $0.25 per fully diluted share, for the six months ended December 31, 2014 compared to net income of $2.2 million, or $0.41 per fully diluted share, for the same period in 2013.
Heritage Financial Corporation (Heritage) reported Q4 2014 net income of $7.3 million, or 24 cents per diluted share, versus a net income of $0.7 million, or four cents in Q4 2013. Full-year 2014 net income also jumped to $21.0 million, or $0.82 per diluted common share, from $9.6 million, or $0.61 per diluted common share in 2013.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
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SOURCE Analysts Review
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