NEW YORK, February 10, 2017 /PRNewswire/ --
In today's pre-market research, Stock-Callers.com takes note of the most recent performances of these Regional Northeast Banking stocks: Valley National Bancorp. (NYSE: VLY), M&T Bank Corp. (NYSE: MTB), Fulton Financial Corp. (NASDAQ: FULT), and Webster Financial Corp. (NYSE: WBS). These belong to the Financials sector, which was sharply higher on Thursday, February 09th, 2017, with the NYSE Financials Sector Index climbing more than 0.9%, while Financials companies in the S&P 500 Index were pushing out to a 1.4% advance. Register now and get full and free access to our downloadable research reports on these stocks at:
On Thursday, shares in New Jersey headquartered Valley National Bancorp recorded a trading volume of 1.86 million shares. The stock ended at $12.03, up 1.60% from the last trading session. The Company's shares have gained 3.80% in the last one month, 22.82% over the previous three months, and 3.35% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 3.38% and 21.43%, respectively. Furthermore, shares of Valley National, which operates as the holding company for the Valley National Bank that provides commercial, retail, trust, and investment services, have a Relative Strength Index (RSI) of 55.56.
On January 25th, 2017, Valley National reported net income for Q4 2016 of $50.1 million, or $0.19 per diluted common share, compared to earnings of $4.7 million, or $0.01 per diluted common share, in Q4 2015. The Company's net income for the full year 2016 was $168.1 million, or $0.63 per diluted common share, compared to 2015 earnings of $103.0 million, or $0.42 per diluted common share. Valley's net interest income on a tax equivalent basis was $166.6 million for Q4 2016 and increased $16.5 million compared to Q4 2015. Access our complete research report on VLY for free at:
New York headquartered M&T Bank Corp.'s stock finished yesterday's session 1.03% higher at $164.48 with a total trading volume of 788,083 shares. The Company's shares have gained 4.96% in the last one month, 32.10% over the previous three months, and 5.15% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 5.70% and 29.41%, respectively. Furthermore, shares of M&T Bank, which operates as the holding company for M&T Bank and Wilmington Trust, National Association that provide commercial and retail banking services, have an RSI of 64.85.
On January 11th, 2017, research firm UBS downgraded the Company's stock rating from 'Neutral' to 'Sell' while revising its previous target price from $145 a share to $150 a share.
On January 19th, 2017, M&T Bank reported that diluted earnings per common share for Q4 2016 were $1.98, up 20% from $1.65 in Q4 2015. The Company's GAAP-basis net income in Q4 2016 aggregated to $331 million, 22% higher than $271 million in Q4 2015. M&T's net income for Q4 2016, expressed as an annualized rate of return on average assets and average common shareholders' equity, was 1.05% and 8.13%, respectively, compared to 0.93% and 7.22%, respectively, in Q4 2015. The complimentary research report on MTB can be downloaded at:
At the closing bell on Thursday, shares in Pennsylvania headquartered Fulton Financial Corp. rose 1.39%, ending the day at $18.30. The stock recorded a trading volume of 635,195 shares. The Company's shares have advanced 22.37% in the previous three months. The stock is trading 20.13% above its 200-day moving average. Moreover, shares of Fulton Financial, which operates as a multi-bank financial holding company that provides banking and financial services to businesses and consumers, have an RSI of 47.11.
On January 17th, 2017, Fulton Financial reported net income of $42.2 million, or $0.24 per diluted share, for Q4 2016, and net income of $161.6 million, or $0.93 per diluted share, for full year 2016. The Company's net interest margin increased to 3.15% to Q4 2016 from 3.14% in Q3 2016. Register for free on Stock-Callers.com and get access to the latest PDF format report on FULT at:
Connecticut headquartered Webster Financial Corp.'s stock ended the day 2.17% higher at $52.63 with a total trading volume of 424,430 shares. The Company's shares have gained 28.68% over the previous three months. The stock is trading 26.41% above its 200-day moving average. Additionally, shares of Webster Financial, which operates as the bank and financial holding company for Webster Bank, National Association that provides financial services to individuals, families, and businesses in the US, have an RSI of 48.02.
On January 31st, 2017, Webster Financial announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share on its common stock. The dividend on the common shares will be payable February 28th, 2017, to shareholders of record on February 14th, 2017. Download your free research report on WBS at:
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