NEW YORK, August 16, 2016 /PRNewswire/ --
Regional Northeast Banks are financial institutions that operate in the Northeast region of the United States. These firms offer loans, deposits, leases, mortgages, credit cards, and ATM services. Today, Stock-Callers.com has issued research reports on Valley National Bancorp (NYSE: VLY), Webster Financial Corp. (NYSE: WBS), M&T Bank Corp. (NYSE: MTB), and Fulton Financial Corp. (NASDAQ: FULT). These stocks research reports can be downloaded now by simply registering for free at:
Valley National Bancorp
On Monday, shares in Wayne, New Jersey headquartered Valley National Bancorp recorded a trading volume of 1.25 million shares. The stock ended the session 1.42% higher at $9.30. The Company's shares have gained 3.53% in the previous three months. The stock is trading 1.82% above its 50-day moving average. Moreover, shares of Valley National Bancorp, 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 55.97.
On August 8th, 2016, research firm Piper Jaffray downgraded the Company's stock rating from 'Overweight' to 'Neutral'.
On August 9th, 2016, the company reported that in early August it elected to prepay all $405 million of its Federal Home Loan Bank borrowings contractually maturing in 2018. The bank refinanced the 2018 debt, with a total average cost of 3.69%, into a new 5-year FHLB borrowing with an effective average interest rate of 2.51%. The debt transactions will result in pre-tax interest expense savings of approximately $4.8 million on an annualized basis. Your complete research report on VLY can be retrieved for free at:
Waterbury, Connecticut headquartered Webster Financial Corp.'s stock closed the day 1.20% higher at $37.05 and with a total volume of 448,259 shares traded. The Company's shares have advanced 3.03% in the past one month, 4.56% in the previous three months, and 1.73% on an YTD basis. The stock is trading 4.23% above its 50-day moving average and 4.08% 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 60.25.
On July 25th, 2016, Webster Financial announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share on its common stock, payable on August 22nd, 2016 to shareholders of record on August 8th, 2016. The company also announced quarterly cash dividend on its Series E Preferred Stock of $400.00 per share, payable on September 15th, 2016 to shareholders of record on September 1st, 2016. WBS free report is just a click away at:
Shares in Buffalo, New York headquartered M&T Bank Corp. recorded a trading volume of 613,919 shares. The stock ended yesterday's trading session 1.54% higher at $118.10. The Company's shares have advanced 4.17% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 1.78% and 3.13%, 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 56.85.
On July 20th, 2016, M&T Bank reported that GAAP diluted earnings for Q2 2016 were $1.98 per share, equal to the year-earlier period. GAAP-basis net income in the recently completed quarter totaled $336 million, up 17% from $287 million in Q2 2015. The company noted that GAAP-basis net income for Q2 2016 expressed as an annualized rate of return on average assets and average common shareholders' equity was 1.09% and 8.38%, respectively, compared to 1.18% and 9.37%, respectively, in the year-earlier quarter.
On July 21st, 2016, research firm FBR Capital reiterated its 'Market Perform' rating on the Company's stock with a decrease of the target price from $120 a share to $105 a share. Sign up for your complimentary research report on MTB at:
Lancaster, Pennsylvania headquartered Fulton Financial Corp.'s stock finished Monday's session 1.60% higher at $14.01 with a total volume of 382,356 shares traded. The Company's shares have advanced 4.89% over the previous three months and 9.24% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 2.72% and 5.53%, respectively. Additionally, 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 57.77.
On July 19th, 2016, Fulton Financial reported that diluted earnings per share for Q2 2016 were $0.23, a 9.5% increase from Q2 2015, and pre-provision net revenue of $53.3 million, 9.7% higher than Q2 2015. Register for free on Stock-Callers.com and download the latest research report on FULT at:
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