NEW YORK, September 20, 2016 /PRNewswire/ --
Stock-Callers.com is closely watching the recent developments of four Credit Services companies, which are: CIT Group Inc. (NYSE: CIT), Total System Services Inc. (NYSE: TSS), On Deck Capital Inc. (NYSE: ONDK), and PHH Corp. (NYSE: PHH). These companies belong to the Financial sector which continues to restructure and adapt to the changing landscape. On Thursday, September 15, 2016, research firm Charles Schwab reiterated its "Outperform" rating on the sector. These stocks research reports can be downloaded now by simply registering for free at:
Livingston, New Jersey headquartered CIT Group Inc.'s stock finished Monday's session 0.63% higher at $35.03. A total volume of 1.68 million shares was traded, which was above their three months average volume of 1.61 million shares. The Company's shares have advanced 11.83% in the previous three months. The stock is trading 0.02% above its 50-day moving average and 4.64% above its 200-day moving average. Additionally, shares of CIT Group, which operates as the holding company for CIT Bank, National Association that provides banking and related services to commercial and individual customers, have a Relative Strength Index (RSI) of 44.57.
On September 15th, 2016, CIT Group announced that CIT Healthcare Finance served as Lead Arranger and Administrative Agent for a $242 million senior secured credit facility to Jordan Health Services, one of the largest providers of home healthcare and hospice services in Texas and Oklahoma. The financing will support the refinancing of Jordan's existing debt and provide incremental capital to support Jordan's growth objectives. Financing was provided by CIT Bank, N.A., the principal bank subsidiary of CIT. Terms of the transaction were not disclosed. Your complete research report on CIT can be retrieved for free at:
Total System Services
On Monday, shares in Columbus, Georgia headquartered Total System Services Inc. recorded a trading volume of 1.83 million shares, which was higher than their three months average volume of 1.32 million shares. The stock ended the session 0.87% lower at $46.65. The Company's shares are trading 5.09% below their 200-day moving average. Moreover, shares of Total System Services, which provides payment processing, merchant, and related payment services to financial and nonfinancial institutions in the US, Europe, Canada, Mexico, and internationally, have an RSI of 31.54.
On September 6th, 2016, Total System Services announced that its board of directors has approved a quarterly cash dividend of $0.10 per share on its common stock, payable October 3rd, 2016, to the company's shareholders of record as of the close of business on September 22nd, 2016. TSS free report is just a click away at:
On Deck Capital
Shares in New York headquartered On Deck Capital Inc. closed the day 1.02% higher at $5.95. The stock recorded a trading volume of 349,822 shares. The Company's shares have gained 8.78% in the previous three months and are trading 3.80% above their 50-day moving average. Additionally, shares of On Deck Capital, which operates an online platform for small business lending in the US, have an RSI of 47.50.
As per notes filed with the SEC on August 23rd, 2016, On Deck Asset Funding I, LLC ("ODAF I"), a wholly-owned subsidiary of On Deck Capital, established a new asset-backed revolving debt facility, on August 19th, 2016. On that date, ODAF I entered into that certain Credit Agreement by and among ODAF I, as Borrower, the Lenders party thereto from time to time, Ares Agent Services, L.P., as Administrative Agent for the Lenders and Collateral Agent for the Secured Parties, and Wells Fargo Bank, N.A., as Paying Agent.
On September 16th, 2016, research firm FBR & Co. reiterated its 'Market Perform' rating on the Company's stock with an increase of the target price from $6 a share to $6.50 a share. Sign up for your complimentary research report on ONDK at:
At the close, shares in Mount Laurel, New Jersey-based PHH Corp. ended the day at $14.21, which was a slight decline of 0.91%. The stock recorded a trading volume of 289,757 shares. The Company's shares have advanced 1.65% in the previous three months. The stock is trading above its 200-day moving average by 6.09%. Furthermore, shares of PHH Corp., which through its subsidiaries, provides outsourced mortgage banking services to financial institutions and real estate brokers in the US, have an RSI of 36.35.
On August 8th, 2016, PHH Corp reported net loss attributable to the company of $12 million, or $0.22 per basic share, for Q2 2016. Total Q2 2016 mortgage closings were $10.4 billion, down 14% from Q2 2015. Fee-based closings as a percentage of total closings in Q2 2016 represented 73% of total closing dollars, an increase from 66% in Q2 2015. Register for free on Stock-Callers.com and download the latest research report on PHH at:
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