New York Community Bancorp
On Tuesday, shares in New York-based New York Community Bancorp Inc. recorded a trading volume of 4.77 million shares, which was above their three months average volume of 4.76 million shares. The stock ended the day at $15.30, climbing 1.32% from the last trading session. The Company's shares have advanced 1.82% in the previous three months. The stock is trading above its 200-day moving average by 4.03%. Furthermore, shares of New York Community Bancorp, which operates as a holding company for New York Community Bank and New York Commercial Bank that offer banking products and financial services in Metro New York, New Jersey, Ohio, Florida, and Arizona, have a Relative Strength Index (RSI) of 49.80.
On January 25th, 2017, New York Community recorded net interest income of $315.52 million for Q4 2016, in contrast to a net interest loss of $449.20 million in Q4 2015. The Company reported net income of $113.7 million, or $0.23 per diluted share, for Q4 2016 compared to a net loss of $404.81 million, or $0.87 per diluted share, in Q4 2015.
On January 26th, 2017, research firm FBR & Co. reiterated its 'Underperform' rating on the Company's stock with a decrease of the target price from $15 a share to $14 a share. Free research report on NYCB is available at:
People's United Financial
Connecticut headquartered People's United Financial Inc.'s stock rose 1.33%, finishing yesterday's session at $19.11 with a total trading volume of 2.80 million shares. The Company's shares have gained 5.48% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 0.41% and 16.67%, respectively. Additionally, shares of People's United Financial, which operates as the bank holding company for People's United Bank, National Association that provides commercial banking, retail banking, and wealth management services to individual, corporate, and municipal customers, have an RSI of 55.69.
On February 06th, 2017, People's United announced that the Office of the Comptroller of the Currency has approved the merger of Suffolk County National Bank, of Riverhead, NY with and into People's United. The transaction remains subject to the approval of the Board of Governors of the Federal Reserve System. The complimentary research report on PBCT can be downloaded at:
Shares in Pennsylvania headquartered Northwest Bancshares Inc. ended the session 0.63% higher at $17.59. The stock recorded a trading volume of 365,944 shares. The Company's shares have gained 0.83% in the previous three months. The stock is trading 12.26% above its 200-day moving average. Moreover, shares of Northwest Bancshares, which operates as a bank holding company for Northwest Savings Bank that offers various personal and business banking solutions in the US, have an RSI of 55.88.
On January 23rd, 2017, Northwest announced net income for Q4 2016 of $24.5 million, or $0.24 per diluted share, representing an increase of 51.3%, compared to net income of $16.2 million, or $0.16 per diluted share, for Q4 2015. The annualized returns on average shareholders' equity and average assets for Q4 2016 were 8.37% and 1.01%, respectively. Visit us today and access our complete research report on NWBI at:
At the closing bell on Tuesday, Washington headquartered Washington Federal Inc.'s stock gained 1.64%, finishing at $34.10. A total volume of 399,723 shares was traded. The Company's shares have advanced 1.35% in the last month, 12.77% over the previous three months, and 0.46% on an YTD basis. The stock is trading 1.56% and 23.52% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Washington Federal, which operates as the bank holding company for Washington Federal, National Association that provides financial services in the US, have an RSI of 58.38.
As per a SEC filing dated January 24th, 2017, Washington entered into a Transition Agreement with Roy M. Whitehead, the Company's CEO on January 23rd, 2017. Mr. Whitehead will continue to serve as the CEO of both the Company and the Bank through March 31st, 2017, at which point he will resign as CEO and transition to the position of Executive Chairman of the Board of Directors of the Company and the Bank. Get free access to your research report on WAFD at:
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