Thrifts and Mortgage Finance Stocks under Review - New York Community Bancorp, Hudson City Bancorp, People's United Financial, Doral Financial, and Northwest Bancshares Editor Note: For more information about this release, please scroll to bottom.
LONDON, August 25, 2014 /PRNewswire/ --
On Friday, August 22, 2014, the NASDAQ Composite ended at 4,538.55, up 0.14%, the Dow Jones Industrial Average edged 0.22% lower to finish the day at 17,001.22, and the S&P 500 closed at 1,988.40, down 0.20%. The losses were broad based as seven out of ten sectors ended the session in negative. The S&P 500 Financials Sector Index ended the day at 310.83, down 0.35%, whereas the index has advanced 4.91% in the previous three months. Investor-Edge has initiated coverage on the following equities: New York Community Bancorp Inc. (NYSE: NYCB), Hudson City Bancorp Inc. (NASDAQ: HCBK), People's United Financial Inc. (NASDAQ: PBCT), Doral Financial Corporation (NYSE: DRL), and Northwest Bancshares Inc. (NASDAQ: NWBI). Free research on these five companies can be accessed at:
New York Community Bancorp Inc.'s stock finished Friday's session 0.50% lower at $15.88. A total of 1.68 million shares were traded, which was below its three months average volume of 2.36 million shares. The stock vacillated between $15.86 and $16.00 during the session. Over the previous three trading sessions and over the last three months, New York Community Bancorp Inc.'s shares have advanced 0.95% and 3.45%, respectively. However, from the beginning of 2014, the stock has fallen by 5.76%. The company's shares are trading above their 50-day moving average. Moreover, the stock's 200-day moving average of $16.00 is greater than its 50-day moving average of $15.82. New York Community Bancorp Inc.'s stock traded at a PE ratio of 14.89 and has a Relative Strength Index (RSI) of 55.00. Sign up and read the free notes on NYCB at:
On Friday, shares in Hudson City Bancorp Inc. fluctuated between $9.75 and $9.89 before ending the session 1.31% lower at $9.76. The stock reported a trading volume of 1.41 million shares, below its three months average volume of 2.36 million shares. Shares of the company traded at a PE ratio of 27.82. Hudson City Bancorp Inc.'s shares have advanced 0.62% in the previous three trading sessions and 3.50% on YTD basis, while the stock has fallen by 1.01% in the last one month. The stock is trading above its 200-day moving average of $9.56, which is below Hudson City Bancorp Inc's 50-day moving average of $9.77. Moreover, shares of Hudson City Bancorp Inc. have an RSI of 53.16. The complimentary notes on HCBK can be downloaded as in PDF format at:
People's United Financial Inc.'s stock edged 0.40% lower, to close the day at $14.88. The stock recorded a trading volume of 1.31 million shares, below its three months average volume of 2.87 million shares. The company's shares oscillated between $14.85 and $14.94 during the session. Over the last three trading sessions and over the past three months, People's United Financial Inc.'s shares have advanced 1.02% and 3.12%, respectively. However, the stock has fallen by 1.59% since the start of this year. The company's shares are trading above their 50-day and 200-day moving averages $14.86 and $14.67, respectively. Additionally, People's United Financial Inc.'s stock traded at a PE ratio of 17.78 and has an RSI of 56.70. Register for free on Investor-Edge and access the latest research on PBCT at:
On Friday, shares in Doral Financial Corp. recorded a trading volume of 1.42 million shares, higher than its three months average volume of 1.19 million shares. The stock ended the day at $8.15, which was 2.86% below its previous day's closing of $8.39, and registered an intraday range of $7.41 and $8.93. Although Doral Financial Corp.'s stock has lost 47.96% on YTD basis, it has surged 10.28% in the previous three trading sessions and 42.98% in the last one month. The stock is trading above its 50-day moving average of $5.65, while the 50-day moving average is below Doral Financial Corp.'s 200-day moving average of $9.96. Furthermore, shares of the company have an RSI of 69.28. The complete research on DRL is available for free at:
Northwest Bancshares Inc.'s stock edged 0.55% lower to end Friday's session at $12.58. The stock recorded a trading volume of 0.33 million shares, below its three months average volume of 0.39 million shares. The company's shares fluctuated between $12.57 and $12.74 during the session. Shares of the company traded at a PE ratio of 17.57. Northwest Bancshares Inc.'s shares have advanced 0.56% in the previous three trading sessions. However, the stock has fallen by 1.33% in the last one month and 7.80% since the start of this year. The company's shares are trading below their 50-day and 200-day moving averages of $12.96 and $13.28, respectively. Additionally, Northwest Bancshares Inc.' stock has an RSI of 48.41. Free in depth research on NWBI is available at:
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