NEW YORK, October 14, 2016 /PRNewswire/ --
Stock-Callers.com directs investors' attention to four Regional Mid-Atlantic Banks, namely, Citizens Financial Group Inc. (NYSE: CFG), BankUnited Inc. (NYSE: BKU), Synovus Financial Corp. (NYSE: SNV), and Signature Bank (NASDAQ: SBNY). These stocks belong to the Financials sector which led the U.S. markets lower on Thursday, October 13, 2016. According to an article stated in the NASDAQ, the NYSE Financial Sector Index declined about 0.7%, while financial companies in the S&P 500 Index dropped almost 1.2%. You can access of our complimentary research reports on these stocks now at:
Shares in Providence, Rhode Island headquartered Citizens Financial Group Inc. ended Thursday's session at $24.52, dropping 2.89%. The stock recorded a trading volume of 4.79 million shares. The Company's shares have gained 0.49% in the last one month and 17.50% over the previous three months. The stock is trading 1.30% above its 50-day moving average and 10.53% above its 200-day moving average. Moreover, shares of Citizens Financial Group, which operates as the bank holding company for Citizens Bank, N.A. and Citizens Bank of Pennsylvania, which provide consumer and commercial banking services in the US, have a Relative Strength Index (RSI) of 48.50.
On September 28th, 2016, Citizens Financial Group announced that Chief Financial Officer Eric Aboaf is departing to become CFO of State Street Corporation. Aboaf has been CFO since April 2015, and will work through his notice period until December 16th, 2016. Former Citizens Financial Group CFO John Fawcett, who retired in April 2015 after the Citizens initial public offering, will come out of retirement and serve as interim CFO, subject to regulatory approval, post-Aboaf's departure until a successor has been found.
On October 7th, 2016, research firm Wedbush initiated an 'Outperform' rating on the Company's stock, issuing a target price of $29 per share. Visit us today and download your complete report on CFG for free at:
Miami Lakes, Florida headquartered BankUnited Inc.'s stock saw a drop of 3.13%, closing the day at $28.74, with a total trading volume of 1.00 million shares. Shares of the Company, which operates as the bank holding company for BankUnited, National Association that provides a range of banking services to small and medium sized businesses, and individual customers in the US, are trading 5.92% below their 50-day moving average. The stock has an RSI of 34.02.
On September 28th, 2016, BankUnited announced that its Board of Directors has declared a quarterly cash dividend of $0.21 per common share. The dividend will be payable on October 31st, 2016 to stockholders of record at the close of business on October 17th, 2016. The complimentary research report on BKU can be accessed at:
On Thursday, shares in Columbus, Georgia headquartered Synovus Financial Corp. recorded a trading volume of 908,060 shares, which are higher than their three months average volume of 890,300 shares. The stock ended the day 2.46% lower at $31.75. The Company's shares have gained 6.01% in the previous three months and are trading above their 200-day moving average by 5.42%. Furthermore, shares of Synovus Financial, which operates as the bank holding company for Synovus Bank that provides various financial products and services, have an RSI of 41.82.
On October 3rd, 2016, Synovus Financial announced the completion of its acquisition of Entaire Global Companies, Inc., an Atlanta-based specialty financial services company. Under the terms of the agreement, Synovus acquired Entaire for an up-front payment of $30 million in common stock and cash, with potential additional payments to Entaire's stockholders over the next three to five years based on Entaire's earnings. Entaire is a private life insurance premium finance lender providing fully collateralized, non-mortality-based loans to commercial borrowers. Register for free on Stock-Callers.com and download the PDF research report on SNV at:
New York headquartered Signature Bank's stock fell 2.52%, finishing yesterday's session at $117.39. A total volume of 511,340 shares was traded, which was above their three months average volume of 458,550 shares. The Company's shares have advanced 1.16% in the last one month. The stock is trading below its 50-day moving average by 1.14%. Additionally, shares of Signature Bank, which provides various business and personal banking products and services, have an RSI of 45.60.
On September 21st, 2016, Signature Bank announced that it has been named Best Business Bank by the New York Law Journal in the publication's seventh annual reader survey. The Bank also ranked second in the Best Private Bank and Best Attorney Escrow Services categories. This is the third consecutive year Signature Bank has been voted the Best Business Bank.
On September 28th, 2016, research firm Barclays upgraded the Company's stock rating from 'Equal Weight' to 'Overweight'. The research firm revised downwards its previous target price from $150 to $139. Get free access to your research report on SBNY at:
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