LONDON, May 18, 2015 /PRNewswire/ --
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Investor-Edge has initiated coverage on the following equities: Valley National Bancorp (NYSE: VLY), M&T Bank Corporation (NYSE: MTB), National Penn Bancshares Inc. (NASDAQ: NPBC), First BanCorp (NYSE: FBP), and East West Bancorp Inc. (NASDAQ: EWBC). Free research report on Valley National Bancorp. can be accessed at http://get.Investor-Edge.com/pdf/?c=Valley%20National%20Bancorp.&d=18-May-2015&s=VLY. On Friday, May 15, 2015, the NASDAQ Composite ended at 5,048.29, down 0.05%, the Dow Jones Industrial Average advanced 0.11%, to finish the day at 18,272.56, and the S&P 500 closed at 2,122.73, up 0.08%. The gains were broad based as seven out of ten sectors ended the session in positive. The S&P 500 Financials Sector Index ended the day at 332.25, down 0.43%, while the index has advanced 2.22% in the last one month. Register for your complimentary reports at the links given below.
On Friday, shares in Valley National Bancorp fluctuated between $9.57 and $9.82 before ending the session 1.73% lower at $9.67. The stock reported a trading volume of 1.60 million shares, above its three months average volume of 1.45 million shares. Shares of the company traded at a PE ratio of 19.02. Valley National Bancorp's shares have advanced 0.73% in the previous three trading sessions and 3.09% in the last one month. However, the stock has lost 0.41% on YTD basis. The company is trading above its 50-day and 200-day moving averages of $9.50 and $9.63, respectively. Moreover, shares of Valley National Bancorp have a Relative Strength Index (RSI) of 57.07. Sign up and read the free notes on VLY at:
M&T Bank Corp.'s stock lost 1.30%, to close the day at $121.20. The stock recorded a trading volume of 1.24 million shares, above its three months average volume of 0.97 million shares. The stock oscillated between $120.62 and $122.97 during the session. Over the last three trading sessions and since the start of this year, M&T Bank Corp.'s shares have fallen by 0.08% and 3.52%, respectively. However, the stock has advanced 0.32% in the last one month. The company is trading below its 50-day and 200-day moving averages. The stock's 50-day moving average of $123.14 is above its 200-day moving average of $122.19. Additionally, M&T Bank Corp. traded at a PE ratio of 16.25 and has an RSI of 48.39. The complimentary notes on MTB can be downloaded as in PDF format at:
On Friday, shares in National Penn Bancshares Inc. recorded a trading volume of 0.73 million shares, lower than its three months average volume of 0.91 million shares. The stock ended the day at $10.57, which was 0.84% below its previous day's closing of $10.66, and registered an intraday range of $10.47 and $10.68. Shares of the company traded at a PE ratio of 14.23. Although National Penn Bancshares Inc.'s shares have lost 0.28% in the previous three trading sessions, it has advanced 0.28% in the last one month and 0.43% on YTD basis. The company is trading above its 200-day moving average of $10.28. Furthermore, shares of National Penn Bancshares Inc. have an RSI of 50.22. Register for free on Investor-Edge and access the latest research on NPBC at:
First BanCorp's stock declined 2.17%, to close Friday's session at $6.30, after oscillating between $6.20 and $6.43. The stock recorded a trading volume of 0.73 million shares, below its three months average volume of 0.82 million shares. Over the previous three trading sessions and since the beginning of 2015, First BanCorp's shares have advanced 0.64% and 7.33%, respectively. However, the stock has declined 2.17% in the previous three months. The company is trading above its 200-day moving average. The stock's 50-day moving average of $6.36 is above its 200-day moving average of $5.61. Furthermore, First BanCorp's stock traded at a PE ratio of 3.35 and has an RSI of 50.27. The complete research on FBP is available for free at:
East West Bancorp Inc.'s stock finished Friday's session 1.73% lower at $42.57. A total of 1.10 million shares were traded, which was above its three months average volume of 0.75 million shares. The stock moved between $42.24 and $43.49 during the session. East West Bancorp Inc.'s shares have advanced 2.80% in the last one month and 4.13% in the previous three months. Additionally, from the beginning of 2015, the stock has gained an upside of 9.97%. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $41.12 is greater than its 200-day moving average of $37.54. East West Bancorp Inc.'s stock traded at a PE ratio of 16.72 and has an RSI of 60.29. Free in depth research on EWBC is available at:
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