Financial Majors Advance with Acquisitions, New Establishments, and Record Earnings - Research Report on Regions Financial, CVB, The Howard Hughes Corporation, Umpqua, and WRI
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NEW YORK, July 23, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Regions Financial Corp. (NYSE: RF), CVB Financial Corp. (NASDAQ: CVBF), The Howard Hughes Corporation (NYSE: HHC), Umpqua Holdings Corporation (NASDAQ: UMPQ), and Weingarten Realty Investors (NYSE: WRI). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Regions Financial Corp. Research Report
On July 15, 2013, Regions Insurance Group, Inc. (Regions Insurance) a subsidiary of Regions Financial Corp., announced that it has established a new office in Columbia, S.C. and that it has hired tenured insurance executive Frank Norris to lead the office. According to the Company, Norris and his team join Regions Insurance from Frank B. Norris and Co., and bring expertise in property, especially the unique needs of East coast and Caribbean resorts. Commenting on the establishment and appointment, Curren Coco, President and CEO of Regions Insurance, said, "We are excited to continue to extend the geographic presence of Regions Insurance with the addition of Frank and his experienced team. This outstanding group has a great depth of experience in commercial property casualty business with a particular focus on construction and property management companies. They have deep roots in the South Carolina community and are uniquely positioned to meet the insurance needs of local companies." The Full Research Report on Regions Financial Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/4332_RF]
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CVB Financial Corp. Research Report
On July 17, 2013, CVB Financial Corp. (CVB) announced financial results for Q2 2013. The Company reported the highest quarterly earnings in its history, with net income of $24.5 million, reflecting an increase of 3.8% YoY. Earnings of $0.23 per diluted share remained the same for Q2 2013 and Q2 2012. Reflecting on the recent quarter's performance, Chris Myers, President and CEO, commented, "We achieved the highest net earnings in company history for the second quarter of 2013. Improved credit quality and low cost funding continued to bolster our bottom line results. As we look forward, we remain focused on quality loan growth, as we believe this will be a key earnings driver for the future" The Full Research Report on CVB Financial Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/8d47_CVBF]
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The Howard Hughes Corporation Research Report
On July 18, 2013, The Howard Hughes Corporation revealed the new retail lineup that is now open at the SEE/CHANGE summer program at the South Street Seaport. Additionally, the Company also announced that it will donate 50% of rent proceeds from the Pop-Up retailers to the recovery effort in the historic Seaport district. According to David R. Weinreb, Chief Executive Officer of The Howard Hughes Corporation, "We look forward to helping these businesses thrive once again as part of a vibrant South Street Seaport District that can be enjoyed by residents, local workers and visitors." Elizabeth H. Berger, President of the Downtown Alliance, also said, "While the Seaport is not within our official BID boundaries, it is a major Lower Manhattan economic driver that has been instrumental to the success of the district. Proceeds from the SEE/CHANGE program will help the Seaport come back even stronger than before." The Full Research Report on The Howard Hughes Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/3f19_HHC]
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Umpqua Holdings Corporation Research Report
On July 17, 2013, Umpqua Holdings Corporation (Umpqua) released its Q2 2013 results. The Company reported net earnings available to common shareholders of $26.1 million or $0.23 per diluted common share, an increase compared to net earnings available to common shareholders of $23.2 million or $0.21 per diluted common share in Q2 2012. The Company's operating earnings were $26.9 million, or $0.24 per diluted common share, compared to 24.4 million or $0.22 per diluted common share in Q2 2012. Additionally, the Company announced the completion of Umpqua Bank's acquisition on July 1, 2013, with expected earnings accretion of at least 14% in the first full year. The Full Research Report on Umpqua Holdings Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/6d4e_UMPQ]
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Weingarten Realty Investors Research Report
On July 1, 2013, Weingarten Realty Investors (WRI) announced that during its Q2 2013, the Company sold 11 non-core properties. The Company reported that its share of proceeds for the quarter and year-to-date from dispositions totaled $108 million and $124 million, respectively. This capital was redeployed into outstanding new acquisitions totaling $71 million during the quarter, bringing the year-to-date acquisitions to $89 million. Reporting on Q2 2013 acquisitions, the Company informed that it has acquired Queen Anne Marketplace in Seattle, Washington; the property was purchased in a joint venture between the Company and Bouwinvest, in which WRI will hold a 51% interest. Additionally, the Company also acquired Independence Plaza, a 324,000 square foot center in Laredo, Texas. The Full Research Report on Weingarten Realty Investors - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/ebb6_WRI]
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