NEW YORK, April 23, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Umpqua Holdings Corp. (NASDAQ: UMPQ), U.S. Bancorp (NYSE: USB), Senior Housing Properties Trust (NYSE: SNH), SunTrust Banks Inc. (NYSE: STI) and HCP Inc. (NYSE: HCP). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1476-100free.
Umpqua Holdings Corp. Analyst Notes
On April 18, 2014, Umpqua Holdings Corp. (Umpqua) announced it has completed the merger of Spokane-based Sterling Financial Corporation (Sterling) with itself, thus creating the West Coast's largest community bank. The new company will operate under as Umpqua Holdings Corporation and will conduct banking operations under the Umpqua Bank name and brand. With this merger, Umpqua now holds approximately $22 billion in assets, $15 billion in loans and $16 billion in deposits, with 5,000 associates and 394 stores spread in five states - Oregon, Washington, Idaho, California and Nevada. According to Umpqua, Ray Davis will continue to lead as the President and CEO of Umpqua Holdings Corporation. Post this transaction, Umpqua's existing shareholders are expected to own approximately 51% of the outstanding shares of the combined entity, while the Sterling shareholders will hold the remaining 49%. The full analyst notes on Umpqua are available to download free of charge at:
U.S. Bancorp Analyst Notes
On April 18, 2014, U.S. Bancorp (U.S. Bancorp) announced that certain closed-end funds, which are advised by U.S. Bancorp Asset Management, Inc., have declared their May 2014 distributions, to be allocated on a per-share basis on the common stock. The distributions declared were: $0.0575 per share on American Strategic Income Portfolio, $0.0475 per share on American Strategic Income Portfolio II, $0.0425 per share on American Strategic Income Portfolio III, $0.0600 per share on American Select Portfolio, $0.0400 per share on American Income Fund, $0.0800 per share on American Municipal Income Portfolio, $0.0740 per share on Minnesota Municipal Income Portfolio, and $0.0625 per share on Minnesota Municipal Income Fund II. The Company informed that the distributions have an ex-dividend date of May 1, 2014 and will be paid on May 21, 2014 to shareholders of record on May 5, 2014. The full analyst notes on U.S. Bancorp are available to download free of charge at:
Senior Housing Properties Trust Analyst Notes
On April 17, 2014, Senior Housing Properties Trust (SNH) announced that it has priced the public offering of its 13.5 million common shares at a price of $21.75 per share to the public. SNH plans to use the proceeds from this offering to repay the outstanding amount on its revolving credit facility and for general business purposes, including funding, in part, the pending acquisition of two biotech medical office buildings in Boston. In a separate press release issued that same day, the Company informed that underwriters of its offering have exercised, in full, their option to purchase an additional nearly 2 million common shares. SNH expects to close the offer on April 23, 2014. The full analyst notes on SNH are available to download free of charge at:
SunTrust Banks Inc. Analyst Notes
On April 21, 2014, SunTrust Banks Inc. (SunTrust) released its Q1 2014 results. SunTrust's net income during the quarter increased to $0.73 per diluted share from $0.63 per diluted share in Q1 2013, surpassing the market expectations on back of sharp decline in provisions for credit losses, though partially offset by drop in revenues. On average, analysts polled by Bloomberg expected the Company to report an adjusted diluted EPS of $0.66. The provisions for credit losses dropped 51.9% to $102 million during the quarter. However, weighed down by decline in both the net interest income and non-interest income, the revenues of SunTrust came in at $2.0 billion, down 4.0% YoY. Asset quality of the Company improved as the ratio of Nonperforming loans to total loans declined to 0.72% at March 31, 2014 from 1.21% at March 31, 2013. The stock gained 1.48% to end the session at $38.51. The full analyst notes on SunTrust are available to download free of charge at:
HCP Inc. Analyst Notes
On April 8, 2014, HCP Inc. (HCP) announced that the Company plans to release its Q1 2014 earnings result on May 6, 2014, before the start of trading on the New York Stock Exchange. Following the earnings release, the Company will host a conference call and webcast at 9:00 a.m. PT (12:00 p.m. ET) to discuss the results. According to Zacks Investment Research, the consensus EPS forecast for Q1 2014 is $0.74. The full analyst notes on HCP are available to download free of charge at:
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