Research Reports Coverage on Banking Stocks -- Umpqua, PacWest Bancorp, SVB Financial, and Cathay General Bancorp
NEW YORK, August 31, 2016 /PRNewswire/ --
Stock-Callers.com takes a closer look at the Regional Pacific Banking industry in the financial sector. According to data from the St. Louis Fed, net interest margins for all U.S. banks in Q2 came in at 3.01%, which is their lowest rate in years. Let us now see how this morning's featured banks fared at the recent close: Umpqua Holdings Corp. (NASDAQ: UMPQ), PacWest Bancorp (NASDAQ: PACW), SVB Financial Group (NASDAQ: SIVB), and Cathay General Bancorp (NASDAQ: CATY). These stocks research reports can be downloaded now by simply registering for free at:
http://stock-callers.com/registration
Umpqua Holdings
Portland, Oregon headquartered Umpqua Holdings Corp.'s stock finished Tuesday's session 0.99% higher at $16.33 with a total trading volume of 822,421 shares. The Company's shares have advanced 8.36% in the past month, 2.86% over the previous three months, and 4.89% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 4.88% and 5.77%, respectively. Furthermore, shares of Umpqua Holdings, which through its subsidiaries, engages in the commercial and retail banking, and retail brokerage businesses, have a Relative Strength Index (RSI) of 70.34. Your complete research report on UMPQ can be retrieved for free at:
http://stock-callers.com/registration/?symbol=UMPQ
PacWest Bancorp
On Tuesday, shares in Beverly Hills, California-based PacWest Bancorp ended the session at $42.94, up 1.39%. The stock recorded a trading volume of 1.06 million shares, which was above its three months average volume of 748,230 shares. The Company's shares have gained 7.07% in the last one month, 3.70% in the previous three months, and 3.79% since the start of this year. The stock is trading 6.48% above its 50-day moving average and 11.52% above its 200-day moving average. Moreover, shares of PacWest Bancorp, which operates as the holding company for Pacific Western Bank that provides commercial banking products and services, have an RSI of 66.69.
On August 22nd, 2016, DecisionPoint Systems announced that it has signed new commercial banking relationships with Union Bank combined with CapitalSource Business Financial Group, a division of Pacific Western Bank, a wholly-owned subsidiary of PacWest Bancorp (PACW), as the company's primary line-of-credit lender. DecisionPoint now has a three-year revolving line-of-credit of $6 million, at an interest rate of 1.25 points over the Prime Rate, a full 200 basis points lower than the former lender's rate. The line-of-credit is secured by substantially all of DecisionPoint's assets, similar to the previous lender relationship. PACW free report is just a click away at:
http://stock-callers.com/registration/?symbol=PACW
SVB Financial Group
Santa Clara, California headquartered SVB Financial Group's stock ended yesterday's session 1.53% higher at $111.42. A total volume of 621,488 shares was traded, which was above their three months average volume of 570,110 shares. The Company's shares have advanced 13.69% in the past month and 1.34% in the previous three months. The stock is trading 10.74% above its 50-day moving average and 6.68% above its 200-day moving average. Additionally, shares of SVB Financial Group, which provides various banking and financial products and services, have an RSI of 72.67.
On July 27th, 2016, Silicon Valley Bank, the California bank subsidiary of SVB Financial Group announced that it has entered into a corporate banking partnership with GENBAND™, a global leader in real-time communications solutions, to help support GENBAND's growth initiatives. In addition to providing domestic and international banking services, SVB acted as lead agent for a $50 million revolving credit facility to offer GENBAND additional working capital and enhanced financial flexibility. Sign up for your complimentary research report on SIVB at:
http://stock-callers.com/registration/?symbol=SIVB
Cathay General Bancorp
At the close on Tuesday, shares in Los Angeles, California headquartered Cathay General Bancorp recorded a trading volume of 311,446 shares. The stock finished 0.58% higher at $31.44. The Company's shares have gained 5.65% in the last one month, 1.45% over the previous three months, and 1.62% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 6.07% and 6.75%, respectively. Furthermore, shares of Cathay General Bancorp, which operates as the holding company for Cathay Bank that offers various commercial banking products and services for individuals, professionals, and small to medium-sized businesses in the US, have an RSI of 68.16.
On August 18th, 2016, Cathay General Bancorp announced that its Board of Directors declared a cash dividend of eighteen cents per common share, payable on September 12th, 2016, to stockholders of record at the close of business on September 1st, 2016. Register for free on Stock-Callers.com and download the latest research report on CATY at:
http://stock-callers.com/registration/?symbol=CATY
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