NEW YORK, October 12, 2016 /PRNewswire/ --
On Tuesday, October 11, 2016, the NASDAQ Composite ended the trading session at 5,246.79, down 1.54%; the Dow Jones Industrial Average lost 1.09%, to finish at 18,128.66; and the S&P 500 closed at 2,136.73, down 1.24%. With the market slipping back in bearish territories, Stock-Callers is reviewing the following Banking stocks: Umpqua Holdings Corporation (NASDAQ: UMPQ), PacWest Bancorp (NASDAQ: PACW), SVB Financial Group (NASDAQ: SIVB), and Cathay General Bancorp (NASDAQ: CATY). You can access of our complimentary research reports on these stocks now at:
On Tuesday, shares in Portland, headquartered Umpqua Holdings Corp. ended the session 0.84% lower at $15.36 with a total volume of 1.73 million shares traded. Umpqua Holdings' shares are trading 1.48% above its 200-day moving average. Moreover, shares of the Company, which through its subsidiaries, engages in the commercial and retail banking, and retail brokerage businesses, traded at a PE ratio of 15.27 and have a Relative Strength Index (RSI) of 53.43. Oregon Visit us today and download your complete report on UMPQ for free at:
On Tuesday, shares in Beverly Hills, California-based PacWest Bancorp recorded a trading volume of 672,332 shares. The stock ended the day 0.62% lower at $43.33. PacWest Bancorp.'s stock has advanced 0.93% in the last one month, 6.73% in the previous three months and 1.51% in the past one year. Shares of the Company, which operates as the holding company for Pacific Western Bank that provides commercial banking products and services, traded at a PE ratio of 16.10. The Company's shares are trading above its 50-day and 200-day moving averages by 2.43% and 12.82%, respectively. Furthermore, shares of PacWest Bancorp have an RSI of 56.22.
On October 4th, 2016, research firm Wells Fargo downgraded the Company's stock rating from 'Outperform' to 'Market Perform'. The complimentary research report on PACW can be accessed at:
Santa Clara, California headquartered SVB Financial Group's stock declined 1.35%, to finish Tuesday's session at $118.64 with a total volume of 573,493 shares traded. Over the last one month and the previous three months, SVB Financial Group's shares have gained 10.32% and 20.81%, respectively. Shares of the Company, which provides various banking and financial products and services, traded at a PE ratio of 18.10. The stock is trading 10.34% and 16.24% above its 50-day and 200-day moving averages, respectively. SVB Financial Group's stock has an RSI of 67.20.
On September 16th, 2016, research firm JMP Securities initiated a 'Market Outperform' rating on the Company's stock. Register for free on Stock-Callers.com and download the PDF research report on SIVB at:
Cathay General Bancorp
Los Angeles, California headquartered Cathay General Bancorp's stock declined 1.08%, to close the day at $31.14. The stock recorded a trading volume of 340,978 shares. 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 advanced 5.53% in the previous three months and 3.72% in the past one year. The Company's shares are trading above its 50-day and 200-day moving averages by 1.33% and 7.05%, respectively. Additionally, the stock traded at a PE ratio of 15.68 and has an RSI of 54.03. Get free access to your research report on CATY at:
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