21.04.2017 12:35:00
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Research Reports Initiation on Banking Stocks -- Valley National, Fulton Financial, M&T Bank, and Webster Financial
NEW YORK, April 21, 2017 /PRNewswire/ --
Today, Stock-Callers.com explores the Regional Northeast Banks industry, which operates in the Northeast region of a country. It includes banks that provide a wide range of financial services including deposits, loans, leases, mortgages, credit cards, and ATM services. Equities under review this morning are: Valley National Bancorp (NYSE: VLY), Fulton Financial Corp. (NASDAQ: FULT), M&T Bank Corp. (NYSE: MTB), and Webster Financial Corp. (NYSE: WBS). Learn more about these stocks by downloading their free report at:
http://stock-callers.com/registration
Valley National
On Thursday, shares in Wayne, New Jersey headquartered Valley National Bancorp recorded a trading volume of 1.76 million shares. The stock ended the session 2.42% higher at $11.85. The Company's shares have gained 1.37% in the last one month, 5.71% over the previous three months, and 2.72% on an YTD basis. The stock is trading 12.15% above its 200-day moving average. Moreover, shares of Valley National Bancorp, which operates as the holding company for the Valley National Bank that provides commercial, retail, trust, and investment services, have a Relative Strength Index (RSI) of 52.60.
On March 30th, 2017, Valley National Bancorp announced that it will release its Q1 2017 earnings before the market opens on Wednesday, April 26th, 2017. Chairman, President, and CEO Gerald H. Lipkin will host a conference call on the same day at 11:00 a.m. ET to discuss its Q1 2017 earnings. The teleconference will be webcast live and archived on the Company's website through Friday, May 26th, 2017. The free research report on VLY is available at:
http://stock-callers.com/registration/?symbol=VLY
Fulton Financial
Lancaster, Pennsylvania headquartered Fulton Financial Corp.'s stock closed the day 2.79% higher at $18.45. A total volume of 1.07 million shares was traded, which was above their three months average volume of 900,160 shares. The Company's shares have advanced 6.40% in the past month and 3.15% in the previous three months. The stock is trading 1.27% and 13.13% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Fulton Financial, which operates as a multi-bank financial holding company that provides banking and financial services to businesses and consumers, have an RSI of 59.20.
On April 19th, 2017, Fulton Financial reported earnings for the three months ended March 31st, 2017. Net income for Q1 2017 was $43.4 million, total average assets were $19.1 billion, and non-performing assets were $143.4 million. Average loans, net of unearned income, increased $381.7 million, or 2.6%, in comparison to Q4 2016; and total average liabilities increased $292.4 million, or 1.8%, from Q4 2016. The complimentary report on FULT can be downloaded at:
http://stock-callers.com/registration/?symbol=FULT
M&T Bank
Shares in Buffalo, New York headquartered M&T Bank Corp. recorded a trading volume of 613,370 shares. The stock ended yesterday's trading session 1.85% higher at $154.28. The Company's shares are trading above their 200-day moving average by 12.13%. Furthermore, shares of M&T Bank, which operates as the holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provide retail and commercial banking services, have an RSI of 47.32.
On April 18th, 2017, research firm Wedbush reiterated its 'Neutral' rating on the Company's stock with an increase of the target price from $144 a share to $150 a share.
On April 18th, 2017, M&T Bank announced that it has declared quarterly cash dividends of $15.9375 per share on each of its Series A and Series C preferred stocks. The dividends will be payable on May 15th, 2017 to shareholders of record at the close of business on May 01st, 2017. Visit us today and download our complete research report on MTB for free at:
http://stock-callers.com/registration/?symbol=MTB
Webster Financial
Waterbury, Connecticut headquartered Webster Financial Corp.'s stock finished Thursday's session 2.65% higher at $49.58. A total volume of 1.17 million shares was traded, which was above their three months average volume of 722,730 shares. The Company's shares are trading above their 200-day moving average by 9.54%. Additionally, shares of Webster Financial, which operates as the holding company for Webster Bank, National Association that provides financial services to individuals, families, and businesses in the US, have an RSI of 47.25.
On April 10th, 2017, Webster Financial announced that Gregory S. Madar has been named Chief Financial Officer of HSA Bank effective May 2017. HSA Bank, a division of Webster Bank, N.A., is a leading provider of consumer-directed health savings accounts. In his newly created role, Mr. Madar will oversee financial performance analysis, budget and planning, controllership, and financial management for HSA Bank. Get free access to your technical report on WBS at:
http://stock-callers.com/registration/?symbol=WBS
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Aktien in diesem Artikel
Fulton Financial Corp. | 21,66 | -0,14% | |
M&T Bank Corp. | 208,50 | -0,14% | |
Valley National Bancorp (VNB) | 10,10 | 0,00% | |
Webster Financial Corp. | 62,05 | 0,05% |