Banking Equities Coverage -- Research on First Niagara Financial, Susquehanna Bancshares, United Community Banks, and Webster Financial
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LONDON, May 8, 2014 /PRNewswire/ --
The markets on Wednesday, May 07, 2014 ended on a mixed note as the S&P 500 finished the session 0.56% higher at 1,878.21, and the NASDAQ Composite closed at 4,067.67, down 0.32%. The Dow Jones Industrial Average finished at 16,518.54, up 0.72%. During the session, the eight out of ten sectors ended in positive. During the session gains in the Utilities, Financials and Consumer Staples sectors positively impacted the broader market, while some retraction came in from Information Technology and Consumer Discretionary sectors. The S&P 500 Financials Sector Index closed the day at 294.67, up 1.28%, with the index also advancing 2.79% in the previous three months. Investor-Edge has initiated coverage on the following equities: First Niagara Financial Group Inc. (NASDAQ: FNFG), Susquehanna Bancshares Inc. (NASDAQ: SUSQ), United Community Banks Inc. (NASDAQ: UCBI) and Webster Financial Corporation (NYSE: WBS). Free technical research on FNFG, SUSQ, UCBI and WBS can be downloaded upon signing up at:
http://www.investor-edge.com/2281-register
On Wednesday, shares in First Niagara Financial Group Inc. recorded a trading volume of 3.91 million shares, close to its three months average volume of 3.90 million shares. The stock finished the day 0.47% higher at $8.59, and registered an intraday range of $8.44 to $8.59. First Niagara Financial Group Inc.'s shares have declined 3.05% in the previous three trading sessions, 7.53% in the last one month and 19.11% on YTD basis. The company's stock traded at a PE ratio of 11.77. Furthermore, the company's stock is trading below its 50-day and 200-day moving averages of $9.14 and $10.05, respectively. Furthermore, the company stock has a Relative Strength Index (RSI) of 29.04. Sign up today to read free research on FNFG at:
http://www.investor-edge.com/2281-FNFG-08May2014.pdf
Susquehanna Bancshares Inc.'s stock edged 0.60% higher, to close the day at $10.02. The stock recorded a trading volume of 1.58 million shares, above to its three months average volume of 1.57 million shares. The stock oscillated between $9.81 and $10.03 during the session. The company stock has declined 2.62% in the previous three trading sessions and 5.47% in the last three months. Additionally, the stock has lost 21.96%, since start of this year. The stock is trading below its 50-day and 200-day moving averages. The company stock's 200-day moving average of $12.07 is above its 50-day moving average of $10.96. Further, the stock traded at a PE ratio of 11.07 and has an RSI of 28.31. Sign up today to read free research on SUSQ at:
http://www.investor-edge.com/2281-SUSQ-08May2014.pdf
Shares in United Community Banks Inc. finished the Wednesday's session 0.13% lower at $15.92. A total of 0.26 million shares were traded, much below to its three months average volume of 0.41 million shares. The stock moved between $15.56 and $16.03 during the session. Over the previous three trading sessions and over the last three months, United Community Banks Inc.'s shares have fallen by 4.67% and 4.96%, respectively. Additionally, from the beginning of 2014, the stock has declined 10.31%. Shares of the company traded at a PE ratio of 3.48. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $18.19 is greater than its 200-day moving average of $16.67. United Community Banks Inc.'s stock has an RSI of 28.30. Sign up today to read free research on UCBI at:
http://www.investor-edge.com/2281-UCBI-08May2014.pdf
On Wednesday, shares in Webster Financial Corp. fluctuated between $29.40 and $29.90 before finishing the session 0.44% higher at $29.84. Webster Financial Corp.'s stock reported a trading volume of 0.51 million shares, which was below to its three months average volume of 0.55 million shares. Although Webster Financial Corp.'s shares have advanced 1.63% in the last three months, it has declined 1.29% in the previous three trading sessions and 4.30% since start of this year. The stock is trading above its 200-day moving average of $28.92. Additionally, shares of the company traded at a PE ratio of 14.59 and have an RSI of 40.81. Sign up today to read free research on WBS at:
http://www.investor-edge.com/2281-WBS-08May2014.pdf
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EDITOR'S NOTES:
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