Banking Stocks on Investors' Radar -- Citizens Financial, Synovus Financial, BankUnited, and Signature Bank
NEW YORK, January 4, 2017 /PRNewswire/ --
This morning, Stock-Callers.com takes note of the most recent performances of these Regional Mid-Atlantic Banks equities: Citizens Financial Group Inc. (NYSE: CFG), Synovus Financial Corp. (NYSE: SNV), BankUnited Inc. (NYSE: BKU), and Signature Bank (NASDAQ: SBNY). These companies belong to the Financials sector which extended their recent gains into the New Year on Tuesday, January 03rd, 2017, with the NYSE Financials Sector Index climbing over 0.6%, and Financials companies in the S&P 500 Index recording a 0.7% gain. Learn more about these stocks by downloading their comprehensive and free reports at:http://stock-callers.com/registration
Citizens Financial
At the close on Tuesday, shares in Providence, Rhode Island headquartered Citizens Financial Group Inc. rose 0.65%, ending the day at $35.86. The stock recorded a trading volume of 5.05 million shares. The Company's shares have advanced 4.30% in the last one month, 46.44% in the previous three months, and 0.65% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 13.34% and 44.48%, respectively. Moreover, shares of Citizens Financial, which operates as the bank holding company for Citizens Bank, N.A. and Citizens Bank of Pennsylvania, which provide consumer and commercial banking services in the US, have a Relative Strength Index (RSI) of 67.72.
On December 20th, 2016, Citizens Bank announced that it will offer digital lending capabilities to small business customers through a collaboration with Fundation Group LLC, a leading digitally-enabled lender and credit solutions provider to regional and community banks. This continues Citizens' strategy of leveraging innovative digital technologies that create better end-to-end customer experiences. The service is expected to be available in mid-2017.
On January 03rd, 2017, research firm Barclays reiterated its 'Equal Weight' rating on the Company's stock with an increase of the target price from $27 a share to $39 a share. CFG complete research report is just a click away and free at:
http://stock-callers.com/registration/?symbol=CFG
Synovus Financial
Shares in Columbus, Georgia headquartered Synovus Financial Corp. ended the day 0.24% higher at $41.18. A total volume of 1.01 million shares was traded, which was above their three months average volume of 934,920 shares. The stock has gained 4.75% in the past month, 28.43% in the previous three months, and 0.24% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 9.00% and 26.82%, respectively. Furthermore, shares of Synovus Financial, which operates as the bank holding company for Synovus Bank that provides various financial products and services, have an RSI of 67.18.
On December 06th, 2016, research firm Barclays upgraded the Company's stock rating from 'Underweight' to 'Equal Weight' while revising its previous target price from $32 a share to $41 a share.
On January 03rd, 2017, Synovus Financial's Board of Directors declared a dividend of $0.4921875 per share on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C. The dividend will be payable on February 01st, 2017, to shareholders of record as of January 15th, 2017. The complimentary report on SNV can be downloaded at: http://stock-callers.com/registration/?symbol=SNV
BankUnited
On Tuesday, shares in Miami Lakes, Florida headquartered BankUnited Inc. finished 0.03% lower at $37.68 with a total trading volume of 751,194 shares. The stock has advanced 4.55% in the last one month and 26.92% over the previous three months. The Company's shares are trading above their 50-day and 200-day moving averages by 9.98% and 16.82%, respectively. Additionally, shares of BankUnited, which operates as the bank holding company for BankUnited, National Association that provides a range of banking services to small and medium sized businesses, and individual customers in the US, have an RSI of 65.66.
On December 06th, 2016, research firm Barclays upgraded the Company's stock rating from 'Equal Weight' to 'Overweight' while revising its previous target price from $32 a share to $40 a share.
On December 28th, 2016, BankUnited announced that its Board of Directors has declared a quarterly cash dividend of $0.21 per common share. The dividend will be payable on January 31st, 2017 to stockholders of record at the close of business on January 13th, 2017. Sign up for your complimentary research report on BKU at:
http://stock-callers.com/registration/?symbol=BKU
Signature Bank
New York headquartered Signature Bank's shares recorded a trading volume of 422,976 shares at the end of yesterday's session. The stock closed the day 0.89% lower at $148.87. The Company's shares have advanced 26.84% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 5.77% and 14.09%, respectively. Additionally, shares of Signature Bank, which provides various business and personal banking products and services, have an RSI of 56.17. Get free access to your research report on SBNY at:
http://stock-callers.com/registration/?symbol=SBNY
--
Stock Callers:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
http://stock-callers.com/legal-disclaimer/
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: [email protected]
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA
Share this article