Banks Fare Well On Their Quarterly Report Card - Special Research on Home Bancorp, HomeStreet, Hudson City, Malvern, and Pathfinder
NEW YORK, February 13, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including Home Bancorp (NASDAQ: HBCP), HomeStreet (NASDAQ: HMST), Hudson City (NASDAQ: HCBK), Malvern (NASDAQ: MLVF), and Pathfinder (NASDAQ: PBHC). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
HBCP Research Report: ( http://get.analystsreview.com/pdf/?c=Home%20Bancorp&d=13-Feb-2015&s=HBCP ),
HMST Research Report: ( http://get.analystsreview.com/pdf/?c=HomeStreet&d=13-Feb-2015&s=HMST ),
HCBK Research Report: ( http://get.analystsreview.com/pdf/?c=Hudson%20City&d=13-Feb-2015&s=HCBK ),
MLVF Research Report: ( http://get.analystsreview.com/pdf/?c=Malvern&d=13-Feb-2015&s=MLVF ),
PBHC Research Report: ( http://get.analystsreview.com/pdf/?c=Pathfinder&d=13-Feb-2015&s=PBHC ).
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Analyst Update: Banks Report Quarterly Earnings
Reviewed by: Rohit Tuli, CFA®
Major U.S. and European equity indices rallied to multiyear or record highs on Thursday after a cease-fire between Russian separatists and Ukrainian forces, and unexpectedly aggressive stimulus by Sweden's central bank, cheered global markets. The Nasdaq Composite surged past multiyear highs reached in December to levels last seen in March 2000, closing up 1.18% higher at 4,857.1. Dow was up 0.62% to 17,972.38, while the S&P 500 rose 0.96% to close at 2,088.48. In Europe, shares reversed early losses on a broadly positive raft of results, with 62% of companies meeting or beating earnings forecasts. Sentiments in the European markets were boosted by the Ukraine peace agreement, Swedish economic stimulus measures and hope for a Greek debt deal. The Greek stock market jumped 6.7% after the ECB approved extra emergency finance for Greek banks. In Asia, Japanese stocks rallied to their highest settlement in more than seven years as a weaker yen supported many export-related shares. Most other Asian markets too ended on a positive note.
Home Bancorp, Inc. (Home Bancorp), the parent company for Home Bank, reported that its fourth quarter 2014 net income per diluted share increased 60% YoY to $0.40. Excluding expenses related to the acquisition of Britton & Koontz Capital Corporation and its wholly-owned subsidiary Britton & Koontz Bank, N.A, the Company said its earnings per share in fourth quarter were up 43% YoY.
HomeStreet, Inc. (HomeStreet), the parent company of HomeStreet Bank, reported fourth quarter 2014 net income that beat Wall Street estimates. HomeStreet earned $5.6 million, or $0.38 per diluted share, in fourth quarter, compared to a net loss of $0.86 million, or $0.06 per share, in the year ago period.
Hudson City Bancorp, Inc. (Hudson City), the holding company for Hudson City Savings Bank, has reported fourth quarter net income and revenues that exceed the market expectations. According to a Zacks report, lower operating expenses were primarily responsible for the quarterly earnings beat.
Malvern Bancorp, Inc. (Malvern), the parent company of Malvern Federal Savings Bank (MFSB), has reported that its first quarter fiscal 2015 net income jumped over five-fold to $0.32 million, or $0.05 per share, as a result of improved fundamentals with reductions in operating overhead and stable asset quality.
Pathfinder Bancorp, Inc. (Pathfinder) has reported a growth of 51.6% YoY in net income for fourth quarter 2014 at $0.83 million, driven by growth in net interest income. Pathfinder's net interest income jumped 14.5% YoY to $4.5 million as income went up sharply on back of increased lending in commercial real estate and residential mortgage.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
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SOURCE Analysts Review
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