Research Reports Initiation on Financial Stocks -- IBERIABANK, Texas Capital Bancshares, Cullen/Frost Bankers, and Prosperity Bancshares
NEW YORK, April 27, 2017 /PRNewswire/ --
Today's attention is on the Financial sector, which includes banks, thrifts and mortgage finance companies, specialized finance, consumer finance, asset management and custody banks, investment banking and brokerage, insurance, financial exchanges and mortgage REITs. Lined up for assessment on Stock-Callers.com this morning are: IBERIABANK Corp. (NASDAQ: IBKC), Texas Capital Bancshares Inc. (NASDAQ: TCBI), Cullen/Frost Bankers Inc. (NYSE: CFR), and Prosperity Bancshares Inc. (NYSE: PB). Learn more about these stocks by downloading their free report at:
http://stock-callers.com/registration
IBERIABANK
On Wednesday, shares in Lafayette, Louisiana headquartered IBERIABANK Corp. recorded a trading volume of 981,528 shares, which was above their three months average volume of 526,930 shares. The stock ended the session 0.44% higher at $79.75. The Company's shares have gained 5.77% in the last one month. The stock is trading 7.12% above its 200-day moving average. Moreover, shares of IBERIABANK, which operates as the bank holding company for IBERIABANK that provides commercial and retail banking products and services in the US, have a Relative Strength Index (RSI) of 55.13.
On March 30th, 2017, IBERIABANK announced that it will release its Q1 2017 results after the close of business on Thursday, April 27th, 2017. The Company will also host a live conference call, beginning at 8:30 a.m. CT, on Friday, April 28th, 2017. The free research report on IBKC is available at:
http://stock-callers.com/registration/?symbol=IBKC
Texas Capital Bancshares
Dallas, Texas headquartered Texas Capital Bancshares Inc.'s stock closed the day 1.81% higher at $78.70 with a total trading volume of 614,354 shares. The Company's shares have advanced 0.38% since the start of this year. The stock is trading 14.71% above its 200-day moving average. Additionally, shares of Texas Capital Bancshares, which operates as the bank holding company for Texas Capital Bank, National Association that provides various banking products and services for commercial businesses, and professionals and entrepreneurs, have an RSI of 44.53.
On April 20th, 2017, research firm Raymond James downgraded the Company's stock rating from 'Strong Buy' to 'Market Perform'.
On April 24th, 2017, Texas Capital Bancshares announced that its board of directors declared a cash dividend of $0.40625 per share of the non-cumulative perpetual preferred stock, Series A, which is traded on the NASDAQ under the symbol "TCBIP." The Series A Preferred Stock dividend is payable on June 15th, 2017 to shareholders of record at the close of business on June 01st, 2017. The complimentary report on TCBI can be downloaded at:
http://stock-callers.com/registration/?symbol=TCBI
Cullen/Frost Bankers
Shares in San Antonio, Texas headquartered Cullen/Frost Bankers Inc. recorded a trading volume of 865,561 shares, which was higher than their three months average volume of 495,490 shares. The stock ended yesterday's trading session 4.70% higher at $96.95. The Company's shares have advanced 15.13% in the past month, 5.27% in the previous three months, and 10.52% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 7.45% and 20.88%, respectively. Furthermore, shares of Cullen/Frost Bankers, which operates as the holding company for Frost Bank that offers commercial and consumer banking services in Texas, have an RSI of 69.25.
On April 06th, 2017, research firm Raymond James initiated a 'Market Perform' rating on the Company's stock. Visit us today and download our complete research report on CFR for free at:
http://stock-callers.com/registration/?symbol=CFR
Prosperity Bancshares
Houston, Texas-based Prosperity Bancshares Inc.'s stock finished Wednesday's session 0.77% higher at $70.84. A total volume of 632,695 shares was traded, which was above their three months average volume of 443,900 shares. The Company's shares have advanced 4.68% in the last one month. The stock is trading above its 200-day moving average by 12.67%. Additionally, shares of Prosperity Bancshares, which operates as bank holding company for the Prosperity Bank that provides a range of retail and commercial banking services to small and medium-sized businesses, and consumers, have an RSI of 57.67.
On April 06th, 2017, research firm Raymond James downgraded the Company's stock rating from 'Outperform' to 'Market Perform'.
On April 26th, 2017, Prosperity Bancshares reported Q1 2017 earnings results. Net income was $68.565 million for the three months ended March 31st, 2017; net interest income before provision for credit losses was $152.435 million; net interest margin on a tax equivalent basis was 3.20%; noninterest income was $30.824 million; and noninterest expense was $78.062 million. Get free access to your technical report on PB at:
http://stock-callers.com/registration/?symbol=PB
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