The Most Valuable Updates in the Financial Services Sector: New Research on BofI Holding, BOK Financial, Bridge Bancorp, Bridge Capital, and Broadway Financial
NEW YORK, February 9, 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 BofI Holding (NASDAQ: BOFI), BOK Financial (NASDAQ: BOKF), Bridge Bancorp (NASDAQ: BDGE), Bridge Capital (NASDAQ: BBNK), and Broadway Financial (NASDAQ: BYFC). 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):
BOFI Research Report: ( http://get.analystsreview.com/pdf/?c=BofI%20Holding&d=09-Feb-2015&s=BOFI ),
BOKF Research Report: ( http://get.analystsreview.com/pdf/?c=BOK%20Financial&d=09-Feb-2015&s=BOKF ),
BDGE Research Report: ( http://get.analystsreview.com/pdf/?c=Bridge%20Bancorp&d=09-Feb-2015&s=BDGE ),
BBNK Research Report: ( http://get.analystsreview.com/pdf/?c=Bridge%20Capital&d=09-Feb-2015&s=BBNK ),
BYFC Research Report: ( http://get.analystsreview.com/pdf/?c=Broadway%20Financial&d=09-Feb-2015&s=BYFC ).
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Analyst Update: Quarterly Resultsand Refinance facilities
Reviewed by: Rohit Tuli, CFA®
The U.S. stocks finished lower on Friday as investor sentiments, which were positive after strong jobs report, turned jittery about the risky assets again due to fresh concerns about Greece. The worries flashed after S&P downgraded Greece's long-term sovereign debt rating from B to B-minus. The Dow Jones Industrial Average and S&P 500 both fell 0.3% to close at 17,824.29 and 2,055.47, respectively. Whereas, the tech-heavy index Nasdaq Composite slid 0.4% to close at 4,744.40. However, despite Friday's slump in trading, the U.S. stock markets registered their best week in the past two years driven by investor optimism amid rising oil prices. In Europe, stocks dipped lower as momentum expected out of favorable U.S. data was offset by concerns surrounding the future of Greece and its bailout program. Asian markets ended mostly higher due to increased risk sentiments riding on the back of solid gain in the U.S. equities overnight and stabilizing crude oil price.
BofI Holding, Inc. (BofI Holding) announced its Q2 FY 2015 financial results with net income of $19.3 million or $1.26 per diluted share versus $13.1 million or $0.91 per diluted share for Q2 FY 2014. Net interest income after provision for loan losses increased to $45.2 million from $31.8 million in Q2 FY 2014.
BOK Financial Corporation (BOK Financial) posted net income attributable to shareholders of $64.3 million or $0.93 per diluted share for Q4 2014, compared to $73.0 million or $1.06 per diluted share for Q4 2013. For full-year 2014, net income attributable to shareholders stood at $292.4 million or $4.22 per diluted share versus $316.6 million or $4.59 per diluted share during full-year 2013.
Bridge Bancorp, Inc.'s (Bridge Bancorp) net income for Q4 2014 was at $4.2 million, compared to $3.6 million in Q4 2013. For full-year 2014, net income stood at $13.8 million or $1.18 per diluted share, compared to $13.1 million or $1.36 per diluted share in full-year 2013.
Bridge Capital Holdings (Bridge Capital), the holding Company of BridgeBank, has provided Perpetual Energy Systems with $28 million to refinance multiple solar power plants in California. These solar projects provide power across the state to school districts and universities, including California Institute of Technology and Santa Clara University.
Broadway Financial Corporation (Broadway Financial) reported Q3 2014 net income of $765,000, up from $584,000 in Q3 2013. For the third quarter of 2014, net interest income before provision for loan losses totaled $2.9 million, up 11% YoY. For consolidated nine months period, net income stood at $1.8 million, compared to net loss of $260,000 in the corresponding prior year period.
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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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