Thu, Jan 29, 2015, 10:12 PM EST - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

Hudson City Bancorp, Inc. Message Board

  • earnitt earnitt Oct 19, 2011 10:44 AM Flag

    I like Hcbk

    marginally safe bet
    More than a year ago, Hudson City Bancorp (Nasdaq: HCBK ) proved me wrong. Then again, a few months ago, I switched course and warned investors to avoid the stock, which now appears to have been a good call. Well, I'm once again going to do my best NFL referee impression and flip my stance back to optimistic.

    Despite reporting a 33% drop in income in its latest quarterly results, Hudson City had plenty of positives built into its report. The bank's loan loss provision dropped to $30 million from $50 million and net margin interest ticked slightly higher to 2.14% from 2.13% a year earlier. While I'd hardly call Hudson City's business booming, it is stabilizing, and the prospects for the company turning a profit in 2012 look very good. Not to mention that the company is currently yielding a handsome 5.5% even after a recent dividend haircut. Bank of America (NYSE: BAC ) and Citigroup (NYSE: C ) may trade more cheaply to book value, but it's very hard to overlook Hudson City, which is at 57% of book value while yielding 5.5%.

    Foolish roundup

    SortNewest  |  Oldest  |  Most Replied Expand all replies
9.13+0.120(+1.33%)Jan 29 4:00 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Visa Inc.
NYSEThu, Jan 29, 2015 4:00 PM EST
Google Inc.
NASDAQThu, Jan 29, 2015 4:00 PM EST
The Manitowoc Company, Inc.
NYSEThu, Jan 29, 2015 4:02 PM EST