Stock Research Monitor: BKU, SNV, and UBSI
LONDON, UK / ACCESSWIRE / May 14, 2018 / If you want a free Stock Review on CFG sign up now at www.wallstequities.com/registration. Pre-market, WallStEquities.com has selected the following Regional Mid-Atlantic Banks stocks for monitoring: BankUnited Inc. (NYSE: BKU), Citizens Financial Group Inc. (NYSE: CFG), Synovus Financial Corp. (NYSE: SNV), and United Bankshares Inc. (NASDAQ: UBSI). These banks are part of the Financials sector, which is made up of firms that provide financial services to commercial and retail customers. As per Investopedia, financial services perform best in low-interest-rate environments. A large portion of this sector generates revenue from mortgages and loans, which gain value as interest rates drop. All you have to do is sign up today for this free limited time offer by clicking the link below.
Miami Lakes, Florida headquartered BankUnited Inc.'s shares recorded a trading volume of 457,661 shares last Friday. The stock finished the trading session 0.19% higher at $41.14. The Company's shares have gained 2.47% in the last month, 3.78% over the previous three months, and 21.11% over the past year. The stock is trading above its 50-day and 200-day moving averages by 1.40% and 8.95%, respectively. Furthermore, 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 and corporate customers in the US, have a Relative Strength Index (RSI) of 57.16.
On April 25th, 2018, BankUnited announced its results for Q1 2018. Net income for Q1 2018 was $85.2 million, net interest income was $247.8 million, and net interest margin, calculated on a tax-equivalent basis, was 3.56%. At March 31st, 2018, book value per common share grew to $28.57, while tangible book value per common share increased to $27.83. Get the full research report on BKU for free by clicking below at:
Citizens Financial Group
On Friday, Providence, Rhode Island headquartered Citizens Financial Group Inc.'s stock ended the session 0.09% higher at $42.40. A total volume of 2.43 million shares was traded. The Company's shares have gained 14.59% over the past year. The stock is trading 5.45% above its 200-day moving average. Moreover, shares of Citizens Financial, which operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the US, have an RSI of 51.50.
On April 23rd, 2018, research firm Sandler O'Neill upgraded the Company's stock rating from ‘Hold' to ‘Buy'.
On April 25th, 2018, Citizens Financial announced that CFO, John Woods, will present at the Barclays Americas Select Franchise Conference on May 15th, 2018, at 5:30 a.m. ET in London. The live webcast and presentation slides will be available on the Company's investor website, under "Events & Presentations". The free technical report on CFG can be accessed at:
Columbus, Georgia headquartered Synovus Financial Corp.'s stock ended the day 0.07% lower at $54.00 with a total trading volume of 513,053 shares. The Company's shares have gained 7.42% in the last month, 12.24% over the previous three months, and 28.97% over the past year. The stock is trading 5.63% and 12.97% above its 50-day and 200-day moving averages, respectively. Additionally, 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 63.67.
On April 24th, 2018, Synovus Financial reported its results for the quarter ended March 31st, 2018. Net income available to common shareholders for Q1 2018 was $100.6 million, total revenues were $341.3 million, and net interest margin was 3.78%. Total average loans for the quarter were $24.85 billion, total average deposits were $25.79 billion, and the loan to deposit ratio remained stable at 95%. Sign up for free on Wall St. Equities and claim the latest report on SNV at:
Shares in Charleston, West Virginia headquartered United Bankshares Inc. recorded a trading volume of 276,460 shares. The stock ended Friday's session flat at $35.00. The Company's shares have gained 1.60% over the previous three months. The stock is trading below its 50-day moving average by 1.09%. Furthermore, shares of United Bankshares, which provides commercial and retail banking products and services in the US, have an RSI of 51.36.
On April 26th, 2018, United Bankshares announced its results for Q1 2018. Earnings for the quarter were a record $61.7 million, diluted earnings per share were $0.59, and net interest income was $144.0 million. The Company's Q1 2018 results produced an annualized return on average assets of 1.35% and an annualized return on average equity of 7.65%. See the free research coverage on UBSI at:
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