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News Breaks
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October 27, 2009
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| 20:59 EDT |  | HCBK |
| theflyonthewall.com: | Barron's suggests investors should consider moving into Hudson City Bancorp | | Hudson City's Bancorp (HCBK) strategy of making conservative mortgage loans paid off, leaving it cash-rich and able to take market share from competitors in a difficult banking environment. Sandler O'Neill analyst Mark Fitzgibbon says, "It's one of the best run banks in the country, and you can see that in their performance metrics, even in the worst of times." "They're still [turning out] returns on average equity in excess of 10%, and their 19% efficiency ratio is the lowest in the industry." Still, while Hudson City didn't suffer from the steep losses of its peers in the depths of the recession, its shares haven't been bid up in the latest rally. Trading at just 11 times 2010 earnings, Hudson City is scraping the bottom of its five-year range. The stock is also paying a hefty 4.5% dividend yield, supported by more than $600 million in cash. And though the bank has maintained its integrity during the downturn, it shouldn't be left behind the pack in the recovery. Reference Link :theflyonthewall.com |
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News For HCBK From The Last 14 Days Check below for free stories on HCBK the last two weeks.
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February 10, 2012
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| 06:32 EDT |  | HCBK |
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January 31, 2012
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| 07:01 EDT |  | HCBK |
| theflyonthewall.com: | Midcap Banks downgraded to In-Line from Accumulate at Morgan Stanley | | Morgan Stanley downgraded the Midcap Bank sector due to valuations and lower asset yields. Note the firm downgraded TCF Financial (TCB) to Equal-Weight from Overweight. :theflyonthewall.com |
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