NEW YORK, March 9, 2017 /PRNewswire/ --
Today's research shifts the focus of Stock-Callers.com on IBERIABANK Corp. (NASDAQ: IBKC), Texas Capital Bancshares Inc. (NASDAQ: TCBI), Cullen/Frost Bankers Inc. (NYSE: CFR), and Prosperity Bancshares Inc. (NYSE: PB). These companies are part of the Financials sector, which turned mixed in late trade on Wednesday, March 08th, 2017, with the NYSE Financials Sector Index declining 0.1%, giving back earlier gains, while Financials companies in the S&P 500 Index were climbing nearly 0.2% just before the closing bell. Register now and get full and free access to our downloadable research reports on these stocks at:
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IBERIABANK
Lafayette, Louisiana headquartered IBERIABANK Corp.'s stock finished Wednesday's session 1.64% lower at $81.00. A total volume of 840,103 shares was traded, which was above their three months average volume of 479,460 shares. The Company's shares are trading 13.03% above their 200-day moving average. Additionally, 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 37.66.
On March 01st, 2017, research firm Piper Jaffray downgraded the Company's stock rating from 'Overweight' to 'Neutral'.
On March 07th, 2017, IBERIABANK announced the closing of its underwritten public offering of 6,100,000 shares of its common stock at a price to the public of $83.00 per share, for gross proceeds to the Company of approximately $506.3 million. The Company intends to use the proceeds of the offering to fund a portion of the approximately $803 million in cash consideration payable in connection with its announced acquisition of Sabadell United Bank, N.A., a wholly owned subsidiary of Banco de Sabadell, S.A., and to pay related fees and expenses. Access our complete research report on IBKC for free at:
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Texas Capital Bancshares
On Wednesday, shares in Dallas, Texas headquartered Texas Capital Bancshares Inc. recorded a trading volume of 470,878 shares, which was higher than their three months average volume of 466,030 shares. The stock ended the session 1.84% lower at $88.05. The Company's shares have advanced 3.59% in the last one month, 18.75% in the previous three months, and 12.31% on an YTD basis. The stock is trading 5.69% above its 50-day moving average and 40.14% above its 200-day moving average. Moreover, 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 53.12.
On January 30th, 2017, Texas Capital declared a cash dividend of $0.40625 per share of the non-cumulative perpetual preferred stock, Series A. The Series A Preferred Stock dividend is payable on March 15th, 2017, to shareholders of record at the close of business on March 01st, 2017. The complimentary research report on TCBI can be downloaded at:
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Cullen/Frost Bankers
San Antonio, Texas headquartered Cullen/Frost Bankers Inc.'s shares closed the day 1.18% lower at $91.78. The stock recorded a trading volume of 459,419 shares. The Company's shares have gained 3.88% in the last month, 8.84% over the previous three months, and 4.63% on an YTD basis. The stock is trading 2.23% and 21.11% above its 50-day and 200-day moving averages, respectively. Additionally, 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 50.03.
On January 26th, 2017, the Cullen/Frost Bankers' board of directors declared a Q1 cash dividend of $.54 per common share. The dividend is payable March 15th, 2017, to shareholders of record on February 28th, 2017. Register for free on Stock-Callers.com and get access to the latest PDF format report on CFR at:
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Prosperity Bancshares
Shares in Houston, Texas-based Prosperity Bancshares Inc. finished 1.62% lower at $73.70. The stock recorded a trading volume of 347,468 shares. The Company's shares have advanced 2.04% in the last one month, 8.20% in the previous three months, and 2.67% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 0.55% and 22.91%, respectively. Furthermore, shares of Prosperity Bancshares, which operates as bank holding company for the Prosperity Bank that provides a range of financial products and services to small and medium-sized businesses, and consumers, have an RSI of 47.80.
On January 25th, 2017, Prosperity Bancshares reported net income for the quarter ended December 31st, 2016, of $68.793 million, or $0.99 per diluted common share. Additionally, the Company's non-performing assets remain low at 0.25% of Q4 average earning assets. Download your free research report on PB at:
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