May 16, 2013 at 10:55 AM EDT
Pre-Market Analysis on FNFG, PBCT, HCBK and CFFN
StockCall.com Provides Stock Research on First Niagara Financial Group Inc., People's United Financial Inc., Hudson City Bancorp Inc., and Capitol Federal Financial Inc.
New York City, New York -- (May 16, 2013)
The financial crisis had a significant impact on the savings and loans industry. Several savings and loans companies filed for bankruptcies before the crisis. The industry also saw a wave of consolidation. However, the savings and loans industry has emerged stronger from the crisis, with robust balance sheets. The biggest concern for savings and loans companies at the moment is record low interest rates which are putting pressure on their margins. On Wednesday, shares of savings and loans companies ended mostly higher, tracking gains in the broad market which closed at record high levels. Among the major movers were First Niagara Financial Group (NASDAQ: FNFG), People’s United Financial Inc. (NASDAQ: PBCT), Hudson City Bancorp Inc. (NASDAQ: HCBK) and Capitol Federal Financial Inc. (NASDAQ: CFFN). StockCall has posted free technicalresearch on FNFG, PBCT, HCBK, and CFFN which can be downloaded upon sign up at
First Niagara Financial Group is trading above its long-term moving average price, indicating a bullish trend. It also closed its latest trading session at $9.94, up 1.17 percent. The stock made an upward movement with below average volume of 3.98 million shares. The bank’s stock trades at Price/Earnings ratio of 23.69, in-line with its industry average. This makes the stock a fairly priced proposition. Additionally, the stock provided good return to its shareholders as it appreciated 26.46 percent this year. First Niagara Financial’s stock also gained 15.11 percent in the past 52 weeks. Sign up and read the complimentary report on FNFG at
People’s United Financial Inc. is currently trading in overbought territory with its Relative Strength Index at 68.70. Consequently, the stock may see some pullback in the coming sessions. It closed Wednesday’s session at $13.84, up 1.76 percent. The stock is currently in a bullish mode and may touch $13.87 level in the coming days. Upon breaching this level, the stock’s next support price is at $13.68. Stock of PBCT has low volatility with its beta at 0.33. So far in 2013, the stock appreciated 15.62 percent. Its 52 weeks gain stands at 15.05 percent. The stock has traded in the range of $11.20 and $13.85 during the said time period. The free report on PBCT can be downloaded by signing up now at
Hudson City Bancorp Inc. closed its latest trading session at $8.62, up 0.70 percent from its previous close. The stock traded in the range of $8.50 and $8.69 in the session and traded 1.62 million shares. It is likely to face its first resistance level at $8.65 and upon breaching this level the stock may go up to $8.71. On the downside, the company may tumble to $8.53 level. The stock has low volatility as it sports beta of 0.86. Thus far in the year, it declined 7.21 percent whereas in the past 52 weeks it gained 33.23 percent of its value. The stock is in a bullish mode. Free report on HCBK can be accessed by registering at
Capitol Federal Financial Inc.’s stock is up 2.22 percent on a YTD basis, despite its 0.25 percent decline in the previous trading session. The stock closed at $11.97 after trading in the range of $11.93 and $12.00. The stock shows a neutral streak and may touch $11.97 level. Its second resistance level is at $11.99. It traded 417,575 million shares during the session, down from its average trading volume of 594,098 shares. Capitol Federal Financial grew 0.34 percent in the past 52 weeks, but the stock has shown some recovery hitherto in 2013. It is currently trading above its short-term moving average price of $11.88.Register withStockCall and download the research on CFFN for free at
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William T. Knight
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