Zions Bancorporation (NASDAQ:ZION) has been an indicator of the financial inconsistency that banks find themselves in time and again. Over confident about their ability to be able to tide over times they tend to flirt with their risk appetites to a level which leaves them sick and in the process upsets the apple carts of many investors. Zions Bancorporation (NASDAQ:ZION) shares after opening at $29.95 moved to $30.52 on last trade day and at the end of the day closed at $30.29. Company price to sales ratio in past twelve months was calculated as 2.87 and price to cash ratio as 0.53.Zions Bancorporation (NASDAQ:ZION) showed a negative weekly performance of -3.04%.
Umpqua Holdings Corp (NASDAQ:UMPQ) is a financial holding company. Umpqua has two principal operating subsidiaries, Umpqua Bank (the Bank) and Umpqua Investments, Inc. (Umpqua Investments). The Bank is primarily engaged in the business of commercial and retail banking and the delivery of retail brokerage services. Umpqua Holdings Corp (NASDAQ:UMPQ) shares advanced 0.33% in last trading session and ended the day on $18.04. UMPQ return on equity ratio is recorded as 5.70% and its return on assets is 0.80%. Umpqua Holdings Corp (NASDAQ:UMPQ) yearly performance is 40.94%.
PacWest Bancorp (NASDAQ:PACW) provided an update on the expected timing for closing of their merger. PacWest and CapitalSource have received the requisite approvals from the Federal Deposit Insurance Corporation and the California Department of Business Oversight and expect to consummate the transaction promptly following receipt of the requisite approval of the Board of Governors of the Federal Reserve System. The Federal Reserve Board approval does not require a 15 day waiting period before the merger can be closed. PacWest and CapitalSource do not currently expect to receive Federal Reserve Board approval in time to complete the merger on April 1, as previously disclosed. The parties have no reason to believe, however, that Federal Reserve Board approval will not be received in the near term. Once the Federal Reserve Board approval is received, the companies will announce that event and the closing date of the merger. PacWest Bancorp (NASDAQ:PACW) shares moved up 0.43% in last trading session and was closed at $41.89, while trading in range of $41.52-$42.58. PacWest Bancorp (NASDAQ:PACW) year to date performance is -0.14%.
Feb. 21, 2014 Cathay General Bancorp (NASDAQ:CATY)announced that on February 20, 2014, its Board of Directors declared a cash dividend of five cent per common share payable on March 13, 2014, to stockholders of record at the close of business on March 3, 2014. Cathay General Bancorp (NASDAQ:CATY) weekly performance is -5.95%. On last trading day company shares ended up $24.52. Cathay General Bancorp (NASDAQ:CATY) distance from 50-day simple moving average is -1.02%. Analysts mean target price for the company is $27.86.
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