Saving & Loans: Ocwen Financial (NYSE:OCN), BBX Capital Corp (NYSE:BBX), People’s United Financial (NASDAQ:PBCT), Hudson City Bancorp (NASDAQ:HCBK)
A number of firms have recently commented on OCN. Analysts at Zacks upgraded shares of Ocwen Financial Corp from an “underperform” rating to a “neutral” rating in a research note on Tuesday, February 18th. They now have a $40.00 price target on the stock. Separately, analysts at Sterne Agee reiterated a “buy” rating on shares of Ocwen Financial Corp in a research note on Wednesday, February 12th. They now have a $65.00 price target on the stock. Finally, analysts at Compass Point upgraded shares of Ocwen Financial Corp from a “neutral” rating to a “buy” rating in a research note on Thursday, February 6th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Ocwen Financial Corp presently has an average rating of “Buy” and a consensus price target of $56.20. Ocwen Financial Corp (NYSE:OCN) stock opened at $36.60 in last session, and closed at $38.47, while the day range of OCN stock is $34.57-$38.60.The stock showed a positive weekly performance of 7.94%.
The US District Court for the Southern District of Florida recently refused to reconsider its earlier decision granting partial summary judgment in favor of the Securities and Exchange Commission in a securities fraud case against BankAtlantic Bancorp, Inc. The SEC alleged that BankAtlantic Bancorp, Inc., now known as BBX Capital Corporation (BBX or Bank), failed to disclose problems with its commercial real estate portfolio. After the court granted summary judgment in favor of the SEC on the issue of falsity, BBX moved for reconsideration. BBX Capital Corp (NYSE:BBX) stock opened at $18.48, in last session and closed at $20.01, by gained 10.01%.The 52 week range was $7.80-$20.32.Company’s market capitalization is $319.62 million.
People’s United Bank is a subsidiary of People’s United Financial, Inc., a diversified financial services company with $33 billion in assets. People’s United Bank, founded in 1842, is a premier, community-based, regional bank in the Northeast offering commercial and retail banking, as well as wealth management services through a network of 410 branches in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine. People’s United Financial, Inc. (NASDAQ:PBCT) stock gained 0.57% and finished the last session at $14.22. The EPS of the stock remained 0.74.Company’s market capitalization is $4.36 billion.
Hudson City Bancorp (NASDAQ:HCBK) posted its quarterly earnings results on Wednesday. The Hudson City Bancorp (NASDAQ:HCBK) reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02, American Banking and Market News reports. During the same quarter in the previous year, the company posted $0.10 earnings per share. Hudson City Bancorp, Inc. (NASDAQ:HCBK) stock opened the session at $9.35, and closed the session at $9.38.The 52 week range of the HCBK stock remained $7.67-$9.79 and the day range was $9.25-$9.39.