On May 7, 2014, Investors Bancorp, Inc. (NASDAQ:ISBC), an existing Delaware corporation, and New Investors Bancorp, Inc. (“New Investors Bancorp”), the proposed holding company for Investors Bank, announced the completion of its conversion from the mutual holding company structure and related public offering. Investors Bank is now 100% owned by New Investors Bancorp and New Investors Bancorp is 100% owned by public stockholders. New Investors Bancorp sold a total of 219,580,695 shares of common stock at a purchase price of $10.00 per share in the offering. In connection with the completion of the conversion and stock offering, New Investors Bancorp changed its corporate name to Investors Bancorp, Inc. Investors Bancorp, Inc. (NASDAQ:ISBC) net profit margin is 25.50% and weekly performance is 1.11%. On last trading day company shares ended up $10.92. Analysts mean target price for the company is $11.05. Investors Bancorp, Inc. (NASDAQ:ISBC) distance from 50-day simple moving average (SMA50) is 3.48%.
On May 5, Northwest Bancshares, Inc. (NASDAQ:NWBI) ranks highest in customer satisfaction in the Mid-Atlantic Region, according to the J.D. Power 2014 U.S. Retail Banking Satisfaction Study. The study, conducted quarterly from April 2013 to January 2014, analyzes the overall satisfaction customers have with their retail banking experience based on account activities, account information, facility, fees, problem resolution and product offering. Northwest received the highest satisfaction score in the Mid-Atlantic Region, which includes Pennsylvania, New York, New Jersey, Delaware, Maryland, Virginia and Washington, D.C. Northwest Savings Bank was also ranked highest from 2010-2012.Northwest Bancshares, Inc. (NASDAQ:NWBI) shares advanced 0.37% in last trading session and ended the day on $13.59. NWBI return on assets is 0.80%. Northwest Bancshares, Inc. (NASDAQ:NWBI) quarterly performance is 1.87%.
On June 1, 2014, Astoria Federal Savings, a wholly-owned subsidiary of and the second largest community bank headquartered in New York, announced that it officially changed its name to Astoria Bank. Astoria Financial Corp (NYSE:AF) shares moved up 1.13% in last trading session and was closed at $13.40, while trading in range of $13.16 – $13.44. Astoria Financial Corp (NYSE:AF) year to date (YTD) performance is -2.55%.
Investment analysts at Guggenheim started coverage on shares of Sterling Bancorp (NYSE:STL) in a note issued to investors on Friday. The firm set a “buy” rating on the stock. Sterling Bancorp (NYSE:STL) ended the last trading day at $11.91. Company weekly volatility is calculated as 2.82% and price to cash ratio as 4.57. Sterling Bancorp (NYSE:STL) showed a positive weekly performance of 5.12%.
On May 22, 2014, The Dime Savings Bank of Williamsburgh, the wholly-owned subsidiary of Dime Community Bancshares, Inc. (NASDAQ:DCOM) reported the launch of its new mobile banking product, Dime Mobile Banking, which allows users to pay bills, transfer funds, and check on account status from the convenience of their smartphone. In addition, the mobile deposit capability allows users to photograph their checks and then transmit the deposit to the bank through their mobile device. Dime Community Bancshares, Inc. (NASDAQ:DCOM) shares moved up 1.29% in last trading session and was closed at $15.66, while trading in range of $15.49 – $51.71. Dime Community Bancshares, Inc. (NASDAQ:DCOM) year to date (YTD) performance is -5.83%.
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