Aposta do mês - Hudson City Bancorp (HCBK) - Março

[Paff]

*** RESULTADOS RECORDE E AUMENTO DE DIVIDENDOS***

PARAMUS, N.J., April 22, 2008 /PRNewswire-FirstCall via COMTEX/ -- Hudson City Bancorp, Inc. (HCBK, Trade), the holding company for Hudson City Savings Bank, reported today that net income for the first quarter of 2008 increased 24.6% to $88.7 million as compared to $71.2 million for the first quarter of 2007. Diluted earnings per share increased 38.5% to $0.18 for the first quarter of 2008 as compared to $0.13 for the first quarter of 2007. The Board of Directors declared a quarterly cash dividend of $0.11 per share, a 22% increase as compared to $0.09 per share from the prior quarter.

A statement from Ronald E. Hermance, Jr., Chairman, President and Chief Executive Officer, regarding the first quarter's results, is attached to this press release and is incorporated herein by reference.


    Financial highlights for the first quarter of 2008 are as follows: 
    -- Basic and diluted earnings per common share were both $0.18 for the 
       first quarter of 2008 as compared to $0.14 and $0.13 for the first 
       quarter of 2007. 
    -- The Board of Directors declared a quarterly cash dividend of $0.11 per 
       common share payable on May 31, 2008 to shareholders of record at the 
       close of business on May 9, 2008. 
    -- Net income amounted to $88.7 million for the first quarter of 2008, as 
       compared to $71.2 million for the first quarter of 2007. 
    -- Net interest income increased 23.5% to $193.3 million for the first 
       quarter of 2008 as compared to $156.5 million for the first quarter of 
       2007. 
    -- Our annualized return on average assets and annualized return on 
       average shareholders' equity for the first quarter of 2008 were 0.79% 
       and 7.60%, respectively, as compared to 0.78% and 5.80%, respectively, 
       for the first quarter of 2007. 
    -- Our net interest rate spread and net interest margin were 1.27% and 
       1.72%, respectively, for the first quarter of 2008 as compared to 1.10% 
       and 1.70%, respectively, for the first quarter of 2007. 
    -- Our efficiency ratio was 24.66% for the first quarter of 2008 compared 
       with 26.01% for the first quarter of 2007. 
    -- Net loans increased $702.1 million to $24.90 billion at March 31, 2008 
       from $24.20 billion at December 31, 2007.  Commitments to originate and 
       purchase loans amounted to $1.70 billion at March 31, 2008 as compared 
       to $867.3 million at December 31, 2007. 
    -- Deposits increased $923.7 million to $16.08 billion at March 31, 2008 
       from $15.15 billion at December 31, 2007. 
    -- Borrowed funds increased $1.09 billion to $25.23 billion at March 31, 
       2008 from $24.14 billion at December 31, 2007. 

[SexPistolsPT]

Procurei pelo titulo no Indice Nasdaq 100 e não o encontrei. Onde o posso encontrar? Obrigado.

[Paff]

Boa noite,

Deixo-vos um link com a entevista do CEO do HCBK ao Jim Cramer, feita há cerca de 2 horas. Os excelentes resultados são confirmados e as perspectivas para o resto do ano são ainda mais animadoras. Destaco o crescimento trimestral de 78% de aplicações hipotecárias em relação ao mesmo trimestre do ano anterior. Acho que já nem vale a pena referir que o resto das financials debatem-se com writedowns destas mesmas aplicações, ao passo que aqui elas crescem. Uma boa gestão acaba por compensar.

http://www.cnbc.com/id/24257275

Paff.

[Paff]

Viva,

Uma vez mais a HCBK continua a demonstrar uma resiliência notável num mercado terrível, em especial para o sector financeiro.

Fica uma notícia, que embora em inglês, fácilmente reflecte mais um trimestre de recorde de resultados. Na minha opinião, só não se tem assistido a uma subida mais abrupta da cotação devido às constantes dúvidas no dia-a-dia das financeiras norte-americanas. Suponho que seja apenas uma questão de tempo, até que essa subida se concretize.

Obrigado pela vossa atenção,

Paff

PARAMUS, N.J., July 23, 2008 /PRNewswire-FirstCall via COMTEX/

-- Hudson City Bancorp, Inc. (HCBK, Trade), the holding company for Hudson City Savings Bank, reported today that net income for the second quarter of 2008 increased 52.3% to $110.7 million as compared to $72.7 million for the second quarter of 2007. Diluted earnings per share increased 57.1% to $0.22 for the second quarter of 2008 as compared to $0.14 for the second quarter of 2007. For the six months ended June 30, 2008, net income increased 38.6% to $199.4 million as compared to $143.9 million for the same period in 2007. Diluted earnings per share increased 42.9% to $0.40 for the six months ended June 30, 2008 as compared to $0.28 for the same period in 2007. The Board of Directors declared a quarterly cash dividend of $0.12 per share, an increase of 50% since the second quarter of 2007.

Ronald E. Hermance, Jr., Chairman, President and Chief Executive Officer, commented, "Our business model and the current interest rate environment continue to provide Hudson City with record earnings in the most difficult financial and credit markets in decades. Our diluted earnings per share for the second quarter of 2008 increased 57% from the second quarter of 2007. Our earnings growth is due primarily to a steeper yield curve that has allowed us to lower deposit rates while mortgage yields have remained stable. As a result, our net interest margin has increased to 1.97% for the second quarter of 2008 from 1.72% for the first quarter of 2008 and 1.64% for the fourth quarter of 2007. Net income for the second quarter of 2008 increased 52% as compared to the second quarter of 2007 and is more than the net income for the full year of 1999 - the year we completed our first public offering. These results have allowed us to increase our quarterly cash dividend 50% since the second quarter of 2007."

Mr. Hermance continued, "We continued to grow our balance sheet during the first six months of 2008, increasing our total assets 10.7% to $49.16 billion at June 30, 2008. Our loan portfolio has grown 12.6% since December 31, 2007 to $27.23 billion at June 30, 2008. Mortgage loan applications received through July 21, 2008 have surpassed the application volume for the full calendar year of 2007, which itself was a record year for us. Approximately 49% of these applications are for home purchases and 51% are for the refinancing of mortgages held by other banks. As always, substantially all of our loan production consists of high quality mortgages for owner-occupied residential properties. The average loan-to-value of our 2008 originations is 61%. As always, we do not offer sub-prime loans, negative amortization loans or loans with high loan-to-value ratios without private mortgage insurance. Since we keep all of the loans that we originate in our portfolio, our ability to originate loans is largely unaffected by the turmoil in the secondary mortgage markets. In fact our strong capital and liquidity position allows us to take advantage of a market in turmoil since many of our competitors have liquidity or capital constraints and have reduced their lending operations."

Mr. Hermance further commented, "While economic conditions and the housing markets have shown further weakening, our asset quality remains strong. Non- performing loans were $116.3 million or 0.43% of total loans at June 30, 2008. While non-performing loans have increased in recent quarters, our strict underwriting guidelines have helped to moderate loan charge-offs which amounted to $694,000 for the second quarter of 2008. In addition, we invest in mortgage-backed securities and debt securities issued by government- sponsored enterprises. We do not, however, own any common or preferred stock issued by FNMA or FreddieMac."

"We are also proud to have grown deposits by 17.8% for the twelve months ended June 30, 2008. We did this organically and in a declining rate environment. So far this year, we have opened 4 new branches and anticipate opening 4 more in the second half of 2008," Mr. Hermance added.

Financial highlights for the second quarter of 2008 are as follows:

-- Basic and diluted earnings per common share were $0.23 and $0.22, respectively, for the second quarter of 2008 as compared to $0.14 for both basic and diluted earnings per share for the second quarter of 2007. Basic and diluted earnings per common share were $0.41 and $0.40, respectively for the first six months of 2008 and $0.28 for both basic and diluted earnings per share for the same period in 2007.

-- The Board of Directors declared an increased quarterly cash dividend of $0.12 per common share payable on August 29, 2008 to stockholders of record at the close of business on August 11, 2008.

-- Net income amounted to $110.7 million for the second quarter of 2008, as compared to $72.7 million for the second quarter of 2007. For the six months ended June 30, 2008, net income amounted to $199.4 million as compared to $143.9 million for the same period in 2007.

-- Net interest income increased 47.8% to $233.1 million for the second quarter of 2008 and 35.8% to $426.4 million for the six months ended June 30, 2008.

-- Our annualized return on average assets and annualized return on average shareholders' equity for the second quarter of 2008 were 0.93% and 9.27%, respectively. Our annualized return on average assets and annualized return on average shareholders' equity for the six months ended June 30, 2008 were 0.86% and 8.44%, respectively.

-- Our net interest rate spread and net interest margin were 1.56% and 1.97%, respectively, for the second quarter of 2008 and 1.42% and 1.85%, respectively, for the first six months of 2008.

-- Our efficiency ratio was 20.52% for the second quarter of 2008 and 22.40% for the first six months of 2008.

-- Net loans increased $3.04 billion to $27.24 billion at June 30, 2008 from $24.20 billion at December 31, 2007.

-- Deposits increased $1.57 billion to $16.72 billion at June 30, 2008 from $15.15 billion at December 31, 2007.

-- Borrowed funds increased $3.34 billion to $27.48 billion at June 30, 2008 from $24.14 billion at December 31, 2007.

[Paff]

Viva,

É certo e sabido que uma andorinha não faz a primavera, e no meio desta tempestade siberiana, continua a haver uma entidade bancária (cotada no S&P 500) a fugir à ecatombe.

Mais um trimestre recorde, mais uma subida trimestral de dividendos.

Paff
   
PARAMUS, N.J., Jan 21, 2009 /PRNewswire-FirstCall via COMTEX/ -- Quarterly Cash Dividend Increased To $0.14 Per Share

Fourth Quarter EPS Increased 56.3%

Hudson City Bancorp, Inc. (HCBK, Trade), the holding company for Hudson City Savings Bank, reported today that net income for the fourth quarter of 2008 increased 60.4% to $124.3 million, a record for Hudson City, as compared to $77.5 million for the fourth quarter of 2007. Diluted earnings per share increased 56.3% to $0.25 for the fourth quarter of 2008 as compared to $0.16 for the fourth quarter of 2007. For the year ended December 31, 2008, net income increased 50.6% to $445.6 million as compared to $295.9 million for 2007. Diluted earnings per share increased 55.2% to $0.90 for the year ended December 31, 2008 as compared to $0.58 for 2007. The Board of Directors declared an increase in the quarterly cash dividend to $0.14 per share, (dividend yield actual de 3,8%)(1)  an increase of 55.6% from the quarterly cash dividend of $0.09 declared for the fourth quarter of 2007.

Ronald E. Hermance, Jr., Chairman, President and Chief Executive Officer, commented, "These certainly are difficult economic times. At the very least, 2008 will be remembered as a year that saw our economy fall into a deep recession and a year that witnessed unprecedented turmoil and changes in the financial marketplace. Despite these unpleasant events, Hudson City is reporting record results. We continue to stand apart from our competitors as we never engaged in risky lending practices. We are delighted with our earnings in the fourth quarter of 2008, which increased 60% over the same quarter last year and our earnings for calendar 2008 increased over 50% from 2007. We reached other milestones in 2008 - our loan production in 2008 was a record for Hudson City as was our deposit growth. In addition, we increased our dividend in January 2009 for the 5th consecutive quarter and we have paid a cash dividend every quarter since our initial public offering in 1999. In fact, our dividends have grown at a compounded annual rate of over 59% since that time. These successes are due in large part to our continued focus on our business model as a conservative and efficient thrift. While our non-performing assets increased during 2008, our conservative underwriting principles have helped us to mitigate charge-offs which amounted to only $4.4 million in 2008."

Mr. Hermance continued, "In the fourth quarter of 2008, we grew deposits by $1.18 billion, capping a full year of deposit growth of $3.31 billion, as depositors looked for competitive rates and a bank with a strong capital position. We introduced our internet deposit product in December 2008 and although we have not yet fully implemented our marketing plan for this product, we have already taken in over $52 million of deposits through this channel. We are very excited about the prospects of increasing deposit funding nationally through the internet with the same competitive rates and brand our customers enjoy in our physical branch network. We believe that our retail branch network coupled with our internet deposit products will further enhance the value of our franchise."

Mr. Hermance further commented, "While we have grown at an annual compounded growth rate of over 20% since our 1999 offering, we recognize that our growth in 2009 may be affected by the current economic conditions. However, we believe that 2009 will present many opportunities for us. While mortgage rates have decreased for conforming loans, rates for our primary product, jumbo mortgage loans, should still provide attractive returns. We will remain competitive in the marketplace for these loans and we believe that the reduced number of lenders will continue to fuel our mortgage growth. We believe that the conditions in the financial markets may also provide us with an opportunity to repurchase our shares as an alternative to either growth or to available asset yields for securities we would normally purchase. In the fourth quarter we seized on market conditions to repurchase 900,000 shares of our common stock for the first time since January 2008. We currently have over 54 million shares available for repurchase under existing programs."

Mr. Hermance concluded, "In 2008, Hudson City was the best performing bank in the S&P 500 with a total return of 9.02%. Hudson City was also selected to be honored by the Foreign Policy Association for its 2008 Corporate Responsibility Award. Finally, Forbes added Hudson City to its Platinum 400 list of Best Big Companies in America and also named Hudson City the "Best-Managed Bank of 2008" for the second year in a row. I am proud of the hard work and success of our staff and humbled by the significance of these awards."

(1) Nota do autor

[peterpint]

Caríssimos, o Hudson City Bancorp está a levar pancada devido a "banking regulatory concerns".....?hmmm..

Paff, can u help, please?
Que novos regulamentos/regras terão saído ou prestes a saírem (entrarem em vigor) que venham a afectar este banco?
Já agora, sendo um savings bank, é tipo as cajas espanholas? ou idêntico ao Montepio (ideia original, leia-se)?

Por último, pedindo desculpa de antemão pelo abuso, achas que será um bom ponto de entrada?

Cumps
bn

Hudson City Bancorp, Inc. (NASDAQ:HCBK): Hudson City Bancorp, Inc. is a bank holding company. The Company, through its banking subsidiary, is a federally chartered stock savings bank that offers traditional deposit products, residential real estate mortgage loans and consumer loans. Hudson also purchase mortgages and mortgage-backed securities and other securities issued by U.S. government-sponsored enterprises. Shares are down over 8% to just under $10 per share today following banking regulatory concerns. The bank, based in Paramus, New Jersey, has $61 billion in total assets and is one of the largest U.S. thrifts to survive the 2008 financial crisis. Their conservative lending practices have been praised by critics of the financial crisis. Today's sell-off to a 52-week low might just be the buying opportunity of a lifetime for a company who pays a 5%+ annual dividend too.
http://wallstcheatsheet.com/trading/whats-moving-these-shares-march-2nd.html

Ps- não detenho qlqr posição neste título

[Paff]

Caríssimos, o Hudson City Bancorp está a levar pancada devido a "banking regulatory concerns".....?hmmm..

Paff, can u help, please?
Que novos regulamentos/regras terão saído ou prestes a saírem (entrarem em vigor) que venham a afectar este banco?
Já agora, sendo um savings bank, é tipo as cajas espanholas? ou idêntico ao Montepio (ideia original, leia-se)?

Por último, pedindo desculpa de antemão pelo abuso, achas que será um bom ponto de entrada?

Cumps
bn

Hudson City Bancorp, Inc. (NASDAQ:HCBK): Hudson City Bancorp, Inc. is a bank holding company. The Company, through its banking subsidiary, is a federally chartered stock savings bank that offers traditional deposit products, residential real estate mortgage loans and consumer loans. Hudson also purchase mortgages and mortgage-backed securities and other securities issued by U.S. government-sponsored enterprises. Shares are down over 8% to just under $10 per share today following banking regulatory concerns. The bank, based in Paramus, New Jersey, has $61 billion in total assets and is one of the largest U.S. thrifts to survive the 2008 financial crisis. Their conservative lending practices have been praised by critics of the financial crisis. Today's sell-off to a 52-week low might just be the buying opportunity of a lifetime for a company who pays a 5%+ annual dividend too.
http://wallstcheatsheet.com/trading/whats-moving-these-shares-march-2nd.html

Ps- não detenho qlqr posição neste título

Viva peterpint,

É sempre arriscado tentar entrar nestes momentos, em que a cotação cai desta forma. Se eu tivesse que entrar, fá-lo-ia mais próximo dos $8.50, isto é, em torno da cotação mínima aquando dos mínimos do S&P.

A HCBK está a sofrer com as baixas taxas de juro nos EUA, sendo que tal situação macroeconómica não se deverá manter por muito tempo. Por outro lado, trata-se de um banco seguro, com contas sólidas, que não embarcou nas cavalgadas do subprime. Dispõe também de uma equipa de gestão com provas dadas.

Uma outra questão que está a causar instabilidade neste sector relaciona-se com a situação da Fannie Mae e do Freedie Mac, e enquanto não se souber quais as exatas intenções da administração Obama sobre o destino a dar a estas entidades, persistirá esta situação.

Devo salientar que não tive tempo de fazer uma análise a fundo, e que estou no fundo a tecer uma opinião com base em informação incompleta. Espero contudo ter ajudado.

Cps,
Paff