NEW YORK, April 23, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding
Umpqua Holdings Corp. (NASDAQ: UMPQ), U.S. Bancorp (NYSE: USB),
Senior Housing Properties Trust (NYSE: SNH), SunTrust Banks Inc.
(NYSE: STI) and HCP Inc. (NYSE: HCP). Private wealth members
receive these notes ahead of publication. To reserve complementary
membership, limited openings are available at:
http://www.analystsreview.com/1476-100free.
--
Umpqua Holdings Corp. Analyst Notes
On April 18, 2014, Umpqua Holdings
Corp. (Umpqua) announced it has
completed the merger of Spokane-based Sterling Financial
Corporation (Sterling) with itself, thus creating the West Coast's
largest community bank. The new company will operate under as
Umpqua Holdings Corporation and will conduct banking operations
under the Umpqua Bank name and brand. With this merger,
Umpqua now holds approximately
$22 billion in assets, $15 billion in loans and $16 billion in deposits, with 5,000 associates
and 394 stores spread in five states - Oregon, Washington, Idaho, California and Nevada. According to Umpqua, Ray
Davis will continue to lead as the President and CEO of
Umpqua Holdings Corporation. Post
this transaction, Umpqua's
existing shareholders are expected to own approximately 51% of the
outstanding shares of the combined entity, while the Sterling
shareholders will hold the remaining 49%. The full analyst notes
on Umpqua are available to
download free of charge at:
http://www.analystsreview.com/1476-UMPQ-23Apr2014.pdf
--
U.S. Bancorp Analyst Notes
On April 18, 2014, U.S. Bancorp (U.S.
Bancorp) announced that certain closed-end funds, which are advised
by U.S. Bancorp Asset Management, Inc., have declared their
May 2014 distributions, to be
allocated on a per-share basis on the common stock. The
distributions declared were: $0.0575
per share on American Strategic Income Portfolio, $0.0475 per share on American Strategic Income
Portfolio II, $0.0425 per share on
American Strategic Income Portfolio III, $0.0600 per share on American Select Portfolio,
$0.0400 per share on American Income
Fund, $0.0800 per share on American
Municipal Income Portfolio, $0.0740
per share on Minnesota Municipal Income Portfolio, and $0.0625 per share on Minnesota Municipal Income
Fund II. The Company informed that the distributions have an
ex-dividend date of May 1, 2014 and
will be paid on May 21, 2014 to
shareholders of record on May 5,
2014. The full analyst notes on U.S. Bancorp are
available to download free of charge at:
http://www.analystsreview.com/1476-USB-23Apr2014.pdf
--
Senior Housing Properties Trust Analyst Notes
On April 17, 2014, Senior Housing
Properties Trust (SNH) announced that it has priced the public
offering of its 13.5 million common shares at a price of
$21.75 per share to the public. SNH
plans to use the proceeds from this offering to repay the
outstanding amount on its revolving credit facility and for general
business purposes, including funding, in part, the pending
acquisition of two biotech medical office buildings in Boston. In a separate press release issued
that same day, the Company informed that underwriters of its
offering have exercised, in full, their option to purchase an
additional nearly 2 million common shares. SNH expects to close the
offer on April 23, 2014. The full
analyst notes on SNH are available to download free of charge
at:
http://www.analystsreview.com/1476-SNH-23Apr2014.pdf
--
SunTrust Banks Inc. Analyst Notes
On April 21, 2014, SunTrust Banks
Inc. (SunTrust) released its Q1 2014 results. SunTrust's net income
during the quarter increased to $0.73
per diluted share from $0.63 per
diluted share in Q1 2013, surpassing the market expectations on
back of sharp decline in provisions for credit losses, though
partially offset by drop in revenues. On average, analysts polled
by Bloomberg expected the Company to report an adjusted diluted EPS
of $0.66. The provisions for credit
losses dropped 51.9% to $102 million
during the quarter. However, weighed down by decline in both the
net interest income and non-interest income, the revenues of
SunTrust came in at $2.0 billion,
down 4.0% YoY. Asset quality of the Company improved as the ratio
of Nonperforming loans to total loans declined to 0.72% at
March 31, 2014 from 1.21% at
March 31, 2013. The stock gained
1.48% to end the session at $38.51.
The full analyst notes on SunTrust are available to
download free of charge at:
http://www.analystsreview.com/1476-STI-23Apr2014.pdf
--
HCP Inc. Analyst Notes
On April 8, 2014, HCP Inc. (HCP)
announced that the Company plans to release its Q1 2014 earnings
result on May 6, 2014, before the
start of trading on the New York Stock Exchange. Following the
earnings release, the Company will host a conference call and
webcast at 9:00 a.m. PT (12:00 p.m. ET) to discuss the results. According
to Zacks Investment Research, the consensus EPS forecast for Q1
2014 is $0.74. The full analyst
notes on HCP are available to download free of charge at:
http://www.analystsreview.com/1476-HCP-23Apr2014.pdf
--
About Analysts Review
We do things differently. Our goal is to provide the best content
to our exclusive membership. We are constantly hiring researchers,
writers, editors and analysts to add to our team and become better
than yesterday. If being a part of a fast growing community with an
edge in today's market sounds interesting to you, then sign-up
today and experience the full benefits of membership.
===============
EDITOR'S NOTES:
===============
1. This is not company news. We are an independent source and our
views do not reflect the companies mentioned.
2. Information in this release is fact checked and produced on a
best efforts basis and reviewed by Namrata
Maheshwari, a CFA charterholder. However, we are only human
and are prone to make mistakes. If you notice any errors or
omissions, please notify us below.
3. This information is submitted as a net-positive to companies
mentioned, to increase awareness for mentioned companies to our
subscriber base and the investing public.
4. If you wish to have your company covered in more detail by our
team, or wish to learn more about our services, please contact us
at pubco [at] http://www.analystsreview.com.
5. For any urgent concerns or inquiries, please contact us at
compliance [at] http://www.analystsreview.com.
6. Are you a public company? Would you like to see similar coverage
on your company? Send us a full investors' package to research [at]
http://www.analystsreview.com for consideration.
COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis.
This document, article or report is prepared and authored by
Analysts Review. An outsourced research services provider
represented by Namrata Maheshwari,
CFA, has only reviewed the information provided by Analysts Review
in this article or report according to the procedures outlined by
Analysts Review. Analysts Review is not entitled to veto or
interfere in the application of such procedures by the outsourced
provider to the articles, documents or reports, as the case may
be.
NOT FINANCIAL ADVICE
Analysts Review makes no warranty, expressed or implied, as to the
accuracy or completeness or fitness for a purpose (investment or
otherwise), of the information provided in this document. This
information is not to be construed as personal financial advice.
Readers are encouraged to consult their personal financial advisor
before making any decisions to buy, sell or hold any securities
mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Analysts Review is not responsible for any error which may be
occasioned at the time of printing of this document or any error,
mistake or shortcoming. No liability is accepted by Analysts Review
whatsoever for any direct, indirect or consequential loss arising
from the use of this document. Analysts Review expressly disclaims
any fiduciary responsibility or liability for any consequences,
financial or otherwise arising from any reliance placed on the
information in this document. Analysts Review does not (1)
guarantee the accuracy, timeliness, completeness or correct
sequencing of the information, or (2) warrant any results from use
of the information. The included information is subject to change
without notice.
CFA® and Chartered Financial Analyst® are registered trademarks
owned by CFA Institute.
SOURCE Analysts Review