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Last $10.00 USD
Change Today -0.11 / -1.09%
Volume 2.1M
HCBK On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

hudson city bancorp inc (HCBK) Snapshot

Open
$10.09
Previous Close
$10.11
Day High
$10.12
Day Low
$9.93
52 Week High
03/23/15 - $10.77
52 Week Low
10/16/14 - $8.53
Market Cap
5.3B
Average Volume 10 Days
2.3M
EPS TTM
$0.24
Shares Outstanding
529.5M
EX-Date
05/8/15
P/E TM
41.7x
Dividend
--
Dividend Yield
1.20%
Current Stock Chart for HUDSON CITY BANCORP INC (HCBK)

hudson city bancorp inc (HCBK) Related Businessweek News

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hudson city bancorp inc (HCBK) Details

Hudson City Bancorp, Inc. operates as the holding company of Hudson City Savings Bank that provides various banking products and services in the United States. Its deposit products include passbook and statement savings accounts, interest-bearing transaction accounts, checking accounts, money market accounts, and time deposits, as well as IRA accounts and qualified retirement plans. The company’s loan portfolio comprises one-to four-family residential first mortgage loans; multi-family and commercial mortgage loans; construction loans; consumer loans consisting of fixed-rate second mortgage loans and home equity credit lines; and other loans, including collateralized passbook loans, overdraft protection loans, unsecured personal loans, and secured and unsecured commercial lines of credit. It also provides Internet banking services. As of February 27, 2015, the company operated 135 banking offices in the New York metropolitan and surrounding areas. Hudson City Bancorp, Inc. was founded in 1868 and is based in Paramus, New Jersey.

1,498 Employees
Last Reported Date: 05/8/15
Founded in 1868

hudson city bancorp inc (HCBK) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $1.1M
President, Chief Operating Officer, President...
Total Annual Compensation: $583.3K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $507.7K
Chief Risk Officer, Executive Vice President,...
Total Annual Compensation: $454.4K
Chief Lending Officer, Executive Vice Preside...
Total Annual Compensation: $453.1K
Compensation as of Fiscal Year 2014.

hudson city bancorp inc (HCBK) Key Developments

Hudson City Bancorp, Inc. Appoints Francesco Rossi as New Principal Accounting Officer

On May 19, 2015, the Board of Directors of Hudson City Bancorp, Inc. designated Francesco Rossi, First Vice President, as the Company's new principal accounting officer, effective immediately. Anthony J. Fabiano, who was promoted to President of the Company on September 16, 2014, previously served as the Company's principal accounting officer. Mr. Rossi, age 39, has served as First Vice President, Finance of Hudson City Savings Bank and the Company since January 2011. He previously served as Vice President, Finance of the Bank and the Company from August 2006 to December 2010.

Hudson City Bancorp, Inc. Does Not Declare Dividend for the First Quarter of 2015

Hudson City Bancorp, Inc. announced that its board did not declare a dividend for the first quarter 2015 after considering the level of earnings, the importance of paying dividends out of current earnings, and the regulatory evaluation of any dividend request.

Hudson City Bancorp, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Net Charge-Offs for the First Quarter of 2015

Hudson City Bancorp, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total interest and dividend income of $217,288,000 against $312,539,000 a year ago. Net interest income was $75,628,000 against $132,336,000 a year ago. Income before income tax expense was $9,610,000 against $70,381,000 a year ago. Net income was $5,890,000 or $0.01 per share diluted against $42,521,000 or $0.09 per share diluted a year ago. Book value per share was $9.56 against $9.60 a year ago. Tangible book value per share was $9.25 against $9.29 a year ago. Total interest and dividend income for the first quarter of 2015 decreased $61.6 million, or 19.7%, to $250.9 million from $312.5 million for the first quarter of 2014. The decrease in total interest and dividend income was due to a $1.98 billion decrease in the average balance of total interest-earning assets during the first quarter of 2015 to $35.52 billion from $37.50 billion for the first quarter of 2014 as well as a decrease in the annualized weighted-average yield on total interest earning assets. Return on average assets was 0.06% for the 2015 first quarter as compared to 0.44% and return on average equity was 0.49% compared to 3.55% for the last year. For the quarter, the company reported net charge-offs of $4.8 million against $10.4 million a year ago.

 

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Industry Analysis

HCBK

Industry Average

Valuation HCBK Industry Range
Price/Earnings 41.4x
Price/Sales 10.2x
Price/Book 1.0x
Price/Cash Flow 43.6x
TEV/Sales NM Not Meaningful
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