Hudson Valley Holding Corp. Rating Lowered to Underperform at Zacks (HVB)
Hudson Valley Holding Corp. (NYSE:HVB) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Tuesday, Analyst Ratings.Net reports. They currently have a $17.40 price objective on the stock. Zacks‘ price objective indicates a potential upside of 2.72% from the stock’s previous close.
In other Hudson Valley Holding Corp. news, CFO Michael Indiveri acquired 5,425 shares of Hudson Valley Holding Corp. stock in a transaction dated Friday, January 31st. The shares were purchased at an average price of $18.33 per share, with a total value of $99,440.25. Following the completion of the purchase, the chief financial officer now directly owns 7,500 shares in the company, valued at approximately $137,475. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Hudson Valley Holding Corp. (NYSE:HVB) traded up 0.06% during mid-day trading on Tuesday, hitting $16.95. 23,714 shares of the company’s stock traded hands. Hudson Valley Holding Corp. has a 52 week low of $13.70 and a 52 week high of $21.36. The stock’s 50-day moving average is $19.22 and its 200-day moving average is $19.19. The company has a market cap of $337.9 million and a price-to-earnings ratio of 282.33.
Hudson Valley Holding Corp. (NYSE:HVB) last released its earnings data on Monday, January 27th. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.17 by $0.01. Analysts expect that Hudson Valley Holding Corp. will post $0.63 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, February 14th. Shareholders of record on Friday, February 7th will be given a dividend of 0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Wednesday, February 5th.
Separately, analysts at Sandler O’Neill upgraded shares of Hudson Valley Holding Corp. from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, January 22nd.
Hudson Valley Holding Corp. is a bank holding company. The Company provides financial services through its wholly-owned subsidiary, Hudson Valley Bank, N.
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