Aggregated price index with volume information
Summary:
- Savings Banks stocks up 1.1% on average while median return up 0.8% in a day
- Savings Banks stocks up 4.5% on average while median return up 5.4% in a week
- Savings Banks stocks up 24.4% on average while median return up 22.9% in a month
- When average return is significantly different from median return, this implies an asymmetry - composite return is driven by some outliners.
Aggregated price index (close) is based on equal weighted constituencies returns. Average short volume and average total volumes are averaged across all volume data among constituencies.
- 1M winners are : Winners for past month are $NYCB 266.7%, $CARV 46.0%, $NFBK 42.8%, $PFS 42.3%, $AX 39.7%
- 1M losers are : Losers for past month are
- 1W winners are : Winners for past week are $HIFS 12.1%, $CARV 10.3%, $CLBK 9.4%, $NWBI 8.6%, $NFBK 8.6%
- 1W losers are : Losers for past week are $FNWB -0.7%, $FCAP -0.9%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 22.7%, for the past 3 months is 18.6%
In the past month for a 5 days rolling window, the highest corrrelation is 28.5%, the lowest correlation is 1.2%, the latest correlation is 14.8%
When a correlation deviated from the normal level and goes lower or even negative, it indicates some of stocks have deviated from the normal direction of the group. The deviation could reverse if long term level of correlation was at a higher level. It creates trading opportunities and deserves study whether the deviation is idiosyncratic or systematic.
Among pairwise correlation, the highest correlation is 91.6% between CLBK and HBCP
The lowest correlation is -49.1% between FNWB and IROQ
A subsidiary of New York Community Bancorp, Flagstar Bank, is selling its residential mortgage servicing business to Mr. Cooper Group Inc. for about $1.4 billion. The sale includes mortgage servicing rights and the third-party origination platform. NYCB has struggled in the past year with its acquisition of Signature Bank, one of a pair of banks that failed in early 2023 due to rising interest rates.
New York Community Bancorp (NYCB) delivered earnings and revenue surprises of -176.32% and 4.33%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?
Mr. Cooper-Flagstar deal includes a third-party origination (TPO) platform and $356 billion in mortgage servicing rights, advances and subservicing contracts.
Flagstar Bank, N.A. (the "Bank"), the bank subsidiary of New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company") announced today that, it entered into a definitive agreement to sell its residential mortgage servicing business, including mortgage servicing rights and the third-party origination platform to Mr. Cooper (NASDAQ: COOP), a leading non-bank mortgage originator and servicer for approximately $1.4 billion. The transaction is expected to close during the fourth quarter of 2024.
Five Star Bancorp ( NASDAQ:FSBC ) has announced that it will pay a dividend of $0.20 per share on the 12th of August...
Great Southern Bancorp Inc operates as the bank holding company for Great Southern Bank, which offers a range of banking services to individuals and businesses in the United States. Over the past year, STEINERT EARL A JR has engaged in a total of 5 insider sales, disposing of 5,000 shares, and has not made any purchases of the company's stock.
RANCHO CORDOVA, Calif., July 24, 2024 (GLOBE NEWSWIRE) -- Five Star Bancorp (Nasdaq: FSBC) (“Five Star” or the “Company”), a holding company that operates through its wholly owned banking subsidiary, Five Star Bank (the “Bank”), today reported net income of $10.8 million for the three months ended June 30, 2024, as compared to $10.6 million for the three months ended March 31, 2024 and $12.7 million for the three months ended June 30, 2023. Second Quarter Highlights Performance and operating hig
PORTLAND, Maine, July 24, 2024 (GLOBE NEWSWIRE) -- Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, announced today it will release its fiscal 2024 fourth quarter earnings results on Monday, July 29, 2024. Following the release, the Bank will host a conference call with a simultaneous webcast at 10:00 a.m. ET on Thursday, August 1, 2024. The conference call will be hosted by Rick Wayne, President and Chief Executive Officer, Richard Cohen, Chief Financial Officer, and
Webster Financial's (WBS) second-quarter 2024 results are affected by a decline in NII and non-interest income.
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