Last $9.73 USD
Change Today +0.02 / 0.21%
Volume 1.8M
HCBK On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 07/21/14 All times are local (Market data is delayed by at least 15 minutes).

hudson city bancorp inc (HCBK) Snapshot

Open
$9.66
Previous Close
$9.71
Day High
$9.75
Day Low
$9.65
52 Week High
06/10/14 - $10.16
52 Week Low
02/3/14 - $8.81
Market Cap
5.1B
Average Volume 10 Days
2.4M
EPS TTM
$0.37
Shares Outstanding
528.7M
EX-Date
05/9/14
P/E TM
26.3x
Dividend
$0.16
Dividend Yield
1.64%
Current Stock Chart for HUDSON CITY BANCORP INC (HCBK)

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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 December 31, 2013, the company operated 135 branch offices in the New York metropolitan area. Hudson City Bancorp, Inc. was founded in 1868 and is based in Paramus, New Jersey.

1,535 Employees
Last Reported Date: 05/9/14
Founded in 1868

hudson city bancorp inc (HCBK) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $1.7M
President, Chief Operating Officer, Director,...
Total Annual Compensation: $1.1M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $504.2K
Chief Lending Officer, Executive Vice Preside...
Total Annual Compensation: $450.0K
Principal Accounting Officer, Executive Vice ...
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2013.

hudson city bancorp inc (HCBK) Key Developments

Hudson City Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on May 30, 2014; Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Reports Net Charge-Offs for the First Quarter Ended March 31, 2014

Hudson City Bancorp, Inc. reported that the Board of Directors declared a quarterly cash dividend of $0.04 per share payable on May 30, 2014 to shareholders of record on May 13, 2014. The company reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total interest and dividend income of $312,539,000 against $366,065,000 a year ago. Net interest income was $132,336,000 against $177,383,000 a year ago. Income before income tax expense was $70,381,000 against $78,661,000 a year ago. Net income was $42,521,000 or $0.09 per share diluted against $47,931,000 or $0.10 per share diluted a year ago. Book value per share was $9.60 against $9.47 a year ago. Tangible book value per share was $9.29 against $9.16 a year ago. The decrease in total interest and dividend income was due to a $1.71 billion decrease in the average balance of total interest-earning assets during the first quarter of 2014 to $37.50 billion from $39.21 billion for the first quarter of 2013 as well as a decrease in the annualized weighted-average yield on total interest earning assets. Return on average assets was 0.44% compared to 0.47% for the 2013 first quarter. Return on average equity was 3.55% against 4.05% a year ago. For the quarter, the company reported net charge-offs of $10,365,000 against $21,255,000 a year ago.

Hudson City Bancorp, Inc. to Report Q1, 2014 Operating Results on Apr 29, 2014

Hudson City Bancorp, Inc. announced that they will report Q1, 2014 operating results at 9:00 AM, Eastern Standard Time on Apr 29, 2014

Hudson City Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on March 3, 2014; Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013; Reports Net Charge-Offs for the Fourth Quarter of 2013

Hudson City Bancorp, Inc. declared a quarterly cash dividend of $0.04 per share payable on March 3, 2014 to shareholders of record on February 12, 2014. The company announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported net interest income of $135,864,000 compared to $192,264,000 a year ago. Net interest income reflecting the overall decrease in the average balance of interest-earning assets and interest-bearing liabilities, the continued low interest rate environment and an increase in the average balance of Federal funds sold and other overnight deposits. Income before income tax expense was $75,903,000 compared to $82,441,000 a year ago. Net income was $45,829,000 or $0.09 per basic and diluted share compared to $47,948,000 or $0.10 per basic and diluted share a year ago. Total operating income was $149,376,000 compared to $194,997,000 a year ago. Book value per share was $9.52 compared to $9.46 a year ago. Tangible book value per share was $9.21 compared to $9.15 a year ago. Return on average assets was 0.47% compared to 0.47% a year ago. Return on average equity was 3.87% compared to 4.04% a year ago. For the year, the company reported net interest income of $612,513,000 compared to $853,923,000 a year ago. Income before income tax expense was $305,265,000 compared to $413,782,000 a year ago. Net income was $185,216,000 or $0.37 per basic and diluted share compared to $249,143,000 or $0.50 per basic and diluted share a year ago. Net charge-offs amounted to $14.9 million for the fourth quarter of 2013 as compared to $14.2 million for the fourth quarter of 2012 and $10.3 million for the linked third quarter of 2013.

 

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Industry Analysis

HCBK

Industry Average

Valuation HCBK Industry Range
Price/Earnings 26.9x
Price/Sales 8.0x
Price/Book 1.0x
Price/Cash Flow 28.6x
TEV/Sales NM Not Meaningful
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