By PR Newswire, October 25, 2013, 08:00:00 AM EDT
NEW YORK, October 25, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting Signature Bank (NASDAQ:SBNY), CYS Investments Inc. (NYSE:CYS), Anworth Mortgage Asset Corporation (NYSE:ANH), Altisource Residential Corporation (NYSE:RESI), and Och-Ziff Capital Management Group LLC (NYSE:OZM). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Signature Bank Research Report
On October 22, 2013, Signature Bank released its Q3 2013 financial results. Net income for Q3 2013 was $60.2 million, or $1.25 per diluted share, compared to net income of $47.7 million or $1.00 per diluted share in Q3 2012. The Bank's average deposits for Q3 2013 $15.9 billion, an increase of 5.5%. Commenting on the release, Joseph J. DePaolo, President and CEO of the Company, stated, "This marks another quarter of top-line revenue growth, driven by strong core deposit and record loan growth, culminating in the Bank's 16th consecutive quarter of record earnings. We believe our unwavering commitment to our client-centric model and single-point-of-contact approach is the key driver to our success. While remaining dedicated to our deposit-focused philosophy, we continue to advance earnings by increasing loans as a percentage of our well capitalized balance sheet with a further quarter of record loan growth. This emphasis has helped mitigate the effects from the prolonged low-interest rate environment on our net interest margin." The Full Research Report on Signature Bank - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/17d4_SBNY]
CYS Investments Inc. Research Report
On October 16, 2013, CYS Investments Inc. (CYS Investments) released its Q3 2013 financial results. The Company's reported net income available to common shares was $25.4 million or $0.14 per diluted share, compared to net loss available to common shares of $402.3 million or net loss of $2.32 per diluted share in Q3 2012. Additionally, under the $250 million share repurchase program authorized by CYS Investments' Board of Directors in November 2012, the Company repurchased 5.9 million shares during Q3 2013 with a weighted average purchase price of $7.77, or approximately $46.1 million in the aggregate. The Full Research Report on CYS Investments Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/b284_CYS]
Anworth Mortgage Asset Corporation Research Report
On October 10, 2013, Anworth Mortgage Asset Corporation (Anworth) announced that its Board of Directors has declared a Series A Preferred Stock dividend of c.$0.54 per share for Q4 2013. According to Anworth, the Series A Preferred Stock dividend is payable on January 15, 2014, to holders of record as of the close of business on December 31, 2013. The Company also stated that the dividend reflects the period from October 1, 2013 through December 31, 2013. Anworth further reported that its board of directors has declared a Series B Preferred Stock dividend of c.$0.39 per share for Q4 2013, which is payable on January 15, 2014 to holders of record as of the close of business on December 31, 2013. The Company informed that the dividend reflects the period from October 1, 2013 through December 31, 2013. The Full Research Report on Anworth Mortgage Asset Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/2e3c_ANH]
Altisource Residential Corporation Research Report
On October 22, 2013, Altisource Residential Corporation (Altisource Residential) released its Q3 2013 and 9M 2013 financial results. The Company's Q3 2013 net income stood at $13.7 million or earnings of $0.53 per diluted share. For 9M 2013, the Company reported a net income of $18.0 million or earnings of $0.98 per diluted share. Commenting on the release, Chairman William Erbey said, "I am pleased with our solid third quarter performance which underscores the strength of our differentiated business model. We believe that Residential's acquisition cost, efficient operating structure and low cost of capital provide it with a competitive advantage in the single-family rental REIT space." The Full Research Report on Altisource Residential Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/7af4_RESI]
Och-Ziff Capital Management Group LLC Research Report
On October 22, 2013, Och-Ziff Capital Management Group LLC (Och-Ziff Capital) announced that it will release its Q3 2013 financial results and Q3 2013 quarterly dividend on November 5, 2013, in a press release which will be issued before the NYSE opens. According to Och-Ziff Capital, a press release will also be available on the Class A Shareholders page of the Company's website. Additionally, Company Chairman and CEO Daniel S. Och, along with CFO and Senior Chief Operating Officer, Joel M. Frank, will host a conference call on the same day at 8:30 a.m. ET to review the results. The Full Research Report on Och-Ziff Capital Management Group LLC - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/31f1_OZM]
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SOURCE Analysts' Corner