Financial Sector Update for 04/22/2019: PWOD,BOH,CCBG

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Top Financial Stocks

JPM +0.07%

BAC +0.12%

WFC -0.54%

C -0.47%

USB +0.61%

Financial stocks were mostly lower in afternoon trading, including a 0.5% decline for the NYSE Financial Index while shares of financial companies in the S&P 500 were falling about 0.2%. The Philadelphia Housing Index was falling nearly 1.1%.

Among financial stocks moving on news:

(-) Penns Woods Bancorp ( PWOD ) dropped 2.5% on Monday after the bank holding company presented an adjusted profit of $0.83 per share on $14.9 million in total revenue for its Q1 ended March 31, up from $0.69 per share on $13.2 million in revenue during the same quarter last year. Analyst estimates were not available.

In other sector news:

(+) Bank of Hawaii ( BOH ) rose nearly 3% after reporting Q1 net income of $1.43 per share, improving on a $1.28 per share profit during the year-ago period and beating the $1.35 per share analyst mean. Revenue grew by 3.4% to $168.6 million during the January-to-March period from $163 million last year, also exceeding the $166.5 million consensus estimate.

(-) Capital City Bank Group ( CCBG ) fell almost 3% after reporting a 9.6% year-over-year increase in Q1 revenue, rising to $37.5 million from $34.2 million during the same quarter last year but it still missed the Capital IQ consensus expecting $37.8 million in revenue for the three months ended March 31.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Banking and loans
Referenced Symbols: PWOD , BOH , CCBG

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