Hudson City Bancorp (HCBK) Shares Cross Below Book Value
In trading on Wednesday, shares of Hudson City Bancorp Inc (Symbol: HCBK) crossed below their last reported book value - defined as common shareholder equity per share - of $9.10, changing hands as low as $8.89 per share. Hudson City Bancorp Inc shares are currently trading down about 5.4% on the day. The chart below shows the one year performance of HCBK shares, versus its 50 and 200 day moving averages:
Looking at the chart above, HCBK's low point in its 52 week range is $8.81 per share, with $10.35 as the 52 week high point - that compares with a last trade of $8.91.
HCBK makes up 2.09% of the SPDR S&P Mortgage Finance ETF (Symbol: KME)