New Lifetime High Reached By Hudson Valley (HVB)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Hudson Valley ( HVB) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Hudson Valley as such a stock due to the following factors:

  • HVB has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $8.4 million.
  • HVB has traded 400 shares today.
  • HVB is trading at a new lifetime high.

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More details on HVB:

Hudson Valley Holding Corp. operates as the bank holding company for Hudson Valley Bank, N.A. that provides banking and related services to businesses, professionals, municipalities, not-for-profit organizations, and individuals in New York. The stock currently has a dividend yield of 1.3%. Currently there are no analysts that rate Hudson Valley a buy, no analysts rate it a sell, and 4 rate it a hold.

The average volume for Hudson Valley has been 72,400 shares per day over the past 30 days. Hudson Valley has a market cap of $500.5 million and is part of the financial sector and banking industry. The stock has a beta of 1.15 and a short float of 4.5% with 2.05 days to cover. Shares are up 25.2% year-to-date as of the close of trading on Thursday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Hudson Valley as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from the ratings report include:
  • HVB's revenue growth has slightly outpaced the industry average of 0.1%. Since the same quarter one year prior, revenues slightly increased by 8.4%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 36.98% over the past year, a rise that has exceeded that of the S&P 500 Index. Turning to the future, naturally, any stock can fall in a major bear market. However, in almost any other environment, the stock should continue to move higher despite the fact that it has already enjoyed nice gains in the past year.
  • The net income growth from the same quarter one year ago has greatly exceeded that of the S&P 500, but is less than that of the Commercial Banks industry average. The net income increased by 30.7% when compared to the same quarter one year prior, rising from $2.50 million to $3.26 million.
  • The gross profit margin for HUDSON VALLEY HOLDING CORP is currently very high, coming in at 93.46%. It has increased from the same quarter the previous year. Despite the strong results of the gross profit margin, HVB's net profit margin of 11.30% significantly trails the industry average.
  • HUDSON VALLEY HOLDING CORP has improved earnings per share by 23.1% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, HUDSON VALLEY HOLDING CORP reported lower earnings of $0.06 versus $1.49 in the prior year. This year, the market expects an improvement in earnings ($0.61 versus $0.06).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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