Technical Roundup on Banking Stocks -- First Republic Bank, Bank of Nova Scotia, Bank of Montreal, and Home Bancshares

NEW YORK, November 21, 2016 /PRNewswire/ --

Stock-Callers.com directs investors' attention to the Money Center Banks industry which is composed of financial institutions that are involved in borrowing and lending activities with governments, large corporations, and regular banks. Equities to review today are: First Republic Bank (NYSE: FRC), The Bank of Nova Scotia (NYSE: BNS), Bank of Montreal (NYSE: BMO), and Home Bancshares Inc. (NASDAQ: HOMB). Sign up today and download for free the research reports for the stocks covered today at: http://stock-callers.com/registration

First Republic Bank  

California headquartered First Republic Bank's stock recorded a trading volume of 849,595 shares, and finished Friday's trading session 0.40% lower at $82.89. The Company's shares have gained 9.17% in the last one month, 12.54% over the previous three months, and 26.61% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 8.00% and 17.36%, respectively. Furthermore, shares of First Republic Bank, which together with its subsidiaries, provides private banking, private business banking, real estate lending, and wealth management services to clients in metropolitan areas of the US,  have a Relative Strength Index (RSI) of 64.24.

On November 15^th, 2016, First Republic Bank announced the pricing of an underwritten public offering of 3,500,000 shares of its common stock for expected gross proceeds of approximately $287.0 million before underwriting discounts and commissions and estimated offering expenses. First Republic has also granted the underwriters a 30-day option to purchase up to an additional 525,000 shares from First Republic.

On November 16^th, 2016, research firm Morgan Stanley downgraded the Company's stock rating from 'Overweight' to 'Equal-Weight'. FRC complete research report is just a click away at: http://stock-callers.com/registration/?symbol=FRC

The Bank of Nova Scotia  

Last Friday, Canada headquartered The Bank of Nova Scotia's stock recorded a trading volume of 511,878 shares, and ended the session 0.45% higher at $53.28. The Company's shares have gained 4.61% over the previous three months and 36.20% on an YTD basis. The stock is trading 0.38% above its 50-day moving average and 8.64% above its 200-day moving average. Moreover, shares of the company, which provides various personal, commercial, corporate, and investment banking services in Canada and internationally, have an RSI of 50.14.

On November 1^st, 2016, research firm Bank of America/ Merrill initiated a 'Buy' rating on the Company's stock.

On November 9^th, 2016 Scotiabank proudly opened the doors of a new Scotiabank Solutions branch at 1 Victoria Street in Kitchener. This branch, managed by Peter Ly, is the second Scotiabank Solutions branch in Canada. The complimentary report on BNS can be downloaded at: http://stock-callers.com/registration/?symbol=BNS

Bank of Montreal  

Canada headquartered Bank of Montreal's stock ended the day 0.23% higher at $65.01 with a total trading volume of 519,913 shares. The Company's shares have gained 1.56% in the last month, 0.92% over the previous three months, and 20.13% on an YTD basis. The stock is trading 1.69% above its 50-day moving average and 5.53% above its 200-day moving average. Additionally, shares of the company, which provides diversified financial services primarily in North America, have an RSI of 59.62.

On November 1^st, 2016, research firm Bank of America/ Merrill resumed its 'Neutral' rating on the Company's stock.

On November 15^th, 2016, BMO Capital Markets, the investment and corporate banking arm of Bank of Montreal's Financial Group (BMO), has been named the first and only Canadian bank approved by the People's Bank of China to quote CAD/CNY currencies as a market maker in the China Foreign Exchange Trade System. Sign up for your complimentary report on BMO at: http://stock-callers.com/registration/?symbol=BMO

Home Bancshares  

Shares in Arkansas headquartered Home Bancshares Inc. recorded a trading volume of 925,132 shares, which was above their three months average volume of 642,240 shares. The stock ended Friday's session 1.52% higher at $26.11. The Company's shares have advanced 28.39% in the last month, 17.88% over the previous three months, and 30.93% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 20.18% and 24.57%, respectively. Furthermore, shares of Home Bancshares, which operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities, have an RSI of 81.58.

On November 10^th, 2016, research firm Keefe Bruyette downgraded the Company's stock rating from 'Outperform' to 'Market Perform'.

On November 17^th, 2016, at a hearing of the U.S. Bankruptcy Court for the Middle District of Florida in Tampa, Florida, Home BancShares was designated the successful bidder to purchase The Bank of Commerce, a Florida state-chartered bank that operates in the Sarasota, Florida area from its parent company, Bank of Commerce Holdings, Inc. a Florida corporation and bank holding company which is the subject of the bankruptcy proceeding. Download the research report for free on HOMB at: http://stock-callers.com/registration/?symbol=HOMB

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