HUDSON CITY BANCORP INC (HCBK) 13.30 -$0.02 (-0.15%) 03:27AM (15 mins delay)

Hudson City: Banking on a TARP-Free Stock

May 12, 2009 - 3:49 AM EDT

Paul Price submits:

Hudson City Bancorp (NDQ:HCBK) May 11, 2009: $12.75 10:50 AM EST
52-week range: $7.46 (Mar. 9, 2009) - $20.97 (Sep. 19, 2008)
Dividend = $0.15 quarterly = 4.71% current yield

Hudson City was considered a shining star of the banking industry as recently as last summer due to its conservative lending practices during the housing market insanity. HCBK requires a 20% minimum down payment on its mortgage originations. The shares actually hit an all-time closing high of $20.97 /share as recently as last September.

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Source: Seeking Alpha (May 12, 2009 - 3:49 AM EDT)