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LBAI

PFS

Provident Financial Services, Inc. (PFS) and Lakeland Bancorp, Inc. (LBAI) have received regulatory approvals from the FDIC and the New Jersey Department of Banking and Insurance for their merger. The only remaining approval needed is from the Federal Reserve. The merger, expected to complete in Q2, will see the combined entity operate under the Provident name, aiming for growth and enhanced service offerings. Provident must raise $200 million in Tier 2 subordinated debt and adhere to specific capital and lending ratios post-merger.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 5:01 pm

FRT

Over the past three months, 8 analysts have provided diverse ratings for Federal Realty Investment (NYSE:FRT), with recent evaluations showing a mix of bullish to indifferent sentiments. The average 12-month price target for FRT has been raised to $111.12, indicating a positive outlook. Analyst actions include maintaining, raising, and lowering ratings and price targets, reflecting their reaction to Federal Realty's market performance and financials. Despite its strong market presence and revenue growth, Federal Realty faces challenges in profitability, asset utilization, and delivering shareholder returns.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 5:01 pm

BKNG

Investors have shown a bearish stance on Booking Holdings (NASDAQ:BKNG), with options trading indicating a split sentiment of 33% bullish and 66% bearish. Benzinga's options scanner revealed 30 unusual options trades, with a focus on a price band between $2100.0 and $5200.0. The largest trades were bullish CALL options with expiration dates in 2026 and 2025. Booking Holdings, the world's largest online travel agency, is currently trading at $3624.73, with an anticipated earnings release in 38 days.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 5:00 pm

SSD

Simpson Manufacturing Co (NYSE:SSD) has delivered an average annual return of 18.82% over the past 10 years, outperforming the market by 8.11%. A $1000 investment in SSD a decade ago would now be worth $5,655.82. The company currently has a market capitalization of $8.57 billion.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 5:00 pm

APO

Apollo Global Management (NYSE:APO) has delivered an average annual return of 13.53% over the past 10 years, outperforming the market by 2.83% annually. A $100 investment in APO a decade ago would be worth $356.04 today, showcasing the impact of compounded returns on investment growth. Apollo Global Management currently has a market capitalization of $63.67 billion.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 5:00 pm

EMN

Eastman Chemical's stock is trading higher following the announcement that the US Department of Energy has selected the company to receive up to a $375 million investment for its second US molecular recycling project.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 4:37 pm

CSL

Over the past 10 years, Carlisle Companies (NYSE:CSL) has outperformed the market with an annualized return of 17.12%, turning a $100 investment into $488.37. The company's market capitalization stands at $18.50 billion.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 4:30 pm

MHO

Over the past 10 years, M/I Homes (NYSE:MHO) has outperformed the market with an annualized return of 18.79%, turning a $100 investment into $576.85. The company currently has a market capitalization of $3.58 billion.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 4:30 pm

PANW

Palo Alto Networks (NASDAQ:PANW) has seen a bearish sentiment in its options market, with 61% of trades being bearish. The options trades range between $200.0 to $320.0 strike prices, indicating expected price movements within this window. The company's stock is slightly down by -0.41%, with an RSI indicating it may be approaching oversold territory. Analysts have set an average price target of $335.0, with varying ratings from 'Buy' to 'Positive'.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 4:08 pm

ANF

Financial giants have shown a predominantly bearish sentiment towards Abercrombie & Fitch (ANF), with 80% of unusual trades being bearish. The options trading analysis revealed a focus on a price range between $90.0 and $150.0. Despite this, the current market standing of ANF shows a slight decrease in price to $134.25, with neutral RSI indicators. Analysts have mixed views, with an average target price of $137.8, varying from $127 to $152. The company is a specialty retailer with a global presence, primarily sourcing from Asia and Central America.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 4:08 pm