East West Bancorp: Dividend Remains The Strength, But It Is No Longer A Buy (Rating Downgrade)
Loan growth expected to be low in 2024, driven by C&I and Residential loans, while CRE loans struggle. Management does not expect much from CRE loans in the coming quarters due to the uncertain macroeconomic environment. Dividend growth remains strong, but dividend yield is low; valuation suggests a hold rating due to the recent increase in share price.
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Customers Bancorp, Inc.- CUBI
NEW YORK, NY / ACCESSWIRE / August 7, 2024 / Pomerantz LLP is investigating claims on behalf of investors of Customers Bancorp, Inc ("Customers Bancorp" or the "Company") (NYSE:CUBI). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.
United Bancorp, Inc. Reports 2024 Second Quarter and Six-Month Earnings Performance
MARTINS FERRY, OH / ACCESSWIRE / August 7, 2024 / United Bancorp, Inc. (NASDAQ:UBCP) reported diluted earnings per share of $0.30 and net income of $1,739,00 for the three months ended June 30, 2024. For the first six months of the current year, UBCP reported diluted earnings per share of $0.64 and net income of $3,732,000.
Zacks Industry Outlook JPMorgan,U.S. Bancorp and Truist Financial
JPMorgan,U.S. Bancorp and Truist Financial have been highlighted in this Industry Outlook article.
BCB Bancorp: Over 5% Dividend Yield And Earnings Likely To Recover Soon
The CRE-heavy loan book will not re-price as soon as the deposit book. Therefore, the margin will benefit from interest rate cuts. New Jersey and New York's current economies give hope that the loan portfolio's downtrend will reverse soon. The December 2024 target price suggests a 15% price upside.
First Bancorp (FBNC) Now Trades Above Golden Cross: Time to Buy?
First Bancorp (FBNC) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, FBNC's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross.
University Bancorp Acquires Hyrex Servicing, LLC for $5.5 Million
ANN ARBOR, MI / ACCESSWIRE / August 1, 2024 / University Bancorp, Inc. (OTCQB:UNIB)(or "UNIB") announced that it has completed an internal corporate restructuring by acquiring Hyrex Servicing, LLC ("Hyrex Servicing") from University Bank, through its wholly owned subsidiary, Hyrex Servicing Holding Company, LLC. Hyrex Servicing Holding Company, LLC paid $5.5 million for Hyrex Servicing.
First Bancorp (FBNC) Is Up 13.21% in One Week: What You Should Know
Does First Bancorp (FBNC) have what it takes to be a top stock pick for momentum investors? Let's find out.
Parke Bancorp Offers A 3.5% Yield And A 20% Discount To TBV
Parke Bancorp has strong earnings with a slight increase in net interest income, despite an increase in loan loss provisions. The bank has a relatively low amount of unrealized losses on securities and a focus on recovering soured loans, especially in the commercial real estate portfolio. Trading at 10 times earnings and a 20% discount to tangible book value per share, Parke Bancorp presents a good opportunity for a long position.
Infinity Bancorp Announces Second Quarter 2024 Financials Results
SANTA ANA, CA / ACCESSWIRE / July 31, 2024 / Infinity Bancorp (OTCQB:INFT) (the "Company" or "Bancorp"), the holding company for Infinity Bank (the "Bank"), today announced financial results for the quarter ended, June 30, 2024. Financial highlights for the second quarter of 2024: The Bancorp completed a stock offering selling 380,000 shares for $4.75 million A dividend of $0.07 per share was paid during the second quarter of 2024 Total loans increased $11.5 million, or 5.92% since December 31, 2023 Total stockholder's equity increased $5.6 million from March 31, 2024, and increased $6.2 million from December 31, 2023 Net income increased 10.1% from March 31, 2024 to $903 thousand Loans and Allowance for Credit Losses Total loans were $205.8 million at June 30, 2024, compared to $201.8 million for the first quarter of 2024, an increase of $4 million, or 2%.
First Commerce Bancorp, Inc. Reports the Second Quarter and Year-to-Date 2024 Results and Adopts Second Stock Repurchase Program
LAKEWOOD, NJ / ACCESSWIRE / July 30, 2024 / First Commerce Bancorp, Inc. (the "Company"), (OTC PINK:CMRB), the holding company for First Commerce Bank (the "Bank"), today reported net income of $1.1 million and $2.2 million for the three and six months ended June 30, 2024 respectively, as compared to $2.9 million and $6.2 million for the three and six months ended June 30, 2023 respectively. Basic earnings per common share for the three and six months ended June 30, 2024, was $0.05 and $0.10, respectively, compared to $0.12 and $0.26 for the three and six months ended June 30, 2023, respectively.
Investors With Losses Are Urged To Contact The Schall Law Firm As It Initiates An Investigation Into Bancorp Incorporated
LOS ANGELES, CA / ACCESSWIRE / July 30, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of The Bancorp, Inc. ("TBBK" or "the Company") (NASDAQ:TBBK) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
