Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Whi ...

NEW YORK, Aug. 1, 2024 /PRNewswire/ -- Carver Bancorp, Inc. (Nasdaq: CARV), the holding company for Carver Federal Savings Bank, released a letter from its Interim CEO Craig C. MacKay on the Bank's 2024 fiscal year-end performance: Dear Carver Shareholders: We remain optimistic about the Bank's future - Craig C. MacKay Post this Carver Bancorp, Inc. Interim CEO Craig C. MacKay Comments on the Bank's 2024 Fiscal Year-End Performance Carver Bancorp, Inc. Interim CEO Craig C. MacKay Comments on the Bank's 2024 ...

DUNKIRK, N.Y., July 31, 2024 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the "Company") (NASDAQ: LSBK), the holding company for Lake Shore Savings Bank (the "Bank"), announced today that the Board of Directors declared a cash dividend of $0.18 per share on its outstanding common stock. The dividend is expected to be paid on August 16, 2024 to stockholders of record as of August 12, 2024. The Company received the written approval from the Federal Reserve Bank of Philadelphia (the "Reserve Bank") on July 8, ...

SUN VALLEY, Calif., July 31, 2024 /PRNewswire/ -- Mission Valley Bancorp (OTCQX: MVLY, "Mission Valley", or the "Company") announced today net income for the second quarter of 2024 was $2.0 million, or $0.60 per diluted share, compared to net income of $1.3 million, or $0.38 per diluted share, for the second quarter of 2023. Net income for the six months ended June 30, 2024 was $3.7 million, or $1.10 per diluted share, compared to net income of $3.0 million, or $0.89 per diluted share for the six months end ...

SDI Productions Customers Bancorp (NYSE:CUBI) is a regional bank in Pennsylvania that just reported a strong second quarter, beating on both the top and bottom line. With the market not rewarding shares higher post-results, I think the market is underappreciating a notable increase in its net interest margin, up 19bps to 3.29%. This uptick highlights the bank's successful shift towards higher-yielding loans and improved deposit cost management. Despite a slight decrease in total assets and deposits, the ban ...

In addition, Valley has granted the underwriters a 30-day option to purchase up to an additional 900,000 shares of Preferred Stock at the public offering price, less underwriting discounts and commissions, solely to cover over-allotments, if any. Valley intends to list the shares of Preferred Stock on the Nasdaq Global Select Market. Subject to listing approval, Valley anticipates trading of the Preferred Stock on the Nasdaq Global to commence within 30 days after the shares of Preferred Stock are first iss ...

SEATTLE, July 29, 2024 (GLOBE NEWSWIRE) -- Sound Financial Bancorp, Inc. (the "Company") (Nasdaq: SFBC), the holding company for Sound Community Bank (the "Bank"), today reported net income of $795 thousand for the quarter ended June 30, 2024, or $0.31 diluted earnings per share, as compared to net income of $770 thousand, or $0.30 diluted earnings per share, for the quarter ended March 31, 2024, and $2.9 million, or $1.11 diluted earnings per share, for the quarter ended June 30, 2023. The Company also ann ...

Noninterest expense was $11.6 million for the quarter ended June 30, 2024, compared to $12.7 million for the quarter ended March 31, 2024, and $12.8 million for the quarter ended June 30, 2023. The decrease of $1.1 million, or 9.0%, compared to the prior quarter was primarily due to an $852,000, or 10.5%, decrease in salaries and employee benefits and a decrease in professional fees of $330,000, or 25.1%. The decrease in noninterest expense of $1.2 million, or 9.1%, from the prior year quarter, was primaril ...

"Results for the second quarter demonstrate our success in serving customers while also increasing shareholder value in any interest rate environment. Loan growth continued as we reached a new record of $18.2 billion in assets and we also achieved a record-high tangible book value of $31.27 per share, which reflected a 30% increase over the prior year. Our originate-to-sell business model that minimizes interest rate risk has proven to be successful, and our priorities remain unchanged. We have also focused ...

Earnings per share diluted$0.16 Nominal and tangible book value per share$11.97 Member FDIC / Equal Opportunity Lender / SBA Preferred Lender "The combined effects of continued growth in loan portfolio, repricing of cash flows, and interest rate hedges are beginning to provide the net interest margin and profitability benefits as anticipated," said President and Chief Executive Officer Sam Jimenez. "Separately, I want to highlight and acknowledge the professionalism and commitment of the 1st Capital team wh ...