The Bancorp(TBBK)
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Why I Am Buying U.S. Bancorp Despite Lower Interest Rate Expectations
Seeking Alpha· 2024-09-24 15:26
Tired of effortful investing strategies with uncertain prospects? As a former deep value investor, I learned to appreciate the benefits of a dividend-focused value strategy several years ago. My strategy puts an emphasis on capital preservation and steadily growing income. I write primarily about stocks I hold in my diversified dividend stock portfolio, which emphasizes high-quality value stocks that offer meaningful growth and longterm safety. Feel free to reach out to me via direct messaging here, on Twit ...
West Coast Community Bancorp and 1st Capital Bancorp Announce Receipt of Shareholder Approval for Merger
Prnewswire· 2024-09-24 13:00
Core Viewpoint - The merger between West Coast Community Bancorp and 1st Capital Bancorp has been overwhelmingly approved by shareholders, with the transaction expected to close on October 1, 2024, following all necessary regulatory approvals [1][2][3]. Group 1: Merger Details - Shareholders of both West Coast Community Bancorp and 1st Capital Bancorp approved the merger at special meetings held on September 18 and 19, 2024 [1]. - The combined entity will have approximately $2.8 billion in total assets and will operate banking branches across four counties in California [2]. Group 2: Leadership Statements - Krista Snelling, President and CEO of West Coast Community Bancorp, expressed excitement over the regulatory and shareholder approvals, highlighting the merger's potential to enhance technology and service delivery to clients [3]. Group 3: Company Backgrounds - Santa Cruz County Bank, founded in 2004, is a full-service community bank known for its relationship-based service and is a leading SBA lender in its region [4]. - 1st Capital Bancorp focuses on commercial enterprises and offers a range of credit products, including government-backed loans, with five full-service branches in the Central Coast region [5].
Generations Bancorp NY, Inc. Announces Voluntary Nasdaq Delisting and SEC Deregistration
Prnewswire· 2024-09-24 09:30
SENECA FALLS, N.Y., Sept. 24, 2024 /PRNewswire/ -- Generations Bancorp NY, Inc. ("Company") (Nasdaq: GBNY), the holding company for Generations Bank ("Bank"), announced its voluntary decision to delist its common stock from The Nasdaq Stock Market LLC ("Nasdaq") and its intent to deregister its common stock with the Securities and Exchange Commission ("SEC"). The Company has notified Nasdaq of its intent to voluntarily delist and withdraw the registration of its common stock with the SEC. The Company intend ...
Sierra Bancorp: Still Interesting Despite The Run-Up
Seeking Alpha· 2024-09-23 14:30
Sierra Bancorp (NASDAQ: BSRR ) is the holding company that owns the Bank of the Sierra, a regional bank headquartered in California focusing on the South San Joaquin Valley, Ventura County and the Central Coast where it operates He is the leader of the investment group European Small Cap Ideas which offers exclusive access to actionable research on appealing Europe-focused investment opportunities not found elsewhere. The a focus is on highquality ideas in the small-cap space, with emphasis on capital gains ...
Why New York Community Bancorp Zoomed Higher This Week
The Motley Fool· 2024-09-20 20:49
Perhaps there's some value in the damaged but recovering bank after all. A troubled company in turnaround, New York Community Bancorp (NYCB -4.59%) has been one of the least popular banking stocks on the market in recent times. However, one analyst believes the shares are now priced fairly, as he recently upgraded his recommendation on the stock to the equivalent of a hold. This helped the company's stock book a nearly 9% gain in price across this week, according to data compiled by S&P Global Market Intell ...
NorthEast Community Bancorp Hikes Quarterly Cash Dividend by 50%
ZACKS· 2024-09-20 16:11
NorthEast Community Bancorp, Inc. (NECB) announced a quarterly cash dividend of 15 cents per share. This reflects a 50% hike from the prior payout. Besides this, the company also announced a special cash dividend of 15 cents per share. Both dividends will be paid out on Nov. 6, 2024, to shareholders of record as of Oct 4. Prior to the latest hike, the bank increased its dividend by 66.7% to 10 cents per share this March. Based on its closing price of $23.24 as of Sept. 19, NECB's current dividend yield is 2 ...
U.S. Bancorp: Share Repurchase Plan, Dovish Fed Give Compelling Arguments To Buy
Seeking Alpha· 2024-09-20 01:41
The announcement of the $5bn share repurchase plan by U.S. Bancorp (NYSE: USB ) on Sep 12 and the Fed's dovish surprise in its meeting on Sep 18 have given strong buy signals for USB's stock, in my view. USB's stock has performed Economist with 10-year experience doing sell-side research on euro-area and emerging market economies. My credo is that doing your homework is essential when investing and seeing as many viewpoints as possible can only help you make better investment decisions. I hope I can do my p ...
Territorial Bancorp Reaffirms Its Board's Commitment to Proposed Merger with Hope Bancorp
GlobeNewswire News Room· 2024-09-19 20:30
HONOLULU, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. ("Territorial") today reaffirmed the commitment of its Board of Directors to the proposed merger with Hope Bancorp, Inc. ("Hope") that was announced on April 29, 2024. The announcement was made in response to an unsolicited proposal from Blue Hill Advisors LLC ("Blue Hill") to acquire Territorial. "The unsolicited letter from Blue Hill claims to provide a nominally higher purchase price, but there are significant factors making the propos ...
NorthEast Community Bancorp, Inc. Announces Increase in Quarterly Cash Dividend and Special Cash Dividend
GlobeNewswire News Room· 2024-09-19 19:00
WHITE PLAINS, N.Y., Sept. 19, 2024 (GLOBE NEWSWIRE) -- NorthEast Community Bancorp, Inc. (the "Company") (NasdaqCM: NECB) announced today that its Board of Directors has declared a special cash dividend of $0.15 per share on its outstanding common stock. Additionally, its Board of Directors has approved an increase in the Company's quarterly cash dividend from $0.10 per share to $0.15 per share. The increased quarterly dividend and the special cash dividend will be paid on or about November 6, 2024 to share ...
Kentucky First Federal Bancorp Announces Fiscal Year Results
GlobeNewswire News Room· 2024-09-18 15:25
HAZARD, Ky. and FRANKFORT, Ky. and DANVILLE, Ky. and LANCASTER, Ky., Sept. 18, 2024 (GLOBE NEWSWIRE) -- Kentucky First Federal Bancorp (Nasdaq: KFFB), the holding company (the "Company") for First Federal Savings and Loan Association of Hazard and First Federal Savings Bank of Kentucky, Frankfort, Kentucky, announced a goodwill impairment charge of $947,000 that contributed to a net loss of $1.1 million or ($0.13) diluted earnings per share for the three months ended June 30, 2024, compared to net earnings ...