NEW YORK, May 30, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY) ("Valley"), the holding company for Valley National Bank, announced today its regular preferred and common dividends. The declared quarterly dividends to shareholders of record on June 13, 2024 are as follows: A cash dividend of $0.390625 per share to be paid July 1, 2024 on Valley's Non-Cumulative Perpetual Preferred Stock Series A; A cash dividend of $0.577693 per share to be paid June 28, 2024 on Valley's Non-Cumulative Perpe ...

(https://www.otcmarkets.com/) and is the parent company of The Victory Bank, a Pennsylvania state-chartered commercial bank, headquartered in Limerick, Pennsylvania, which is located just outside the Philadelphia market in Montgomery County. The Victory Bank was established in 2008 as a specialized business lender that provides high-quality banking services to small and mid-sized businesses and professionals through its three offices located in Montgomery and Berks Counties, Pennsylvania. Additional informa ...

CINCINNATI, May 28, 2024 /PRNewswire/ -- First Financial Bancorp (Nasdaq: FFBC) announces the election of Anne Arvia as a new director on the First Financial Board of Directors, following a vote during the company's annual meeting of shareholders on Tuesday, May 28, 2024. Susan Knust and William Barron previously announced their retirements from the board effective at the conclusion of the annual meeting. Ms. Knust had served on the board of First Financial Bank since 1999, and on the board of First Financi ...

The dividend is payable June 25, 2024 to shareholders of record June 11, 2024. WILLIAMSPORT, Pa., May 28, 2024 (GLOBE NEWSWIRE) -- Richard A. Grafmyre CFP®, Chief Executive Officer of Penns Woods Bancorp, Inc., (NASDAQ:PWOD) has announced that the Company's Board of Directors declared a second quarter 2024 cash dividend of $0.32 per share. Previous press releases and additional information can be obtained from the company's website at www.pwod.com. Contact: Richard A. Grafmyre, Chief Executive Officer 300 M ...

WILLIAMSPORT, Pa., May 28, 2024 (GLOBE NEWSWIRE) -- Richard A. Grafmyre, CEO of Penns Woods Bancorp, Inc., (NASDAQ: PWOD) ("Company") has announced that the Company's Board of Directors has authorized the repurchase of up to 5% of the outstanding shares of the Company. The repurchase plan is for a one-year period ending May 31, 2025 and allows for the repurchase of up to 376,000 shares. The repurchase plan replaces the existing previously authorized repurchase plan, which expires on May 31, 2024. Repurchase ...

NEW YORK, May 28, 2024 /PRNewswire/ -- Carver Bancorp, Inc. (Nasdaq: CARV) ("Carver"), the holding company for Carver Federal Savings Bank (the "Bank"), a certified Community Development Financial Institution and a designated Minority Depository Institution, is proud to announce the closing of a $25 million revolving senior unsecured term loan under the Community Decarbonization Fund with NY Green Bank. Carver Bancorp, Inc. Announces $25 Million Revolving Loan Facility with NY Green Bank to Support Building ...

Shares of The Bancorp (TBBK) have gained 6.7% over the past four weeks to close the last trading session at $32.85, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $47 indicates a potential upside of 43.1%. The average comprises three short-term price targets ranging from a low of $40 to a high of $55, with a standard deviation of $7.55. While the lowest estimate indicates an in ...

Sean Pavone Earnings of Brookline Bancorp, Inc. (NASDAQ:BRKL) will receive some support from loan growth recovery. However, a lower net interest margin will drag earnings. Overall, I'm expecting the company to report earnings of $0.87 per share for 2024, up 3.1% year-over-year. Compared to my last report, I've reduced my earnings estimate because both loan growth and the margin missed my expectations for the first quarter of 2024. The year-end target price suggests a high price upside from the current marke ...

Nodar Chernishev The banking sector has recovered overall after the early 2023 meltdown, but there are still some banks in clear trouble. Washington Trust (NASDAQ:WASH) is certainly among them; in fact, the stock is far from SVB's pre-bankruptcy levels. The current dividend yield is well above 8%, and dividend-hunting investors are wondering whether this is a good opportunity or not. After all, this bank has demonstrated a good track record in terms of dividend issuance over the past decades. In my opinion, ...

The reason for those dividend cuts, meanwhile, is twofold. First, the company expanded via acquisition but wasn't really ready to handle that growth from a regulatory perspective. Second, rising interest rates resulted in an increase in troubled loans right as the company was facing greater regulatory scrutiny. Basically, the company had to hit the reset button as it became a more important bank. That included the urgent need to shore up its balance sheet (thus the dividend cut), necessary upgrades in its i ...