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New York Community Bancorp: A Good Time To Be Looking For An Exit
Seeking Alpha· 2024-07-12 21:27
wildpixel 42 Doc 2004 NY Community Bancorp stock tanks after dividend out, Q1 loss from reserve build. $ANews - Wed. Jan. 31 - 259 Connens - [[] 457 NYCB reported a massive loss in the quarter, to the tune of 25 cents per share. This loss was almost twice what was expected. There were two big components of this loss. The first was the collapsing net interest margin. You can see the evolution of this below as we went from 2.82% to 2.28% in one quarter. Notable here, was the borrowing rate, which jumped from ...
U.S. Bancorp Stock: Multiple Red Flags Make Me Downgrade To Hold
Seeking Alpha· 2024-07-12 15:35
Investment thesis Latest Quarter's Earnings Seeking Alpha Capital Position USB's latest quarterly presentation | --- | --- | --- | --- | --- | --- | --- | |----------------------|-------|-------|--------------|---------|-------|---------| | Eamings East | | | EPS Estimate | x 8.000 | uxu | | | FQ1 2024 (Mar 2024) | | | 0.88 | 0.74 | -0.15 | -21.60% | | FQ4 2623 (Dec 2023) | | | 0-91 | 0.49 | 4/2 | -45.00% | | #Q3 2023 (Sep 2023) | | | 1.01 | 0.94 | 4.99 | -9.68% | | FC22 2023 (Jun 2022) | | | 1 15 | o st | ...
Glen Burnie Bancorp Declares 2Q 2024 Dividend
GlobeNewswire News Room· 2024-07-12 13:16
GLEN BURNIE, Md., July 12, 2024 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (NASDAQ: GLBZ), parent company of The Bank of Glen Burnie®, announced that its Board of Directors declared a regular dividend of ten cents ($0.10) per share of common stock at their meeting on July 11, 2024. This action marks the company's 128th consecutive dividend. The regular dividend is payable on August 5, 2024, to shareholders of record at the close of business on July 22, 2024. Glen Burnie Bancorp, parent company to The Bank of G ...
Unity Bancorp Reports Quarterly Earnings of $9.5 Million
GlobeNewswire News Room· 2024-07-12 10:00
CLINTON, N.J., July 12, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $9.5 million, or $0.93 per diluted share, for the quarter ended June 30, 2024, compared to net income of $9.6 million, or $0.93 per diluted share for the quarter ended March 31, 2024. This represents a 1.4% decrease in net income and no change in net income per diluted share. For the six months ended June 30, 2024, Unity Bancorp reported net income of $19.0 million, or $1 ...
FS Bancorp, Inc. Announces Increase in its Cash Dividend and Authorizes Additional Share Repurchases
GlobeNewswire News Room· 2024-07-11 23:30
In addition, the Company's Board of Directors authorized an additional repurchase of up to $5.0 million in shares of the Company's outstanding shares of common stock in the open market, in privately negotiated transactions or shares withheld upon the exercise of equity awards from time to time over a 12-month period until July 31, 2025, at such prices as may be determined by the Company's management, such program to commence no sooner than the third trading day after the public announcement of this repurcha ...
U.S. Bancorp: Why I'm Buying This Big Yielding Bank
Seeking Alpha· 2024-07-11 21:00
My last article on U.S. Bancorp (NYSE:USB), Opportunity Knocks: Why I'm Banking On U.S. Bancorp, rated the stock as a Buy. That Buy rating was largely based on the stock's historically low valuation and high yield. Since then, the total return on USB is well over 17%. However, before you write me a "Thank You" note, know that the S&P 500 has risen just over 40% in that time frame. Far from being humbled by those poor results, I view the relatively lackluster return on my USB investment as an opportunity to ...
Quaint Oak Bancorp, Inc. Declares Quarterly Cash Dividend
GlobeNewswire News Room· 2024-07-11 20:28
Quaint Oak Bancorp, Inc., a Financial Services Company, is the parent company for the Quaint Oak Family of Companies. Quaint Oak Bank, a Pennsylvania-chartered stock savings bank and wholly-owned subsidiary of the Company, is headquartered in Southampton, Pennsylvania and conducts business through three regional offices located in the Delaware Valley, Lehigh Valley and Philadelphia markets. Quaint Oak Bank's subsidiary companies include Quaint Oak Abstract, LLC, Quaint Oak Insurance Agency, LLC, Quaint Oak ...
Origin Bancorp, Inc. Announces Second Quarter 2024 Earnings Release and Conference Call
GlobeNewswire News Room· 2024-07-10 17:06
RUSTON, La., July 10, 2024 (GLOBE NEWSWIRE) -- Origin Bancorp, Inc. (NYSE: OBK) ("Origin"), the financial holding company for Origin Bank, plans to issue second quarter 2024 results after the market closes on Wednesday, July 24, 2024, and hold a conference call to discuss such results on Thursday, July 25, 2024, at 8:00 a.m. Central Time (9:00 a.m. Eastern Time). The conference call will be hosted by Drake Mills, Chairman, President and CEO of Origin, William J. Wallace, IV, Chief Financial Officer of Origi ...
Breakthrough T1D Proudly Announces the Appointment of New Global Mission Board Chair
Prnewswire· 2024-07-10 13:00
"Breakthrough T1D is fueled by thousands of engaged and passionate volunteers. Our Global Mission Board harnesses the talents of some of our most prolific volunteers and is an essential part of our organization," said Aaron J. Kowalski, Ph.D., chief executive officer of Breakthrough T1D. "We are thrilled that Matthew is taking on the role of chair of Breakthrough T1D's Global Mission Board. I look forward to his partnership as we move closer to a world without type 1 diabetes." "I have been a Breakthrough T ...
Blue Foundry Bancorp Schedules Second Quarter 2024 Earnings Conference Call
GlobeNewswire News Room· 2024-07-10 12:15
RUTHERFORD, N.J., July 10, 2024 (GLOBE NEWSWIRE) -- Blue Foundry Bancorp (NASDAQ: BLFY) (the "Company"), the holding company for Blue Foundry Bank, announced that on the morning of Wednesday, July 24, 2024 it will release financial results for the quarter ended June 30, 2024. A copy of the earnings release will be available on the Company's website, https://ir.bluefoundrybank.com/, in the "News" section and on the SEC's website, https://www.sec.gov/. Webcast pre-registration link: https://events.q4inc.com/a ...