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 inc ...

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 m ...

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 opin ...

New York Community Bancorp has fallen on hard times. It's not appropriate for most investors, but turnaround types still have time to buy it.For most investors, New York Community Bancorp (NYCB 3.10%) is a stock that will be best avoided. The regional bank has had a rough year and that is reflected in the stock price, but it is well positioned for a turnaround, which may interest more aggressive investors. And since the stock trades some 70% below its 52-week highs, you aren't too late to buy it.What went w ...

sommartIn my last article on East West Bancorp (NASDAQ:EWBC) I highlighted the potential for dividend growth and the fact that this bank was undervalued on a Price/ TBV per share basis. Six months later, although the stock has appreciated by 16%, I believe it is still slightly undervalued. In addition, the dividend growth potential remains high and management is continuing the buyback. After all, EWBC is one of the most capitalized banks in the industry and has ample room to remunerate its shareholders. ...

OLNEY, Md., May 23, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Sandy Spring Bancorp, Inc. (Nasdaq-SASR), today announced the appointment of Charles S. Cullum to Chief Financial Officer. Cullum was promoted from Deputy Chief Financial Officer and Treasurer. Philip J. Mantua, the outgoing Chief Financial Officer, who previously announced his retirement, will continue with the Company until the end of the year to support the leadership transition. “Charlie has played a central role in the financial ma ...

WESTFIELD, Mass., May 22, 2024 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the “Company” or “WNEB”) (NasdaqGS: WNEB), the holding company for Westfield Bank (the “Bank”), announced that on May 21, 2024, the Board of Directors authorized a new stock repurchase plan (“2024 Plan”), pursuant to which the Company may repurchase up to 1.0 million shares, or approximately 4.6%, of the Company’s outstanding shares of common stock, upon the completion of the 2022 Plan. The Company may repurchase shares fr ...

FRESNO, Calif., May 22, 2024 (GLOBE NEWSWIRE) -- FFB Bancorp (the “Company”) (OTCQX: FFBB), the parent company of FFB Bank (the “Bank”), today announced that its Board of Directors (the “Board”) has authorized a plan to utilize up to $7.5 million of capital to repurchase shares of the Company’s common stock, which represents approximately 5.4% of total shareholders’ equity at March 31, 2024. Under the terms of the repurchase plan, the Company may repurchase shares of the Company's common stock from time to ...