Latest news with #regionalbank
Yahoo
2 days ago
- Business
- Yahoo
OceanFirst Financial (OCFC) Reports Q2: Everything You Need To Know Ahead Of Earnings
Regional bank OceanFirst Financial (NASDAQ:OCFC) will be announcing earnings results this Thursday after market close. Here's what to look for. OceanFirst Financial beat analysts' revenue expectations by 2.1% last quarter, reporting revenues of $97.91 million, flat year on year. It was a strong quarter for the company, with an impressive beat of analysts' tangible book value per share estimates and an impressive beat of analysts' net interest income estimates. Is OceanFirst Financial a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting OceanFirst Financial's revenue to grow 8% year on year to $100.7 million, a reversal from the 7.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.33 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. OceanFirst Financial has missed Wall Street's revenue estimates twice over the last two years. Looking at OceanFirst Financial's peers in the regional banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. City Holding delivered year-on-year revenue growth of 6.3%, beating analysts' expectations by 3%, and Texas Capital Bank reported revenues up 15.2%, topping estimates by 2.7%. Texas Capital Bank traded up 4.8% following the results. Read our full analysis of City Holding's results here and Texas Capital Bank's results here. There has been positive sentiment among investors in the regional banks segment, with share prices up 8.2% on average over the last month. OceanFirst Financial is up 7.1% during the same time and is heading into earnings with an average analyst price target of $20.63 (compared to the current share price of $18.32). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Bloomberg
2 days ago
- Business
- Bloomberg
Synovus Weighs Potential Merger After Drawing Takeover Interest
Synovus Financial Corp., a regional bank in the southeastern US, is weighing options including a potential merger after drawing interest, people familiar with the matter said. The Columbus, Georgia-based bank is working with a financial adviser and has recently held merger talks with at least one rival, according to the people, who asked not to be identified because the details aren't public.
Yahoo
2 days ago
- Business
- Yahoo
Citi Raises Price Target for Synovus Financial (SNV), Keeps Buy Rating
Synovus Financial Corp. (NYSE:SNV) is one of the 10 Best Financial Stocks on Wall Street's Radar. On July 18, Citi increased its price target for Synovus Financial Corp. (NYSE:SNV) from $57 to $65 and reiterated a Buy rating. Citi pointed out the company's strong quarterly loan growth, which the firm sees as one of the bank's best performances in recent years. A woman signing a mortgage loan in a modern banking hall. The investment firm also noted that Synovus Financial Corp. (NYSE:SNV) plans to make a significant number of new hires over the next two to three years. This move is expected to help the company become a more growth-focused regional bank in the Southeast. Additionally, Citi highlighted Synovus Financial Corp.'s (NYSE:SNV) strong expense management and credit trends that have consistently performed better than expected. This has contributed to positive shareholder value in both the short and the long term. Citi slightly reduced its 2026 projections for Synovus Financial Corp. (NYSE:SNV), mainly because of talent acquisition and investment-related expenses. However, Citi's analysis suggests that these expenses will likely help improve shareholder value in the long term. Synovus Financial Corp. (NYSE:SNV) is an American financial services company that offers commercial and consumer banking and a full range of specialized products and services, including wealth services, treasury management, mortgage services, premium finance, asset-based lending, structured lending, capital markets, and international banking. While we acknowledge the potential of SNV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best American Semiconductor Stocks to Buy Now and 11 Best Fintech Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
14-07-2025
- Business
- Yahoo
Greystone Arranges $43.5 Million Debt Placement for Independent Living Community in Oregon
NEW YORK, July 14, 2025 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has arranged a $43,500,000 debt placement to refinance a Class A independent living community in Oregon. The financing was sourced by David Young, Managing Director. The 142-unit property is a recently built and stabilized Class A+ independent living community featuring upscale amenities tailored for senior residents. The debt placement, with a regional bank, includes a competitive floating rate priced in the 200s over SOFR, enabling the sponsor to refinance existing senior and subordinate construction debt, return capital to investors, and position the asset for a future permanent agency execution. 'We ran a targeted process across both banks and debt funds to source financing that would meet a stretch target for our client,' said Mr. Young. 'With strong trailing cash flows albeit on a shorter trailing period but a demonstrably clear upward trend, we were able to achieve highly favorable execution that materially exceeded expectations.' About GreystoneGreystone is a private national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA, Fannie Mae, and Freddie Mac lender in these sectors. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. For more information, visit PRESS CONTACT:Karen
Yahoo
23-06-2025
- Business
- Yahoo
2 Bank Stocks for Long-Term Investors and 1 to Brush Off
Banks play a critical role in the financial system, providing everything from commercial loans to wealth management and payment processing services. But concerns about loan losses and tightening regulations have tempered enthusiasm, and over the past six months, the banking industry has pulled back by 6.9%. This drop was discouraging since the S&P 500 held its ground. Only some companies are subject to these dynamics, however, and a handful of high-quality businesses can deliver earnings growth in any environment. Keeping that in mind, here are two bank stocks boasting durable advantages and one we're swiping left on. Market Cap: $3.38 billion Starting as a small community bank in 1950 and expanding through strategic acquisitions across the Southeast, United Community Banks (NYSE:UCB) is a regional bank holding company that provides financial services including loans, deposits, wealth management, and merchant services across the southeastern United States. Why Are We Hesitant About UCB? Sales trends were unexciting over the last two years as its 1.8% annual growth was below the typical bank company Net interest margin of 3.3% reflects its high servicing and capital costs Annual earnings per share growth of 1.1% underperformed its revenue over the last five years, showing its incremental sales were less profitable At $27.85 per share, United Community Banks trades at 0.9x forward P/B. Dive into our free research report to see why there are better opportunities than UCB. Market Cap: $8.01 billion Tracing its roots back to 1868 when it was founded during Texas's post-Civil War reconstruction era, Cullen/Frost Bankers (NYSE:CFR) operates Frost Bank, a Texas-based financial institution providing commercial and consumer banking, wealth management, and insurance services. Why Is CFR Interesting? Impressive 13.8% annual net interest income growth over the last four years indicates it's winning market share this cycle Net interest margin jumped by 55.3 basis points (100 basis points = 1 percentage point) over the last two years, giving the company more resources to pursue growth initiatives Annual tangible book value per share growth of 22.1% over the last two years was superb and indicates its capital strength increased during this cycle Frost Bank's stock price of $124.56 implies a valuation ratio of 1.9x forward P/B. Is now the time to initiate a position? Find out in our full research report, it's free. Market Cap: $5.10 billion Founded in 1903 and rebranded from Bank of the Ozarks in 2018, Bank OZK (NASDAQ:OZK) is a commercial bank that specializes in real estate lending while offering a full range of banking services to individuals and businesses. Why Are We Positive On OZK? Impressive 13.8% annual net interest income growth over the last four years indicates it's winning market share this cycle Earnings growth has trumped its peers over the last two years as its EPS has compounded at 11.2% annually Balance sheet strength has increased this cycle as its 10.1% annual tangible book value per share growth over the last five years was exceptional Bank OZK is trading at $45.03 per share, or 0.9x forward P/B. Is now a good time to buy? See for yourself in our full research report, it's free. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
