South Atlantic Bancshares, Inc. (SABK) Q1 Earnings Match Estimates
- South Atlantic Bancshares Earnings: Reported quarterly earnings of $0.26 per share, in line with estimates, compared to $0.41 a year ago.
- Revenue Performance: Revenues were $11.3 million, missing estimates by 3.44%, with the company surpassing revenue estimates two times in the last four quarters.
- Stock Movement: South Atlantic Bancshares shares have declined by 16% this year, contrasting with the S&P 500's gain of 5.1%.
- Future Outlook: Investors are looking at the company's earnings outlook and estimate revisions for insights into future stock performance.
- Industry Impact: Industry outlook can influence stock performance; Banks - Southeast is currently in the top 36% of Zacks industries.
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F.N.B. (FNB) Exceeds Expectations in Q3 Earnings and Revenue
Earnings Performance: F.N.B. (FNB) reported quarterly earnings of $0.41 per share, exceeding the Zacks Consensus Estimate of $0.37, and showing a year-over-year increase from $0.34. The company also surpassed revenue expectations with $457.44 million, up from $413.02 million a year ago.
Market Outlook: Despite a 6.8% increase in F.N.B. shares this year, underperforming the S&P 500's 13.4% gain, the stock holds a Zacks Rank #3 (Hold), indicating expected performance in line with the market. Future stock movements will depend on earnings estimate revisions and industry outlook.
Five Regional Bank Stocks Soaring in Value
Regional Banks' Recovery: Several regional banks have improved their quality rankings significantly, indicating better operational efficiency and financial health, attracting income-focused investors.
Top Performers: The five leading banks in quality rankings include Middlefield Bancorp, Provident Bancorp, United Bancorp, National Bankshares, and FVCBankcorp, all showing notable gains in profitability and stock performance.
Market Context: These banks are competing in the middle-market lending space against business development companies like Ares Capital Corp, which currently has poor quality rankings despite a stronger price trend.
Investor Caution Advised: Despite the positive trends, investors should remain cautious due to potential risks from economic slowdowns or rising loan defaults in cyclical sectors.
National Bankshares (NKSH) Q4 Earnings Match Estimates
Earnings Performance: National Bankshares reported quarterly earnings of $0.48 per share, matching estimates but down from $0.71 a year ago, with revenues of $12.25 million also missing expectations. The company has struggled to exceed consensus EPS estimates over the last four quarters.
Market Outlook: Despite a 3.8% increase in shares this year, the stock holds a Zacks Rank #3 (Hold), indicating expected performance in line with the market. Future stock movements will depend on earnings estimate revisions and industry outlook, as the Banks - Southeast sector ranks in the top 20% of Zacks industries.
Janney Montgomery Scott Upgrades National Bankshares (NKSH)
Upgrade in Outlook: Janney Montgomery Scott has upgraded National Bankshares' outlook from Neutral to Buy, with a projected one-year price target of $30.86/share, indicating a potential upside of 0.46%.
Institutional Ownership Changes: There has been a 9.26% increase in the number of funds reporting positions in National Bankshares, with notable changes in ownership percentages among major shareholders like BlackRock and Vanguard.
Lara Ramsey Named President of National Bankshares, Inc. and The National Bank of Blacksburg
Leadership Promotion: Lara E. Ramsey has been promoted to President of National Bankshares, Inc. and its subsidiary bank, effective January 1, 2025, after serving in various leadership roles since 1996.
Company Overview: National Bankshares, Inc. operates as a community bank with 27 offices primarily in Virginia, focusing on customer service and shareholder value, while F. Brad Denardo continues as Chairman and CEO.
NKSH Stock Earnings: National Bankshares Misses EPS, Beats Revenue for Q2 2024
Earnings Report: National Bankshares (NASDAQ:NKSH) reported a second quarter 2024 earnings per share of -5 cents, missing the analyst estimate of 12 cents, but achieved revenue of $10.95 million, exceeding the estimate of $9.10 million by 20.29%.
Automated Coverage: InvestorPlace Earnings utilizes TradeSmith data to automate the reporting of quarterly earnings, providing quick insights on key financial metrics without human intervention.
F.N.B. (FNB) Exceeds Expectations in Q3 Earnings and Revenue
Earnings Performance: F.N.B. (FNB) reported quarterly earnings of $0.41 per share, exceeding the Zacks Consensus Estimate of $0.37, and showing a year-over-year increase from $0.34. The company also surpassed revenue expectations with $457.44 million, up from $413.02 million a year ago.
Market Outlook: Despite a 6.8% increase in F.N.B. shares this year, underperforming the S&P 500's 13.4% gain, the stock holds a Zacks Rank #3 (Hold), indicating expected performance in line with the market. Future stock movements will depend on earnings estimate revisions and industry outlook.
Five Regional Bank Stocks Soaring in Value
Regional Banks' Recovery: Several regional banks have improved their quality rankings significantly, indicating better operational efficiency and financial health, attracting income-focused investors.
Top Performers: The five leading banks in quality rankings include Middlefield Bancorp, Provident Bancorp, United Bancorp, National Bankshares, and FVCBankcorp, all showing notable gains in profitability and stock performance.
Market Context: These banks are competing in the middle-market lending space against business development companies like Ares Capital Corp, which currently has poor quality rankings despite a stronger price trend.
Investor Caution Advised: Despite the positive trends, investors should remain cautious due to potential risks from economic slowdowns or rising loan defaults in cyclical sectors.
National Bankshares (NKSH) Q4 Earnings Match Estimates
Earnings Performance: National Bankshares reported quarterly earnings of $0.48 per share, matching estimates but down from $0.71 a year ago, with revenues of $12.25 million also missing expectations. The company has struggled to exceed consensus EPS estimates over the last four quarters.
Market Outlook: Despite a 3.8% increase in shares this year, the stock holds a Zacks Rank #3 (Hold), indicating expected performance in line with the market. Future stock movements will depend on earnings estimate revisions and industry outlook, as the Banks - Southeast sector ranks in the top 20% of Zacks industries.
Janney Montgomery Scott Upgrades National Bankshares (NKSH)
Upgrade in Outlook: Janney Montgomery Scott has upgraded National Bankshares' outlook from Neutral to Buy, with a projected one-year price target of $30.86/share, indicating a potential upside of 0.46%.
Institutional Ownership Changes: There has been a 9.26% increase in the number of funds reporting positions in National Bankshares, with notable changes in ownership percentages among major shareholders like BlackRock and Vanguard.
Lara Ramsey Named President of National Bankshares, Inc. and The National Bank of Blacksburg
Leadership Promotion: Lara E. Ramsey has been promoted to President of National Bankshares, Inc. and its subsidiary bank, effective January 1, 2025, after serving in various leadership roles since 1996.
Company Overview: National Bankshares, Inc. operates as a community bank with 27 offices primarily in Virginia, focusing on customer service and shareholder value, while F. Brad Denardo continues as Chairman and CEO.
NKSH Stock Earnings: National Bankshares Misses EPS, Beats Revenue for Q2 2024
Earnings Report: National Bankshares (NASDAQ:NKSH) reported a second quarter 2024 earnings per share of -5 cents, missing the analyst estimate of 12 cents, but achieved revenue of $10.95 million, exceeding the estimate of $9.10 million by 20.29%.
Automated Coverage: InvestorPlace Earnings utilizes TradeSmith data to automate the reporting of quarterly earnings, providing quick insights on key financial metrics without human intervention.
