What Defines a Value Stock?
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.
Benzinga Insights has compiled a list of value stocks in the financial services sector that may be worth watching:
- Bank of Princeton BPRN - P/E: 8.23
- Sumitomo Mitsui Finl Gr SMFG - P/E: 7.91
- PCB Bancorp PCB - P/E: 7.63
- Lazard LAZ - P/E: 7.73
- Trean Insurance Group TIG - P/E: 4.38
Most recently, Bank of Princeton reported earnings per share at $1.09, whereas in Q2 earnings per share sat at $0.98. Most recently, the company reported a dividend yield of 3.4%, which has decreased by 0.11% from last quarter's yield of 3.51%.
This quarter, Sumitomo Mitsui Finl Gr experienced an increase in earnings per share, which was $0.28 in Q1 and is now $0.29. PCB Bancorp's earnings per share for Q3 sits at $0.46, whereas in Q2, they were at 0.6. Its most recent dividend yield is at 3.03%, which has decreased by 0.13% from 3.16% in the previous quarter.
Most recently, Lazard reported earnings per share at $1.05, whereas in Q2 earnings per share sat at $0.92. The company's most recent dividend yield sits at 5.8%, which has decreased by 0.08% from 5.88% last quarter.
Trean Insurance Group has been featured as a value stock. Trean Insurance Group's Q3 EPS sits at $0.11, which has not changed since last quarter (Q2).
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.
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