Overview Of Value Stocks In The Financial Services Sector

What is a Value Stock?

A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued.

Benzinga Insights has compiled a list of value stocks in the financial services sector that may be worth watching:

  1. TriCo TCBK - P/E: 8.32
  2. OptimumBank Hldgs OPHC - P/E: 4.25
  3. Noah Holdings NOAH - P/E: 7.14
  4. Chemung Financial CHMG - P/E: 5.57
  5. Territorial Bancorp TBNK - P/E: 7.44

TriCo has reported Q1 earnings per share at $1.07, which has decreased by 1.83% compared to Q4, which was 1.09. Its most recent dividend yield is at 3.5%, which has increased by 1.14% from 2.36% in the previous quarter.

OptimumBank Hldgs's earnings per share for Q1 sits at $0.16, whereas in Q4, they were at 0.24. Noah Holdings saw a decrease in earnings per share from 0.39 in Q3 to $0.31 now. Most recently, Chemung Financial reported earnings per share at $1.54, whereas in Q4 earnings per share sat at $1.58. The company's most recent dividend yield sits at 3.54%, which has increased by 1.12% from 2.42% last quarter.

Territorial Bancorp saw a decrease in earnings per share from 0.39 in Q4 to $0.26 now. The company's most recent dividend yield sits at 5.37%, which has increased by 1.59% from 3.78% last quarter.

The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

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