Bancorp 34 (NASDAQ:BCTF) Rating Increased to Hold at ValuEngine

ValuEngine upgraded shares of Bancorp 34 (NASDAQ:BCTF) from a sell rating to a hold rating in a research note published on Friday, ValuEngine reports.

BCTF stock opened at $14.66 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $48.38 million, a P/E ratio of 55.85 and a beta of 0.74. The business has a 50-day moving average of $14.98 and a 200-day moving average of $15.31. Bancorp 34 has a fifty-two week low of $12.86 and a fifty-two week high of $16.30.

Bancorp 34 (NASDAQ:BCTF) last posted its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.16 earnings per share for the quarter. The company had revenue of $3.84 million during the quarter. Bancorp 34 had a return on equity of 1.88% and a net margin of 0.07%.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $0.20 annualized dividend and a dividend yield of 1.36%.

An institutional investor recently bought a new position in Bancorp 34 stock. US Bancorp DE acquired a new position in shares of Bancorp 34 Inc (NASDAQ:BCTF) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,800 shares of the financial services provider’s stock, valued at approximately $167,000. US Bancorp DE owned 0.32% of Bancorp 34 at the end of the most recent reporting period. Institutional investors and hedge funds own 16.01% of the company’s stock.

Bancorp 34 Company Profile

Bancorp 34, Inc operates as the holding company for Bank 34 that offers various banking services to individuals and businesses in the United States. It accepts various deposit products, such as savings accounts, checking accounts, money market accounts, demand deposits, NOW accounts, and certificates of deposit, as well as commercial checking accounts and related services, including online cash management.

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