What are Value Stocks?
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.
The following stocks are considered to be notable value stocks in the financial services sector:
- Meridian (NASDAQ:MRBK) - P/E: 8.52
- Intl General Insurance (NASDAQ:IGIC) - P/E: 6.07
- Old Second Bancorp (NASDAQ:OSBC) - P/E: 6.61
- OceanFirst Financial (NASDAQ:OCFC) - P/E: 8.96
- Peoples Bancorp (NASDAQ:PEBO) - P/E: 8.44
Meridian has reported Q4 earnings per share at $0.05, which has decreased by 85.71% compared to Q3, which was 0.35. Its most recent dividend yield is at 3.83%, which has decreased by 1.51% from 5.34% in the previous quarter.
This quarter, Intl General Insurance experienced a decrease in earnings per share, which was $0.83 in Q2 and is now $0.79. The company's most recent dividend yield sits at 0.33%, which has decreased by 0.05% from 0.38% last quarter.
This quarter, Old Second Bancorp experienced a decrease in earnings per share, which was $0.55 in Q3 and is now $0.42. The company's most recent dividend yield sits at 1.33%, which has decreased by 0.14% from 1.47% last quarter.
OceanFirst Financial has reported Q4 earnings per share at $0.45, which has increased by 40.62% compared to Q3, which was 0.32. Most recently, the company reported a dividend yield of 4.84%, which has decreased by 0.9% from last quarter's yield of 5.74%.
Peoples Bancorp saw an increase in earnings per share from 0.9 in Q3 to $1.04 now. Its most recent dividend yield is at 4.93%, which has decreased by 1.21% from 6.14% in the previous quarter.
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.