Latest news for Bay Community (OTC:CBOBA) Stock

Bay Community Bancorp is a community banking institution headquartered in Oakland. It provides a range of loans such as business loans, property loans, construction loans, personal loans, and other deposit products. Further, it offers business banking, personal banking, non-profit banking, and merchant banking services. The Bank's primary source of revenue is generated from providing loans to customers who are predominately small and middle-market businesses and individuals residing in the surrounding areas.

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Markets

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CBOBA

On Friday, shares of Bay Community Bancorp (OTC: CBOBA) experienced volatile short activity. After the activity, the stock price went up +0% to $8.

The overall sentiment for CBOBA has been Bearish.

Short Volatility Alert: Bay Community Bancorp

BAY COMMUNITY BANCORP by Bay Community Bancorp

Bay Community Bancorp

News

Offerings

STBX

Starbox Group Holdings Files For Offering Of Up To 81.5M Class A Ordinary Shares By Selling Shareholders

Home Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBCP#NASDAQ">HBCP</a>) reported quarterly earnings of $1.02 per share which beat the analyst consensus estimate of $0.98 by 4.08 percent. This is a 15.7 percent decrease over earnings of $1.21 per share from the same period last year. The company reported quarterly sales of $29.393 million which beat the analyst consensus estimate of $28.467 million by 3.25 percent. This is a 3.01 percent decrease over sales of $30.306 million the same period last year.

Earnings

Earnings Beats

HBCP

Home Bancorp Q2 2024 GAAP EPS $1.02 Beats $0.98 Estimate, Sales $29.393M Beat $28.467M Estimate

Donald Trump's vice-presidential pick, Senator J.D. Vance, adds a former venture capitalist to the GOP ticket for <a href="https://www.benzinga.com/topic/2024-presidential-election">the 2024 presidential election</a>. 
It also comes as business leaders in the tech space <a href="https://www.benzinga.com/news/24/07/39784950/elon-musk-to-pour-45m-monthly-in-pro-trump-super-pac-joined-by-palantirs-joe-lonsdale-winklevoss-twi">donate to the former president.</a>
But Vance has favored breaking up large tech companies, namely Google&#8217;s parent company, Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>).
What Happened: Earlier this year, Vance <a href="https://x.com/JDVance1/status/1761041871617278246">tweeted</a>: "It's time to break Google up. This matters far more than any other election integrity issue. The monopolistic control of information in our society resides with an explicitly progressive technology company.&#8221;
The post came ahead of Vance&#8217;s attending an event for antitrust reform. The event included Federal Trade Commission Chair Lina Khan and Senator Elizabeth Warren (D-Mass), who have been viewed as two figures looking to break up tech companies, as <a href="https://www.theverge.com/24199314/jd-vance-donald-trump-vp-antitrust-big-tech-ftc-lina-khan-elizabeth-warren-google">reported </a>by The Verge.
"The fundamental question to me is, how do we build a competitive marketplace that is pro-innovation, pro-competition, that allows consumer to have the right choices and isn't just so obsessed on pricing power within the market that it sort of ignores all the other things that really matter?" Vance asked the audience.
At the event, Vance praised Khan, a President Joe Biden appointee. Republicans, in contrast, criticize Khan's blocking of tech deals.
"I look at Lina Khan as one of the few people in the Biden administration that I actually think is doing a pretty good job," Vance said.
One of the reasons Vance is against big tech centers on the perceived control big-name companies have over what people can say and post online. Vance alleged that voters will see results on Google that could be "explicitly biased towards Democrats" and called this "a threat to democracy."
At the event, Vance targeted Google and Facebook, a unit of Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>).
"I think that Google and Facebook have really distorted our political process. And I think a lot of my friends on the left would agree with me, but they might disagree with me directionally about how to fix that problem,&#8221; he said. "We have to stop the craziness, and I think one way to do it is to stop the way that these companies control the flow of information in our country."
Read Also: <a href="https://www.benzinga.com/general/politics/24/07/39780777/trump-picks-senator-j-d-vance-as-running-mate-musk-says-great-choice-for-vp">Trump Picks Senator J.D. Vance As Running Mate: Musk Says &#8216;Great Choice&#8217; For VP</a>
Why It's Important: While Vance has vocally called for Google to be broken up, his appointment as the running mate of Trump doesn't mean it will happen. Vice presidents don't specifically set policy and oftentimes don't have a ton of power.
Having Vance in the White House could lead to more discussion from Trump and Congress on how to break up big technology companies and improve antitrust legislation.
The public callouts against Google come as Vance <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39799850/5-things-you-might-not-know-about-j-d-vance-hillbilly-elegy-author-bitcoin-holder-first-mi">is an investor in</a> video-sharing platform Rumble Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>), a company that <a href="https://www.benzinga.com/news/24/05/38807076/trump-media-firms-tech-ad-partner-rumble-sues-google-for-1b-over-alleged-ad-monopoly">has filed multiple lawsuits </a>against the search engine company. 
Lawsuits from Rumble have centered on favoring YouTube in search results and digital advertising practices.
Vance also counts the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) as one of his largest investments.
The U.S. Justice Department <a href="https://www.benzinga.com/news/large-cap/24/05/38741108/google-stares-down-largest-tech-antitrust-ruling-in-2-decades-is-at-t-style-breakup-next">also filed a lawsuit</a> against Google and has circled on the big technology company over antitrust concerns.
For Alphabet investors, the big question is if a breakup of the company could unlock shareholder value and be favored by some.
Needham analyst Laura Martin called Alphabet a top large-cap stock pick for 2024 and has a Buy rating.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39623763/breaking-up-google-would-drive-10-15-upside-for-shareholders-analyst-says">Martin said Google </a>is worth more in a sum of the parts than as one company and she welcomes attempts to break up the company.
"We believe the EU will ultimately require GOOGL to spin off its 3rd-party network ad business," Martin said.
Martin said breaking up Google could add 10% to 15% of upside for shareholders with YouTube potentially worth $455 billion to $634 billion on its own.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/05/38829726/rumble-q1-earnings-highlights-revenue-miss-eps-miss-lawsuit-filed-against-google">Rumble Q1 Earnings Highlights: Revenue Miss, EPS Miss, Lawsuit Filed Against Google</a></li>
</ul>
Image: Shutterstock

Politics

Tech

GOOG

GOOGL

Trump's New Running Mate J.D. Vance Wants To Break Up Google: Could 2024 Election Be Bad For Big Tech?

Cohen &amp; Steers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNS#NYSE">CNS</a>) reported quarterly earnings of $0.68 per share which beat the analyst consensus estimate of $0.67 by 1.49 percent. This is a 2.86 percent decrease over earnings of $0.70 per share from the same period last year. The company reported quarterly sales of $121.72 million which beat the analyst consensus estimate of $121.48 million by 0.20 percent. This is a 0.90 percent increase over sales of $120.63 million the same period last year.

UPDATE: Cohen & Steers Q2 Adj $0.68 Beats $0.67 Estimate, Sales $121.72M Beat $121.48M Estimate

$800 million aggregate principal amount of&nbsp;4.600%&nbsp;Notes due 2027
$500&nbsp;million aggregate principal amount of&nbsp;4.900%&nbsp;Notes due 2035
$1.20 billion aggregate principal amount of&nbsp;5.350%&nbsp;Notes due 2055
BlackRock intends to use the net proceeds of the offering to fund a portion of the cash consideration for BlackRock&#39;s proposed acquisition of Preqin Holding Limited (&quot;Preqin&quot; and the &quot;Preqin Transaction&quot;).&nbsp;

BlackRock Prices $2.5B Debt Offering Consisting Of Three Tranches Of Senior Unsecured Notes; Intends To Use Net Proceeds To Fund Portion Of Cash Consideration For Preqin Deal

Energy Transfer LP Files For Offering Of Up To 5.8M Common Units By The Selling Unitholders

Management

Crown Castle Says Reduced Staffing & Field Office Locations, Sees About $100M Annualized Cost Savings

Aspira Women's Health Inc Files For Offering Of Up To 2.5M Shares By The Selling Stockholders

Guidance

STLD

Steel Dynamics Says Chairman And Ceo Mark Millett Says We Remain Confident That Market Conditions Are In Place For Domestic Steel Consumption To Be Solid In H2 2024; We Will Be Benefiting From Additional 1.1M Tons Of Value-Added Steel Products In H2 Of This Year And Fully In 2025

WIIM

SAI.TECH Global shares are trading higher after the company's Board authorized a buyback of up to $1 million and up to 1 million shares.

Community Financial System, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBU#NYSE">CBU</a>) (the "Company") announced that it has declared a quarterly cash dividend of $0.46 per share on its common stock. The dividend will be payable on October 10, 2024 to shareholders of record as of September 13, 2024.
The $0.46 cash dividend represents a $0.01, or 2.2%, increase and an annualized yield of 3.25% based on the closing share price of $56.63 on July 16, 2024. President and Chief Executive Officer, Dimitar Karaivanov, commented, "Our consistent profitability, rooted in our financial services business model, coupled with our strong cash flows, have positioned us to increase our dividend for 32 consecutive years. We have returned over $750 million to our Shareholders through dividends over the last 10 years and believe a growing dividend demonstrates our commitment to provide favorable long term returns to our Shareholders."

Dividends

Community Financial System Increases Its Quarterly Dividend From $0.45 To $0.46 Per Share

Buybacks

SAI.TECH Global Board Authorizes Buyback Of Up To $1M And Up To 1M Shares

However, there can be no assurance that that the Reverse Stock Split will increase the Company&#39;s stock price sufficiently in order to meet any requirements and policies of the NYSE American.
The Reverse Stock Split will take legal effect at 11:01 P.M. Eastern Time on July 17, 2024, and the Company&#39;s Common Stock will open for trading on the OTC Markets on July 18, 2024, on a post-split basis, under the existing ticker symbol &quot;SCPX&quot; but with new CUSIP number 42237K508.

Stock Split

SCPX

Scorpius Holdings Board Approves 1-For-200 Reverse Stock Split Of Common Stock

Dividends on common stock to be payable Oct. 1; dividends on preferred stock to be payable in August and September.
The Regions Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RF#NYSE">RF</a>) Board of Directors today declared the following cash dividends on its common shares, Series B preferred shares, Series C preferred shares, Series D preferred shares and Series E preferred shares:
<ul>
<li>A cash dividend of $0.25 on each share of outstanding common stock of the Company, payable on Oct. 1, 2024, to stockholders of record at the close of business on Sept. 3, 2024. The dividend of $0.25 represents a $0.01 increase over the most recent quarterly common dividend.</li>
<li>A cash dividend of $15.9375 per share of Series B Preferred Stock (equivalent to approximately $0.398438 per depositary share), payable on Sept. 16, 2024, to stockholders of record at the close of business on Sept. 3, 2024.</li>
<li>A cash dividend of $14.25 per share of Series C Preferred Stock (equivalent to approximately $0.35625 per depositary share), payable on Aug. 15, 2024, to stockholders of record at the close of business on Aug. 1, 2024.</li>
<li>A cash dividend of $1,437.50 per share of Series D Preferred Stock (equivalent to approximately $14.375 per depositary share), payable on Sept. 16, 2024, to stockholders of record at the close of business on Sept. 3, 2024.</li>
<li>A cash dividend of $11.125 per share of Series E Preferred Stock (equivalent to approximately $0.278125 per depositary share), payable on Sept. 16, 2024, to stockholders of record at the close of business on Sept. 3, 2024.</li>
</ul>

Regions Financial Increases Quarterly Common Dividend From $0.24 To $0.25 Per Share

First Industrial Realty Trust shares are trading higher after the company reported better-than-expected Q2 FFO results.

BYND

Beyond Meat shares are trading lower following a report suggesting the company's liquidity has weakened and it is engaging bondholders for debt discussions.

Steel Dynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) reported quarterly earnings of $2.72 per share which missed the analyst consensus estimate of $2.86 by 4.9 percent. The company reported quarterly sales of $4.632 billion which beat the analyst consensus estimate of $4.434 billion by 4.46 percent. This is a 8.85 percent decrease over sales of $5.082 billion the same period last year.

Earnings Misses

Steel Dynamics Q2 2024 GAAP EPS $2.72 Misses $2.86 Estimate, Sales $4.632B Beat $4.434B Estimate

F N B (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNB#NYSE">FNB</a>) reported quarterly earnings of $0.34 per share which missed the analyst consensus estimate of $0.35 by 2.86 percent. This is a 12.82 percent decrease over earnings of $0.39 per share from the same period last year. The company reported quarterly sales of $406.73 million which missed the analyst consensus estimate of $408.11 million by 0.34 percent. This is a 0.69 percent decrease over sales of $409.55 million the same period last year.

F N B Q2 Adj $0.34 Misses $0.35 Estimate, Sales $406.73M Miss $408.11M Estimate

Beyond Meat, the purveyor of plant-based meat substitutes, has engaged with a group of bondholders to initiate discussions about a balance-sheet restructuring, according to people familiar with the matter.&nbsp;
The Los Angeles-based company's liquidity has diminished over the past several quarters as it continues to burn cash. The group of bondholders, which has interests in Beyond Meat's $1.1 billion of convertible notes, is working with the law firm Akin Gump Strauss Hauer &amp; Feld, the people familiar with the matter said. The company is represented by Latham &amp; Watkins.
<a href="https://www.wsj.com/articles/beyond-meat-engages-bondholders-for-restructuring-talks-7de6b8ae?mod=Searchresults_pos1&amp;page=1" title="https://www.wsj.com/articles/beyond-meat-engages-bondholders-for-restructuring-talks-7de6b8ae?mod=Searchresults_pos1&amp;page=1">https://www.wsj.com/articles/beyond-meat-engages-bondholders-for-restructuring-talks-7de6b8ae?mod=Searchresults_pos1&amp;page=1</a>

'Beyond Meat Engages Bondholders for Restructuring Talks' - WSJ

First Industrial Realty Trust Boosts 2024 NAREIT FFO Guidance $0.03 At The Midpoint To $2.57 - $2.65 Per Share/Unit; Est $2.59

Bay Community Bancorp effects share repurchase program

Community Bank of the Bay declares $0.05 dividend

Community Bank of the Bay GAAP EPS of $0.36, revenue of $11.5M

Bay Community Bancorp says CFO Northway steps down from the role

Community Bank of the Bay goes ex dividend tomorrow

Community Bank of the Bay raises dividend by 10% to $0.055

Community Bank of the Bay reports Q1 results

Bay Community Bancorp: One Down, Many More To Go

PDLB

Press Releases

Bay Community Bancorp Earns $1.85 Million in Second Quarter 2023; Declares Quarterly Cash Dividend of $0.05 Per Share

Bay Community Bancorp Announces Share Repurchase Program

General

Community Bank of the Bay Expands its Reach with New San Jose Branch After Nearly Three Decades in Business

Bay Community Bancorp Earns $3.12 Million in Third Quarter 2023; Declares Quarterly Cash Dividend of $0.05 Per Share

Bay Community Bancorp Announces CFO Retirement

Bay Community Bancorp Earns $1.31 Million in Fourth Quarter 2023 and a Record $8.23 Million for the Year; Declares Quarterly Cash Dividend of $0.05 Per Share

Bay Community Bancorp Earns $1.66 Million in First Quarter 2024; Increases Quarterly Cash Dividend by 10% to $0.055 Per Share

Small Cap

CBC BANCORP ANNOUNCES THE ACQUISITION OF BAY COMMUNITY BANCORP

Bay Community

On Friday, shares of Bay Community Bancorp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CBOBA#OTC">CBOBA</a>) experienced volatile short activity. After the activity, the stock price went up +0% to $8.

The overall sentiment for CBOBA has been Bearish.

The signal from the volatility alert is trending Bearish. Therefore, the recommendation is to Strong Sell.

The volatility alert was produced on the prior trading date, 6/23/2023 with a volatility change of +396.37%. The current volatility indicator stands at 14.805.

Overview: The securities lending volatility indicator is produced by Tidal Markets, in partnership with Benzinga Insights. Securities lending primarily serves the purpose of providing liquidity to short sellers. When unusual activity occurs in the securities lending markets, it acts as an upstream indicator to what is likely to occur downstream in the regular stock market.

Understanding the Volatility Alert: Overall sentiment is considered &quot;bear&quot; when broad market activity of the stock has been shown to indicate a negative directional basis, or is considered &quot;bull&quot; when indicating a positive directional basis. The securities lending volatility indicator provides a signal when it detects unusual short activity. Unusual short activity is based off a computer generated algorithmic formula utilizing securities lending trade details such as the volume of shares being shorted, the rate being paid to short the shares, and the type of collateral being posted - amongst other variables. The current volatility is the respective trading day&#39;s calculated securities lending volatility value. The volatility percentage change is the percentage difference in volatility between the two most recent days. The recommendation is a suggestive strategy, inferred from the strength of the Signal Trending, Current Volatility, and Volatility % Change. Recommendations may include, &quot;Strong Buy&quot;, &quot;Strong Sell&quot;, &quot;Increase Short Exposure&quot;, &quot;Decrease Short Exposure&quot;, or &quot;Market Neutral&quot;.

ANY INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE OR IMPLY INVESTMENT ADVICE

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Bay Community

News

Latest news for Bay Community (OTC:CBOBA) Stock

Monday, June 26, 2023