Latest news for Pinnacle Bankshares (OTC:PPBN) Stock

Pinnacle Bankshares

PINNACLE BANKSHARES

Pinnacle Bankshares Corp is a bank holding company. It offers commercial and retail banking products and services including checking, savings and time deposits, individual retirement accounts, merchant bankcard processing, residential and commercial mortgages, loans, commercial lines of credit, and letters of credit. The company also offers investment, insurance, and annuity products.

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WESTBURY BANCORP INC by Westbury Bancorp, Inc.

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Mid-Atlantic Community Banks Are Outperforming Their Peers

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Pinnacle Bankshares Announces Up to $500K Share Buyback

PINNACLE BANKSHARES CORP by Pinnacle Bankshares Corp.

Pinnacle Bankshares Corp

Pinnacle Bankshares GAAP EPS of $1.27, revenue of $10.54M

Pinnacle Bankshares raises quarterly dividend bu 25% to  $0.25/share

Pinnacle Bankshares declares $0.25 dividend

Pinnacle Bankshares GAAP EPS of $0.95, revenue of $17.22M

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Pinnacle Bankshares Corporation Announces Record High 3rd Quarter & Year-to-Date 2023 Earnings

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Pinnacle Bankshares Corporation Increases Quarterly Cash Dividend to 25 Cents per Share

OTC Markets Group Announces the 2024 OTCQX Best 50

Pinnacle Bankshares Corporation Announces Quarterly Cash Dividend of 25 Cents per Share

Pinnacle Bankshares Corporation Announces Record High 2023 Earnings

Pinnacle Bankshares Corporation Announces First Quarter 2024 Earnings

Pinnacle Bankshares Corporation Announces Changes to its Board of Directors and Approval of a new Incentive Stock Plan

Pinnacle Bankshares Corporation Announces 2nd Quarter/Mid-Year 2024 Earnings

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48 Stocks Trading Ex-Dividend Today, Thursday, Nov. 19, 2020:

A disproportionate number of the best-performing community banks hail from the Mid-Atlantic region, according to data from OTC Markets Group.

Of April&#39;s&nbsp;12 best-performing securities on the OTCQX Banks Index, which tracks the performance of financial institutions trading on the OTC Markets, seven&nbsp;hail from the area generally classified as the Mid-Atlantic region&mdash;Pennsylvania, Maryland, Delaware, Virginia, Washington D.C., and parts of North Carolina.

<table border="1" cellpadding="1" cellspacing="1" style="width:450px">
	<tbody>
		<tr>
			<td>Security</td>
			<td>April Total Return</td>
		</tr>
		<tr>
			<td>Communities First Financial Corporation (OTCQX:<a class="ticker" href="/stock/CFST#OTCQX">CFST</a>)</td>
			<td>7.29%</td>
		</tr>
		<tr>
			<td>Coastal Carolina Bancshares Inc (OTCQX:<a class="ticker" href="/stock/CCNB#OTCQX">CCNB</a>)</td>
			<td>7.11%</td>
		</tr>
		<tr>
			<td>Westbury Bancorp, Inc. (OTCQX:<a class="ticker" href="/stock/WBBW#OTCQX">WBBW</a>)</td>
			<td>6.19%</td>
		</tr>
		<tr>
			<td>Franklin Financial Services Corp. (OTQX: FRAF)</td>
			<td>6.11%*</td>
		</tr>
		<tr>
			<td>Highlands Bankshares, Inc. (OTCQX:<a class="ticker" href="/stock/HLND#OTCQX">HLND</a>)</td>
			<td>5.3%*</td>
		</tr>
		<tr>
			<td>Croghan Bancshares, Inc. (OTCQX:<a class="ticker" href="/stock/CHBH#OTCQX">CHBH</a>)</td>
			<td>5.17%</td>
		</tr>
		<tr>
			<td>Pinnacle Bankshares Corp. (OTCQX:<a class="ticker" href="/stock/PPBN#OTCQX">PPBN</a>)</td>
			<td>4.76%*</td>
		</tr>
		<tr>
			<td>Delmar Bancorp (OTCQX:<a class="ticker" href="/stock/DBCP#OTCQX">DBCP</a>)</td>
			<td>4.57%*</td>
		</tr>
		<tr>
			<td>Harleysville Financial Corp. (OTCQX:<a class="ticker" href="/stock/HARL#OTCQX">HARL</a>)</td>
			<td>4.03%*</td>
		</tr>
		<tr>
			<td>South Atlantic Bancshares, Inc. (OTCQX:<a class="ticker" href="/stock/SABK#OTCQX">SABK</a>)</td>
			<td>4.02%</td>
		</tr>
		<tr>
			<td>Quaint Oak Bancorp, Inc. (OTCQX:<a class="ticker" href="/stock/QNTO#OTCQX">QNTO</a>)</td>
			<td>3.6%*</td>
		</tr>
		<tr>
			<td>Delmarva Bancshares, Inc. (OTCQX:<a class="ticker" href="/stock/DLMV#OTCQX">DLMV</a>)</td>
			<td>3.43%*</td>
		</tr>
	</tbody>
</table>

*Indicates bank is located in Pennsylvania, Maryland, or Virginia

The strong performance is the latest example of banks in the region having success on the public markets. Of the 27 community banks to join the OTCQX Best Market in 2018, nearly a third&mdash;such as Delmarva, Revere Bank (OTCQX:<a class="ticker" href="/stock/REVB#OTCQX">REVB</a>), and Carter Bank &amp; Trust (OTCQX:<a class="ticker" href="/stock/CARE#OTCQX">CARE</a>)&mdash;are Mid-Atlantic firms. And, as of the end of April, three of the top 10 holdings in the index, Revere Bank, Isabella Bank Corp. (OTCQX:<a class="ticker" href="/stock/ISBA#OTCQX">ISBA</a>) Franklin Financial Services Corp. (OTCQX:<a class="ticker" href="/stock/FRAF#OTCQX">FRAF</a>), are headquartered in the region.

This area of the country has long-benefited from a healthy lending environment. In 2016, <a href="https://www.spglobal.com/marketintelligence/en/news-insights/trending/q_iq5rkwsore8f0vnnnobq2">S&amp;P Global found</a> that median loan growth for local banks with less than $10 billion in assets had &ldquo;been strongest in the mid-Atlantic, driven specifically by commercial and industrial lending.&rdquo; 
Sandler O&#39;Neill analyst Frank Schiraldi noted at the time that the region&rsquo;s stable economic base was leading people to migrate to the area, which then, in turn, leads to more stability.

In the last quarter of 2018, Southeast and Mid-Atlantic community banks <a href="https://www.spglobal.com/marketintelligence/en/news-insights/trending/fulQgF8aWD8hBpRa7OubBg2">led all other areas of the country </a>in C&amp;I loan growth, with 2.5 percent and 2.2 percent growth respectively, compared to the 1.7 percent national average. The region also led the nation in gross loan and lease growth, CRE &amp; multifamily loan growth, and mortgage &amp; home equity loan growth.

As more businesses and jobs flock to this area of the country ((Amazon.com Inc&rsquo, NASDAQ:<a class="ticker" href="/stock/AMZN#NASDAQ">AMZN</a>) decision to <a href="https://www.globest.com/2018/12/12/the-ripple-effects-of-amazons-move-to-crystal-city/?slreturn=20190428164324">build its HQ2</a> in Crystal City, Virginia was a big win), the Mid-Atlantic economy looks poised to continue growing. Such an occurrence could only be a tailwind for the community banks looking to help fund that growth.

OTC Markets is a content partner of Benzinga

Pinnacle Bankshares Corporation (OTC: <a class="ticker" href="/stock/ppbn#OTC">PPBN</a>) announced 
 today that its Board of Directors has approved a plan to repurchase up 
 to $500,000 of the Company's outstanding common stock through May 12, 
 2014. The Company intends to repurchase shares on an ongoing basis 
 through open market purchases, block trades and privately-negotiated 
 purchases. Actual repurchases will be subject to the availability of 
 stock, general market conditions, the trading price of stock, 
 alternative uses for capital and the Company's capital ratios. The 
 repurchase program may be suspended, modified or discontinued at any 
 time, and the Company has no obligation to repurchase any amount of its 
 common stock under the program.
 

 
 <a href="http://www.benzinga.com/pressreleases/13/11/b4096526/pinnacle-bankshares-corporation-announces-share-repurchase-program">See full press release</a>

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