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Village Bank & Trust Finl (NASDAQ:VBFC) Stock, Option Chain

Village Bank & Trust Finl

Village Bank and Trust Financial Corp is a bank holding company. The banking is the primary operating business of the company. It offers a range of banking and related financial services, including checking, savings, certificates of deposit and other depository services, and commercial, real estate, and consumer loans, primarily in the Richmond, Virginia and Williamsburg, Virginia metropolitan areas. Its operating segment includes Commercial Banking and Mortgage Banking. The company generates maximum revenue from the Commercial Banking segment, which provides the mortgage banking segment with the short-term funds needed to originate mortgage loans through a warehouse line of credit and charges the mortgage banking segment interest based on the commercial banking segment's cost of funds.

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LPLA

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LPL Financial Holdings (NASDAQ: LPLA), along with its subsidiaries LPL Financial LLC, has completed the acquisition of Altria Wealth Solutions, Inc. (&#34;Altria&#34;).

LPL Financial Acquires Altria Wealth Solutions, Appoints New CEO

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Village Bank and Trust Financial Corp. - Common Stock

Village Bank and Trust Financial Corp

LPL Financial Holdings (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lpla#NASDAQ">LPLA</a>), along with its subsidiaries LPL Financial LLC, has completed the acquisition of Altria Wealth Solutions, Inc. (&quot;Altria&quot;). Further, the company announced a change in its leadership with the termination of its existing president and chief executive officer&nbsp;and the appointment of a new CEO.
<h2>Details of Acquisition Pursued by LPLA</h2>
Atria Wealth Solutions, Inc., based in New York, boasts a network of almost 2,400 advisors and serves around 150 banks and credit unions, managing an impressive $100 billion in brokerage and advisory assets. Notably, brokerage accounts comprise nearly 80% of the firm&#39;s assets, with the rest in advisory holdings.
Per the acquisition announcement dated Feb. 13, 2024, LPLA expected onboarding and integration costs to be between $300 million and $350 million. Despite these expenses, the long-term financial projections are promising, with LPLA anticipating additional earnings of $140 million annually from the deal.
LPL Financial expects to meet or exceed its retention target of 80%. Altria will function as a wholly owned portfolio company through the onboarding of Altria advisors, which is anticipated to be completed in mid-2025.
The acquisition aligns with LPL Financial&#39;s goal to empower independent financial advisors and institutions nationwide by providing them with comprehensive support and resources. The acquisition of Atria Wealth Solutions builds upon LPL Financial&#39;s previous successful ventures, including the acquisition of National Planning Holdings and Waddell &amp; Reed in 2017 and 2021, respectively.
Further, LPLA considers acquisitions a core part of its business expansion strategy. In May, the company acquired Crown Capital, while in September, it agreed to acquire The Investment Center, Inc., reinforcing its strategy of expanding its advisor network and enhancing offerings.
<h2>LPL Financial Leadership Change</h2>
LPLA&#39;s board of directors terminated the company&#39;s president and chief executive officer, Dan H. Arnold for violation of the company&#39;s commitment to a respectful workplace. He has submitted his resignation from the board as well.
The dismissal is based on the cause recommended by a special committee of directors following an investigation by an external law firm, which concluded that Arnold had made statements to employees that breached LPLA&#39;s code of conduct.
The board has appointed Rich Steinmeier (presently the company&#39;s managing director and chief growth officer) as interim CEO, effective immediately.
James Putnam, chair of the board of directors at LPL Financial, stated, &quot;LPL&#39;s Code of Conduct requires every employee, no matter their title, to foster a supportive and professional workplace and show respect to each other, our stakeholders and the broader community, Mr. Arnold failed to meet these obligations.&quot;
<h2>LPL Financial&#39;s Zacks Rank &amp; Price Performance</h2>
Year to date, shares of LPL Financial have risen 1% compared with the industry&#39;s growth of 17.7%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/4d/79979.jpg?v=1650055316" />
Image Source: Zacks Investment Research
Currently, LPLA carries a Zacks Rank #3 (Hold).
<h2>Merger &amp; Acquisition Deal Pursued by Other Finance Firms</h2>
This week, Byline Bancorp, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/by#NYSE">BY</a>) entered into a cash and stock merger deal worth $41 million with First Security Bancorp, Inc. in an effort to strengthen its position in Chicago.
The merger is expected to solidify Byline&#39;s position as Chicago&#39;s largest community bank, with assets under $10 billion, loans of $7.3 billion and deposits worth $7.8 billion, along with 45 branches across the greater Chicago metropolitan area.
Last week, TowneBank (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/town#NASDAQ">TOWN</a>) agreed to acquire Village Bank and Trust Financial Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vbfc#NASDAQ">VBFC</a>). The all-cash transaction is valued at $120 million.
The deal is anticipated to be roughly 6% accretive to TOWN&#39;s 2025 earnings per share, assuming the execution of cost savings on a GAAP basis. Further, TOWN projects a roughly 1% improvement in common equity tier 1 capital and an 80-basis points improvement in efficiency ratio next year.
<a href="https://www.zacks.com/stock/news/2344611/lpl-financial-acquires-altria-wealth-solutions-appoints-new-ceo?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2344611">To read this article on Zacks.com click here.</a>

Trading Halt: Halt status updated at 8:25:00 AM ET: Quotation Resumption: News and Resumption Times

Trading Halt: Halted at 7:55:00 a.m. ET - Trading Halt: Halt News Pending

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Village Bank &amp; Trust Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VBFC#NASDAQ">VBFC</a>) reported quarterly earnings of $1.14 per share. This is a 21.92 percent decrease over earnings of $1.46 per share from the same period last year.

Village Bank & Trust Finl Q4 EPS $1.14 Down From $1.46 YoY

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Shares of financial stocks are trading higher amid strong market sentiment following the Fed's decision to leave rates unchanged.

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Shares of several banking and financial services stocks are trading higher as stocks rise amid a decline in Treasury yields.

<h3>What is a Value Stock?</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>The following stocks are considered to be notable value stocks in the financial services sector:</h2>
<ol>
<li>Comerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>) - P/E: 5.4</li>
<li>Village Bank &amp; Trust Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VBFC#NASDAQ">VBFC</a>) - P/E: 7.9</li>
<li>Associated Banc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASB#NYSE">ASB</a>) - P/E: 7.28</li>
<li>HSBC Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSBC#NYSE">HSBC</a>) - P/E: 6.8</li>
<li>OptimumBank Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPHC#NASDAQ">OPHC</a>) - P/E: 4.34</li>
</ol>
This quarter, Comerica experienced a decrease in earnings per share, which was $2.39 in Q1 and is now $2.01. Most recently, the company reported a dividend yield of 5.48%, which has decreased by 1.18% from last quarter's yield of 6.66%.
Village Bank &amp; Trust Finl saw a decrease in earnings per share from 1.46 in Q4 to $1.04 now. The company's most recent dividend yield sits at 1.19%, which has decreased by 0.05% from 1.24% last quarter. 
Most recently, Associated Banc reported earnings per share at $0.56, whereas in Q1 earnings per share sat at $0.66. Most recently, the company reported a dividend yield of 4.61%, which has decreased by 0.16% from last quarter's yield of 4.77%.
This quarter, HSBC Holdings experienced a decrease in earnings per share, which was $2.6 in Q1 and is now $1.7. Its most recent dividend yield is at 0.96%, which has decreased by 4.62% from 5.58% in the previous quarter.
OptimumBank Hldgs has reported Q1 earnings per share at $0.16, which has decreased by 33.33% compared to Q4, which was 0.24. 
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.

OPHC

5 Value Stocks In The Financial Services Sector

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