FENTON, Mich. – Fentura Financial, Inc. (OTCQX: FETM), the holding company for The State Bank, has declared a regular dividend of $0.11 per share. This dividend is for shareholders on record as of August 5, 2024, with the payment due on August 12, 2024.
Fentura Financial, established in 1987, operates on the OTCQX exchange under the symbol FETM. The company has been acknowledged as one of the Top 50 performing stocks on this exchange. Its subsidiary, The State Bank, is a commercial, retail, and trust bank with headquarters in Fenton, Michigan.
With 20 full-service offices and one loan production center, it serves a diverse range of counties in Michigan, including Bay, Genesee, Ingham, Jackson, Livingston, Oakland, Saginaw, and Shiawassee.
The State Bank offers a comprehensive suite of banking services, including consumer, mortgage, SBA, commercial, and wealth management banking and advisory services. Moreover, the bank emphasizes community support through philanthropy and volunteering in the regions it operates.
The press release also contained forward-looking statements regarding the company's anticipated growth in earning assets and net income. However, these statements come with the caveat that they are subject to various risks and uncertainties that could cause actual results to differ materially. Such risks include economic conditions, market competition, governmental regulations, and technological changes that could impact the company's business operations.
This announcement is based on a press release statement from Fentura Financial, Inc. It's important to note that forward-looking statements should not be relied upon as guarantees of future performance or results and are subject to risks, uncertainties, and other factors that could influence actual outcomes and results to differ materially from those anticipated in the forward-looking statements.
InvestingPro Insights
Fentura Financial, Inc. (OTCQX: FETM) has recently declared a dividend, showcasing its commitment to returning value to shareholders. In light of this announcement, key financial metrics and InvestingPro Tips offer additional insights into the company's financial health and stock performance.
InvestingPro Data indicates a stable P/E ratio of 10.72, with a slight increase to 10.84 over the last twelve months as of Q1 2024, suggesting that the market has maintained consistent expectations of the company's earnings. The company's market capitalization stands at a modest $148.71 million, which is reflective of its size in the regional banking sector.
Despite a slight revenue decline of 0.9% over the last twelve months as of Q1 2024, Fentura Financial has demonstrated a robust operating income margin of 30.63% in the same period, indicating efficient management of its operations.
InvestingPro Tips reveal that Fentura Financial has raised its dividend for 6 consecutive years, signaling a strong commitment to shareholder returns. Moreover, the stock has experienced significant return over the last week, with a price total return of 11.94%. This performance is part of a longer-term trend, with the stock achieving a high return over the last decade. However, it is important to note that the Relative Strength Index (RSI) suggests the stock is currently in overbought territory, which could indicate a potential pullback in the near term.
For investors interested in a deeper dive into Fentura Financial's performance and potential investment opportunities, there are additional InvestingPro Tips available. By using the coupon code PRONEWS24, readers can get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription to access these valuable insights. Visit https://www.investing.com/pro/FETM to explore the full range of tips, which includes analysis on factors such as gross profit margins and trading positions relative to the 52-week high.
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