tag:blogger.com,1999:blog-235433516644980443.post1086795976127481307..comments2024-03-27T05:08:10.195-04:00Comments on Jeff For Banks: A Bank Analyst Makes Recommendations. I Make a List.Jeff Marsicohttp://www.blogger.com/profile/12153599647481141591noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-235433516644980443.post-48733868678998853582018-07-22T20:02:27.449-04:002018-07-22T20:02:27.449-04:00Done!
Thank you for reading!Done!<br /><br />Thank you for reading!Jeff Marsicohttps://www.blogger.com/profile/12153599647481141591noreply@blogger.comtag:blogger.com,1999:blog-235433516644980443.post-5209929921775118112018-07-16T15:52:43.967-04:002018-07-16T15:52:43.967-04:00can you send a copy to ravity@gmail.com plz thank ...can you send a copy to ravity@gmail.com plz thank you!Ravi Yhttps://www.blogger.com/profile/09381958735348350649noreply@blogger.comtag:blogger.com,1999:blog-235433516644980443.post-65315199078750550402018-07-12T11:30:22.334-04:002018-07-12T11:30:22.334-04:00The "Balance" column is the only column ...The "Balance" column is the only column where I didn't select institutions because they were small and low trading volumes. All of the other four columns were numbers based. No judgement other than to find the highest asset growth rate without acquisition.<br /><br />Each bank should be evaluated on its individual merits. But in terms of the criteria that Boenning used, there ya have it.<br /><br />I e-mailed you the list.<br /><br />Thank you for reading and your excellent comment.<br /><br />~ Jeff<br /><br />Jeff Marsicohttps://www.blogger.com/profile/12153599647481141591noreply@blogger.comtag:blogger.com,1999:blog-235433516644980443.post-90616774984650799072018-07-11T13:14:30.964-04:002018-07-11T13:14:30.964-04:00Good afternoon,
Would appreciate opportunity to r...Good afternoon,<br /><br />Would appreciate opportunity to review the 78 bank spreadsheet: led@midwest-lights.com<br /><br />Your post was mentioned on the Timyan twitter feed: https://twitter.com/TimyanBankAlert<br /><br />"I must admit I tended to discount the smaller financial institutions because of their low trading volumes and inefficient valuations. Personal bias, I know. My apologies to Metro Phoenix Bank ($181 million in assets, 1.88%/11.83% ROA/ROE)."<br /><br />FSDK - listed as one of the top 5, yet traded less than 2K shares over past 9+ months<br />https://www.otcmarkets.com/stock/FSDK/overview<br /><br />MCB growth may be due to serving as depository behind virtual currency brokers. Believe there is also some Taxi Medallion risk.<br /><br />SBT heavy in mortgage recently went public (capitalizing on peak valuation?) and trading at about 2.5x tangible book. Branches scatter throughout the country - unsure whether befitting of what might be thought of as 'regional-organic' growth. Homestreet cutting back on its mortgage arm - will be interesting to see how SBT fares this quarter.<br /><br />IIBK is one have tended to avoid - significant family ownership.<br /><br />Would be interesting to ask Boenning & Scat for their definition of 'Superior Growth Prospects'. Yours indicated organic growth to which banks focused on 'roll-up' strategies were discounted (eliminated from consideration). Would be interesting to see a screen of growth-through-mergers culled for 'acquirers of choice'. Certainly, CARO would make the list (from the moment it went public) or SMBK which has been picking up steam in its TN,AL,FL footprint.<br /><br />If the full spreadsheet is also available (including those institutions which have grown through mergers/acquisitions), would be interested to review.<br /><br />Online lenders are tearing up the landscape and definition of growth.<br />https://www.bankrate.com/banking/money-market/rates/<br /><br />For example, if you listen to a Live Oak (LOK) conference call (or transcript on SeekingAlpha), will find they onboard/draw/manage over 1+ billion in deposits (MMDA) with just 6 employees. Not only that, but host their software through Amazon Web Services (AWS Cloud) at an expense of around $100K(?) per quarter where they had been spending $6M per year for data center.<br /><br />It isn't only the large institutions flocking to raise deposits nationally. For example, Riverview Bank (small family owned bank in Wisconsin) which put up their online "Incredible Bank" - drawing down 2B(?) in online MMDA deposits which they then lend out through businesses that sell RVs - providing financing.<br /><br />Live Oak (on the other hand) uses their deposits to make SBA loans targeting specific niches through online platform. Sporting insane growth & selling off portfolios of loans per quarter. Live Oak's SBA NPA rose last quarter to around 1.7%, yet those are backed by SBA such that their NPA is effectively less than 0.5%<br /><br />LOK may look appealing although they back a great many FinTech start-ups through their venture capital subsidiary potentially not terribly appealing to traditional bank investor.<br /><br />KBW published a research report last night on deposits ~ screening for banks are at greatest risk for earnings shortfalls due to climbing interest rates. That is, those banks with high loan-to-deposit ratios that may be facing severely compressed NIM.<br /><br />Cheers.<br /><br />Cheers.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-235433516644980443.post-1584867894389848252018-07-11T12:50:09.236-04:002018-07-11T12:50:09.236-04:00Sent!Sent!Jeff Marsicohttps://www.blogger.com/profile/12153599647481141591noreply@blogger.comtag:blogger.com,1999:blog-235433516644980443.post-11885312862951622872018-07-10T19:16:53.637-04:002018-07-10T19:16:53.637-04:00Hi Jeff: could I please get a copy of the 78 sto...Hi Jeff: could I please get a copy of the 78 stocks list ? <br />It feels like the '90s again, re:the urge to merge in bank land.......<br />and hope the Caps enjoy their summer w/ the Cup ! <br />I'm Rob at whiterocktx@gmail.com <br />mucho gracias ! soonerstockshttps://www.blogger.com/profile/04977616383116959260noreply@blogger.com