so typical not of WIBC to choose underwriters who do no other business with the company and to not include any of the firms that write research on them. I will not be suprised it all the firms that cover them bad mouth them privately.
The analysts cover them and expect to be paid back by being included in under writings. Then the company hires big JPM who does not know the niche bank space and who could care less about such tiny market cap banks while the firms that cover them specialize in banks like this. Oh well, these K-A banks are notorious for "relationships." mark my word, the analysts will trash talk these guys in private while writing luck warm public comments in further reports.