Been stockholder for several years - - syb doesn't attract a whole lot of interest, but keeps plugging away. The Louisville market is really saturated with banking interests. Would look for some consolidation in the near or long term. Otherwise syb looks reasonably valued for regional. What do you think is the upside?
Yeah, I wouldn't be suprised to see some consolidation. I have been a shareholder of Republic and Stockyards for several months now. I would expect to see moderate appreciation in the stock in the future. It makes for a nice long-term investment with relatively low risk. I like the fact that they have been around for awhile and have long-standing customer relationships in the community. Yet they are not stagnating as a brand. They follow demand into new markets giving them growth opportunities and are well managed.