Some small banks more compelling than Cullen Frost
Cullen Frost is ok but has had a nice run. Take a look at these as far as price to book and allowances/ bad loans. All have great geographic franchises. They haven't risen as much as the bigger banks but I believe all are better buys on their own merits.. and also have takeover potential.
UWBK $ 8.99 book after Aug 6 approx $18 great branch network in Colorado
FSNM $1 book about $6 a bit riskier but strong in NM market - large potential return.
CWBK - solid but already at 70% of book
also check PFBI and SVBI - not quite as great locations as the top two but still compelling buys.
For those who do their own research -what do you think?