I have been following BB&T as most of you have and have found the stock not to move much. Just thought I would share a stock thatI recently started buying and really like.
Check out FNBF. It's a bank out of NC and has several branches throughout NC and VA. It is a very solid bank and is up and coming. I know several people that work in the "higer ups" there and they say everything is "hitting on all cylinders". The stock is trading around $19.50 but many in the company say $25 in the next 3 months is VERY possible. I have also heard talk of a takeover... who knows :) Regardless, they are a great bank and a solid company to own. The downside... low volume but also means low volitility which is nice! This stock seems to be moving higher unlike BBT. Make your own opinion but just thought I would share with my fellow bank stock watchers!
How many shares do you own and can you conceive of ever having to sell quickly for whatever reason? It's just something that a savvy investor should think about. Trying to sell a thinly taded stock into a falling market is a bitch.
Use to own this bank FNFB. Made money with it in the beginning of the bear market. Still like FNBF but do not own at the time. See the branches on a weekly basis. Its hqtr are in Greensborough currently.
-->The downside... low volume but also means low volitility which is nice!
Also mean a larger spread. Currently see 200 offered at 19.99 and a bid for 100 at 19.82...17 cent spread...and I don't know what is behind the 100 price wise. Would hate to have to try to get out of it quickly.