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BOK Financial Corporation Message Board

  • Fish2026 Fish2026 Aug 3, 2009 9:02 PM Flag

    Some small banks more compelling than BOKF

    BOKF is ok but has had a nice run and seems fully valued. 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?

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    • And...FSNM has been steadily losing money since the last quarter of 2008, badly missing analyst's estimates and losses are expected to continue through 2010. This bank's going to be shut by the FDIC and/or taken over by a bigger rival, either Bank of Albuquerque(owned by BOKF) or one of the big banks with a New Mexico presence like Wells Fargo or B of A.

    • FSNM- you have got to be kidding. That stock is less than $0.50/share, recently closed all of its branches in Utah and Colorado and in the last couple weeks received a de-listing notice from the Nasdaq if they don't get their stock back up over a dollar in 180 days. Chances are good this bank goes under before the end of the year.

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