They met EPS estimate, but backlog is down.
Will be interesting to see where the stock goes tomorrow. Could see $2.10 again before heading higher.
It's a solid earnings report, but wasn't a home run.
Earnings will not be announced until end of March - that gives lots of time for the shares to slide back as they always do. We know volume will trend back down, and when that happens, sellers have to settle for the bid which will trickle lower.
It is becoming evident that I was entirely correct.
Volume is disappearing, people wanting to sell will accept lower prices.
Price decline will continue into earnings.
Now is the time to be buying, not selling. Earnings are beginning to ramp up. Insiders own a big stake and buy more shares. Read the last earnings report - tangible book value is now $4.89 - go calculate it from the balance sheet.
There is no reason for any bank to be trading below book value - Bove specifically said this in an interview maybe 5 or 6 months ago.
Take the shares now while it is easy to get them. With the miniscule float, when the shares move up, it will go fast and on little volume.
Shares will be well over $5 during 2014 - get them now.
Continuing what started quarters ago - although raw earnings were up, EPS is down 20% yoy for the quarter because they continue issuing shares for acquisitions. Thus, the acquisitions are not producing incremental profit with the margin strength of BDGE earnings prior to acquisition.
This situation will not change through the remainder of 2014 and now, as a result, PE is too high for a bank in BDGE's situation.
Shares belong back at $20.00 - the last offering price. Absolutely no business being at $25/share - that's a joke.
Many thanks to those who took my shares just purchased on Friday - fastest money I've made in my life.
I'll be buying them back in the summer after the sheep race for the exits and things are quiet again.
saketyme - sorry I'm leaving you again...need to take the profits when they are forced upon you. Shares are now at 5 year highs. We both know it's warranted, but not this fast or because of a sleazy pump and dump.
PE is now 10 - buy all you can if you see the price tick below $19.
Quite honestly, based on the earnings and growth, fair value is probably around $30/share, below $25 is a bargain, below $20 is "take out a second mortgage on the house".
I've been saying to follow the insider purchasing for the past half year - these results show that the asset quality is strengthening, and earnings strength is following.
In all likelihood, the bank is a potential takeover target in 2014. From my own experience with a recent buyout of another small bank in a nearby region of CSBB, the buyout premium was 75% above the stock's price. Actually, the acquirer of the other bank I had bought out from me is a candidate for buying CSBB as well due to their geographic footprint.
Awesome job management - keep it up!
I bought more shares today - have been waiting for a lower price, but I didn't want to wait any longer. The offer had a good number of shares so I was able to get everything in one shot. Whoever is sitting with the bid at $1.75 upped it by another 50,000 shares today - so it was just under 100,000 shares the entire day.
I think the quarter will be good with all the snow storms and cold temps across the country.
The next time we go over $2, it's going to keep going.
Oh my! Too funny!
Look how hard he is trying ... this game looks good in the short term for the joker thinking he's scaring people making the stock close down. However, 1) the SEC says it is illegal and 2) ultimately it backfires and the shares move significantly higher.
Have your fun joker - it will end badly for you:
$3.49 ... 500 ... NSD ... 16:00:00
$3.54 ... 100 ... NSD ... 15:54:55
$3.55 ... 100 ... NSD ... 15:52:52
$3.56 ... 99 ... NSD ... 15:43:38
Kinda stinks when you sell at the bottom and then have to watch it go higher - huh?
Cat got your tongue today? Why aren't you bashing now?
Set the dropdown to 6 months and check my Aug 7 post.
These guys always do this.
Hey - they did lots of good wasting shareholder money on a stupid buyback to prop up the shares.
Share price to slowly trend back under $30.
Dead money for 6 to 9 months.
Pathetic - glad I sold!