Earnings this past quarter were exceptionally strong.
CEO bought shares two weeks ago.
Interest rates will be going up next year, and banking profits are likewise going to go up as spreads will (finally) be increasing.
Any price below $24 is a bargain.
Look for $30/share again within the next 9 months.
You'll sleep comfortably with HTLF while the market continues to be jittery.
I guess I need to acquire a significant ownership position so that if/when there is a 1 for 10,000 reverse split, I still own 1.0 or more shares.
I saw the 100,000 share block yesterday...knew it had to be them. I guess shares will stay at current level until they're done.
$4.52 ... 100,000 ... NDD ... 14:33:27
Ted bought the 500,000 shares - you cannot rely on the Y! Insider Transactions - use the SEC website directly.
I don't follow. Of course distributing shares to the fund shareholders was to give them (the shareholders) greater flexibility with their shares and the ability to sell if they wanted. Hovde still holds the bulk of the shares. Whether he has total control or not isn't an issue - we have a public corporation and as time goes on, it's going to grow, and there are going to be new/more shareholders. In my mind, that's what growing is all about. There are going to be more capital raises and shares issued along the way - because we are going to continue acquiring more banks and you need currency of one form or another to purchase things.
Their interests are still aligned with shareholders - that's why Joe is Chairman. The objective is to make it successful - certainly not to keep share price low to acquire more shares. You think Caplan and Cashen have invested a good chunk of their own money to see the share price kept low? Preposterous.
Earnings and press release speak for themselves.
Red ink to flow, lots more shares to be issued and thus dilution. More legal fees coming.
Thanks for the gains/profits over the past year Ted - I really appreciate it, but I'm not going along for this ride with you.
Good luck to all who stay - I wish you nothing but success with this investment and all others.
if you back out that one time gain, you get bottom line EPS of roughly 13 cents and that's not bad. last year they did 15 cents for the quarter, but that had the bargain gain included - so it was much worse...really a loss without it.
if they do a clean 13 cents/quarter that's 52 cents/year and puts us at PE of 9 right now with the $6.01 book value. undervalued still. most bank PEs are in the 12 to 14 range right now.
This is where the bulk for the quarter came from:
"This decrease was substantially offset by the recognition of the remaining interest rate mark-to-market adjustment on IRA deposits of $2.40 million during the first half of 2014."
In any event, the bottom line for the quarter looks good and as we go forward that's what people will focus on for a while.
Well, either somebody went home and forgot to click the Submit button, or they figure "after market close on Friday" can mean "any time prior to market open on Monday".
I previously mentioned my thoughts, yesterday I saw my vision on the shelf at Walgreens.
Go and google for AllergEase.
There it is - the solution to our problem.
Yes, I saw that - I'm suspecting they may post a small loss for the quarter...probably will take some one time charges for closing the two branch locations and probably some for acquisition and beginning of Slavie integration.
I see it - Freestone.
Any idea why they would sell 10,000 shares taking the price they did? They sell 10,000 shares of 1.2 million at a price lower than what they paid for them and knowing they are selling into an illiquid market for the shares, and on a day when most all small caps are getting hammered. Just doesn't make much sense to me.
as interest rates rise, that 7.4% won't matter. last time around it was 10% and 15% as things fell apart. look for the same this time. you can figure what the share price will be to yield 10% or 15% with the current dividend.
as far as what could be done, to start with, Ivan and the rest of management can take a cut in their salaries/packages. their combined base salaries are over $7.5 million - that is way too much for what they do and as a percentage of profits. Ivan alone takes $3 million/year - pathetic!
Shares currently trading well below book value.
Yesterday I watched as the market maker walked the price down on 100 share trades.
I'm buying more, but slowly as there's no telling how irrational things can get.
On a side note, there was an 8K filing last night which included naming Joe Thomas as Executive Chairman. One of his roles in the position is to "Build investor relations function and direct BYBK relationship with all shareholders". The following is the full list of his responsibilities in the position:
· Chair efficient board meeting and ensure timely distribution of board materials
· Set strategic direction with board and management
· Lead the board efforts to oversee and evaluate management
· Lead corporate development, M&A, and non-bank business line expansion
· Build investor relations function and direct BYBK relationship with all shareholders
· Coordinate capital raising for the company when strategic opportunities arise
· Serve as primary holding company interface with Federal Reserve Bank
· Facilitate services with H Bancorp and its subsidiary banks
· Monitor and report on status and activities of H Bancorp and its subsidiaries
· Recommend talent development and enterprise risk management initiatives
· Insure that the holding company and bank comply with all applicable laws and regulations