Recent

% | $
Quotes you view appear here for quick access.

FIRST CITIZENS SC CM Message Board

ramoswyandotte 3 posts  |  Last Activity: Aug 15, 2015 8:03 AM Member since: May 24, 2008
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Reply to

    Cheapest bank in U.S.

    by analyst112 Jul 9, 2015 10:05 AM
    ramoswyandotte ramoswyandotte Aug 15, 2015 8:03 AM Flag

    Have owned CMOH, but just established a position in NWIN this week. For this kind of performance, it's just too cheap. Will be interested to see how that little mutual acquisition turns out. Regards, Ray

  • ramoswyandotte by ramoswyandotte Oct 27, 2014 10:13 PM Flag

    Owned this one for several months. Just reported nice earnings. Anyone care to discuss? Ray

  • Reply to

    CMOH - Sweet little Ohio bank

    by ramoswyandotte Aug 30, 2014 1:14 PM
    ramoswyandotte ramoswyandotte Oct 7, 2014 6:41 PM Flag

    Understand the concern, but this is the same management team that capably guided the bank through the downturn six years ago. The bank lost ($300M) in 2007. In 2008, they sold a branch and pared expenses, resulting in a dramatic return to profitability. Since then, provision has dropped in every year and performance improved every year. LLR is a very healthy 1.6% of total loans. You can scoop it up for around book value, which I estimate is $27.75. In my opinion, this is a higher performing bank priced like a mediocre one. It's a little gem. Regards, Ray

    Sentiment: Strong Buy

FCBN
0.00(0.00%)