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February 1, 2010
Edited: February 8, 2010
Share ThisFeb 2 morning update - OKSB nicely up this morning by 5%
At another web site my entry was start date 02/01/10 OKSB 5Y buy at $7.25 today price $8.15 +5.98%) +11.59% +1.04% +10.55 (Entered at the other site due to more flexibility - more like the way i like to buy)
This a small Bank Value play. It announced earning 2 days ago and was on my but watch list. It is thinly traded and limit orders will be the way to go. I did buy in personal account today on dip at 7.29. it could double in 6 months. I am using it as a trading vehicle for 5% profit.
Market Cap (intraday)5: 113.42M
Southwest Bancorp beats by $0.09; Enters into regulatory agreement (6.79 +0.09)
Reports Q4 (Dec) earnings of $0.17 per share, $0.09 better than the First Call consensus of $0.08. Total assets were $3.1 billion at December 31, 2009, an increase of 8% from December 31, 2008. At December 31, 2009 total loans were $2.7 billion, which includes $85.4 million of loans acquired from FNBA in the second quarter. Southwest and its bank subsidiaries have maintained capital levels that significantly exceed the minimums for regulatory "well capitalized" status. At December 31, 2009, our total regulatory capital was $413.4 mln for a total risk-based capital ratio of 14.55%, and Tier 1 capital was $377.4 million for a Tier 1 risk-based capital ratio of 13.28%. Co says, "On January 27, 2010, our principal banking subsidiary, Stillwater N Bank and Trust Company ("Stillwater National") entered into a formal agreement with the United States Comptroller of the Currency ("OCC") relating to its levels of commercial real estate lending and problem assets."
HCBK is another bank worth consideration - Market Cap (intraday)5: 6.52B
ING trade is also working for me - I have been buying ING around 9.31 and selling on any POP up - 4 round trip trades in last 30 days. Bought at 9.32 on Jan 28 - sold 505 position today - still holding some in personall account. Our buddy 3J decided go long on ING last week on this site.
Another bank play I like is SBSI - market cap around 300 Million - thinly traded - had good earning last week. It has high shorts ratio which can help up side.
SBSI Announces Record Net Income for the Three Months and Year Ended reported record net income of $10.4 million for the three months ended December 31, 2009, an increase of $8,000, or 0.1%, when compared to the same period in 2008.
SBSINet income for the year ended December 31, 2009, increased $13.7 million, or 44.6%, to a record $44.4 million from $30.7 million for the same period in 2008.
SBSI Diluted earnings per share decreased $0.01, or 1.4%, to $0.69 for the three months ended December 31, 2009, when compared to $0.70 for the same period in 2008. Diluted earnings per share increased $0.90, or 43.7%, to $2.96 for the year ended December 31, 2009, compared to $2.06 for the same period in 2008.
The return on average shareholders' equity for the year ended December 31, 2009, increased to 23.69% compared to 21.44%, for the same period in 2008. The annual return on average assets increased to 1.58% for the year ended December 31, 2009, compared to 1.29% for the same period in 2008.