Helix Investment Research
Long only, special situations, contrarian, growth

First Citizens Banc: Sleepy Banking, Meaningful Profits

Editors' Note: This article covers stocks trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.

Across the United States, local banks often offer the potential for meaningful profits. They are small, generally receive virtually no coverage on Wall Street, and their ties to the local economy afford them greater insights into the markets in which they operate. The lack of sell-side coverage of such banks means that there are often inefficiencies in the distribution of information. While such banks publish full financial statements like any other publicly traded company, many investors are simply not aware of their existence. And First Citizens Banc (NASDAQ:...

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