Majority of the profitable financial institutions in US tend to trade at least at tangible book value nowadays. It was not the case right after financial crisis, when many banks could be purchased at significant discounts to book value. However, M&F Bancorp (OTCQB:MFBP)is among a few banks that have remained cheap even after the rest of the industry recovered and currently trades at 40% of tangible book value. This blog post by a well-followed microcap investor has caused stock run up of 33% over the last two days. In this article I will investigate whether this cheapness is warranted and whether there is a further upside for investors.
M&F Bancorp is a bank holding company that...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|