For a bank with a market cap of just $127 million, news from Pulaski Financial Corp (NASDAQ:PULB) continues to be filled with issues similar to major banks like Wells Fargo and Bank of America, who have seen their mortgage fee income plummet over the past few quarters. And, on top of this, the bank is still waiting for the green light to repurchase the last of its preferred shares that were issued during the financial crisis. But, despite these headwinds, Pulaski Financial Corp is focused on becoming a commercial lending leader throughout the St. Louis Metropolitan, and for this the market has shares trading at a premium to tangible book value. Although I do see several challenges that...
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