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jjmc2001
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Former banker to north american mining & energy industries and coal industry CFO. My initial training was as a financial analyst. My investment philosophy is to seek out fundamentally sound companies in industries that exhibit positive trends. Currently active in mortgage and real estate... More
  • Midwest Community Banks may be a better play than the big guys  1 comment
    Apr 26, 2011 6:00 PM
    I have long touted Community Banks as an ancillary play on the strength of the US Midwest agriculture markets.  As we enter Spring planting season in the upper Midwest Corn production commodity prices appear to be at solid levels and while farmers are rarely optimistic this appears to be the potential for a good year despite record high input prices.  While all of the ag chemical, equipment suppliers, and fertilzer cos. have had a nice run the past several months the local community banks have moved little.  My personal opinion is that some of these banks are better common stock plays than the money center names.  For example, Today after market close:
     
    First Busey Corp. (BUSE) Tops Q1 EPS by 3c
    4:49 pm ET 04/26/2011- StreetInsider

    First Busey Corp. (NASDAQ: BUSE) reported Q1 EPS of $0.09, $0.03 better than the analyst estimate of $0.06.


    As the local economies benefit from strong agricultural earnings some of these local banks should see better times.  Another name I like in this sector is Commerce Bankshares (CBSH).  I am long BUSE.

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  • I have compiled an excel sheet with over 500 regional and community banks that shows many ratios for every bank such as equity/assets ratio, % non-performing loans, loan loss reserve/non-performing loans ratio and many more. Check it out below.

     

    http://seekingalpha.co...
    7 Nov 2012, 02:12 AM Reply Like
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