There Are Still Undervalued Banks Out There, Including Bank Of Utica And First Community Corp

Fred Campbell
205 Followers

Summary

  • Price/Book is my favorite metric to evaluate banks. I look for a value less than 1.
  • With the recovery after the pandemic, these banks are hard to find.
  • I present Bank of Utica and First Community Corp, both of which trade at a P/B well under my threshold but both having special situations.
Modern office building close up in sunlight

CHUNYIP WONG/E+ via Getty Images

For the Holiday Season, I want to present a couple of my bank investments for perusal. These are certainly not buy recommendations per se but I think they are interesting candidates for further investigation. Both Bank of Utica (OTCPK:BKUTK

This article was written by

205 Followers
35 years of investment experience. After retiring from Engineering work, went back to school and got Master's in Finance. Worked for Forward View Consulting as financial analyst for two years and have now written approximately 50 articles on various small Regional Banks.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of BKTUK, FCCT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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