Great Banking Stocks That No Analysts Cover (NREB, HNBC, NMIL, CFCP)

by: Eddy Elfenbein

Eddy Elfenbein submits: There are a few small banks and savings & loans I like to watch. These are great stocks to follow. There are lots of wonderful companies out there that almost no one knows about. Four of my favorites are Northern Empire Bancshares (NREB), Harleysville National Corporation (HNBC), NewMil Bancorp Inc. (NMIL) and Coastal Financial Corp. (CFCP). The first two are banks, the latter two are thrifts. Best of all, not a single analyst on Wall Street covers any of them.

To give you an example, here are Northern Empires’ EPS figures for the last few years.

2001 $0.77
2002 $0.85
2003 $1.01
2004 $1.23
2005 $1.59

Northern Empire is the holding company for Sonoma National Bank and is based in Santa Rosa, CA. The bank has eleven branches and 150 employees.