BankAtlantic Bancorp (BBX)

[illegal_alias]

I'm watching and holding some BBX

[rxgator]

I am still holding and watching since I bank with BankAtlantic at least until June since they sold my branch

[ikon]

no one watching this anymore?

[Benjamin100s]

Look for a nice recovery coming, should go over 1.50 again soon! If your not in your out of luck. A low float with good news anything can happen.

[CHA$E]

BankAtlantic Teams with Intuit Financial Services to....

.... Launch “This Way to $25K” TurboTax for Online Banking Sweepstakes


skippy days ahead

;)

[hedge_fun]

Run FORREST run.......up 22.86%....sweet....

Be rich......

[hedge_fun]

M&I Moves Out of BKX as New York Community Moves In
By Laurie Kulikowski 12/21/10 - 05:27 PM EST

NEW YORK (TheStreet) -- Keefe, Bruyette & Woods (KBW_), a boutique investment bank that specializes in financial services firms, is making changes to three of its bank-related indexes.

KBW said after the market closed on Tuesday that it was replacing Marshall & Ilsley (MI_), currently listed in its KBW Bank Index, with New York Community Bancorp (NYB_). The KBW Bank Index, or more commonly referred to as the "BKX," tracks the largest 24 commercial banks in the U.S.

The BKX has seen strong gains in the past week, primarily due to renewed merger talk with U.S. commercial banks as well as a general sense that regional banks are looking to get out from underneath the government's TARP shackles. The index is up 3.8% since Dec. 15. M&A speculation has abounded in the bank sector for some time now, particularly as banks continue to suffer from credit headwinds, revenue challenges and a tough regulatory environment going forward.

M&I agreed last week to be acquired by Bank of Montreal's (BMO_) U.S. division, Harris Bank.

Speculation that PNC Financial Services (PNC_) was sniffing around at Regions Financial (RF_) and BankAtlantic Bancorp (BBX_) also buoyed bank stocks last week.

On Tuesday, TD Bank (TD_) said it would acquire Chrysler Financial for more than $6 billion.

New York Community is being removed from the KBW Mortgage Finance Index, and replaced by Old Republic International (ORI_), KBW said.

KBW is also increasing the shares of First Niagara Financial (FNFG_) and Huntington Bancshares (HBAN_) -- both part of the BKX -- and Wintrust Financial (WTFC_), listed under the KBW Regional Banking Index.

First Niagara is getting a greater share due to its recent acquisition of New Alliance. Huntington Bank and Wintrust are being increased due to their recent equity offerings in order to repay TARP.

The changes will be effective before markets open for business on Monday, December 27, 2010.

[hedge_fun]

Nice ratios.....do you have a target price in mind?.....thx

Be rich......

[hedge_fun]

Would love to see this level hold.....nice support for a launch.....imho

Be rich.....

[hedge_fun]

JPM is also looking to add in Florida.....BBX could be a target for them as well......got me some today.....

Be rich......

[mlkrborn]

BankAtlantic Bancorp Responds to Recent Speculation
Date : 12/15/2010 @ 6:15PM
Source : Business Wire
Stock : BankAtlantic Bancorp, Inc. (BBX)
Quote : 1.41 -0.17 (-10.76%) @ 12:03PM


BankAtlantic Bancorp Responds to Recent Speculation
Bank Atlantic (NYSE:BBX)
Historical Stock Chart

1 Month : November 2010 to December 2010
Click Here for more Bank Atlantic Charts.

BankAtlantic Bancorp, Inc. (NYSE: BBX) (the “Company”) is aware of recent press reports speculating that a large out of state bank is considering expanding into Florida through acquisitions. Some of the news stories have identified BankAtlantic Bancorp as one of the subjects of this reported interest.

BankAtlantic Bancorp’s Chairman and Chief Executive Officer, Alan B. Levan, commented, “It has been BankAtlantic Bancorp’s long-standing practice not to comment or respond to rumors in the marketplace.

“However, we would note that while we have in the past expressed our intention to remain an independent financial institution, we believe it is in our shareholders’ best interest for us to be flexible and open to opportunities as they may be presented. Given the challenges of the current economic environment, we recognize the need to be nimble, prepared and comprehensive in the options we consider. Management continues to aggressively focus on reducing expenses, returning to profitability, evaluating available alternatives to reduce our level of nonperforming assets, and continuing to focus on capital in order to provide BankAtlantic with strategic flexibility.

At September 30, 2010, BankAtlantic’s capital ratios were:

* Total risk-based capital of 12.59%.
* Tier 1 risk-based capital of 10.59%.
* Core capital of 7.17%.

“In addition, as indicated below, BankAtlantic’s capital ratios have been stable over the last four years.

Capital Ratios (BankAtlantic) as of:
12/2006 12/2007 12/2008 12/2009 6/2010
Core 7.55% 6.94% 6.80% 7.58 % 7.36%
Tier 1 Risk-Based 10.50% 9.85% 9.80% 10.63% 10.87%
Total Risk-Based 12.08% 11.63% 11.63% 12.56% 12.86%


Alan B. Levan, continued, “We are proud to have provided our customers with financial solutions
in these difficult times and to have met their banking needs. We plan to continue to work hard to meet our customers’ needs and continue to provide a high level of service, which we believe contributed to BankAtlantic being ranked ‘Highest Customer Satisfaction with Retail Banking in Florida’ by J.D. Power and Associates.”

About BankAtlantic Bancorp: BankAtlantic Bancorp (NYSE: BBX) is a bank holding company and the parent company of BankAtlantic.

[mlkrborn]

BankAtlantic shares down on takeover talk
South Florida Business Journal
Date: Monday, December 20, 2010, 10:03am EST
Related:
Banking & Financial Services




* CEO says BankAtlantic ‘open to opportunities’
* PNC looking at Regions, BankAtlantic
* Bauer: Florida has 45 banks with ‘zero’ rating
* Foreclosure Roundup
* Power Leaders: Banking

Shares of BankAtlantic Bancorp were off in early trading on Monday after talk of a possible takeover sent shares soaring last week.

Shares were down 20 cents, or 12.66 percent, to $1.38.

Shares had been trading below 90 cents early last week, but rose to more than $1.50 after the South Florida Business Journal reported Tuesday that Pittsburgh-based PNC Financial Services Group (NYSE: PNC) was considering a deal with BankAtlantic. PNC also was reportedly in due diligence for Birmingham, Ala.-based Regions Financial Corp. (NYSE: RF).

BankAtlantic's 52-week high was $3.28 on April 26 and its 52-week low was 60 cents on Nov. 22.

An article on the Motley Fool investment website has raised the question of whether BankAtlantic is a backup strategy for PNC if a deal with Regions doesn't happen.

Regions shares were up 7 cents, or 1.12 percent, to $6.31 in early Monday trading. Shares of PNC were up 50 cents, or 0.85 percent, to $59.

BankAtlantic has suffered 13 straight quarters of losses and wants to raise up to $125 million, but lost a shareholder class action securities trial in November. The company plans to appeal.

The $4.5 billion-asset bank is looking to sell its 19 Tampa Bay area branches, which have $37.2 million in assets and $339.4 million in deposits.

The South Florida Sun-Sentinel reported Friday that BankAtlantic had laid off 75 employees, or 6 percent of its workforce.


Read more: BankAtlantic shares down on takeover talk | South Florida Business Journal

[wesley_]

congrats all!!!

[wesley_]

$1.58, up ~+50% after calling it... in just 2-3 days holding that's huge...

buy all christmas presents for ur families...

[wesley_]

congrats all!!!

[wesley_]

and there she blows... 1.28 hod weeeeeeeeeeeeeeee

[ltscarng]

Better luck with this venture than your last one!!! LOL

[Linedrive]

http://www.marketwatch.com/story/regional-banks-rise-on-takeover-speculation-2010-12-15?reflink=MW_news_stmp

[Rymo]

got a link for that news?

BBX

[wesley_]

ah, thx

[stockraider42]

BOSTON (MarketWatch) -- Shares of Regions Financial Corp. /quotes/comstock/13*!rf/quotes/nls/rf (RF 6.34, +0.13, +2.09%) and BankAtlantic Bancorp Inc. /quotes/comstock/13*!bbx/quotes/nls/bbx (BBX 1.05, +0.19, +22.11%) were up 5% and 9%, respectively, in premarket trading Wednesday after the South Florida Business Journal reported PNC Financial Services Group Inc. /quotes/comstock/13*!pnc/quotes/nls/pnc (PNC 60.04, -0.37, -0.61%) is considering the companies as acquisition targets. PNC is actively looking to buy branches in Florida, according to the report.

[stockraider42]

Rumors flying about takeover with Regions by PNC bank who wants in on Florida market

[wesley_]

yeah, nice...

[Rymo]

I'm in at 1.04... thought there would be more chatter here on BBX.. blowing up at the moment.

[mlkrborn]

cool! lets know your findings of it!
tia

[wesley_]

just DD'ing it...

[mlkrborn]

wesley
Cause of it?
tia

[wesley_]

breakout 1.10

[mlkrborn]

0.91.. I was right!

[mlkrborn]

0.91.. I was right!

[mlkrborn]

0.91.. I was right!

[mlkrborn]

0.91.. I was right!

[mlkrborn]

0.91.. I was right!

[mlkrborn]

0.91.. I was right!

[mlkrborn]

0.91.. I was right!

[rxgator]

I bank at the Brandon bank. I was told by someone in the bank they were selling the Tampa area branches. They cleaned house and hire new help. The Branch manager included but they are still BankAtlantic her in Tampa

[stockraider42]

I made a lot of money in the past with this stock but i am really down now. I would love to load up again and cut my current losses but im afraid this bank could go under like Bankunited did. Anybody have any opinions on the future of this bank?

[derek_rw20]

Nobody likes to post here. A few more green days coming imo.

[QualityStocks]

BBX Video Chart 9/15/10

http://www.qualitystocks.net/videocharts.php

BankAtlantic Bancorp is not a current client of QualityStocks

[mlkrborn]

"TROUBLED" south florida banks:
http://southflorida.bizjournals.com/southflorida/stories/2010/08/09/story3.html?page=2

[rxgator]

Where the posters? was in a branch of BBX this week and noticed all new employees from the manager down to the tellers. Was told they were selling off the Tampa area branches (maybe) My thoughts were FDIC take over on Friday (yesterday which did not happen) but two other Florida banks closed. I did sell off my few shares I was holding just in case. Any thoughts?

[HowardHughs]

BBX could do what Ford did IMO so $15 is in the cards.

[bacc]

why all the volume

[bacc]

someone buying 200,000 shares in 20 mins

[bacc]

Look Out, Soon to break out, once it gets over $2.00, blues skies ahead

[bacc]

Knock Knock anyone home, to quiet on here

[bacc]

got to love this volume and swings

[MakeThatMoneyNow]

SHOULD HAVE BOUGHT AT A 1.20

[bacc]

what a time to buy

[Ogclip ©]

Notice everyone was banned for 3 days but i got banned indefinitely.. I was off topic, but no more than anyone else.

Who knows.. I could care less..