Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
NSFC has some MMs that deal with bank stocks buying in.
Ive been seeing BNKS,WEBD,and CDEL the most recently.
BNKS is FIG Partners LLC. http://figpartners.com/about/
Equity Market-Making & Sales: FIG is market-maker in 200+ public bank and thrift stocks, and growing. Our Sales and Trading team has extensive experience in the Financial sector with unique perspectives and insights, with information and order flow emanating from multiple sources. Our expertise has a wide range from illiquid bank and thrift stocks to extensive experience handling large orders in community bank and thrift stocks with minimal market impact.
WEBD is Wedbush Securities. Looking at their portfolio they have their largest holdings in the financial sector (banks)28.86%
http://www.nasdaq.com/quotes/institutional-portfolio/wedbush-securities-inc-87395
And CDEL is Citadel LLC
http://www.chicagobusiness.com/article/20121013/ISSUE01/310139980/why-hedge-fund-operator-citadel-is-becoming-a-stockbroker
Citadel LLC is best-known in Chicago for operating the city's biggest hedge fund. But it has quietly become a behemoth broker that handled more share volume on the Nasdaq Stock Market in September than any other firm.
Citadel, led by billionaire Ken Griffin, says it fills about one in eight U.S. stock trades and one in five stock option trades, mainly for everyday retail traders. It recently expanded its reach by trading over-the-counter or “penny” stocks and international stocks and is gunning for more business from big banks as well.
Sell me some more cheapies. I'm always ready to get more of a good thing.
Can't wait to see the next quarterly report with that $ 2.14 mil deal included in it.
Cmon NSFC. You can do it you can do it
Or someone can sell 16,000 and lower it.
Only 7000 shares takes us to $0.62
If NSFC keeps doing this good it shouldnt be long before they uplist and get out of the Pinks.
Cmon NSFC. You can do it. Dollars baby dollars
NSFC New location opens early 2016
http://www.chicagotribune.com/suburbs/lake-county-news-sun/news/ct-lns-waukegan-norsates-st-0818-20150817-story.html
Firm vows not to damage oak tree as construction of Waukegan bank begins
A New Norstates Bank building on Grand Avenue a stone's throw south of its current location is expected to be open for business in early 2016
Heres a new $2.14M deal that will be coming out in their next financials in Mid Jan WOOOOOOOOOOOOOOOOO HOOOOOOOOOOOOOOOO
http://www.rejournals.com/2015/12/01/marcus-millichap-arranges-2-14m-sale-of-norstates-bank-property/
Marcus & Millichap arranges $2.14M sale of Norstates Bank Property December 01, 2015 - See more at: http://www.rejournals.com/2015/12/01/marcus-millichap-arranges-2-14m-sale-of-norstates-bank-property/#sthash.8PsOe3uJ.dpuf
Norstates Bank Property, a 214,620-square feet of land located in Waukegan, Illinois, has sold for $2,135,000, according to Marcus & Millichap who marketed the property on behalf of the seller, a financial institution.
The property, located at 3233 Grand Avenue in Waukegan, Illinois, has approximately 400 feet of frontage on Grand Avenue and 650 feet on Green Bay Road with access from both streets. Norstates Bank is planning to build a new Bank Branch on the site.
Austin Weisenbeck, Tami Andrew and Sean Sharko, investment specialists at the firm’s Chicago Oak Brook office had the exclusive listing. They also secured the buyer, a limited liability company.
- See more at: http://www.rejournals.com/2015/12/01/marcus-millichap-arranges-2-14m-sale-of-norstates-bank-property/#sthash.8PsOe3uJ.dpuf
WEEEEEEEEE NSFC Sold one property for $1.4 million and will open a new smaller, more efficient building that the Bank will lease. And used the 1.4 mil to further clear the books and improve the bottom line making them or profitable and increase shareholder value.
we sold one of our branch buildings at a gain of $1.4 million which is being replaced by a new smaller, more efficient building that the Bank will lease. The gain was largely offset by write-downs to other real estate owned of $1.3 million as we prepare to sell these properties to further reduce NPAs.
NSFC DD POST
25 Million dollar FORM D
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9969564
NorStates Bank Announces Gets Release From Recievership
http://www.marketwired.com/press-release/norstates-bank-announces-release-from-consent-order-otcqb-nsfc-1938181.htm
Quarterly net income steadily growing
October 21, 2015 12:44 ET
Northern States Financial Corporation Reports Third Quarter 2015 Net Income of $514,000
http://www.marketwired.com/press-release/northern-states-financial-corporation-reports-third-quarter-2015-net-income-514000-otcqb-nsfc-2065895.htm
WAUKEGAN, IL--(Marketwired - Oct 21, 2015) - Northern States Financial Corporation (OTCQB: NSFC) (the "Company"), holding company for NorStates Bank (the "Bank"), an FDIC insured financial institution, today reported third quarter 2015 net income of $514,000, an increase from $392,000 for the second quarter of 2015 and $180,000 for the first quarter of 2015. The Company's per share book value at September 30, 2015 was $0.39.
The Bank reported earnings of $604,000 for the third quarter of 2015.
NSFC has 8 branch offices.
Locations & Hours
http://www.norstatesbank.com/about-us/locations-and-hours.html
No matter where you are in northeastern Illinois, we're bound to be convenient. Our eight locations blanket Lake County so that whether you're home, on the way to work, or out running errands, we're always nearby. For added banking convenience, most of our locations feature drive-up ATMs.
To better serve your needs, we have extended our lobby hours at all of our 8 convenient locations!
NSFC has had over 1 million dollars trade in the past couple weeks. 1,734,033 shares traded in the last month between $0.60 and $0.64 so an average of $0.62 http://www.nasdaq.com/symbol/nsfc/historical
1734033
x $0.62
----------
$1,075,100.00
NSFC has 8 branch offices.
Locations & Hours
http://www.norstatesbank.com/about-us/locations-and-hours.html
No matter where you are in northeastern Illinois, we're bound to be convenient. Our eight locations blanket Lake County so that whether you're home, on the way to work, or out running errands, we're always nearby. For added banking convenience, most of our locations feature drive-up ATMs.
To better serve your needs, we have extended our lobby hours at all of our 8 convenient locations!
NICE UPDATES.
third quarter 2015 net income of $514,000, an increase from $392,000 for the second quarter of 2015 and $180,000 for the first quarter of 2015.
we sold one of our branch buildings at a gain of $1.4 million which is being replaced by a new smaller, more efficient building that the Bank will lease. The gain was largely offset by write-downs to other real estate owned of $1.3 million as we prepare to sell these properties to further reduce NPAs. Our focus will remain on the reduction of NPAs and the further increase in profitability through loan generation and short-term investments while reducing expenses."
NSFC Latest news.
http://www.otcmarkets.com/stock/NSFC/news
Northern States Financial Corporation Reports Third Quarter 2015 Net Income of $514,000
WAUKEGAN, IL -- (Marketwired) -- 10/21/15 -- Northern States Financial Corporation (OTCQB: NSFC) (the "Company"), holding company for NorStates Bank (the "Bank"), an FDIC insured financial institution, today reported third quarter 2015 net income of $514,000, an increase from $392,000 for the second quarter of 2015 and $180,000 for the first quarter of 2015. The Company's per share book value at September 30, 2015 was $0.39.
The Bank reported earnings of $604,000 for the third quarter of 2015.
Assets of the Company totaled $462.0 million at September 30, 2015, an increase of 9.4% from December 31, 2014. The Company increased its loans and leases, net of deferred fees by $2.9 million and total interest bearing deposits in financial institutions increased by $12.1 million between June 30, 2015 and September 30, 2015, while total investment securities decreased by $5.8 million between the two dates due to bond calls. Total deposits increased from $381.4 million at June 30, 2015 to $394.3 million at September 30, 2015.
With regard to asset quality, the Company's non-performing assets ("NPAs"), consisting of nonaccrual loans, ninety days or more past due loans still accruing, loans considered troubled debt restructurings and other real estate owned, decreased by $8.7 million between December 31, 2014 and September 30, 2015.
"We are pleased to report steady solid growth in earnings and continued progress in the reduction of NPAs," stated Scott Yelvington, President and Chief Executive Officer of the Company. "During the third quarter, we sold one of our branch buildings at a gain of $1.4 million which is being replaced by a new smaller, more efficient building that the Bank will lease. The gain was largely offset by write-downs to other real estate owned of $1.3 million as we prepare to sell these properties to further reduce NPAs. Our focus will remain on the reduction of NPAs and the further increase in profitability through loan generation and short-term investments while reducing expenses."
Added more to my pile today. Chart shows golden cross forming and with next fins due out in just a couple weeks. Could very well see dollar land here. GO NSFC
Roughly 370,000 shares sold in the last 20 minutes today http://ih.advfn.com/stock-market/USOTC/northern-states-financial-corp-pc-NSFC/trades
Just had like a couple hundred thousand run right through bringing the bid down a little lower to .62
Lots of volume today. Looks like someones selling
The 6 month chart shows a nice steady climb
Nice money flowing through today. About a million bucks today.
An average of $0.47 × 1817807 = $854,369.00
.50s seems to be a good base for the past 3 months.
NSFC still creepin and crawling right back up there.
They've came out of bankruptcy and were released from receivership. They have been steadily getting stronger financially
NSFC made it back to .50- keep it going
If it doesn't go to fast Im in another one taking off. I can add a few more here while its low.
NSFC slowly moving back up
NSFC getting better and growing stronger.
87,604,088 outstanding shares of the Company as of June 30, 2014.
Waukegan, Illinois, May 5, 2015 – Northern States Financial Corporation (OTCQB-NSFC) (the "Company"), holding company for NorStates Bank (the "Bank"), an FDIC insured financial institution, today reported first quarter 2015 net income of $180,000 as compares with a loss of $677,000 for the same quarter of 2014. Per share book value at March 31, 2015 was $0.38.
The financial results of the Bank showed first quarter earnings of $269,000. The Bank made a provision of $100,000 to the allowance for loan and lease losses during the first quarter of 2015. Management believed as of March 31, 2015, the allowance for loan and lease losses was adequate at 2.8% of total loans.
Total assets for the Company were $432 million at March 31, 2015, an increase of 2.3% from year-end 2014. Loan volume was steady during the first quarter, despite some welcome payoffs. The Bank's first quarter net interest margin was 3.12% with the cost of funds of 0.12%. The Bank's leverage capital ratio was 9.95%.
With regard to asset quality, the Company's non-performing assets ("NPAs"), consisting of nonaccrual loans, ninety days or more past due loans still accruing, loans considered troubled debt restructurings and other real estate owned, were reduced by $4.4 million from December 31, 2014 to March 31, 2015.
"The Bank continues to make significant progress with the disposition of and upgrades to its NPAs," stated Scott Yelvington, President and Chief Executive Officer. "We are also continuing our efforts to reduce expenses and increase income."
About Northern States Financial Corporation
Northern States Financial Corporation is the holding company for NorStates Bank, a full-service commercial bank with eight branches in Lake County, Illinois. NorStates Bank is the successor to financial institutions dating to 1919. NorStates Bank serves the populations of northeastern Illinois and southeastern Wisconsin.
Can't believe the PPS .45- after the last finacial it made to .70 - bargain pricing currently
Followers
|
1
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
328
|
Created
|
04/15/11
|
Type
|
Free
|
Moderators |
Hours
Lobby Hours
Monday - Thursday | 8:00 am - 5:30 pm |
Friday | 8:00 am - 6:00 pm |
Saturday | 8:00 am - 1:00 pm |
Drive Up Hours
Monday - Friday | 8:00 am - 6:00 pm |
Saturday | 8:00 am - 1:00 pm |
Hours
Lobby Hours
Monday - Thursday | 8:00 am - 5:30 pm |
Friday | 8:00 am - 6:00 pm |
Saturday | 8:00 am - 1:00 pm |
Drive Up Hours
Monday - Friday | 8:00 am - 6:00 pm |
Saturday | 8:00 am - 1:00 pm |
Hours
Lobby Hours
Monday - Thursday | 8:00 am - 5:30 pm |
Friday | 8:00 am - 6:00 pm |
Saturday | 8:00 am - 1:00 pm |
Drive Up Hours
Drive Up Hours not available at this location |
Hours
Lobby Hours
Monday - Thursday | 8:00 am - 5:30 pm |
Friday | 8:00 am - 6:00 pm |
Saturday | 8:00 am - 1:00 pm |
Drive Up Hours
Monday - Friday | 8:00 am - 6:00 pm |
Saturday | 8:00 am - 1:00 pm |
Hours
Lobby Hours
Monday - Thursday | 8:00 am - 5:30 pm |
Friday | 8:00 am - 6:00 pm |
Saturday | 8:00 am - 1:00 pm |
Drive Up Hours
Monday - Friday | 8:00 am - 6:00 pm |
Saturday | 8:00 am - 1:00 pm |
Hours
Lobby Hours
Monday - Thursday | 8:00 am - 5:30 pm |
Friday | 8:00 am - 6:00 pm |
Saturday | 8:00 am - 1:00 pm |
Drive Up Hours
Monday - Friday | 8:00 am - 6:00 pm |
Saturday | 8:00 am - 1:00 pm |
Hours
Lobby Hours
Monday - Thursday | 8:00 am - 5:30 pm |
Friday | 8:00 am - 6:00 pm |
Saturday | 8:00 am - 1:00 pm |
Drive Up Hours
Monday - Friday | 8:00 am - 6:00 pm |
Saturday | 8:00 am - 1:00 pm |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |