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Tri-Valley Bank servicing area Info.
Demographics;
Average people per household: 2.61
Median age of population: 38.9
Unemployment Rate: 4.8%
Job growth in past 1 year: -5.08%
Project job growth next 10 years: 25.04%
Median income of household: $118,740
http://www.homes.com/Home-Prices/CA/SAN-RAMON/
Example of the Housing situation in and around San Ramon, CA where Tri-Valley Bank HQ is located;
http://www.zillow.com/homes/for_sale/San-Ramon-CA/pmf,pf_pt/20337_rid/days_sort/37.885964,-121.821728,37.645772,-122.268047_rect/11_zm/
Marker:
Tri-valley Bank (ram (TRVB)
$0.32 0.0 (0.00%)
Volume: 0
Marker;
Svb Financial Grp. (SIVB)
$148.50 up 1.53 (1.04%)
Volume: 225,528
Thus, the 9-month period referenced runs through 6/19/15. If the FDIC settles before 6/19/15, the fee will only be 20 percent of Net Recoveries. Afterwards, the firms receive 25 percent of Net Recoveries.
Sandridge Energy, In (SDRXP)
$30.75 up 0.25 (0.82%)
Volume: 3,711
*SDRXP shares up 21% in a month.
CL\N15 Light Sweet Crude at this moment; $60.43
SD common equity closed today @ $1.09
EUR/USD
1.13644
Couple things; Investors are flowing into regional banks in anticipation of the Fed raising rates ..and WIBC has proven to be a steady performer in the first half of 2015.
When you combine those reasons the stock has pushed up 24% in just the past 5 months.
Highlights from the 1st qtr report put out last April;
Q1 2015 Summary
• Net income totaled $18.6 million, or $0.24 per diluted common share, for the first quarter of 2015
• Total net revenue of $51.8 million for the first quarter of 2015, an increase of 12.3% from the first quarter of 2014
• Return on average assets of 1.75% and return on average equity of 14.89% for the first quarter of 2015
• Net interest margin of 3.69% for the first quarter of 2015, a decrease from 4.00% for the fourth quarter of 2014
• Loans receivable (net of deferred fees and costs) totaled $3.51 billion at March 31, 2015, an increase of 22% from $2.87 billion at March 31, 2014
• Demand deposits totaled $997.8 million at March 31, 2015, an increase of 9% from $915.4 million at December 31, 2014
• Total deposits were $3.64 billion at March 31, 2015, an increase of 24% from $2.92 billion at March 31, 2014
• Continued stability in asset quality resulted in no provision for losses on loans and loan commitments for the first quarter of 2015
• Acquired Bank of Manhattan's Mortgage Lending Division during the first quarter of 2015
Marker:
Wilshire Bancorp, In (WIBC)
$12.28 up 0.22 (1.82%)
Volume: 209,528
*Over the past 4 years the stock is up 250%. ":~O
Marker:
First Internet Banco (INBK)
$25.34 up 1.58 (6.65%)
Volume: 20,154
Latest Outstanding Share count as of 12/31/2014: 6,271,872
Latest Tangible Book Value as of 12/31/2014: $2.24
Market Value today 6/9/2015: $1.15
Price to Tangible Book Value: 0.5134
ALBY is selling 49% below TBV...in other words this bank is On Sale!
*...not only that it appears we're finally heading into better days (profit-wise) for banking ahead.
Marker:
Synovus Financial Co (SNV)
$30.085 up 0.385 (1.30%)
Volume: 386,621
*SNV is up 25% the past 12 months.
New all time high
Svb Financial Grp. (SIVB)
$142.48 up 0.52 (0.37%)
Volume: 294,165
*PE and P/B are both at a high premium...however impressive march north continues.
Marker:
Reliant Financial Service Cor (RFNS)
$ 0.0009 unchanged 0.00 (0.00%)
Volume: 0
Another new high...twelve handle hit today;
Real Industry (RELY)
$ 12.10 up 0.33 (2.80%)
Volume: 372,173
MABA - MedScience Research Group, Inc. appears to be the most likely reverse merger candidate.
Private company incorporated in May 2013. MedScience is an early stage company engaged in the development, acquisition and distribution of proprietary diagnostic medical equipment directed to the primary care market for a range of diagnostic testing of the most common chronic health conditions, principally in the U.S.
MedScience Research Group, LLC - AllergiEnd™
AllergiEnd™ is a reimbursable, broad spectrum ‘easy’ to administer, diagnostic skin test for a range of the most common allergy causing environmental allergens. The needle-free skin test (safe for children) is pain free and the evidence based immunotherapy treatment by AllergiEnd™ requires no allergy shots. Call 800-393-8817, e-mail troy.grogan@medscienceinc.com. Visit www.allergiend.com.
https://www.facebook.com/pages/Medscience-Research-Group/409254625885724
MEDSCIENCE
A medical test kit for the diagnosing of allergies consisting of a multi-pocketed tray for holding a variety of antigens…
Owned by: Medscience Research Group LLC
Serial Number: 86211825
https://trademarks.justia.com/owners/medscience-research-group-llc-2809800/
MABA - MedScience Research Group, Inc. appears to be the most likely reverse merger candidate.
Private company incorporated in May 2013. MedScience is an early stage company engaged in the development, acquisition and distribution of proprietary diagnostic medical equipment directed to the primary care market for a range of diagnostic testing of the most common chronic health conditions, principally in the U.S.
MedScience Research Group, LLC - AllergiEnd™
AllergiEnd™ is a reimbursable, broad spectrum ‘easy’ to administer, diagnostic skin test for a range of the most common allergy causing environmental allergens. The needle-free skin test (safe for children) is pain free and the evidence based immunotherapy treatment by AllergiEnd™ requires no allergy shots. Call 800-393-8817, e-mail troy.grogan@medscienceinc.com. Visit www.allergiend.com.
https://www.facebook.com/pages/Medscience-Research-Group/409254625885724
MEDSCIENCE
A medical test kit for the diagnosing of allergies consisting of a multi-pocketed tray for holding a variety of antigens…
Owned by: Medscience Research Group LLC
Serial Number: 86211825
https://trademarks.justia.com/owners/medscience-research-group-llc-2809800/
As of May 29, 2015, there were 1,088,740 shares of Common Stock outstanding.
The Majority Consenting Stockholder held 760,000 shares or approximately 69.8% of the outstanding shares.
The float is a mere 328,740 shares. That's it!
Marker;
American Biogenetic (MABA)
$0.50 up 0.35 (233.33%)
Volume: 29,905
AL industry trends-
Lexus aluminium facelift
June 02, 2015
Lexus has shared that the upcoming RX Facelift is going to be made of aluminium. This will make the SUV the first ever vehicle from Lexus to come out with aluminium parts.
Lexus explained that they are picking up on the aluminium trend to reduce the weight of the RX Facelift drastically. The aluminium parts will shape the hood, tailgate and closures of the vehicle.
Unfortunately, Lexus has yet to share any figures to confirm on the improvements. This will have to wait until the RX Facelift makes its debut later this year.
Source: http://motoringcrunch.com/news/2016-lexus-rx-facelift-miracles-of-aluminium/10013454/
Marker;
Signature Grp. Holdi (RELY)
$11.20 up 0.19 (1.73%)
Volume: 214,353
MABA - American Biogenetic Sciences Inc. to USA Equities Corp. (6/01/15)
Under Section 14(c) of the Securities Exchange Act of 1934 (the "Exchange Act"), the Corporate Action cannot become effective until twenty (20) days after the date that this Information Statement is sent to the Corporation's Stockholder.
http://www.sec.gov/Archives/edgar/data/856984/000129534515000154/maba_pre14c.htm
Even though the past posts on this board are a few years old now the story and its principal players haven't changed one bit.
Since there are only a handful of posts the quickest and best way to refresh your memory about this situation is go back and read through the last couple dozen posts.
Start here...at post # 159;
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62070068
Marker:
The Goodyear Tire & (GT)
$32.58 up .7379 (2.32%)
Volume; 3,404,844
*Domestic new car sales up record multi-year highs.
**Crude oil today $60.06 @ bbl as the country enters the summer driving season.
***All signs point to newer highs for GT going forward.
Waiting on the Fed
Bankers prepare for rising rates but wonder when the Fed will pull the trigger
http://issuu.com/banking-exchange/docs/may_2015_banking_exchange
Marker:
Pan Pacific Bank (fr (PPFC)
$2.80 0.0 (0.00%)
Volume: 0
*Good read.
Waiting on the Fed
Bankers prepare for rising rates but wonder when the Fed will pull the trigger
http://issuu.com/banking-exchange/docs/may_2015_banking_exchange
Marker:
Sutter Community Ban (SUTB)
$5.90 0.0 (0.00%)
Volume: 0
*good read!
Waiting on the Fed
Bankers prepare for rising rates but wonder when the Fed will pull the trigger
http://issuu.com/banking-exchange/docs/may_2015_banking_exchange
Marker:
Sierra Vista Bank (c (SVBA)
$3.75 0.0 (0.00%)
Volume: 0
*Good read
Saudi Arabia Turns Down Chinese Requests For More Crude Oil
Posted by: : Paul Ebeling Posted on: May 20, 2015
Research found Saudi Arabia’s share of Chinese Crude Oil imports dropped to just over 30% in May from 36.5% in April
Saudi Arabia and its main Middle East OPEC partners are turning down Chinese requests for more Crude Oil as they hold back fuel for their own refineries just as demand from the world’s biggest Crude importer hits new records.
While the Saudi and other refusals for additional Crude Oil supplies may not be part of a new pricing strategy, the rejections to their biggest client help explain a 40% rise in prices this year as Chinese importers have had to seek more Crude Oil from other suppliers in what analysts say is still an oversupplied market.
Senior Chinese Oil traders say the Saudis have turned down requests from Chinaoil and Unipec, the respective trading arms of PetroChina (NYSE:PTR) and Sinopec (NYSE:SHI), for extra cargoes of crude for May and June loadings, forcing them to seek supplies from producers in West Africa, Oman and Russia.
Saudi Arabia “used to provide us and if we asked for extra cargoes on top of contract during the 1st 4 months of the year, but not for May and June,” said a trader with 1 of China’s biggest Crude Oil importers.
Another source with a Chinese refinery that takes Saudi Oil said Saudi heavy Crude was “a bit tight” in May and June.
Recent pricing and trade flow data show a 40% rise in Brent Crude Oil since January has coincided with a more than 10% fall in overall Middle East supplies to China, although in historical terms they remain high.
Saudi Aramco, not available for comment, has reduced contractual supplies to some Japanese and South Korean customers in April.
The trader with 1 of China’s big importers said requests for more Crude Oil to Kuwait and the United Arab Emirates (UAE) were also turned down.
PetroChina and Sinopec officials seldom comment on trading activity.
http://www.livetradingnews.com/saudi-arabia-turns-down-chinese-requests-for-more-crude-oil-105438.htm#.VV4yqk1FCUk
Marker:
Sandridge Energy, In (SDRXN)
$21.80 0.0 (0.00%)
Volume: 50
*are these the ever so small beginning signs the Saudi's have reversed policy? I think the answer has to be a yes...
Saudi Arabia Turns Down Chinese Requests For More Crude Oil
Posted by: : Paul Ebeling Posted on: May 20, 2015
Research found Saudi Arabia’s share of Chinese Crude Oil imports dropped to just over 30% in May from 36.5% in April
Saudi Arabia and its main Middle East OPEC partners are turning down Chinese requests for more Crude Oil as they hold back fuel for their own refineries just as demand from the world’s biggest Crude importer hits new records.
While the Saudi and other refusals for additional Crude Oil supplies may not be part of a new pricing strategy, the rejections to their biggest client help explain a 40% rise in prices this year as Chinese importers have had to seek more Crude Oil from other suppliers in what analysts say is still an oversupplied market.
Senior Chinese Oil traders say the Saudis have turned down requests from Chinaoil and Unipec, the respective trading arms of PetroChina (NYSE:PTR) and Sinopec (NYSE:SHI), for extra cargoes of crude for May and June loadings, forcing them to seek supplies from producers in West Africa, Oman and Russia.
Saudi Arabia “used to provide us and if we asked for extra cargoes on top of contract during the 1st 4 months of the year, but not for May and June,” said a trader with 1 of China’s biggest Crude Oil importers.
Another source with a Chinese refinery that takes Saudi Oil said Saudi heavy Crude was “a bit tight” in May and June.
Recent pricing and trade flow data show a 40% rise in Brent Crude Oil since January has coincided with a more than 10% fall in overall Middle East supplies to China, although in historical terms they remain high.
Saudi Aramco, not available for comment, has reduced contractual supplies to some Japanese and South Korean customers in April.
The trader with 1 of China’s big importers said requests for more Crude Oil to Kuwait and the United Arab Emirates (UAE) were also turned down.
PetroChina and Sinopec officials seldom comment on trading activity.
http://www.livetradingnews.com/saudi-arabia-turns-down-chinese-requests-for-more-crude-oil-105438.htm#.VV4yqk1FCUk
Marker:
Sandridge Energy, In (SDRXP)
$24.33 up 1.58 (6.95% )
Volume: 13,869
*are these the ever so small beginning signs the Saudi's have reversed policy? I think the answer has to be a yes...
Marker:
Signature Grp. Holdings, Inc. (RELY)
$ 10.95 up 1.16 (11.85%)
Volume: 960,002
*wow
Marker:
Sandridge Energy, In (SDRXN)
$21.80 up -0.2 (-0.91%)
Volume: 300
Marker;
SandRidge Energy Inc. (SDRXP)
$23.00 down 1.61 (-6.54%)
Volume 6,686
CL/N15 Light Sweet Crude: $58.92
SD common equity today: $1.10
EUR/USD
1.111645
Quarterly Report (10-q)
Date : 05/11/2015 @ 4:45PM
Source : Edgar (US Regulatory)
Stock : Spark Therapeutics, Inc. (MM) (ONCE)
Quote : $65.00 3.9 (6.38%) @ 8:10PM
http://ih.advfn.com/p.php?pid=nmona&article=66813233
I do have one question for Mr. Carrol - Why is the refinery struggling to improve the utilization rate beyond 70%?
ya...I agree MH. They made .35 @ share... and perhaps more importantly improved the balance sheet. Earnings tell us the stock is worth twice Todays'pps but getting Mr. Markets' attention can be a very frustrating process sometimes.
I do have one question for Mr. Carrol - Why is the refinery struggling to improve the utilization rate beyond 70%?
Quarterly Report (10-q)
Date : 05/07/2015 @ 6:23AM
Source : Edgar (US Regulatory)
Stock : Sierra Bancorp (MM) (BSRR)
Quote : $16.80 -0.07 (-0.41%) @ 8:10PM
http://ih.advfn.com/p.php?pid=nmona&article=66747331
EPS .27
BV: $13.83
P/B: 1.22
Forward P/E: 12.83 TTM
ROA: 0.95% TTM
ROE: 8.15% TTM
**Solid bank...however I do not own shares of this bank at this time.
Marker:
Sierra Bancorp (BSRR)
$16.80 down -0.12 (-0.71%)
Volume: 15,435
Marker:
First Internet Banco (INBK)
$24.239 up 0.2889 (1.21%)
Volume: 4,268
* ...now up 34% over the last 3 months.
Marker:
Sandridge Energy, In (SDRXP)
$40.00 up 0.6 (1.52%)
Volume: 1,640
CL/H15 Light Sweet Crude: $48.94
SD common equity closing price today:
Sandridge Energy Inc. (SD)
$ 1.79 up 0.10 (5.92%)
Volume: 9,390,218
EUR/USD
$1.09718
Marker;
Western Alliance Ban (WAL)
$31.66 down -0.42 (-1.31%)
Volume: 342,749
CL\M15 light sweet crude $59.96
Marker:
Matador Resources Co (MTDR)
$25.86 down .10 -(0.39%)
Volume: 479,105
*MTDR had a public offering of 7MM shares in April that raised $187.1MM dollars.
10-Q for Q1 of 2015 just out!
http://www.sec.gov/Archives/edgar/data/793306/000135448815002479/bdco_10q.htm
* I haven't had time to go through it...hot off the press.
Marker:
Blue Dolphin Energy (BDCO)
$5.00 0.0 (0.00%)
Volume: 3,822
Gold price 1224.2 up 3.3 ...10:36am PST
Sierra Vista Bank Reports 1st Quarter 2015 Financial Results – Deposits Surge
FOLSOM, CALIFORNIA, April 30, 2015 - Sierra Vista Bank (OTCBB: SVBA) today reported net income for the 1st Quarter of $113,000, compared to net income of $176,000 for the same period last year. Earnings for the 1st Quarter 2015 were impacted by the opening of the Bank’s 3rd branch in June 2014 as well as the current interest rate environment.
Total assets grew $15.2 million during the 1st Quarter 2015 to $136.9 million, representing a 12.5% increase over the previous quarter and a 30.7% increase over the previous year. Loans increased $6.2 million in the first three months of 2015 to $91.7 million, an increase of 7.2% during the 1st Quarter and 20.6% over the past year. Total deposits increased $15.5 million in the 1st Quarter to $119.1 million, a 15.0% increase over the year-end level. This represented a very significant increase of 37.4% over the past year. The Bank ended the quarter without any borrowings. The 1st Quarter 2015 financial results are preliminary and unaudited. “We are very pleased with the strong growth in core deposits. The Bank continues to experience improvement in our deposit mix resulting in a lower overall cost of funds” stated Gary D. Gall, President/CEO.
Sierra Vista Bank continued to show a strong net interest margin of 4.36% for the 1st Quarter 2015, with a yield on earning assets of 4.67% and a total cost of funds of 0.33%. “The Bank’s growth in the 1st Quarter of 2015 in non-interest bearing accounts totaled $6.3 million to $36.6 million. This made a significant contribution in maintaining our strong net interest margin”, stated Lesa Fynes, EVP/CFO. “Non-interest bearing deposits ended the Quarter at 30.8% of total deposits as the Bank remains focused on growing its core business.”
Capital levels at March 31, 2015 remain above the regulatory “well-capitalized” minimum levels:
- The Tier 1 Leverage Capital ratio: 13.25%
- The Tier 1 Risk Based Capital ratio: 16.79%
- The Total Risk Based Capital ratio: 18.04%
Due to continued improvement in credit quality, the Bank did not pass a provision for loan losses in the 1st Quarter of 2015. The allowance for loan losses was 1.54% of total loans as of March 31, 2015. Nonperforming assets continued to decline, totaling $971,000 as of March 31, 2015, compared to $1.1 million at the same point last year. Non-performing loans to total loans as a ratio decreased to 1.06% at March 31, 2015 compared to 1.46% on March 31, 2014. All non-accruing loans are paid current under their original terms or are paying as agreed under forbearance agreements.
https://www.sierravistabank.com/Default.aspx
*NIM is very good going forward.
Marker;
Sierra Vista Bank (c (SVBA)
$3.85 0.0 (0.00%)
Volume: 0
Just curious, and shame on me for not doing my own dd, buts what's the industry P/E ratio?
Report of Foreign Issuer (6-k)
Income per share: .03
<Page 4 of 34>
http://ih.advfn.com/p.php?pid=nmona&article=66860660
Looking forward the annualized earnings per share for 2015 would be .03 X 4 = .12
If we used a modest P/E ratio of 10 and multiplied that by .12 = $1.20
BAA peer's sell for P/E Ratio's of between 14 and 23.
BAA closed today at .3499 which is still cheap by any standard.
Marker:
Banro Corporation Or (BAA)
$0.3499 up 0.0936 (36.52%)
Volume: 12,857,959
*Price of gold at this moment $1,221
ROA, ROE and NIM for 2014
- Return on average assets (ROA)
in 2014: 0.80%
in 2013: 0.93%
- Return on average common SVBFG stockholders' equity (ROE)
in 2014: 10.46
in 2013: 11.20
- Net interest margin (NIM)
in 2014: 2.81
in 2013: 3.29
Source: Form 10-K
Annual Report
Filed Feb 26, 2015
<page 34>
http://ir.svb.com/secfiling.cfm?filingID=719739-15-22&CIK=719739
*all 3 data points remain within peer averages but notably have declined YoY.
Marker:
Svb Financial Grp. (SIVB)
$136.74 up 0.63 (0.46%)
Volume: 403,740