for 2012 the gross for the year was $13,003,000 with a share volume of 25,310,000 making the profit $0.55 a share. With the bank equity at $148,461,000 and current market cap at $147,030,000, the bank is trading at 99% equity.
Coast National Bank for 2012 had a profit of $87,000 with a market share of 711,200 making the profit $0.12 a share. With the bank equity at $7,245,000 and market cap at $1,210,000, the bank is trading at 16.7% of equity.
If CTBP was to actually trade at the same as the competition, then share price should be around $10.00 pps.
Makes me believe this is undervalued.
I found all these numbers from the CALL report on the FDIC website. You can search each bank and download the report yourself at
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.