I'll take your word for it norweger1979..thank you for the info...so let's do some basic math.
$741K retained earnings X 4,976,521 share outstanding = 0.1489 EPS
Rounded off our EPS for 2014 Q1 is .15
.15 x 4 gives us estimated annualized earnings = .60
.60 X a conservative & standard P/E ratio of 10 = $6
.60 X 29.38 (the actual average P/E for ALL Florida banks) = $17.62
On the low end we have a $6 bank ...and on the high end we have a $17.62 bank.
Let's split the difference and go with a P/E of 20 = We have a $12 Bank
Pick a P/E....no matter how you slice this there is nothing but blue skies above.
* Keep in mind Q1 is typically not the best qtr for banks.
Marker:
Community Bank Of So (CBKS)
$5.75 0.0 (0.00%)
Volume: 0