RWCB
A Small Bank
I brought some this week in the $9.30-9.50 range (My favorite small Bank right now). Here is what I like.
1) RWCB earned .34 versus .24 last quarter. This is the cheapest bank I know, I think the stock should be trading close to $15.
2) RWCB Yields about 2.6%, which is decent.
3) RWCB is not just a cheap story, but is also and amazing growth story with Loans up 6% sequentially, and 20% y/y. So this is a great growth story that pays a divy. RWCB also trades very close to book value as well.
Conclusion: I like RWCB and think it is a undervalued growth story in the small bank space. All is just my opinion, and I could always be wrong though.