Replies to post #23648 on Value Microcaps Motherboard

[10 bagger]

UBOH..
Be careful with this one ,,, The bank is over 20 years old and still returns less than 1 on assets,,(.82).. It's return on SHE is only 10.2% and that is with a 50% improvement in the last year.. Finnally UBOH has an Efficency ratio of .66 which while lower than most mid west banks is a far cry from .50 or lower.. The bank in my opinion is fairly priced and if you are looking for high growth look at CNFL, MBLA, FCEN, FRGB, and CWBS.. If you are looking for a well run and conservative bank, TOFC and SAVB will do you well.. UBFO and SJOE are also two small banks that have footprints in fast growing communities with takeover potential... MBLA and FRGB if they were not banks would be selling at 100 PE's. My 10 largest bank positions in order are.. SAVB, FRGB, TOFC, UBFO, CWBS, SJOE, MBLA, FCEN, ACBA, ANCX.. When looking at small banks return on stkhl equity and efficency ratios are the most important consideration.. Also usually the older the neighborhood, the less desirable the bank.. You really want to own the first new bank where the housing boom is directed from the urban sprall.. good luck..hank