This small regional bank has some nice things going for it. They’ve consistantly grown their business over the years. They’ve benefited in a positive way from the PPP business loans, most of which won’t be paid down early as companies seek flexibility. They have a ~3% dividend, and typical issue a 5% stock dividend each year. They have a price to earnings around 6 right now. They’re around the same stock price they were 3 years ago when they were making half as much annually. Finally, my personal favorite, I contacted their investor relations and the CFO emails me back with answers within 24 hours. I love small businesses where people wear multiple hats, and this place must have hired at least one guy who likes to work.
Submitted April 07, 2021 at 11:06PM by ORCoast19 https://ift.tt/2PK437x
