tag:blogger.com,1999:blog-2149523431587168680.post2194808928875946036..comments2024-01-16T00:12:23.220-05:00Comments on Oddball Stocks: West View Savings..a sleepy bank ripe for an activistNate Tobikhttp://www.blogger.com/profile/05660387777171986124noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2149523431587168680.post-3986813597556171952017-06-07T07:32:17.892-04:002017-06-07T07:32:17.892-04:00Thanks for you post. I believe, the church loans i...Thanks for you post. I believe, the <a href="https://www.church-loan.com/" rel="nofollow">church loans in USA rate</a> is quite fair with Griffin Church Loans and it can make you loan experience quite smooth.<br />Anonymoushttps://www.blogger.com/profile/04003240809546181275noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-30718538309454996352013-12-08T18:01:55.633-05:002013-12-08T18:01:55.633-05:00I really don't like these kinds of banks. The...I really don't like these kinds of banks. They're not conservative in the Basel equity to assets ratio sense. That's at about 10%. They're pretty levered from that perspective, they just choose to use that balance sheet leverage to hold onto cash. I would be much more comfortable if they used some of that cash increase their tangible equity %, ie use $75 million of the cash to repay the short-term federal home loan bank advances, then after they're done doing that, maybe pay a special cash dividend to shareholders. No this is a pretty badly run bank in my opinion.<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-82608703226359082152013-12-01T12:10:59.982-05:002013-12-01T12:10:59.982-05:00One thing to look at in terms of small banks is th...One thing to look at in terms of small banks is the age of the CEO. It may sound crazy, but CEO's who are near or past retirement age will in general (obviously not all!) be more willing to sell. Younger CEO's are more likely to want to be empire builders. It is not a hard rule, but it is worth thinking about in terms of sleepy banks, activism, etc. <br /><br />Some years ago I worked at an investment bank and we managed a pool of internal capital that invested in financial service companies. We used this strategy in the mid to late 90's and it was quite effective.ahttps://www.blogger.com/profile/16448045048632370506noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-66944192764170537072013-12-01T09:11:16.032-05:002013-12-01T09:11:16.032-05:00Also, I presume that the board ownership (~9.5%) i...Also, I presume that the board ownership (~9.5%) is held through the brokerage services of Rodgers Brothers?<br /><br />Adding that ~9.5% to the ESOP ownership of 12.6% makes it a initiate barrier to change of 22.1%. As this is an illiquid stock, taking a position might prove difficult.<br /><br />Your thoughts?Unknownhttps://www.blogger.com/profile/09862543974227425288noreply@blogger.comtag:blogger.com,1999:blog-2149523431587168680.post-54858565273443047522013-11-30T15:28:49.173-05:002013-11-30T15:28:49.173-05:00Doesn't WesBanco own 3.3% of this company?Doesn't WesBanco own 3.3% of this company?Unknownhttps://www.blogger.com/profile/09862543974227425288noreply@blogger.com