Comments for PBIB - Stockpickr! Your Source for Stock Ideas

Comments for PBIB

Added By	Comments	Type	Date Added
barrons3	Buy - Price 17 in Nov. 25 by Howe Barnes PBIB announced via 8-K that it completed a sale of $35 million of preferred stock to the Treasury/Capital Purchase Program... [which] will raise PBIB's Tier 1 capital ratio to 12.21% from 9.55% and total capital ratio to 14.14% from 11.49% (pro forma basis) at 3Q08....We're maintaining our '08E-EPS at $1.90 and reducing '09E-EPS to $1.93 from $2.... Our estimates assume the new capital will be deployed in PBIB's security portfolio .... [Balance]-sheet growth and a focus on expense controls should lead to consistent EPS growth.... [We see] 34.4% total return potential. Target: 20, [with] 5.42% dividend yield. Market cap: $140 million.	Love	November 29, 2008