A bank holding company whose subsidiaries provide a wide range of financial services to the communities it serves in Indiana, Kentucky, Illinois and Ohio.
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Although I'm not quite certain on a entire banking turn around, some stocks have been dumped on unnecessarily. This is one case. Current net working capital (assets - liabilities/preferred stock) of $316,313,000. Market cap, after today's close is just under 318M. Now, using that logic, and ignoring market pressure, panic and that general bad air around bank stocks at the moment, this business is selling itself for nearly nothing.PEG is mid to low 1 figures, and the trailing PE is slightly above 13, with forward trending around 8.7. With these figures, I believe that the stock, financially at least, is sound, and I will put my green thumb on this one.
IBNK is managing well considering their circumstances. I expect a lot better news on earnings this quarter.