Bancorp Rhode Island, Inc. (NASDAQ:BARI)

CAPS Rating: No stars

A holding company for Bank Rhode, which is engaged in providing banking products and services to businesses and individuals in Rhode Island and nearby areas of Massachusetts.

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All Players

8 Outperform
7 Underperform
 

All-Star Players

3 Outperform
2 Underperform
 

Wall Street

1 Outperform
0 Underperform
 

Top BARI Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

Jeffreyw (32.13)
Submitted October 28, 2008

Has connection to BRK BoD, likely well run conservative bank.

SBeren (24.86)
Submitted October 22, 2007

Rhode island's 3 largest banks have 85% of the market share. That leaves 15% for the small banks, like Bancorp, to fight for so I don't see much business for their commercial loans. And prospects for growth/new customers doesn't look good: Rhode… More

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Recent Community Commentary

Read the most recent pitches from players about BARI.

Recs

0
Member Avatar atreidi (98.85) Submitted: 10/23/2007 5:14:58 PM : Underperform Start Price: $31.59 BARI Score: +51.35

Run, Hide.

Recs

1
Member Avatar SBeren (24.86) Submitted: 10/22/2007 11:44:20 AM : Underperform Start Price: $32.09 BARI Score: +55.22

Rhode island's 3 largest banks have 85% of the market share. That leaves 15% for the small banks, like Bancorp, to fight for so I don't see much business for their commercial loans. And prospects for growth/new customers doesn't look good: Rhode Island economy has added slightly over 18,000 jobs since 2000, and has had virtually no growth in the median income bracket of $50,000/year. During the same time, health care premiums have gone up 35% and gas prices in Rhode ilsand have gone up almost 60%, and let's not forget expenses and other expenses... (Got Milk?). With 25% of their portfolio in residential mortgages, and another 20% in consumer loans, you're looking at almost 50% assets in a static, and possibly contracting (subprime?) asset. Furthermore, the Bank does not employ any outside mortgage originators, but periodically purchases residential mortgage loans from third-party originators - which raises a red flag for me about the quality of these loans... and if that wasn't a harbinger of bad things to come, maybe this is: At June 30, 2007, loan balances of $717,000 were 60 to 89 days past due, up from $476,000 at December 31, 2006. I don't think this bank has a lot of wiggle room; more likely than not, this stock will Underperform.

Recs

0
Member Avatar sleepyseth (99.62) Submitted: 11/1/2006 11:24:00 PM : Underperform Start Price: $38.03 BARI Score: +94.40

This company certainly does not deserve such a rich PE. Earnings are expected to decline in every quarter of 2006 and thought they will be slightly better in 2007, numbers are still expected to be below 2004 numbers. The stock is way ahead of itself and does not have very much holding it up here. The restructuring will not help this company any time soon. This stock is going down from here

Leaderboard

Find the members with the highest scoring picks in BARI.

Score Leader

sleepyseth

sleepyseth (99.62) Score: +94.40

The Score Leader is the player with the highest score across all their picks in BARI.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
Index
Gain
Score Commentary
sleepyseth 99.62 11/2/2006 Underperform 3Y $38.03 +4.38% +98.78% +94.40 1 Comment
jamiemb 50.99 1/8/2007 Underperform 3Y $38.45 +3.26% +92.59% +89.32 0 Comment
megatrade 24.87 3/4/2008 Underperform 3W $31.91 +24.39% +98.95% +74.56 0 Comment
SBeren 24.86 10/22/2007 Underperform 1Y $32.09 +23.72% +78.93% +55.22 1 Comment
atreidi 98.85 10/24/2007 Underperform 3M $31.59 +25.66% +77.01% +51.35 1 Comment
hhersey01 39.96 7/11/2008 Underperform NS $24.11 +64.68% +113.32% +48.64 0 Comment
MRT1212 23.01 10/8/2007 Underperform 3W $31.63 +25.52% +72.25% +46.73 0 Comment
uguragust132008 91.07 8/13/2008 Outperform NS $27.39 +44.97% +104.68% -59.71 0 Comment
Nave8806 64.58 11/3/2010 Outperform NS $28.17 +40.94% +113.47% -72.53 0 Comment
darkflame 93.05 2/1/2007 Outperform 5Y $38.26 +3.77% +88.11% -84.34 0 Comment

Wall Street

See what the Wall Street professionals think, according to their public statements and filings.

Player Name Player
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
S&P
Gain
Score End Date Commentary
TrackStifel 94.78 4/22/2010 Outperform NS $25.60 +55.09% +113.23% -58.14 0 Comment
TrackStifel 94.78 3/4/2010 Outperform NS $28.84 -1.04% +2.90% -3.94 3/12/2010 @ $28.54 0 Comment

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