BancTrust Financial Group, Inc. (NASDAQ:BTFG)
A multi-bank holding company operates its offices in the southern half of Alabama and northwest Florida and provide banking and related services in that market area through its subsidiaries.
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7 unique insider buys in last month.
Recs
Where did you come from and where did you get this cheating pi pi foo?
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mortgage investment/regional banks
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Its to low right now, it should get to around 10 or 11 dollars within a year, not a lot of bad mortgages out.
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The stock is devalued due to expense pressure from a recent merger and painful issues associated with Florida real estate loans. BTFG has a solid management team and will work through the problems. If the real estate mountain proves to steep to climb, a buyer will still pay a light premium long before the book itself is at risk. Either way, the investor will come out fine.
Recs
Small but aggressive bank in growing region, with good management, expanding number of branches.
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