Citizens Republic Bancorp, Inc. (NASDAQ:CRBC)

CAPS Rating: 3 out of 5

A diversified banking and financial services company which provides a full range of banking and financial services to individuals and businesses through its subsidiaries Citizens Bank, Republic Bank, and F&M Bank-Iowa.

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Member Avatar Kifaru125 (< 20) Submitted: 3/31/2012 1:09:41 AM : Outperform Start Price: $15.64 CRBC Score: +4.51

On an uptrend....

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Member Avatar rjh1153 (< 20) Submitted: 11/14/2011 5:44:37 PM : Outperform Start Price: $10.00 CRBC Score: +68.96

very undervalued. Should rebound to $100 to get to just 1/3 of its value when it was profitable before the banking crisis, to $300/share if it ever gets back where it was. Did a 10-to-1 reverse splt should be relevant to the market.

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Member Avatar jsgant13 (99.14) Submitted: 6/22/2011 8:37:16 PM : Outperform Start Price: $6.80 CRBC Score: +178.21

second curve

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Member Avatar gse46 (< 20) Submitted: 5/19/2011 2:24:51 PM : Outperform Start Price: $7.90 CRBC Score: +139.92

Take a look at the this link: http://www.thestreet.com/story/11122548/11/10-bank-stocks-with-up-to-55-upside.html

A few qoutes from the article:
"CEO Cathleen Nash said the company had substantially completed its "accelerated plan to resolve problem assets that we announced last October," through which Citizens Republic reduced its level of nonperforming assets by 58% over the course of two quarters.
Nonperforming assets totaled $188 million as of March 31, declining 34% from the previous quarter, and 66% from a year earlier. The ratio of nonperforming assets to total assets was 1.93%. The company charged-off $161 million in problem loans during the first quarter."

This is one of the few banks that I feel is being very aggressive in its efforts to redem itself after the housing crisis. At this level (0.87$) looks like a good buy in price. Have to keep a close eye on it though.

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Member Avatar kprock47 (49.14) Submitted: 3/29/2011 11:30:04 AM : Outperform Start Price: $8.56 CRBC Score: +115.00

going up

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Member Avatar chimpcontest (< 20) Submitted: 2/21/2011 1:40:01 PM : Outperform Start Price: $8.30 CRBC Score: +125.03

bubabar haiku

bad loans gone, good bye

tarp needs to be repaid soon

a double from here

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Member Avatar topshelf95 (< 20) Submitted: 2/3/2011 9:15:21 PM : Outperform Start Price: $6.70 CRBC Score: +179.61

Detroit area regional bank. Ford, Gm, adding jobs and ramping up production right in their back yard. Auto sales projected to rise significantly this year on improving economy and pent up demand. (I'm in the auto industry) Cathleen Nash working their "accelerated loss" plan right on schedule. Projected to be profitable again by third quarter. Even if it takes a little longer, this is still going to end up. This bank isn't going anywhere. Betting with real money.

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Member Avatar DannyNOLA (< 20) Submitted: 12/28/2010 2:16:13 AM : Outperform Start Price: $6.35 CRBC Score: +193.70

Selling at a half book and a lot of the bad loans are already written off. Risky stock, but I think it will pay off.

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Member Avatar tommyboy1969 (71.17) Submitted: 12/2/2010 6:44:00 PM : Outperform Start Price: $6.20 CRBC Score: +204.11

gut play.....

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Member Avatar SlowAndSteady123 (31.86) Submitted: 11/9/2010 2:46:22 PM : Outperform Start Price: $6.54 CRBC Score: +184.95

Citizens Republic is an interesting case in the financial world. It's not in the 'too big to fail' category, but it is a decent-sized Midwest regional bank. The percentage rise and fall of its stock price has been dramatic over the past few months. I don't see it as moving steadily upward until it can show that it is in the clear both in its commercial and residential lending business.

However, if CRBC can move into the clear in the next year or so, and begin to be profitable again (including repaying the rest of its TARP funds), then the bank's stock will definitely (and rightfully) appreciate. Right now its <$1 share price puts it at risk for getting de-listed, which would of course be bad. And there's no guarantee that it will survive at all.

My advice to investors would be NOT to speculate, despite the temptation based on the share price. If you do your due diligence and think CRBC is decently-positioned to climb out of the hole it is in, then invest with a long-term time horizon. I happen to think that it is eventually going to return to a solid position, and so I think it could be a very successful value investment for the patient shareholder. But any realistic assessment of it must admit that it is also risky, as are all investments in the financial world right now.

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Member Avatar tridoc62 (< 20) Submitted: 10/30/2010 10:10:51 AM : Outperform Start Price: $7.00 CRBC Score: +158.11

I am impressed with BOD attention to details of being proactive in facing the reality of Michigan's past and immediate future. The board does not seem to worry about its press clippings while doing what it takes to remain viable!

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Member Avatar mtraylen (< 20) Submitted: 8/25/2010 5:36:31 PM : Outperform Start Price: $8.20 CRBC Score: +90.98

Like many Michigan-related stocks, the value imploded during the corporate BK era over the last several years. It is now well positioned to reap the benefits and those who are patient and smart will do very well with this bank.

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Member Avatar eFinance (< 20) Submitted: 8/20/2010 2:49:34 AM : Outperform Start Price: $8.08 CRBC Score: +96.92

Once i was in ... 135% profit taken... Now i'm in again and looking for new rebound... I just love this stock, good fundamentals ... I'm living in Europe, but friends from US says it has there to growth ...

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Member Avatar ryanvg5555 (< 20) Submitted: 8/3/2010 7:30:07 PM : Outperform Start Price: $9.20 CRBC Score: +70.95

Value exceeds current price, no requirements from fdic to raise capital.

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Member Avatar XMFGatsby1 (94.18) Submitted: 8/2/2010 8:52:30 AM : Outperform Start Price: $34.20 CRBC Score: -95.19

this is the mac daddy of long-term buy and hold...trends are headed in the right direction (although very low) and insiders are buying up like kids in a candy store

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Member Avatar rabrom (< 20) Submitted: 4/19/2009 5:21:01 PM : Outperform Start Price: $20.00 CRBC Score: -120.07

I've been following CRBC for a while now, they've taken a beating due to the market but still a strong company and should slingshot as the economy recovers.

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Member Avatar Tastylunch (29.25) Submitted: 3/24/2009 10:44:11 PM : Outperform Start Price: $15.70 CRBC Score: -101.38

Anchak stinky feet pick
http://boards.fool.com/Message.asp?mid=27548006&sort=whole

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Member Avatar bubbarufis (40.95) Submitted: 10/3/2008 9:42:36 AM : Outperform Start Price: $39.50 CRBC Score: -121.35

Speculative long play. Beaten down further than it deserves. They have not announced any exposure to sub prime.

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Member Avatar cluke04 (75.52) Submitted: 9/29/2008 5:17:15 AM : Outperform Start Price: $42.60 CRBC Score: -116.92

They are past their rough spot and already starting to rebound.

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Member Avatar BiggerInTexas (< 20) Submitted: 8/8/2008 2:07:39 PM : Outperform Start Price: $40.88 CRBC Score: -102.12

looks cheap.

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