First South Bancorp, Inc. (NASDAQ:FSBK)

CAPS Rating: No stars

The Company serves as the holding company for First South Bank. Its principal business is overseeing the business of the Bank and operating through the Bank a commercial banking business.

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Member Avatar rightpicks (< 20) Submitted: 12/23/2010 4:55:52 PM : Outperform Start Price: $6.34 FSBK Score: -12.91

FSBK stock has been oversold : tax loss selling, panic sellers, short sellers, making new year lows,6.5 million loss estimated on Jan. 11 quarterly earning report, suspended dividend, etc. This has created a buying opportunity that will reward patience investors. This bank will make profits in the future & restore its dividend. Long term investors will make profits.

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Member Avatar csbuck (< 20) Submitted: 12/19/2010 4:27:00 PM : Outperform Start Price: $5.99 FSBK Score: -6.21

This was a kitchen sink quarter, cleaning themselves up to shine next year. Now that losses are behind them, they will not have to provision as much in the future, boosting earnings. They were already overcapitalized prior to this qtr with $82 million of tangible equity. This will decline to about $75 million after the loss, which would keep them above "well capitalized". With $20 million per year of pre-tax pre-provision profits, a normalized 1% loan loss rate, and 35% tax rate, they should earn $8.8 mln ($0.90/share) yr going forward. Assign a 12.5x p/e to that and you got a $11.25/share stock. Thats 84% upside from today.

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Member Avatar TheSantaMan (72.62) Submitted: 5/6/2009 3:07:06 PM : Outperform Start Price: $10.20 FSBK Score: -120.93

Bank focused on basics - FSBK is a good player in a weak area - Strong managment comittment to earnings and dividends.

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Member Avatar alkamist81 (< 20) Submitted: 4/9/2008 7:54:45 PM : Outperform Start Price: $18.92 FSBK Score: -97.39

In anticipation of the eventual rebound of the financial sector. A little early for bottom feeding, but I am just indiscriminately putting all stocks that are tagged S&L.

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Member Avatar iinsic (< 20) Submitted: 3/28/2008 5:09:31 PM : Outperform Start Price: $19.90 FSBK Score: -104.07

The only negative impact on this stock's market value is the hysterical volatility of hedge fund managers. Because FSBK is a bank and handles mortgages, they've been tarred with the same brush the "hedgies" have used on all of the lemon banks they've sunk billions into. The problem is FSBK has one of the most capable and aggressive management teams in the industry, is so efficiently managed that no bigger bank wants to acquire them (no savings from e-o-s), and enjoys a peerless reputation in their market area. While BOA and Wachovia, et al, gain reputations in customer service that would make a NYC pimp blush, FSBK "walks the walk," creating tremendous customer and employee loyalty.
When the mortgage and currency crises settle down and trades by hedgies are based on something other than finger bones and sacrificed chickens, FSBK is going to skyrocket into the mid- to upper-$30s, then grow steadily from that point on.
If you pass this one at its current market low point, you'll kick yourself (and I mean HARD) later on.

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Member Avatar johnny39 (< 20) Submitted: 12/30/2007 3:37:44 PM : Outperform Start Price: $18.89 FSBK Score: -86.59

small growing country bank good div great ceo

Results 1 - 6 of 6

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