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$10.09 -0.27 (-2.61%)
10/10/2008 4:00 PM

Center Financial Corp (CLFC)

CAPS Rating:
*

A bank holding company whose principal subsidiary is Center Bank. The Bank is a community bank providing financial services for small to medium sized business owners, mostly in Southern California.

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What the Community Thinks

Total Members

30 Outperforms
22 Underperforms
 

All-Stars

11 Outperforms
7 Underperforms
 

Wall Street

2 Outperforms
0 Underperforms
 

Members bullish on CLFC are also bullish on:

Members bearish on CLFC are also bearish on:

Ticker Tags

Savings & Loans (182), Loans (101), Micro Cap (4824)
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Center Financial Corp At A Glance

Current Price: $10.09
Last Trade Time: 10/10/2008 4:00 PM
Open: $10.01
Previous Close: $10.36
Daily Range: $9.78 - $10.83
52-Week Range: $7.99 - $14.84
Volume: 77,606
Market Cap: $169.57M
P/E Ratio: 8.93
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Stock Trends

CLFC VS S&P 500 (SPY)

CLFC 12 month chart vs. S&P

News & Discussion Boards

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Top Bull Pitch

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Top Bear Pitch

Recs

1

Center Financial Corp (CLFC)

Avatar OOji (100.00) Submitted: 5/17/08 7:01 PM

Is it just me or do I detect a scent of blood?

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Recs

0

 (CLFC)

Avatar aj350 (90.81) Submitted: 10/06/08 10:21 AM : Outperform Start Price: $13.09 CLFC Score: -7.15

conservative!

low loan losses

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Recs

0

 (CLFC)

Avatar 4everlost (35.16) Submitted: 8/19/08 4:28 PM : Underperform Start Price: $13.03 CLFC Score: -7.96

From the 10K:
Page 4: As of December 31, 2007, the principal areas of focus related to the Bank’s lending activities, and the percentage of total loan portfolio composition for each of these areas, were as follows: commercial loans secured by first deeds of trust on real estate 66.0%; commercial loans 17.2%; SBA loans 3.9%; trade financing 3.7%; and consumer loans 5.5%.

Page 31: Net loans grew $252.0 million or 16.4% to $1.79 billion at December 31, 2007 as compared to $1.54 billion at December 31, 2006. The growth in net loans was comprised primarily of net increases in commercial construction loans of $24.6 million, or 56.7%; real estate commercial loans of $154.5 million, or 14.9%; commercial loans of $33.7 million, or 12.1%; SBA loans of $19.9 million, or 39.3%; and consumer loans of $21.4 million, or 27.6%.

I believe that the commercial construction loans and the real estate commercial loans are bad business. They are 66% of their primary business. The net loans grew by $252M with $154.5 of it for real estate. It's very likely that the value of the real estate that is the collateral for those loans is overvalued and if (when?) those loans default the bank will be left owning land, overvalued land. The only option will be to sell the land to... um, to... I don't know, shoot, someone will buy it, right?

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Recs

0

 (CLFC)

Avatar alkamist81 (98.02) Submitted: 4/09/08 7:52 PM : Outperform Start Price: $8.65 CLFC Score: 51.31

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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Recs

0

 (CLFC)

Avatar IHRE (39.51) Submitted: 8/26/06 1:17 AM : Outperform Start Price: $23.94 CLFC Score: -26.11

financial stock catering to oriental consumers in California

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Wall Street

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Member NameMember RatingStart
Date
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Price
Stock
Gain
S&P
Gain
ScorePitch
TrackDADavidson 70.58 08/08/08 Outperform NS $13.39-24.64%-31.07%+6.43
TrackRonBaron 85.25 09/30/07 Outperform NS $13.71-26.38%-42.00%+15.62 Toggle the visibility of 60-Second Pitch and replies

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