Cool Value In Alaska: Northrim BanCorp, Inc.

  • Third largest bank in Alaska selling at a discount to book value and its peers.
  • Temporary macroeconomic headwinds primary cause for undervaluation.
  • Approximate fair value close to 30% higher than today’s market price.
  • 21-year history of uninterrupted dividend payouts carrying a present 3.20% annual yield.

As contributed to Seeking Alpha

Is There Really No Place Like HomeStreet? Pt. I

The MG2 re-branded thrift recently turned commercial bank founded in Washington State some 95 years ago has been through a resurgence of late with an expansion into southern California by way of the acquisition of Simplicity Bank completed last March, its CEO Mark Mason being named Seattle Business Magazine’s 2015 “CEO of The Year,” and a gradual improvement in its overall loan book.

We take a look to see if the former Continental Savings Bank can continue this positive momentum or if a return to its darker pre-2012 days may be ahead.

Read the entire article at Seeking Alpha

 

Flagstar Bancorp: Potential To Fly High

At first glance there is a whole lot to like about Flagstar (NYSE:FBC). The bank holding company is the largest headquartered in the state of Michigan, is the fifth largest savings bank in the country, and they are the official banking partner of the locally beloved and storied Detroit Red Wings NHL franchise…

Read the rest at Seeking Alpha: http://seekingalpha.com/article/3956611-flagstar-bancorp-potential-fly-high

Taking A Look At Lazard

The firm’s history reads like a true to-life storybook. French immigrants arriving in middle 19th century New Orleans, Louisiana and with meager means establish themselves in business as dry goods merchants under the banner Lazard Freres & Co.

Read more at Seeking Alpha: http://seekingalpha.com/article/3946426-taking-look-lazard