Author Topic: KSBI-KS Bancorp  (Read 1303 times)


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KSBI-KS Bancorp
« on: May 16, 2018, 06:41:01 PM »
This bank has scarcity value in Raleigh, as there are only 4 community banks left that are headquartered locally. The region is one of the fastest growth area in southeast US. The valuation is fairly reasonable (13.5x P/E) Unfortunately, the management treats the company as private, wants to remain independent forever, and would even made greenmail payment for an acquirer to exit.

For more background:
Seeking alpha article that didn't publish at the best timing

Today's PR on greenmail payment
"Under the terms of the settlement, KS has repurchased all KS shares owned by First Citizens and its affiliates"