Business & Finance
Business and Finance
Business and Finance
Tue, December 21, 2010
Mon, December 20, 2010 Zacks' Voice of the People highlights opportunities with BankAtlantic Bancorp, Independent Bank, Marshall & Ilsley Corporation,
CHICAGO--([ BUSINESS WIRE ])--Zacks highlights commentary from People and Picks Trader ainthemoneystocksa.
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Featured Post
Small Bank Stocks Follow BankAtlantic
December 20, 2010 - RELATED TICKERS: BankAtlantic Bancorp, Inc.(NYSE: [ BBX ]), Independent Bank Corporation(Nasdaq: [ IBCP ]), Marshall & Ilsley Corporation(NYSE: [ MI ]), Hanmi Financial Corp(Nasdaq: [ HAFC ]) and Dearborn Bancorp, Inc.(Nasdaq: [ DEAR ]).
BankAtlantic Bancorp, Inc.(NYSE: [ BBX ]) has surged in the last three days to a high of $1.50 from $0.86. Other small-cap banks have been on the move as well. They are surging on the back of increased optimism and short squeezes.
Just today,Independent Bank Corporation(Nasdaq: [ IBCP ]) jumped from an opening price of $1.06 to a high of $1.43. The excitement around the small bank moves today is becauseMarshall & Ilsley Corporation(NYSE: [ MI ]) was bought out. This means speculation may run rampant on other small financial institutions.
To list a few that look ripe for a move, watchHanmi Financial Corp(Nasdaq: [ HAFC ]) andDearborn Bancorp, Inc.(Nasdaq: [ DEAR ]). These are all extremely risky, but offer a possible mega reward if they launch. I personally have picked up small positions in HAFC.
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