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These ratings are posted by site users; this content is not intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by Bankinvestor.com

SIB
Strong Buy 
 33.33%
1 members
Buy 
 0.00%
0 members
Hold 
 33.33%
1 members
Sell 
 0.00%
0 members
Strong Sell 
 33.33%
1 members
 
Average rating: 3.00 (Strong Buy) 1.00 - 5.00 (Strong Sell) Total: 3 members

Annual growth of SIB:

NOTE: areas highlighted in blue indicate that this user is sharing the highlighted information with their private group ONLY

Oct. 17 2003, 08:12 AM ET
Nearest price: 20.42 (10/17/03)
by sbguy (profile)
(all of sbguy's ratings)
rating:
Strong Sell
SIB is now damaged goods with the announcement that their mortgage co. blew up in Q3. the stock is only at this level based on takeover rumors and is now in for a fall.

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Oct. 15 2003, 12:29 PM ET
Nearest price: 21.57 (10/15/03)
by snlguy999 (profile)
(all of snlguy999's ratings)
rating:
Hold
(Previous rating: Buy,
on Mar. 21 2003, 4:16 PM ET)
There is nothing other than takeover rumors to advance the stock past its current levels. While its likely SIB will be sold, timing is everything.

While book value is rather archaic and has less relevance to many industries, with financial stocks it is a good starting point. SIB is currently trading around 2.1x. A reasonable takeout price would be 2.25x to 2.50x, which translates to $23.80 to $26.45. That gives a starting range. Now I usually look at price per earnings per share. The most recent quarter is $0.77, however, with rising rates, slowing mortgage demand, and compressed margins, earnings are unlikely to continue at that level. But SIB should still be able to throw off $1.50 to $2.00 per share earnings going forward. The market used to bear takeout prices of 18x to 20x, but more realistic prices in this environment are less. However, I do not feel that a takeout price of 15x would be particularly dilutive. 15x at $1.50 to $2.00 is $23 to $30. The acquirer would probably be able to derive savings via branch closings or redundant staff to shrink the 15x to something less.

So as a price range, I feel $25 to $27 is reasonable and fair.

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Apr. 18 2003, 6:57 PM ET
Nearest price: 16.13 (04/21/03)
by ARTLO (profile)
(all of ARTLO's ratings)
rating:
Strong Buy
SIB has shown to be a very profitable bank, increasing earnings and dividens since it has gone public

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