This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

10 Small Bank Stocks for Growth

9. First PacTrust Bancorp

Shares of First PacTrust Bancorp (FPTB) of Chula Vista, Calif., closed at $15.87 Friday, returning 81% over the previous year. With a quarterly payout of 10.5 cents, the shares have a dividend yield of 2.65%.

Based on a consensus 12-month price target of $19.08, the shares have 20% upside potential.

The company had $862 million in total assets as of December 31, with nine offices in San Diego and Riverside Counties.

After raising $60 million through a private placement completed in November, First PacTrust redeemed $19.3 million in preferred shares held by the government for bailout assistance received through the Troubled Assets Relief Program, or TARP. The company later completed its exit from the program by repurchasing for $1 million a warrant held by the U.S. Treasury to purchase common shares.

Net income available to common shareholders for 2010was $1.9 million, or 37 cents a share in 2010. The consensus earnings estimates are a dollar a share in 2011 and $1.25 a share in 2012.

After a "noisy" fourth quarter for the company, FIG Partners analyst Timothy Coffey reiterated his "outperform" or buy rating for First PacTrust with a $17.50 price target, saying that CEO Gregory Mitchell had assembled a "powerful team of bankers," and that with "the impressive capital base now in place," he was expecting "positive signs of growth to emerge."

All six analysts covering First PacTrust rate the shares a buy.
3 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
ABCB $31.40 0.00%
BNCL $14.00 0.79%
BAC $14.77 1.44%
C $46.68 0.86%
FUBC $8.85 0.34%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs