8. Fox Chase Bancorp
Shares of Fox Chase Bancorp (FXCB) of Hatboro, Pa., closed at $15.47 Monday, returning 24% year-to-date, following a 7% return during 2011.
The shares trade for 0.9 times tangible book value, and for 32 times the consensus 2013 EPS estimate of 49 cents. The consensus 2012 EPS estimate is 39 cents.
For the 12-month period ended June 30, Fox Chase Bancorp's ROA was 0.40%, while its ROE was 2.15%.
Fox Chase Bancorp in March 2010 converted from a mutual holding company structure to full stock ownership. With a three-year moratorium on selling the company drawing to a close, Sterne Agee analyst Matthew Breese sees the company as a takeout target, especially because CEO Thomas Petro and chief operating officer Jerry Holbrook "have sold a bank in the past," and because "insider ownership at FXCB is significant at 12.5% of total shares vs. Northeast peers with a median of 7.4%.""In addition," according to Breese, "Fox Chase's management team holds the top 3 insider shareholder positions, each with over $1.0 million worth of stock in the company." The analyst on Sept. 10 raised his price target for Fox Chase by a dollar to $16, to "reflect the potential for a terminal event," saying that if the company were to be sold, "the shares are conservatively worth $18.00 which equates to 150% of required capital and 100% of excess capital given a required capital level of 8.0%" tangible common equity to total assets. Breese said that "Fox Chase will reach its three-year no-sale moratorium in June 2013, at which point all strategic options will become available, including a potential sale." Sterne Agee estimates that Fox Chase will report full-year earnings of 42 cents a share for 2012, followed by EPS of 55 cents in 2013. FXCB data by YCharts
Interested in more on Fox Chase Bancorp? See TheStreet Ratings' report card for this stock.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV