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 YChartsInterested in more on Fox Chase Bancorp? See TheStreet Ratings' report card for this stock.
Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, 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
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll 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.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
