3. OmniAmerican Bancorp
Shares of OmniAmerican Bancorp (OABC) of Fort Worth, Texas, closed at $22.74 Friday, returning 45% year-to-date, following a 16% return in 2011.
The shares trade for 1.3 times tangible book value, according to Thomson Financial Bank Insight, and for 27 times the consensus 2013 EPS estimate of 85 cents. The consensus 2014 EPS estimate is $1.10.
OmniAmerican converted to full stock ownership in January 2010, so the company's board of directors will be able to consider selling the company early next year.
The company had $1.3 billion in total assets as of Sept. 30, and reported third-quarter net income of $2.3 million, or 22 cents a share, increasing from $1.4 million, or 14 cents a share, in the second quarter, and $1.0 million, or 10 cents a share, in the third quarter of 2011. The earnings improvement reflected an increase in gains on loan sales to $941,000 in the third quarter from $501,000 the previous quarter, and $380,000 a year earlier. The company also reported 762,000 in gains on the sale of securities during the third quarter.A bright spot for the third-quarter was that the net interest margin expanded to 3.30% during the third quarter, from 3.15% in the second quarter, although the margin had narrowed from 3.40% a year earlier. KBW analyst Brady Gailey wrote on Oct. 26 that "OABC reported a strong quarter with 15 bpts of NIM expansion, propped higher by shrinkage in the bond book and paydowns of higher cost borrowings," and said that with the company not buying back any shares during the third quarter, he continued "to believe OABC could be worth around $28/shr in a sale." Gailey estimates that operating independently, OmniAmerican Bancorp will earn 85 cents a share in 2013, with earnings growing to $1.10 a share in 2014. The analyst said that "a sale of the company is likely in the near term," and that "we believe OABC's Dallas/Ft Worth geography will be attractive to many." OABC data by YCharts
Interested in more on OmniAmerican 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 Plus 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