|Representative Barney Frank (D-Mass.)|
- Shares of Bank of America closed at $5.78 on Friday and traded for just 5.8 times the consensus 2012 earnings estimate of $99 cents a share, among analysts polled by FactSet. The shares were also trading for less than half of their Sept 30 tangible book value of $13.20, according to SNL. The shares were down 57% year-to-date.
- Citigroup was trading for just 6.0 times the consensus 2012 EPS estimate of $4.39 and just over half of tangible book value, based on Friday's closing price of $26.28. The shares were down 44% year-to-date.
- JPMorgan traded for 6.3 times the consensus 2012 EPS estimate of $4.89 and just over tangible book value, as of Friday, when the shares closed at $30.62. JPMorgan's shares were down 26% year-to-date.
- The only member of the "big four" group of U.S. banks trading over book value at Friday's market close was Wells Fargo, which closed at $24.69, or 1.4 times tangible book, according to SNL. The shares traded for 7.7 times the consensus 2012 EPS estimate of $3.20. Wells Fargo was the best of the big four, with shares down "only" 19% year-to-date.
- F.N.B. Corp (FNB) of Hermitage, Pa., which closed at $10.77 Friday, returning 14% year-to-date. The company had $9.95 billion in total assets as of Sept. 30. KBW analyst Damon Delmonte rates the shares "Outperform," with a price target of $12.50. The shares trade for 13 times the consensus 2012 EPS estimate of 83 cents, among analysts polled by FactSet, and 2.2 times tangible book value, according to SNL Financial.
- Citizens Republic Bancorp (CRBC) of Flint, Mich., closed at $10.13 Friday, returning 65% year-to-date. The company had $9.6 billion in total assets as of Sept. 30. The shares have recovered this year as credit quality has improved. While Citizens Republic owes $300 million in federal bailout funds received through the Troubled Assets Relief Program, or TARP, several analysts see the company moving closer to recapturing over $300 million in deferred tax assets. KBW analyst John Barber rates the shares "Outperform," with a price target of $13.00. The shares trade for 8.2 times the consensus 2012 EPS estimate of $1.24, and just over tangible book value.
- Capitol Federal Savings (CFFN) of Topeka, Kan., had $9.5 billion in total assets as of Sept. 30. The shares closed at $10.99 Friday, and were up slightly year-to-date. Damon Delmonte rates the shares "Outperform" with a $14.00 price target. The shares trade just below book value, according to KBW, and for 27 times KBW's 2012 EPS estimate of 41 cents.