Insider activity hints at excessive valuations at some regional banks

Article Abstract:

Stock prices among banks in the Central, South and Eastern region have increased due to merger activities that caused investors and insiders to buy and hold on to currently-owned shares in selected companies. Insider buying is an indication that share prices are currently high, particularly in four banks which are Union Planters Corp., First Commerce Corp., First American Corp., and Keystone Financial. The resulting valuations have caused Southern and Eastern Banking to remain on top of the industry rankings.

Evaluation, Brief Article, Securities, Bank stocks

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These southern banks show strong insider signals

Article Abstract:

Several southern banks have exhibited increasing insider stock purchasing and these include National Commerce Bancorp, SouthTrust Bank of Alabama N.A., BancorpSouth Inc., Trustmark Corp. and Whitney Holding Corp. In general, financial stocks have benefitted from the decline in interest rates. It is expected that banks with excess capital will give higher dividends or become aggressive in repurchasing their stocks. Southern banks, in particular, are gaining from increased loan revenues.

Trustmark Corp., TRMK, Whitney Holding Corp., National Commerce Bancorp., SouthTrust Bank of Alabama N.A., BancorpSouth Inc., NCBC, BOMS, WTNY

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New financial statistics

Article Abstract:

Financial data gathered from the OECD Financial Affairs Division detailed commercial banks' net income, net provisions and profits before tax of OECD countries from 1989-1994. Closer analysis reveals that Turkey registered the highest 1994 commercial bank net income and profits before tax with Finland generating the lowest. Premium insurance statistics were highest in the US and lowest in Iceland with only $8 million.

Economic aspects, Organization for Economic Cooperation and Development, Insurance policies

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