At www.ValuEngine.com we show that the Finance sector is 13.9% overvalued, with the Banks-Midwest industry 3.5% overvalued, and the Banks-West industry 0.5% undervalued. All 12 stocks in today’s table have complete ValuEngine data and have enough price data to have most value levels, risky levels and pivots.
AMRB – has been below $10 since the week of August 7, 2009.
COBZ – has been below $10 since the week of December 26, 2008.
CVCY – has been below $10 since the week of August 1, 2008.
FCZA – has been below $10 since the week of October 10, 2008.
FMNB – has been below $10 since the week of August 24, 2007.
GBNK – has been below $9.75 for at least five years.
HBAN – has only been below $10 since the week of November 14, 2008.
HEOP – has been below $10 since the week of June 27, 2008.
HTBK – has been below $10 since the week of January 23, 2009.
LNBB – has been below $10 since the week of October 10, 2008.
MCBC – has been below $10 since the week of May 23, 2008.
SSBI – has been below $10 since the week of October 5, 2007.
Reading the Table
OV / UN Valued – The stocks with a red number are undervalued by this percentage. Those with a black number are overvalued by that percentage according to ValuEngine. The most undervalued stock is GBNK by 53.2%. The most overvalued stock is SSBI by 18.7%.
VE Rating – A “1-Engine” rating is a Strong Sell, a “2-Engine” rating is a Sell, a “3-Engine” rating is a Hold, a “4-Engine” rating is a Buy and a “5-Engine” rating is a Strong Buy. We have twelve Buy rated stocks.
Last 12-Month Return (%) – Stocks with a Red number declined by that percentage over the last twelve months. Stocks with a Black number increased by that percentage over the past twelve months! The biggest winner over the last twelve months is CVCY with a gain of 64.9%. There were no losers.
Forecast 1-Year Return – Stocks with a Red number are projected to decline by that percentage over the next twelve months. Stocks with a Black number in the Table are projected to move higher by that percentage over the next twelve months. There is not a single stock expected to be lower over the next twelve months. The projected biggest gainer is MCBC with a projected gain of 13.3%.
P/E Ratios – MCBC has a single-digit twelve month trailing P/E ratio. The others have P/E ratios between 11.0 and 25.5.
Value Level: is the price at which to enter a GTC Limit Order to buy on weakness. The letters mean; W-Weekly, M-Monthly, Q-Quarterly, S-Semiannual and A- Annual.
Pivot: A level between a value level and risky level that acts as a magnet during the time frame noted.
Risky Level: is the price at which to enter a GTC Limit Order to sell on strength.
Where to Buy and Where to Sell – A “Value Level” is a price at which buyers should add to positions on market price weakness. A “Risky Level” is a price at which sellers should reduce holdings on market price gains. A “Pivot” is a support or resistance (Value Level or Risky Level) that was violated in its time horizon, acting as a magnet during the remainder of that time horizon. These levels are calculated in weekly (W), monthly (M), quarterly (Q), semiannual (S) and annual (A) time horizons, based on the past nine closes in each time horizon. My theory is that the closes over a nine-year period are the summation of all bullish and bearish events for that market or specific stock. These levels are the most important element of my Buy and Trade Strategy.
Buy and Trade Guidelines: Investors should consider entering good until cancelled (GTC) orders to buy weakness to a value level, or to sell strength to a risky level.
