A Regional Bank That Can Trace Its Roots To The Year The American Civil War Ended
A family-run and owned regional bank that can trace its roots to the year the American Civil War ended. Run by one family for at least the last 113 years, the current president and chief operating officer succeeded his father in 2013 to create an unbroken line of sons running about 110 years and five generations.
It is not a growth stock. But, it’s a good value stock. The combined level of growth in deposits per share – this number is boosted by the annual stock buybacks – and the dividend yield is high enough to outperform the S&P 500.
It’s a safe and boring bank. When it’s priced to outperform the S&P 500, it should be bought.