Small Bank Stocks Follow BankAtlantic - Voice of the People

Zacks' Voice of the People Highlights user inthemoneystocks: "Small Bank Stocks Follow BankAtlantic" from the People & Picks community.

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Small Bank Stocks Follow BankAtlantic

BankAtlantic Bancorp, Inc. (BBX) has surged in the last three days to a high of $1.50 from $0.86. Other small-cap banks have been on the move as well. They are surging on the back of increased optimism and short squeezes.

Just today, Independent Bank Corporation (IBCP) jumped from an opening price of $1.06 to a high of $1.43. The excitement around the small bank moves today is because Marshall & Ilsley Corporation (MI) was bought out. This means speculation may run rampant on other small financial institutions.

To list a few that look ripe for a move, watch Hanmi Financial Corp (HAFC) and Dearborn Bancorp, Inc. (DEAR). These are all extremely risky, but offer a possible mega reward if they launch. I personally have picked up small positions in HAFC.

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BANKATLANTIC -A (BBX): Free Stock Analysis Report
 
DEARBORN BANCRP (DEAR): Free Stock Analysis Report
 
HANMI FINL CP (HAFC): Free Stock Analysis Report
 
INDEP BK MICH (IBCP): Free Stock Analysis Report
 
MARSHALL&ILSLEY (MI): Free Stock Analysis Report
 
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