Professional
Added to YB: 2024-07-31
Pitch date: 2024-07-30
FIEB [bullish]
First IC Corporation
+152.15%
current return
Author Info
Cedar Creek Partners provides deep-dive research on undervalued companies. Follow on Twitter/X.
Company Info
First IC Corporation operates as the bank holding company for First IC Bank that provides banking products and services in the United States.
Market Cap
$68.0M
Pitch Price
$8.13
Price Target
30.00 (+46%)
Dividend
13.33%
EV/EBITDA
N/A
P/E
3.18
EV/Sales
N/A
Sector
Banks
Category
value
Cedar Creek Partners Portfolio Holding - First IC Corporation
FIEB: Korean-run Atlanta bank, $7.50/share. $2.65 EPS, $14.58 BV, 43% efficiency ratio. $1 annual div (13%+ yield). SBA loans focus, branches in GA, TX, CA, NJ. $25-$30 PT. Potential sale target due to insider ownership. Happy to collect div while waiting for value realization.
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