Tangible Book Value Hits Are an Underappreciated Headwind to Bank Stock Performance, but Are We Approaching an Inflection Point?

Trends in tangible book value growth over time are a staple of bank stock valuation analysis “…we believe tangible book value per share is a good measure of the value…

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In a Turbulent Market, Are Tech-Forward Bank Stocks Performing as Expected?

The link between stock performance and a hybrid business model Since conceiving of the Travillian Tech-Forward Bank Index last year, we’ve characterized these companies as standing at the forefront of…

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The Boomerang Effect: Bank Outperformance Isn’t Just About Higher Margins When Rates Rise / Written by Sam Haskell

We will begin with a picture:  The Fed Funds rate has been zero for two years, and prior to that about 8 years. In this rising rate backdrop there are…

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Investigate Your Investors: How Investor Relations Can Help Drive Long-Term Value / Written by Diane Fitzgibbons

Investor relations (“IR”) is the process of communicating with the financial industry, including investors, analysts, traders, portfolio managers and media. IR is the discipline designed to establish and maintain strong corporate…

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Russell Reconstitution Update: Need to Knows – Volatility, Programmatic Selling & the M&A Effect

This has been a unique year in many ways, and that certainly applies to the upcoming reconstitution of the Russell U.S. Indexes.  As we’ve discussed at length in prior updates,…

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An Encouraging Set-Up Heading Into Quarter-End, But What Does That Mean For Bank Stocks?

There are several reasons for optimism. The fundamental set-up heading into 1Q bank earnings season is generally pretty encouraging, for a number of reasons. First, we think banks will report…

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Are Tech/Fintech-Focused Investors Bidding Up “Tech-Forward” Bank Stocks?

On the one hand, pure technology and fintech-oriented stocks have been weak so far year-to-date… So far this year, and especially over the past month or so, it’s been interesting to…

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Wall Street to Main Street: ​Community Banks Look to Investment Banks for Key Hires

The Travillian Group’s Brian Love and co-moderator Joe Fenech, content contributor, explore the increasingly prevalent trend of prominent career Wall Streeters migrating to community and regional banks in key senior executive…

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More Banks Now Likely Ensnared in the Russell Web

A new development and heightened interest leads us back to the Russell topic this week. There were plans to focus on a new topic this week after highlighting what I’ll call…

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The 2021 Russell Trade: A Challenge for Some, Opportunity for Others, and a Conundrum for Investors

Russell reconstitution this year could be more impactful, for a wider swath of companies, than in years past. The reconstitution of the Russell indexes takes place annually, at the midpoint…

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Depository Investment Bankers Unplugged – Southwest Edition: ​Industry Consolidation, Disruption and the Outlook Heading into 2021

The Travillian Group hosted three top Southwestern-focused depository investment bankers. They discussed trends within the Southwest and the community banking landscape nationally. Our panelists covered topics including:  ​M&A / Industry Consolidation, Capital…

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Uncovering the Connection between Liquidity and Valuation

Stock liquidity is a frequent topic of discussion, particularly amongst smaller, newly public institutions that are navigating the markets and interacting with institutional investors for the first time. Earlier this year,…

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Would Increased Corporate Tax Rates Hit Banks Where It Hurts?

While no longer inevitable or even likely, higher corporate tax rates are still possible.   With the election and its potential ramifications still in focus and in flux, we’re going to…

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