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Non-Tech : Banking Plays: LT and ST

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To: Lynn who wrote (15)11/8/1998 8:56:00 AM
From: Labrador  Read Replies (1) of 32
 
Does anyone have any thoughts on Coastal Bancorp [CBSA], a Texas-based thrift? Earnings are about $2 per year, trading at $18 -- so P/E is 9. Book value is $15.50, trading at 1.15 x book value. I think that the earnings will continue to grow, but don't see why the stock does not command a higher price.

thoughts?
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