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Non-Tech : Independence Savings Bank (ICBC) -- Ignore unavailable to you. Want to Upgrade?


To: Rich B. who wrote (203)4/5/1998 12:52:00 PM
From: Rob C.  Respond to of 246
 
Keefe Bruyette & Woods issued Company Report - Posted: April 3, 1998

On March 19, 1998 Keefe Bruyette & Woods analyst David Winton issued a 6 page Company Report on Independence Bk. Report highlights: "Coverage was initiated with a MARKET PERFORMER rating based on the current price of the stock. The 1998 and 1999 EPS estimates were initiated at $0.47 and $0.57, respectively. The company deserves to trade at a premium to its peer group due to its experience with acquiring other institutions. This experience will no doubt be critical to the success of future acquisitions and the bank's efforts to leverage excess capital."

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