U.S. THRIFT: BANK STOCKS

Excellent “value” opportunities exist among community bank stocks and U.S. thrifts, as they typically have low downside risk and strong appreciation potential.

The U.S. Thrift portfolio is comprised of previously converted thrifts as well as deposit accounts in mutual banks, which give Polaris valuable preferential rights to purchase stock if the mutual institution converts to stock ownership. The bank stocks in the portfolio, typically smaller thrifts and community banks, are broadly diversified geographically. Many of the portfolio holdings have footholds in multiple markets and neighboring states.

OUTLOOK FOR BANK STOCKS AS OF 03/31/17

U.S. bank stocks lost momentum due to a lack of tax or regulatory reform; banks will likely be in a holding pattern until there is more tangible evidence of the Administration’s proposed changes. Increasing interest rates are expected to only modestly improve bank net interest margins. However, continued U.S. economic growth may bode well for banks, as loan originations should ramp up, while non-performing loans decrease. For more information about the U.S. Thrift portfolio, please contact Polaris directly.


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