Added to YB: 2026-02-02
Pitch date: 2026-01-30
CMRB [neutral]
First Commerce Bancorp, Inc.
-3.29%
current return
Author Info
No bio for this author
Company Info
First Commerce Bancorp, Inc. operates as a bank holding company for First Commerce Bank that provides various commercial banking products and services to individuals and businesses in the United States.
Market Cap
$129.9M
Pitch Price
$6.72
Price Target
7.00 (+8%)
Dividend
N/A
EV/EBITDA
N/A
P/E
21.39
EV/Sales
N/A
Sector
Banks
Category
special_situation
Beer Money Tender Offer? - First Commerce Bancorp, Inc.
CMRB: Tender offer at $7.00/share vs current $6.50, targeting 3M shares expiring Feb 27. 5% spread = ~20-50% IRR over 1.5-3mo timeline. BV $8.63 makes buyback accretive. Risk: extreme illiquidity ($60K daily volume), pro-ration risk from ESOP/locals tendering.
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