Professional
Added to YB: 2026-03-17
Pitch date: 2026-03-14
STLE [bullish]
Steele Bancorp Inc.
-0.86%
current return
Author Info
Cedar Creek Partners provides deep-dive research on undervalued companies. Follow on Twitter/X.
Company Info
Steele Bancorp Inc. operates as a bank holding company for Mifflinburg Bank and Trust Company that provides commercial, mortgage, residential real estate, consumer loan financing, and deposit services in Pennsylvania.
Market Cap
$120.7M
Pitch Price
$35.50
Price Target
N/A
Dividend
4.23%
EV/EBITDA
N/A
P/E
3.87
EV/Sales
N/A
Sector
Banks
Category
value
I have been building a position in Steele Bancorp $STLE
STLE (new position): Merger of Mifflinburg & Northumberland. Q4 adj for merger costs & bargain purchase gain = $6.4M pre-tax (~$1.60/share). Add $0.20 intangible amortization = $1.80 run rate, $7.20/share annualized pre-synergies. Trading $33.25 (<5x run rate). Book ~$35, TBV ~$31/share. Risks: merger execution, heavy commercial loan exposure, OTC illiquidity.
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