March 13, 2014 8:08 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
In a report published Thursday, Compass Point analyst Laurie Havener Hunsicker initiated coverage on
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Beneficial Mutual Bancorp (NASDAQ: BNCL) with a Buy rating and $15.00 price target.In the report, Compass Point noted, “We initiate with a Buy rating and a $15.00 price target, representing 1.1x market-adjusted fully-converted TB (FCTB). BNCL offers investors a unique opportunity to invest in a well-capitalized, 160+ year old, $5 billion-asset sized, Philadelphia-based bank, at a discount to fully-converted tangible book value. The key to the investment thesis sits in understanding the MHC (Mutual Holding Company) structure and the potential implications for existing shareholders in the event of a second-step IPO. We base our valuation on a blended five-pronged approach: 1) Franchise footprint (including acquisition track record and sensitivity to TB dilution); 2) Current pricing relative to peers (with added emphasis on the P/TB metric for the over-capitalized banks); 3) Credit; 4) Capital (including use of capital management tools); and 5) Management expertise (including inside ownership).”Beneficial Mutual Bancorp closed on Wednesday at $13.64.
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