Robert Clark is an analyst in Financial Institutions Research. He has covered the US banking sector for 25 years, including 20 years at S&P Global Market Intelligence and five years as a portfolio analyst for activist investor Larry Seidman. His areas of focus include mutual bank conversions, activist investing, sector exposure, peer analysis and data visualization. He has been quoted in several publications, including Forbes, American Banker and Politico.
Robert earned a Bachelor of Arts degree in Economics from the University of Virginia.
This feature has the latest news from the mutual bank conversion sector. As of Jan. 8, four conversions were in the pipeline. Magnolia Bancorp Inc., the proposed holding company for Metairie, Louisiana-based Mutual Savings and Loan Association, issued a prospectus for its mutual-to-stock conversion offering that expired Dec. 17, 2024. The company's pro forma ratio of tangible c...
This feature has the latest news from the mutual bank conversion sector. As of Dec. 17, four conversions were in the pipeline. On Dec. 13, Wausau, Wisconsin-based Marathon Bancorp Inc. filed a registration statement for a second-stage conversion. The purchase limitation in the stock offering is $600,000. The exchange ratio ranges from 1.1368 at the minimum of the offering range...
US bank stocks surge after election to highest valuation level in 2024
Investors bid up bank stocks following President-elect Donald Trump's victory in the 2024 presidential election. The rally was immediate and widespread as the market expects less severe government regulation starting in 2025, including a more supportive regime for approving mergers and acquisitions. The median total return in November for the 211 banks in a S&P Global Market In...
