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UWBK - United Western Bancorp, Inc

post #1 of 180
Thread Starter 
United Western Bancorp, Inc. operates as the holding company for United Western Bank, which provides community-based banking services to individuals, and small and mid-size business customers in Colorado. The company offers various deposit accounts, including retail and institutional checking accounts, NOW accounts, money market accounts, retail savings accounts, and certificates of deposit. It also provides various loans, which consist of commercial real estate, residential and commercial construction and development, commercial loans to small and middle market businesses, and small business administration (SBA) loans, as well as consumer loans, such as home equity lines of credit, credit card, auto, and unsecured consumer loans. As of December 31, 2008, the company had seven full service banking locations in Denver, Cherry Creek, Hampden, Boulder, Loveland, Fort Collins, and Longmont; and a loan production office. Its subsidiary, Sterling Trust Company, specializes in the custody and administration of self-directed individual retirement accounts, qualified business retirement plans, and personal custodial accounts, as well as corporate escrow and paying agent services. The company’s another subsidiary, Matrix Financial Services Corporation, engages in originating, acquiring, and servicing residential mortgage loans. Its subsidiary, First Matrix Investment Services Corp., focuses on the acquisition, brokering, securitization, and sale of SBA loans and SBA securities. First Matrix also sells fixed income securities to institutional customers. The company was formerly known as Matrix Bancorp, Inc. and changed its name to United Western Bancorp, Inc. in September 2006. United Western Bancorp was founded in 1993 and is headquartered in Denver, Colorado

chart.ashx?t=uwbk&ta=1&p=d&s=l
post #2 of 180
Thread Starter 
almost at 52 week low--bought because of this news--jmo--good buy and hold- http://denver.bizjournals.com/denver...html?ana=yfcpc
post #3 of 180
Thread Starter 
Quote:
Originally Posted by highangle View Post
almost at 52 week low--bought because of this news--jmo--good buy and hold- http://denver.bizjournals.com/denver...html?ana=yfcpc
trend is up-- http://stockcharts.com/h-sc/ui?s=UWB...d=p87578207080
post #4 of 180
I got in this about mid-September just under $4. Definitely a long term play, but I think this stock is way oversold, even with the current financial market situation.
post #5 of 180
Thread Starter 
Quote:
Originally Posted by JWSchmidt3 View Post
I got in this about mid-September just under $4. Definitely a long term play, but I think this stock is way oversold, even with the current financial market situation.
great--someone is loading 4.15 and 4.16 today--trend is up
post #6 of 180
Thread Starter 
I bought because the news that gs. had bought a lot--but looking better now
quick yahoo look shows

Total Cash (mrq): 289.00M
Total Cash Per Share (mrq): 39.342
Book Value Per Share (mrq): 18.052999
post #7 of 180
Thread Starter 
big buys going through
post #8 of 180
Thread Starter 
this bank will be green tomorrow imho- http://stockcharts.com/h-sc/ui?s=UWB...d=p93207392978
post #9 of 180
Thread Starter 
going to grab a few more today
post #10 of 180
Thread Starter 
wow! just saw how many have bought-- http://www.mffais.com/uwbk
post #11 of 180
Thread Starter 
huge buy!! took out 4.24 trought 4.27
post #12 of 180
Thread Starter 
wow--someone is loading a lot at 4.25--as soon as 4.25 is gone it breaks imho
post #13 of 180
Thread Starter 
someone is loading a crap load of this bank at 4.25!--as soon as the 4.25 seller is gone--jmho--it takes off fast
post #14 of 180
Thread Starter 
going to grab a few more--g/l
post #15 of 180
Thread Starter 
bid building--put on level 2--needs to break 4.29 today to go on up--jmho
post #16 of 180
still a great buy
post #17 of 180
Why haven't you guys updated this thread?? There was great news yesterday after the close and we'll almost for sure test today's highs again so it's an easy 20% from and we could go above $1.50 tomorrow! Could even hit $2 within a day or 2!

United Western Bank(R) Enters into Agreement to Purchase Legent Clearing, LLC

4:10p ET June 15, 2010 (Business Wire)
United Western Bancorp, Inc. (NASDAQ: UWBK) (the "Company"), today announced that its federal savings bank subsidiary, United Western Bank(R) (the "Bank"), has entered into a definitive agreement whereby the Bank has agreed to purchase from Legent Group, LLC all of the outstanding equity interests in Legent Clearing, LLC, for a combination of $13,000,000 cash, and equity in the form of 2,419,688 shares of the Company's common stock, subject to final closing adjustments for certain provisions as provided for in the purchase agreement. The closing of the acquisition is subject to receipt of all regulatory approvals.

The acquisition of Legent Clearing will give the Bank access to lower cost client deposits as a source of liquidity for the Bank. The acquisition is expected to increase deposits by an estimated $400 million. Legent Clearing's business is highly scalable from an organic growth and potential acquisition standpoint and it has the ability to create attractive fee revenues for the Bank and the Company.

Legent Clearing is a FINRA member firm providing securities clearing and other services to correspondent FINRA member firms, including transactional, clearing and settlement services and operations outsourcing services. Its correspondent roster has about 79 broker/dealers, processing more than 590,000 transactions monthly with over 270,000 individual accounts.
post #18 of 180
It WAs a great entry point at 0.75 $ .....I wanted to rotate to UWBK ..... I missed a 40% upside rally......
post #19 of 180

Highest Upside Potential in the Thrifts & Mortgage Finance Industry Detected in Share

Top 5 Companies in the Thrifts & Mortgage Finance Industry Offering Investors the Best Value (CTZN, TONE, CLNH, UWBK, UCFC)

Posted 05:55 AM ET

Featured Stocks

  • UWBK
    United Western Bancorp

* Top-Rated Company





Jul 06, 2010 (SmarTrend(R) News Watch via COMTEX) -- Below are the top five companies in the Thrifts & Mortgage Finance industry as measured by the price to book ratio. Often companies with the lowest ratio present the greatest value to investors.



Citizens First Bancorp (CTZN) has a price to book ratio of 0x based on a current price of $0.13 and a book value per share of $7.72.


Centerline Holding (CLNH) has a price to book ratio of 0.1x based on a current price of $0.15 and a book value per share of $2.42.



United Western Bancorp (UWBK) has a price to book ratio of 0.1x based on a current price of $0.66 and a book value per share of $4.59.
post #20 of 180

Bottoms In....

Appears as though UWBK has hit its bottom and should start to trend back-up. The order was to have a plan on how to raise the capital ratios within 30 Days.
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