Hello Reader,

Offer expires in:

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Tonight at midnight, several important things happen:

If you are ready to join Street Freak, follow this link.

We want you to know what you're getting into, so here's an excerpt from a recent update sent out by Jared to his Street Freak readers TODAY --->

There are big things on the horizon, including Jared' latest pick... which is projected to return an impressive 70%.

[ALERT] Bargain Hunting in . Buy "" NOW!

In the last month, is up 8.2%, is up 4.9%, and is up 21.9%. The plan is working.

We’re in the early days of a rotation into value stocks.

This bodes well for financial stocks, including banks. You can read more about our investing theme, “The Value Rotation” in our latest Quick-Guide here:

banks are pretty cheap right now… which gives us an excellent point of entry.

Higher inflation, along with economic recovery, should steepen the yield curve. This would make bank margins expand, since banks “borrow short and lend long.”

We also expect banks to hike dividends after the Bank lifts dividend restrictions this fall.

A little further down the road, banks will start releasing loan loss reserves that built up during the pandemic. This will be a tailwind for earnings.

That brings us to the financial institution we’re adding to the Street Freak portfolio today:

The vast majority of funding comes from core deposits—essentially a free funding source. Only 29% of its total funding comes from higher-cost, wholesale funding sources (versus a 45% average for the banking industry).

also has a much lower nonperforming loan ratio than the average bank, according to Morningstar.

We like that 77% of revenues come from loans. That puts the company in a better position than other banks—which have more exposure to businesses like wealth management—to capitalize on a more favorable interest rate environment.

The stock is a good value.

has a forward P/E ratio of 9.9 and a price-to-book ratio of 0.83. If you multiply a standard P/E ratio of 15 by the fiscal year 2023 earnings estimate of $1.51, you get a share price of $22.65...

That’s about 70% above the current share price. This is our anticipated/projected take-profit.

The stock has a Forward Dividend Yield of 7% and a Forward Payout Ratio of just 65%.

We see multiple catalysts that could push higher—including economic recovery, a steepening yield curve, and a dividend hike in the second half of 2021.

Action Item: Allocate % of your Street Freak portfolio to a long position in .

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All our best,

Mauldin Economics