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NASB - North American Savings Bank: Great Bank But May Be Time To Take Profits
NASB Financial Inc
North American Savings Bank (NASB) released their Third Quarter Earnings on August 4th and it was a record quarter. The bank made $5.48 per share in the third quarter compared to last year's performance of $1.80 for the same period. This is after earnings increased from $2.14 to $3.22 for the first two quarters. Thus, earnings for the first nine months of the fiscal year have risen an astounding 120% over the same period last year ($8.70 vs. $3.94).
The Market liked the earnings as well. The stock was at $39.25 on the