SPFI - South Plains: Coronavirus And Permian Oil Bust Could Cripple This Texas Bank
I've been digging through community and regional banks recently. The sector has gotten walloped, with the median bank falling around 35% since February. In general, that makes sense. A sudden economic shock is going to cause significant lending losses for most banks, regardless of their geography or particular lines of business.
That said, this crisis is going to hit some banks much harder than others. Over the past quarter, however, many people have simply dumped their regional banking stocks indiscriminately, making little distinction between the stronger and weaker names. This offers up strong buying opportunities