Penny Stock News: Nashville Bank & Trust Reports First Quarter 2011 Results

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NASHVILLE, Tenn.–(BUSINESSWIRE)

NBT Holdings Inc. (OTCBB:NBTH.PK), a bank holding company and the parent
of Nashville Bank Trust Company, reported net income of $384,000 for
the first quarter 2011, a 99 percent increase compared with $193,000 for
the first quarter 2010. Earnings per fully diluted share for the quarter
ending March 31, 2011 totaled $0.17 versus $0.09 for the same period in
2010.

At March 31, 2011, the bank reported total assets of $219.8 million, a
16 percent increase from March 31, 2010. Over the same period, deposits
increased 16 percent to $181.7 million, while loan growth was 6 percent,
reaching $156.5 million. At March 31, 2011, the bank’s capital exceeded
the FDIC guidelines for a “well capitalized” bank in all categories,
including a Tier 1 leverage ratio of 10.65 percent compared with the
minimum guideline of 5.0 percent.

Penny Stocks are stocks traded for under $2 and they represent the small cap companies. They trade on the OTCBB so you will not find them on the major stock exchanges. They are very cheap stocks and normally come for businesses needing capital. They are a very risky investment as the business can go under and leave you with a stock worth nothing. However that being said penny stock trading can be a great money maker, and there are numerous traders who make 6 figures and more from them each year.

The best reasons to trade in penny stocks are the fact that they do not require a large initial investment, meaning that they are an affordable investment for many. Penny stocks are cheap. For example if you were to buy 1000 shares in a company with shares at 10 cents, you would only require an investment of $100, whereas if the shares cost $5 you would require an investment of $5000. Penny stocks also have the potential of huge gains, and have been known to rise as much as 1000% daily. Therefore your $100 investment can be worth $1000. This is very unlikely to happen to other stocks from large cap businesses.

 

Article source: http://uk.finance.yahoo.com/news/Nashville-Bank-Trust-Reports-businesswireuk-2183880058.html?x=0