Alliance Bancorp Inc. of Pennsylvania is a NASDAQ listed security that has been trading in a range between $8.97 and $9.84 over the past year. With 7,225,000 shares outstanding, a recent price of $9.22 gives a total market capitalization of $66,758,998. While there are certainly larger companies, Alliance Bancorp Inc. of Pennsylvania has definitely earned its place in the pack. Last year, Alliance Bancorp Inc. of Pennsylvania created $0.34 in earnings for every share outstanding.
Alliance Bancorp Inc. of Pennsylvania is currently priced by the market at 27.00 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share below $1 a share, Alliance Bancorp Inc. of Pennsylvania could be an interesting value proposition. Consistent earnings are the key to high valuations and this security is well on its way.
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