Small Bank Investors React to the Bank of Utica Annual Report $BKUT $BKUTK

We posted the Bank of Utica annual report for 2019 yesterday. Here are some investors' reactions:

How does a banker buy $86MM worth of stocks for his own bank’s account and neglect his own bank’s shares trading for 45% of book value? $BKUT $BKUTK
Has he no faith in himself?

— Phil Timyan (@TimyanBankAlert) February 16, 2020

I spend way too much time railing on second and third generation bankers who are very poor stewards of shareholders’ capital.
Gates Little $SRNN
Chevis Swetman $PFBX
Tom Sinnott $BKUT
John Demyan $GLBZ
But by owning their stocks I am also being a poor steward of my own capital.

— Phil Timyan (@TimyanBankAlert) February 16, 2020

Repurchases are a win-win yet they still don’t undertake them. The Sinnotts gain a higher stake in the company and reduce pesky shareholders meanwhile the balance sheet gets optimized for better returns. I think I’ll be moving on to greener pastures.

— Shadowridge Value (@Shadow_Value) February 16, 2020

Some quick updates on two OTC banks $BKUT $BKUTK $FINN https://t.co/bYAjPudvea

— Shadowridge Value (@Shadow_Value) February 2, 2020

Shareholder letters from Tom Sinnott @ $BKUT Bank of Utica are always cringeworthy. ⁦@MidwestHedgie⁩ pic.twitter.com/8Wzk2uGYls

— Phil Timyan (@TimyanBankAlert) March 16, 2019