Going Long on "Community Banks" with Hanmi Financial, First BanCorp. and First Trust ABA Community Bank Fund (HAFC, FBP, QABA)

Investing Ideas (5)

Move over big banks, get ready for the smaller community banks to reap the benefits of President Obama's Bank Reform.  Your weapons of choice are Hanmi Financial Corp (NASDAQ:HAFC) and First BanCorp. (NYSE:FBP), both companies share price increased 20% today and they are both under $3. However the real trade may be the "U.S. Community Bank ETF" ala First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA).

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