This bank has been trading down along with almost all the others in the financial sector, but I think that this is a winner.
1) Fundamentals are sound. This stock has a NPM of almost 30%, OM of 40%, and an ROE of almost 17%! The company has been growing EPS by 15% annually which is a steady and consistent growth rate for a smaller bank. It is trading at a low P/E multiple of 11.2 and a relatively low P/B ratio of 1.72.
2)The company has not posted a loss. On the contrary, the company has actually had a record quarter just recently in the midst of all the financial trouble in the sector.
3) The annual reports tell us that the chairman/CEO has held the position for 30+ years. The man obviously knows how to run a bank.
4) Management is highly invested in the company. Institutional ownership is at 80%.