Yes, take a look at the 5 year chart for Peoples. Wonder who said that 5 years ago, they probably regret holding this for the "future".
Peoples does nothing with their cash hoard except make outlandish acquisitions of tiny banks. They should be giving some of that back to shareholders or actually merging with a larger reputable bank. Management has been a bunch of fools for a while now. The dividend remains attractive, but I would not be buying until this falls under $12 or gets close to that level. I think it makes a new 52 week low before the year is out.