I own PBCT and am happy to do so ... of course I bought after it got killed in the financial mess. I appreciate the pain shareholders feel who have ridden this down. I was in the same place with some high tech stocks ... I did not sell them, but instead added to positions ... it has turned out well with a good dose of patience. PBCT is paying a nice dividend to help make the waiting easier to take. It may take a year or two or even more, but I can see the share price getting to the high teens or better
I sold this morning at 13.70 as part of my trading strategy in this stock. In the case of PBCT, I buy in the mid-12 area and sell when my gain equals the annual dividend or more. I've been in and out 3 times in the past year with a total gain of a little better than 13%. I pay a flat $2 commission after 25 commission-free trades annually, so that's hardly a factor. If I happen to catch a dividend along the way, that's just added gravy as far as I'm concerned. If the stock runs out of my range, I have plenty of other stocks that I use similarly. I've long since moved beyond the buy-and-hold mentality and taken a much more active trading approach. So far, I've found this to be much more profitable. The market needs people like me to provide liquidity and fluidity. For me, good earnings reports are an opportunity to sell rather than buy. The effects of good (or bad) news wears off quickly, so I take advantage of these swings to take the other side of the trade. Good luck.