PBCT board is in a coma, this stock hasnt broken the
I believe that many people got into this stock at or after the 2007 IPO (PBCT'S 2nd offering). And they were expecting a fast and exciting ride. That has never been the banks history, theirs is just the opposite. They have always been a conservative minded New England bank. And that is the reason the bank has never taken a bailout in 170 years and why they did not tank as bad as most other financial institutions did after Sept. 2008. I do have a problem with a lot of managements decisions since then, The hiring of Phillip Sherringham being the worst. Check any of my older posts. But I still believe in the banks long term prospects. Meanwhile I will hold my position and reinvest my Divi's and add a little more at times. I have been doing this since the very early 90's and am very happy with the three 3-2 and one 21-10 splits that I have benefited from to date, not to mention the dividend. Posted that last week, Now I for one am pretty happy with the acquisition of those 56 branches from Citizen's. It is one of the better and more logical financial moves that this management team(Jack Barnes) has made. It greatly increases their exposure in the greater NYC area and I think that that fast paced, always on the move, and need it yesterday customer base will flock to the S & S branches so they can do two things at the same place. Maybe we are awakening from the coma ???