Looking at the 2-year RF price chart, the last few days come into perspective. Based on overly optimistic earnings predictions for the sector and for RF specifically, the price got way ahead of itself. It's come back in line with a slow return consistent with a slowly recovering economy. If I were building a position in RF, I would likely add to my holdings at today's price. I already have a position, so I'm just holding.
Not sure Chick, Yahoo shows averages earnings growth next year (yeah, I know Yahoo can screw stuff up) at -37.5%, or earnings for next year around $0.60 (looking at high low estimates for next year seems $0.88 in the ball park, vs this year estimate of now $0.96, (was $0.84 for this year). Next 5 remain at 6.22% growth rate. That said, personally feel at this price, fairly valued toward the high end, but next year may only be able to trudge up to $10.10 - $10.25. Now, I don't really get into my projections and search for analysts estimates away from Yahoo until February - March after January's announcement, to really crunch my numbers, am happy where it sits now, and won't complain if it does sit between $9.35 - $9.50, or close to, at year end.
Me, will stand by my I would not be a seller or a buyer at current levels.