Our PM likes it. Tangible Common Equity is around 5.60 per share so the stock is trading at 1.3x TBV Total regulatory capital is 666mln and the total risk-based capital ratio is 14.5% These are very good numbers and the stock should move higher See our profile - our site broadcasts our hedge fund everyday.
Are you sure the stock isn't just being short term manipulated? With negative earnings, does it make sense a big fund is buying with the likes of HBAN or C? The bank is doing better, but enough to gap and trade like this?
How long will this valuation hold? Did any of the longs buy $7.50 puts for insurance?