I think TFIN is under the radar due to the bank's asset size, the large ESOP percentage, the generally perceived "rural" locations (good long term growth areas), and the general slowdown of regional bank mergers in the smaller markets and smaller players. The local big players like UMB, Commerce, Intrust, etc. don't seem to buying now. I assume that this is due to high premiums to book that many banks have, as well my general perception of many Buyer's track records in keeping former key employees after closing. From their Buyer perspective brick and mortar and a clean slate may be cheaper than buying as per many banks' initial strategies of simply buying an "institution".
I do believe that longterm that TFIN has a good franchise and hope that management can grow the stock value internally through improved sales and controls, but only time can tell.
This "ship" isn't going anywhere fast so don't load the boat. Midwest bank/thrift stock prices have stagnated since first of the year. These guys also seem to have asset quality issues and a lot of goodwill. Locations are in second and third-tier towns. Everyone is wanting the metropolitan areas. Not a good vaue so buyout is unlikely.
Bank should be doing better. Stock may be overpriced.