This company just got downgraded and yet it is still going up. That's why I bought today. Great company, great dividend. When interest rates start moving up we can expect a lot of capital appreciation. Until then enjoy the dividend.
Thanks for the referral post. I am still bullish on the stock. The investor just has to be patient. The dividend is safe and sustainable. The catalyst is the wholesale borrowing repricing in 2014-2016. When rates start to rise and the repricing is completed, the earnings will jump. In the meantime, they will continue to add solid loans with their conservative underwriting to leverage the balance sheet to reduce the impact of tighter margins.