There is a need to split this stock. The present share price makes it less attractive to the small investor. A three-for-two would make a lot of sense. A two-for-one is less likely, but not out of the question. I believe we will see split action soon if the market continues to rise, which most analysts are predicting. I feel that an attempt will be made to keep this share price comparable to other super regional banks of similar size. If others start to adjust their prices to the $40 range, I think BBK will see the need to do the same.
I have been hearing news about the stock splitting since it hit the low 40's. Myself, I believe that as long as the price is kept above the other stocks in it's peer group, it may serve as a perceived takeover deterrant to potential out of market buyers. In today's simmering takeover/sellout environment for regionals, and sub-regionals, a robust per share value is helpful for both offense and defense. Earnings point to the 75+ range.