I have watched this stock for three or four years and have never seen it have the volume it has had recently. I know the stock is primarily owned 80% by G.K. and about 10% owned by institutions and a few other individuals. Is this just top management exercising options or is a potential acquirer buying these shares? This doesn't seem to be a good time (with the current value) to merge with another bank. Or is it? Who would the possible suitor be (FTU, Wells..etc)? With interest rate probably going down the entire financial sector should do well. If anyone is out there, please respond.
I think interest rates have simply gone down too far to help the banks make money. Lower rates....less of a pie for the banks to take their cut from.
If we see the economy strengthen, and interest rates rise to historic norms, I think the banks will find that sweet spot that again maximizes margins.
I also like the prospects for an increase in energy lending where i think the ZBank of OK and the Bank of Texas have strengths....not to mention that strong energy prices will eventually help Tx and OK economies to lead, whereas those of the heavily energy importing states may lag.
I also have watched this stock for several years and I'm just as confused as you. The only thing that I do know is that smaller regional banks are being recommended over the big mega banks in terms of growth potential, so maybe we are just seeing the results of the crowd moving in.