While financial writers and retail investors look at P/E's and P/B's, bankers look at market cap/assets. Take out value should be about 25% of assets ... look at Franklin and do the math! HBKS is way undervalued!!!!
Because banks like TOWN and FRNK have issued so many shares, dilution cuts the per share value significantly. In the meantime, HBKS was seriously buying back stock ... plus HBKS employees don't have ridiculous stock options like the other guys!!! It's looks like in history the HBKS CEO just pulled out his checkbook and paid retail for most of his stock.