I'm curious - aren't most buying this stock for the dividend? I bought enough to offset my property taxes ($7,500/yr) and don't intend on selling it so I could care less what happens to stock price as long as they continue with the $1 dividend. I bought this stock (vs. REIT or ETF) because of the long term stability both with the company and dividend (I think they paid out 0.25/quarter for the last 20 quarters). seems like a well run company
Rates accross the board look to be going higher...this is at the basis I believe of the very strong Bank Shares rally here domestically here in the U.S. I think rates will back up between 75-100 basis points from here in the 10, 20 1nd 30 year paper over the next 6-12 months...hold and then even migrate a bit higher.
My estimate for prices of these selected banks by the end of 2012 are: