Just recently bought shares at $9.50. I've been a small bank investor for decades and like the expanding net interest yield and the price to book value. Catalysts for appreciation include easy earnings comps, adoption of a dividend, and highly acquisitive neighboring banks. The glass is half full.
I am just beginning to research this stock and something doesn't smell right. You have to love the growth in revenue though it seems that SG&A absorb any increase in operating margin in recent filings. Interest expense is up even as debt falls. Family on the BOD. Is this company being looted by management? Is the accountant legitimate? Bharat Parikh & Associates' (based in Illinois) website doesn't give much confidence. Still intriguing. Any thoughts from people who know the company operationally?