Stock price when the opinion was issued
They changed CEOs a few years ago. The spike in interest rates unsettled their capital ratios, so shares slid in 2022, but they've been building their capital. Are in a steady eddy business, at a 5-6x PE and pays a 5.6% dividend. Has a book value of $47 (shares are below $32). Has recurring cash flow and a great brand. He expects them to raise the dividend and buy back shares.
(Analysts’ price target is $36.46)
(Top Pick Nov 9/16, Up 17%) She continues to buy it. The story is intact for rising interest rates and lower regulation. They are well positioned to do meaningfully better going forward.