That growth has been achieved by using internally generated funds to expand, rather than pay dividends or buy back shares. So, this stock will appeal more to growth investors than to income investors.
As a community/regional banker, it lacks a diversified geographical base, so its fortunes will rise and fall with economic conditions in the Washington D.C. area.
Its ISS Governance score also prompts some concern; its rating is poor, and these governance issues might affect the long-term strength of the company.
Despite all this, the company does appear to be well managed, with a seasoned management team, a diverse board with good connections to the business community, and a focused mandate for growth.
And, its most recent earnings reports, for the first and second quarters of 2014, the company twice again announced record earnings. ![]()
