ESXB is currently selling 8% below TBV...nice...it remains on-sale!
The national average of Price to Tangible Book Value for banks like ESXB with $1.15 Billion in assets that are in solid financial condition is 1.42. For ALL banks operating in the state of Virginia the average P/TBV is 1.08. This tells investors that this bank could easily be selling at market between $5.09 on the low end and $6.70 on the high end. Either way this bank has very good headroom for investors to look forward too. If this bank were to be acquired I would expect it to be bought at a premium to TBV.