The nearest to a buy and hold that I hold
Despite the facts that:
not only is HBL a greater percentage of my NZX portfolio than my rules ideally permit;
but also that I regard even $1.70 as a [small] premium to current value (but less than EOFY value].
I will be opening my wallet to take up my full rights (and have no intention of quitting the DRiP).
As for comparing PE ratios of banks or indeed any company.
Value each one on it's own merits to discover whether to you each represents good/fair/poor buying at their current price.
Best Wishes
Paper Tiger