Despite shares of Bank of America (NYSE:BAC) more than doubling in value in 2012, the stock still trades below its tangible book value per share -- a sign the bank may be undervalued. Although shares may have significant upside in the long term, many investors are not comfortable putting their money behind the Charlotte, NC megabank.

Because of its polarizing nature, the bank's stock is consistently one of the most actively traded stocks on the market. As more and more investors love the stock, more and more investors hate the stock -- and emotion enters the equation.

In this video, Motley Fool banking analysts David Hanson and Matt Koppenheffer, a B of A shareholder, discuss the best approach to take if one is interested in acquiring Bank of America shares.