this is not a volatile stock. 5% move is pretty significant considering this stock only swing in the 2% interval. why day trade stock like this one? if the drop is not caused by day trading then what is it?
Had to got to the company site to see the 8K info. I didn't see any major issues. 3rd quarter was a little lower than 2nd, but still better than last year. That's a common issue this earnings period. With all the talk about GAAP versus non-GAAP, it's hard to tell what part of their revenue and earnings growth, or lack of it, is organic versus M&A. With record prepayment penalty income, it's obvious future loan interest income will be affected. Good to see YTD GAAP earnings at 82 cents. Bottom line (IMHO) - the bank continues to look strong and the dividend safe (for now).
People are funny and never to be understood. Selling on good news and a great dividend just
doesn't make sense. On the other hand creates a great opportunity to add more shares.
Added 1000 shares this morning,and looking forward to a 6+% for years to come.