Pretty sad you're still talking to yourself here, as you have done for many years. Equally as sad is that you give yourself a thumb-up under another a different name/handle.
But those banks are reporting good numbers, shall we go over HBKS's latest earnings report?
So assume insiders own 30%, HBKS would only need approx 52.8% of the remaining shares/votes for passage. Sounds very realistic to me. I picture longtime elderly folks who have always routinely gone into the bank - have probably struck quite a relationship with leadership. I say HBKS will get a lot of their votes.
Shares of common stock outstanding declined by 1.8% from the prior quarter...
Sentiment: Strong Buy
- (Company Record) - Net income for the three and nine months ended September 30, 2015 represented company records for the respective periods.
- (Company Record) - Total deposits at September 30, 2015 increased to a company record $458.66 million, continuing the company's consistent deposit growth, and were up from $399.50 million at December 31, 2014 and $398.83 million a year earlier.
- (Company Record) - Total loans (including loans held for sale), net of allowance for loan losses, rose to a record $430.67 million at September 30, 2015, reflecting contributions from commercial lending, construction lending and consumer lines of credit.
- Company's book value per share rose to $11.02 at September 30, 2015 from $9.94 at September 30, 2014 and $10.31 at December 31, 2014.
- Bank of the James Financial Group, Inc. was selected as a member of the prestigious Sandler O'Neill + Partners' 2015 "Sm-All Star" class recognizing the nation's 34 top-performing banks and thrifts from among the 435 publicly traded institutions having a market capitalization of less than $2.5 billion. The selection criteria placed the company among the top 8% of institutions in this category. Bank of the James was recently named as one of the nation's top 200 performing community banks by American Banker.
- "The productivity of our investments and hiring to expand the bank's presence into the Charlottesville and Harrisonburg markets has exceeded expectations.
- The company grew its balance sheet while maintaining strong asset quality metrics. At September 30, 2015, the ratio of nonperforming loans to total loans was 0.37%.
Sentiment: Strong Buy
Most recent Q, Dividend dropped from .35 to .23 (down 34%).
Stock price on 6/3/15 was 14.28, closed at 9.44 on 10/2/15 (down 33%).....coincidence?
It comes down to earnings.