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Why Shares of HomeStreet, Cambridge Bancorp, and Atlantic Union Bankshares Are Sinking This Week

Bram Berkowitz, The Motley Fool
·3 min read
Why Shares of HomeStreet, Cambridge Bancorp, and Atlantic Union Bankshares Are Sinking This Week

Shares of HomeStreet (NASDAQ: HMST) traded more than 39% lower this week as of 12:44 p.m. ET Thursday, according to data provided by S&P Global Market Intelligence. Meanwhile, shares of Cambridge Bancorp (NASDAQ: CATC) traded roughly 17.2% lower, while shares of Atlantic Union Bankshares (NYSE: AUB) were down about 14.2%. Seattle-based HomeStreet, which has total assets just under $10 billion, reported diluted earnings per share of $0.27 on total revenue of $59.6 million in the first quarter, both numbers that missed analyst estimates.

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