Hampton Roads Bankshares Inc (HMPR) : Traders are bullish on Hampton Roads Bankshares Inc (HMPR) as it has outperformed the S&P 500 by a wide margin of 10.19% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.74%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.67% in the last 1 week, and is up 13.89% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 9.63% and the 50-Day Moving Average is 13.61%. Hampton Roads Bankshares Inc. is up 16.48% in the last 3-month period. Year-to-Date the stock performance stands at 11.41%.
Hampton Roads Bankshares Inc (NASDAQ:HMPR): stock turned positive on Friday. Though the stock opened at $1.96, the bulls momentum made the stock top out at $2.12 level for the day. The stock recorded a low of $1.88 and closed the trading day at $2.05, in the green by 4.06%. The total traded volume for the day was 1,517,792. The stock had closed at $1.97 in the previous days trading.
Hampton Roads Bankshares, Inc. is a multi-bank holding company. The Companys primary subsidiaries are Bank of Hampton Roads (BOHR) and Shore Bank (Shore), collectively the Banks. The Banks engage in general community and commercial banking business targeting the needs of individuals and small- to medium-sized businesses (SMBs) in the Companys primary service areas. BOHR operates 17 full-service offices in southeastern Virginia and 10 full-service offices throughout Richmond, Virginia and the Northeastern and Research Triangle regions of North Carolina. Shore operates seven full-service offices in the Eastern Shore of Virginia and Maryland. Through various divisions, the Banks also offer mortgage banking and marine financing. In addition to its banking operations, the Company has two other segments: Mortgage, which provides mortgage banking services, and Corporate, which assists customers in securities brokerage activities.