AUB - Why Shares of HomeStreet Cambridge Bancorp and Atlantic Union Bankshares Are Sinking This Week
2023-04-27 13:10:05 ET
Several bank stocks plunged this week after reporting first-quarter earnings results. 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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Why Shares of HomeStreet, Cambridge Bancorp, and Atlantic Union Bankshares Are Sinking This Week