I didn’t find any news. They reported over a month ago. Any insights?
Vince
Nope.
Totally opaque!
- They had not executed very much of their last buyback authorization, so it is possible they started to execute on that and it solidified the price some.
- People may be anticipating that with the rate cycle headed lower that banks will be showing better values on their mark to market portfolios.
No other ideas, for me.
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Nothing special going on. They’re moving up like a lot of other small banks now that the rate environment is moving lower. A little bit of demand against a low-volume stock and a cheapish valuation.
Jim
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