HMPR - Hampton Roads Bankshares, Inc. (NASDAQ Stock)

[thegreatgate]

52-week range:

• $2.65-$12.95

Today's close:

• $3.04

For starters:

• HMPR has an 11 cent dividend which yields 14.47% a year at today's share prices.

Secondly:

• Chart at bottom (imo). I got in at $3.04, didn't notice the divy or the fine details of the chart. After seeing them, I will add tomorrow...

6-Month Daily Chart:


About HMPR:
Hampton Roads Bankshares, Inc. primarily serves as a holding company for the Bank of Hampton Roads (the Bank). The Bank engages in a general community and commercial banking business, emphasizing the needs of individuals, as well as small and medium-sized businesses in its primary service area which include South Hampton Roads, Virginia, the Northeastern, Southeastern and Research Triangle regions of North Carolina, the Eastern Shore of Virginia and Maryland, and Richmond, Virginia. The Bank operates 18 banking offices in the Hampton Roads region of southeastern Virginia, including nine offices in the city of Chesapeake, four offices in each of the cities of Norfolk and Virginia Beach, and one office in the city of Suffolk. On June 1, 2008, the Company acquired Shore Financial Corporation (SFC). On December 31, 2008, Hampton Roads Bankshares Inc. acquired all of the outstanding shares of Gateway Financial Holdings (GFH).

[thegreatgate]

I stand corrected, the dividend was halted:

Aug 3, 2009, 7:22 a.m. EST
Hampton Roads swings to loss, halts dividend

LONDON (MarketWatch) -- Hampton Roads Bankshares (HMPR) swung to a $43.2 million, or $2.13 a share, loss and halted its quarterly dividend. The Norfolk, Va. bank said provisions for loan losses rose to $33.7 million from $274,000, and there also was a $28 million goodwill impairment charge. The move to suspend dividends will save the bank about $8 million a year. Hampton Roads Bankshares, which earned $1.67 million in the year-earlier quarter, said it had paid a common dividend at least annually since 1992. The company also said it will sell up to 32.5 million shares.

[thegreatgate]

Added bonus: Book value per common share of HMPR is $7.54

Another bonus: My previous post states "The company also said it will sell up to 32.5 million shares"

Well, they came out with a press release that stated they are not going to dilute shares. Reminds me of a similar stock I was in (LEE). A little different though, LEE was in a situation where they were contemplating doing a reverse split and then came out with a PR stating otherwise. The stock quadrupled within 2 months of the PR.

Hampton Roads Bankshares Announces Withdrawal of Common Stock Offering
NORFOLK, Va., Aug. 19, 2009 (GLOBE NEWSWIRE) -- Hampton Roads Bankshares, Inc. (Nasdaq:HMPR - News; the "Company"), the financial holding company for Bank of Hampton Roads and Shore Bank (the "Banks"), today announced that it had withdrawn a proposed public offering of up to 32,500,000 shares of its common stock.
Hampton Roads Bankshares Announces Withdrawal of Common Stock Offering - Yahoo! Finance

[greencat]

HMPR Chart

[G Dog]

This stock's chart is absolute SCREAMING LOOK AT ME!

[thegreatgate]

Bump

I got in and out of this stock for a few pennies a while back but rechecked the chart this morning and looks like a good candidate for a double bottom.

[lovemoney]

Popped it's head today. Looking like it may be ready to pick up.

[lovemoney]

The little guy came up for air again today. Getting close.

[lovemoney]

Got a white hammer Fri. Market permitting, this may be a bottom (hopefully) and be ready to make a move up. Possible loose pincher play. Watching.

Chart: http://stockcharts.com/h-sc/ui?s=HMP...d=p45039149643

[lovemoney]

It's broke out of the down trend line. Looks like it wants to consolidate some at this level of resistance. If it holds it could set up to move up to around 3.50 hopefully. Watching.