3 Stocks To Own As Regional Banks Rebound

“Additionally, it’s prudent to continue to enhance the level of our allowance for credit losses until the future economic impact of the pandemic is more readily determinable. In spite of these headwinds, we were, nevertheless, able to generate very strong 12% year-over-year quarterly earnings improvement by focusing on the growth of multiple sources of non-interest income and solid control of nearly every category of operating expenses.”

GABC is trading at $35.50, slightly below its 52-week high of $36.17 and comfortably higher than its 52-week low of $23.54. It carries a POWR Rating of “A” and its rating components include an “A” Trade Grade, “A” Buy & Hold Grade, “B” Peer Grade and “B” Industry Rank. It is ranked #7 out of 57 stocks in the Midwest Regional Banks category.

HIBS shares were trading at $1.35 per share on Thursday morning, down $0.09 (-5.94%). Year-to-date, HIBS has declined -19.16%, versus a 1.36% rise in the benchmark S&P 500 index during the same period.


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