Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Two days after plummeting, shares of Hampton Roads Bankshares
So what: Hampton reported a $50 million decline in non-performing assets during the fourth quarter, cutting the company's net loss to $34.7 million from a whopping $153.6 in last year's Q4.
Now what: Analysts had no skin in the game this quarter, but it's probably still fair to say that Hampton exceeded expectations. Tangible equity improved both year over year and sequentially, leading regulators to classify the bank as "well-capitalized" according to standards.
Whether that makes the stock a buy at present levels is beyond my understanding, since I'm not a bank analyst. Yet there's little doubt that the underlying business is headed in the right direction. Well done, sirs.
Fool contributor Tim Beyersis a member of the Motley Fool Rule Breakers stock-picking team. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim's portfolio holdingsand Foolish writings, or connect with him on Twitter as @milehighfool. You can also get his insights delivered directly to your RSS reader. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool is also on Twitter as @TheMotleyFool. Its disclosure policy is at least 10% better than other disclosure policies.