Here’s an interesting snippet about increased stock activity Monday at two regional banks from BizJournals.com:
At the Bellingham-based bank holding company for Horizon Bank, more than four times the normal trading volume was reported, with nearly 160,000 shares trading hands Monday, compared with average volume of only 37,500. Shares in Horizon Financial Corp. (NASDAQ: HRZB) shot up nearly 35 percent Monday, rising 24 cents to close at 93 cents.
At Banner Corp. of Walla Walla, the parent company of Banner Bank (NASDAQ: BANR), nearly 700,000 shares were traded Monday, compared with an average day of only 175,000. Shares in Banner rose more than 15 percent in Monday trading, rising 49 cents to close at $3.72.
So far this morning, both banks are also seeing high trade volumes, with both up significantly. As of 9:30 a.m., Horiozn was up over $1, while Banner Bank was closing in on $4. Any thoughts about what’s happening?