Up and Down: Eagle Bancorp, Trex, Farmer Mac, SLM
The Post-Bloomberg regional index gained 0.5 percent last week as the S&P 500 rose 0.8 percent.
*Last week's biggest gainer was Eagle Bancorp (EGBN) of Bethesda, which last week announced a 10 percent stock dividend. Shares closed up 24 percent for the week, at $10.33, more than 47 percent above their 52-week low of $7.01, reached July 16. Three other banks joined Eagle Bancorp on our list of one-week gainers: Shares of Virginia Commerce Bancorp (VCBI) gained 10 percent, to $5.62; shares of Provident Bankshares (PBKS) gained 9 percent, to $9.46; and shares of Abigail Adams National Bancorp (AANB) rose 9 percent, to $6.44.
*Shares of USA Mobility (USMO) of Alexandria climbed 12 percent last week, to $13.48. Shares haven't closed over $13 since January. The firm also makes the list of three-month gainers, with shares climbing 72 percent in that period.
*Trex (TWP) is also on the list of top one-week gainers - and top three-month and top year. Shares of the Winchester company gained 10 percent last week, closing at $21.08 - and that was slightly down from a 52-week high of $21.73 hit Wednesday. They're up 70 percent in the past three months and 68 percent in the past 52 weeks.
*Last week's biggest loser was Farmer Mac (AGM), whose shares lost 40 percent to close at $16.56 on Friday, just up from their 52-week low of $16.25 hit earlier that day. Much of the loss came Friday, when shares fell 33 percent. Farmer Mac's stock is down about 45 percent in the past year, not enough for it to make it on to our list of 52-week losers. The main reason behind the losses is the terms of Fannie Mae's and Freddie Mac's conservatorship: The company will be taking charges due to its exposure to Fannie preferred shares that it expects to lead it to report a third-quarter loss. Those shares, Farmer Mac says, are now worth about $3.2 million, down from $47.2 million as of June 30.
*Shares of Central Virginia Bankshares (CVBK) were also damaged last week by the company's holdings of Fannie Mae and Freddie Mac, falling 37 percent, to $8.60. They're down 48 percent in the past three months. The Powhatan firm said Thursday that it held Fannie and Freddie perpetual preferred stock worth $17.9 million, having lost $16.6 million in value.
*SLM (SLM) shares fell 15 percent, to $14.50, last week - 37 percent lower than three months ago and 70 percent lower than a year ago. Reuters reported Thursday that CEO Albert Lord said at an investors conference that the Reston company is looking for new funding methods.
*McLean-based Sunrise Senior Living (SRZ) hit a new 52-week low of $15.50 on Friday before gaining some of that back and closing at $17.17, down 15 percent for the week. The company said Wednesday that it swung to a second-quarter loss. Shares are down 34 percent in the past three months.
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