Bridge Capital Holdings (BBNK) was a big mover last session with its shares rising over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend of the company, as the stock is now trading above the volatile price range of $19.48 to $21.22 in the past one-month time frame.
This provider of banking services has seen one negative estimate revision in the last 7 days. The Zacks Consensus Estimate has also moved lower over the same period. This implies there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if Friday’s move higher can last.
Bridge Capital currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the banking sector are Sierra Bancorp (BSRR), First Republic Bank (FRC) and Bank of Hawaii Corporation (BOH). While Sierra Bancorp sports a Zacks Rank #1 (Strong Buy), First Republic and Bank of Hawaii carry a Zacks Rank #2 (Buy).
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