One company that should be on your radar is VantageSouth Bancshares, Inc. (VSB). The stock of this Regional – Mid-Atlantic Banks space has seen its Zacks Rank surge over the past four weeks, moving from Neutral territory to its current position as a Strong Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For VSB’s full year estimate, we have seen 1 estimate go higher in the past 30 days, compared to no lower revision. This trend has helped the consensus estimate to trend higher, going from 32 cents a share a month ago to its current level at 66 cents.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, VSB has seen some pretty solid trading lately, as the company has moved higher by 14.4% in the past month.
If VantageSouth can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put VSB on your watch list for the future.
Other top-ranked stocks worth considering in this space include The Bancorp Inc. (TBBK), Bridge Bancorp, Inc. (BDGE), and CNB Financial Corp. (CCNE). All these carry a Zacks Rank #1 (Strong Buy).
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