First Bancorp (FBP) was a big mover last session, as its shares rose over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company since Nov 19, as the stock is now up almost 20%.
Over the last 30 days, the company did not witness any estimate revision and the Zacks Consensus Estimate also remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
First Bancorp currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Other better-ranked southeast banks include Fidelity Southern Corporation (LION), HomeTrust Bancshares, Inc. (HTBI) and Investar Holding Corporation (ISTR). All three sport a Zacks Rank #1 (Strong Buy).
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