CommunityOne Bancorp (COB), the company which offers personal and commercial banking services could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on COB’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames, suggesting that CommunityOne could be a solid choice for investors.
Current Quarter Estimates for COB
In the past 30 days, 1 estimate has gone higher for CommunityOne while there is no downward estimates revision in the same time period. The trend has been pretty favorable too, with estimates increasing from 12 cents a share 30 days ago, to 15 cents today, a move of 25%.
Current Year Estimates for COB
Meanwhile, CommunityOne’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month. The consensus estimate trend has also seen a boost for this time frame, increasing from 42 cents a share 30 days ago to 48 cents per share today, an increase of 14.3%.
Bottom Line
The stock has also started to move higher lately, adding 6.4% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future.
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