First Bancorp ( FBP ) was a big mover last session, as its shares rose almost 6% on the day. The rise came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend for the company since May 15, as the stock is now trading above the volatile price range of $4.89 to $5.20.
In the last 30-day frame, the company did not witness any estimate revision while the Zacks Consensus Estimate moved lower, suggesting trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday's move higher lasts.
First Bancorp currently has a Zacks Rank #3 (Hold) while its Earnings ESP
Other better-ranked regional banks include Capital City Bank Group Inc.
), Customers Bancorp, Inc.
) and Middleburg Financial Corporation
). All three sport a Zacks Rank #1 (Strong Buy).
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportFIRST BNCRP P R (FBP): Free Stock Analysis ReportCAPITAL CITY BK (CCBG): Free Stock Analysis ReportCUSTOMERS BANCP (CUBI): Free Stock Analysis ReportMIDDLEBURG FINL (MBRG): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research