First Bank (FRBA) Jumps: Stock Rises 9.2% - Tale of the Tape

By Zacks Equity Research,

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First Bank ( FRBA ) was a big mover last session, as the company saw its shares rise over 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $6.16 to $6.40 in the past one-month time frame.

The company has seen one positive revision in the past 30 days while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for First Bank. So make sure to keep an eye on this stock going forward to see if yesterday's jump can turn into more strength down the road.

First Bank currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Other Northeast banks that can be considered include Bridge Bancorp, Inc. ( BDGE ), CNB Financial Corp. ( CCNE ) and Eagle Bancorp, Inc. ( EGBN ). All of these sport a Zacks Rank #1 (Strong Buy).  

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks
Referenced Stocks: BDGE , CCNE , EGBN , FRBA

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