One company that should be on your radar is Signature Bank (SBNY). The provider of banking and financial services has seen its Zacks Rank surge over the past four weeks, moving from Neutral 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 SBNY’s full year estimate, we have seen 13 estimates go higher in the past 30 days, and there has been no downward revision over the same time frame. This trend has helped the consensus estimate to trend higher, going from $5.33 a share 30 days ago to its current level at $5.72.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, SBNY has seen some pretty solid trading lately, as the company has moved higher by 11.6% in the past month.
If Signature Bank 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 SBNY 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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SIGNATURE BANK (SBNY): Free Stock Analysis Report
THE BANCORP BANK (TBBK): Free Stock Analysis Report
BRIDGE BANCORP INC (BDGE): Free Stock Analysis Report
CNB FINAN CORP PA (CCNE): Free Stock Analysis Report
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