North Valley Bancorp (NOVB) was a big mover last session, as the company saw its shares escalate nearly 29% yesterday. The move came on solid volume too with far more shares changing hands than in a normal session. The stock shot up yesterday after trading in a near flat range of $18.72–$19.23 in the past one-month time frame. The sudden jump probably came on the back of the merger announcement with TriCo Bancshares (TCBK).
In the last 30 days, this company did not witness any estimate revisions and the Zacks Consensus Estimate has remained unchanged. However, yesterday’s price action is encouraging, so make sure to keep a close watch on this firm in the near future.
North Valley Bancorp currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Better-ranked West banks include First Republic Bank (FRC) and Columbia Banking System Inc. (COLB), both carrying a Zacks Ranks #2 (Buy).
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 report >>
NORTH VALLEY BANCORP (NOVB): Free Stock Analysis Report
FIRST REPUBLIC BANK (FRC): Free Stock Analysis Report
TRICO BANCSHARES (TCBK): Free Stock Analysis Report
COLUMBIA BANKING SYSTEMS INC (COLB): Free Stock Analysis Report
Zacks Investment Research