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North Valley Bancorp (NOVB) Catches Eye: Stock Shoots Up 28.7%

Zacks Equity Research

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).

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NORTH VALLEY BANCORP (NOVB): Free Stock Analysis Report

FIRST REPUBLIC BANK (FRC): Free Stock Analysis Report

TRICO BANCSHARES (TCBK): Free Stock Analysis Report


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