Green Bancorp, Inc. was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $21.55 to $22.50 in the past one month time frame.
The stock gained after the company announced that it has inked a definitive agreement with Veritex Holdings for the merger of Green and Green Bank, N.A. with and into Veritex and Veritex Community Bank, respectively. The company also reported solid second-quarter 2018 results, which partly driven the rally.
The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Green Bancorp currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the Banks - Southeast industry may consider Capstar Financial Holdings Inc. (CSTR - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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