VantageSouth Bancshares Rating Increased to Outperform at Zacks (VSB)
VantageSouth Bancshares (NYSE:VSB) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Wednesday, Stock Ratings Network reports. The firm currently has a $6.10 price objective on the stock. Zacks‘ target price points to a potential upside of 6.46% from the company’s current price.
Shares of VantageSouth Bancshares (NYSE:VSB) traded up 0.17% during mid-day trading on Wednesday, hitting $5.74. The stock had a trading volume of 7,361 shares. VantageSouth Bancshares has a 52-week low of $3.77 and a 52-week high of $5.98. The stock has a 50-day moving average of $5.29 and a 200-day moving average of $5.25. The company has a market cap of $264.2 million and a P/E ratio of 53.55.
VantageSouth Bancshares (NYSE:VSB) last released its earnings data on Wednesday, January 29th. The company reported $0.07 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.07. On average, analysts predict that VantageSouth Bancshares will post $0.12 earnings per share for the current fiscal year.
In other VantageSouth Bancshares news, Director J Adam Abram bought 97,276 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average price of $5.14 per share, with a total value of $499,998.64. Following the acquisition, the director now directly owns 107,976 shares in the company, valued at approximately $554,997. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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