Encore Stock Soars (EBTX)

NEW YORK ( TheStreet) -- Shares of Encore (Nasdaq: EBTX) have taken a tremendous swing upward. The stock is trading at $20.29 as of 9:50 a.m. ET, 36.1% above Monday's closing price of $14.91. Volume is at 21,672, 1.5 times the daily average of 14,400.

Encore has a market cap of $153.3 million and is part of the financial sector and banking industry. Shares are up 10.3% year to date as of the close of trading on Monday.

Encore Bancshares, Inc. operates as a holding company for the Encore Bank, which provides banking, investment management, financial planning, and insurance services to privately owned businesses, professional firms, investors, and individuals. The company has a P/E ratio of 136.2, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Encore as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we find that revenues have generally been declining. You can view the full Encore Ratings Report.

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