Citizens South Banking Stock Soars (CSBC)

NEW YORK ( TheStreet) -- Shares of Citizens South Banking Corporation (Nasdaq: CSBC) have taken a tremendous swing upward. The stock is trading at $6.11 as of 9:30 a.m. ET, 22.2% above Friday's closing price of $5. Volume is at 1,525, 0.1 times the daily average of 18,200.

Citizens South Banking has a market cap of $57.5 million and is part of the financial sector and banking industry. Shares are up 42.9% year to date as of the close of trading on Friday.

Citizens South Banking Corporation operates as the holding company for Citizens South Bank that provides various commercial banking services to local customers in the United States. The company offers a range of retail products, commercial banking services, and mortgage lending services.

TheStreet Ratings rates Citizens South Banking as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share and unimpressive growth in net income. You can view the full Citizens South Banking Ratings Report.

See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center.
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