Beacon Federal Stock Soars (BFED)

NEW YORK ( TheStreet) -- Shares of Beacon Federal Bancorp (Nasdaq: BFED) have taken a tremendous swing upward. The stock is trading at $18.83 as of 9:30 a.m. ET, 41.6% above Thursday's closing price of $13.30. Volume is at 11,520, one times the daily average of 11,300.

Beacon Federal has a market cap of $84.7 million and is part of the financial sector and banking industry. Shares are down 1.4% year to date as of the close of trading on Thursday.

Beacon Federal Bancorp, Inc. operates as the bank holding company for Beacon Federal that provides various banking services. The company has a P/E ratio of 15.4, above the average banking industry P/E ratio of 15.2 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Beacon Federal as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and disappointing return on equity. You can view the full Beacon Federal Ratings Report.

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