Zacks upgraded shares of Crescent Financial (NASDAQ: CRFN) from a neutral rating to an outperform rating in a research note issued to investors on Monday. The firm currently has $4.60 target price on the stock.

Shares of Crescent Financial opened at 4.32 on Monday. Crescent Financial has a one year low of $3.28 and a one year high of $6.28. The stock’s 50-day moving average is currently $4.35. The company has a market cap of $154.4 million and a P/E ratio of 54.00.

Crescent Financial Corporation is a bank holding company for Crescent State Bank (the Bank). The Bank operates for the primary purpose of serving the banking needs of individuals, and small- to medium-sized businesses in its market area.

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