Zacks Upgrades Cape Bancorp to “Outperform” (CBNJ)
Cape Bancorp (NASDAQ:CBNJ) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Monday, American Banking News reports. The firm currently has a $10.40 price target on the stock. Zacks‘ price objective points to a potential upside of 14.04% from the company’s current price.
Cape Bancorp (NASDAQ:CBNJ) traded down 0.55% on Monday, hitting $9.12. 13,359 shares of the company’s stock traded hands. Cape Bancorp has a 52 week low of $8.16 and a 52 week high of $9.98. The stock’s 50-day moving average is $9.13 and its 200-day moving average is $9.24. The company has a market cap of $112.1 million and a price-to-earnings ratio of 22.42.
Cape Bancorp, Inc (NASDAQ:CBNJ) is the bank holding company of Cape Bank (the Bank).
To view Zacks’ full report, visit www.zacks.com
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