Short Interest in NewBridge Bancorp Drops By 30.7% (NBBC)
NewBridge Bancorp (NASDAQ:NBBC) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totalling 649,244 shares, a drop of 30.7% from the April 15th total of 936,793 shares, StockRatingsNetwork reports. Approximately 2.7% of the shares of the company are short sold. Based on an average trading volume of 69,742 shares, the short-interest ratio is currently 9.3 days.
Separately, analysts at Keefe, Bruyette & Woods upgraded shares of NewBridge Bancorp from a “market perform” rating to an “outperform” rating in a research note on Friday, April 11th. They now have a $8.50 price target on the stock, up previously from $8.00. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $8.17.
Shares of NewBridge Bancorp (NASDAQ:NBBC) opened at 7.66 on Tuesday. NewBridge Bancorp has a one year low of $5.55 and a one year high of $9.17. The stock has a 50-day moving average of $7.41 and a 200-day moving average of $7.21. The company has a market cap of $281.9 million and a P/E ratio of 11.93.
NewBridge Bancorp (NASDAQ:NBBC) last announced its earnings results on Thursday, April 24th. The company reported $0.11 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.11. On average, analysts predict that NewBridge Bancorp will post $0.44 earnings per share for the current fiscal year.
NewBridge Bancorp (NASDAQ:NBBC), incorporated on Nov 12, 2007, is a bank holding company.
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