NewBridge Bancorp Lowered to Market Perform at Raymond James (NBBC)
NewBridge Bancorp (NASDAQ:NBBC) was downgraded by research analysts at Raymond James from an “outperform” rating to a “market perform” rating in a report released on Thursday, TheFlyOnTheWall.com reports.
Shares of NewBridge Bancorp (NASDAQ:NBBC) traded down 3.50% during mid-day trading on Thursday, hitting $8.27. The stock had a trading volume of 27,162 shares. NewBridge Bancorp has a one year low of $5.85 and a one year high of $9.17. The stock has a 50-day moving average of $7.8 and a 200-day moving average of $7.36. The company has a market cap of $304.4 million and a price-to-earnings ratio of 13.58.
NewBridge Bancorp (NASDAQ:NBBC) last announced its earnings results on Thursday, April 24th. The company reported $0.11 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.11. Analysts expect that NewBridge Bancorp will post $0.41 EPS for the current fiscal year.
A number of other firms have also recently commented on NBBC. Analysts at Keefe, Bruyette & Woods downgraded shares of NewBridge Bancorp from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 18th. They now have a $8.50 price target on the stock. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $8.25.
NewBridge Bancorp (NASDAQ:NBBC) is a bank holding company.
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