Cape Bancorp Upgraded by Zacks to “Outperform” (CBNJ)
Cape Bancorp (NASDAQ:CBNJ) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Tuesday. The firm currently has a $11.50 price target on the stock. Zacks‘s price objective suggests a potential upside of 7.88% from the stock’s previous close.
Shares of Cape Bancorp (NASDAQ:CBNJ) traded down 0.65% during mid-day trading on Tuesday, hitting $10.66. The stock had a trading volume of 4,663 shares. Cape Bancorp has a 52-week low of $8.95 and a 52-week high of $11.26. The stock has a 50-day moving average of $10.56 and a 200-day moving average of $10.53. The company has a market cap of $118.9 million and a P/E ratio of 20.71.
Cape Bancorp (NASDAQ:CBNJ) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.04. Analysts expect that Cape Bancorp will post $0.69 EPS for the current fiscal year.
Cape Bancorp, Inc (NASDAQ:CBNJ) is the bank holding company of Cape Bank (the Bank).
To view Zacks’ full report, visit Zacks’ official website.
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