Zacks Upgrades Center Bancorp to Neutral (CNBC)
Center Bancorp (NASDAQ:CNBC) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a note issued to investors on Tuesday. The firm currently has a $19.70 target price on the stock. Zacks‘s price target points to a potential upside of 2.44% from the stock’s previous close.
Center Bancorp (NASDAQ:CNBC) remained flat at $19.23 during during mid-day trading trading on Tuesday. Center Bancorp has a one year low of $12.72 and a one year high of $21.27. The stock has a 50-day moving average of $18.59 and a 200-day moving average of $18.48. The company has a market cap of $315.4 million and a price-to-earnings ratio of 16.30.
Center Bancorp (NASDAQ:CNBC) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by $0.02. On average, analysts predict that Center Bancorp will post $1.24 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 1st. Investors of record on Friday, July 11th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Wednesday, July 9th.
Center Bancorp, Inc is a holding company of Union Center National Bank (NASDAQ:CNBC).
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