NewBridge Bancorp Coverage Initiated by Analysts at Compass Point (NBBC)
Analysts at Compass Point began coverage on shares of NewBridge Bancorp (NASDAQ:NBBC) in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $9.00 price target on the stock. Compass Point’s target price indicates a potential upside of 19.36% from the stock’s previous close.
Shares of NewBridge Bancorp (NASDAQ:NBBC) opened at 7.51 on Wednesday. NewBridge Bancorp has a 52 week low of $6.40 and a 52 week high of $8.69. The stock’s 50-day moving average is $7.52 and its 200-day moving average is $7.4. The company has a market cap of $279.2 million and a P/E ratio of 28.45.
NewBridge Bancorp (NASDAQ:NBBC) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.11. On average, analysts predict that NewBridge Bancorp will post $0.41 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James downgraded shares of NewBridge Bancorp from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 26th. They now have a $8.00 price target on the stock. 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. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. NewBridge Bancorp has a consensus rating of “Hold” and a consensus price target of $8.50.
NewBridge Bancorp (NASDAQ:NBBC) is a bank holding company.
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