Insider Buying: NewBridge Bancorp Director Acquires 2,000 Shares of Stock (NBBC)
NewBridge Bancorp (NASDAQ:NBBC) Director Michael S. Albert bought 2,000 shares of the stock in a transaction dated Friday, August 29th. The stock was purchased at an average price of $7.45 per share, with a total value of $14,900.00. Following the completion of the acquisition, the director now directly owns 29,373 shares in the company, valued at approximately $218,829. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
NBBC has been the subject of a number of recent research reports. Analysts at Compass Point initiated coverage on shares of NewBridge Bancorp in a research note on Wednesday. They set a “buy” rating and a $9.00 price target on the stock. Separately, 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. Finally, 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.
Shares of NewBridge Bancorp (NASDAQ:NBBC) traded up 1.63% on Friday, hitting $7.47. The stock had a trading volume of 24,430 shares. NewBridge Bancorp has a one year low of $6.40 and a one year high of $8.69. The stock has a 50-day moving average of $7.5 and a 200-day moving average of $7.48. The company has a market cap of $277.7 million and a P/E ratio of 27.74.
NewBridge Bancorp (NASDAQ:NBBC) last announced its earnings results on Monday, July 28th. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.06 by $0.11. Analysts expect that NewBridge Bancorp will post $0.44 EPS for the current fiscal year.
NewBridge Bancorp (NASDAQ:NBBC) is a bank holding company.
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