NewBridge Bancorp Director Michael S. Albert Acquires 2,000 Shares (NBBC)
NewBridge Bancorp (NASDAQ:NBBC) Director Michael S. Albert acquired 2,000 shares of NewBridge Bancorp stock on the open market in a transaction that occurred on Friday, August 29th. The stock was purchased at an average cost of $7.45 per share, for a total transaction of $14,900.00. Following the completion of the purchase, the director now directly owns 29,373 shares of the company’s stock, valued at approximately $218,829. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Compass Point initiated coverage on shares of NewBridge Bancorp in a research note on Wednesday, August 27th. 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% during mid-day trading on Monday, hitting $7.47. The stock had a trading volume of 35,079 shares. NewBridge Bancorp has a 1-year low of $6.40 and a 1-year high of $8.69. The stock has a 50-day moving average of $7.49 and a 200-day moving average of $7.49. The company has a market cap of $277.7 million and a price-to-earnings ratio of 27.74.
NewBridge Bancorp (NASDAQ:NBBC) last released its earnings data 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 $0.44 earnings per share for the current fiscal year.
NewBridge Bancorp (NASDAQ:NBBC) is a bank holding company.
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