Sterne Agee lowered shares of Center Bancorp (NASDAQ:CNBC) from a buy rating to a neutral rating in a research report released on Monday morning, TheFlyOnTheWall.com reports. Sterne Agee currently has $17.00 price objective on the stock. The analysts noted that the move was a valuation call.
Several other analysts have also recently commented on the stock. Analysts at Thomson Reuters/Verus upgraded shares of Center Bancorp from a hold rating to a buy rating in a research note to investors on Monday, November 25th. Finally, analysts at Zacks upgraded shares of Center Bancorp from a neutral rating to an outperform rating in a research note to investors on Thursday, October 31st. They now have a $16.10 price target on the stock.
Center Bancorp (NASDAQ:CNBC) traded up 0.63% during mid-day trading on Monday, hitting $17.65. The stock had a trading volume of 20,817 shares. Center Bancorp has a 52-week low of $10.86 and a 52-week high of $18.33. The stock’s 50-day moving average is $15.70 and its 200-day moving average is $14.45. The company has a market cap of $288.9 million and a P/E ratio of 14.88.
Center Bancorp (NASDAQ:CNBC) last announced its earnings results on Thursday, October 24th. The company reported $0.31 earnings per share (EPS) for the quarter. Analysts expect that Center Bancorp will post $1.21 EPS for the current fiscal year.
Center Bancorp, Inc is a holding company of Union Center National Bank (NASDAQ:CNBC).
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