Wall Street brokerages predict that Bank Of Princeton (NASDAQ:BPRN) will post sales of $13.88 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Bank Of Princeton’s earnings, with estimates ranging from $13.80 million to $13.95 million. Bank Of Princeton reported sales of $11.84 million during the same quarter last year, which suggests a positive year over year growth rate of 17.2%. The company is expected to issue its next earnings report on Thursday, October 22nd.
On average, analysts expect that Bank Of Princeton will report full-year sales of $53.73 million for the current financial year, with estimates ranging from $51.90 million to $56.00 million. For the next financial year, analysts forecast that the firm will post sales of $52.03 million, with estimates ranging from $47.89 million to $56.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Bank Of Princeton.
Bank Of Princeton (NASDAQ:BPRN) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.17. The firm had revenue of $12.88 million during the quarter, compared to analyst estimates of $11.69 million.
A number of research firms have commented on BPRN. ValuEngine lowered shares of Bank Of Princeton from a “hold” rating to a “sell” rating in a research note on Tuesday, August 18th. Zacks Investment Research downgraded Bank Of Princeton from a “buy” rating to a “hold” rating in a report on Monday, August 31st. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the stock. Bank Of Princeton currently has a consensus rating of “Hold” and an average target price of $20.67.
Shares of BPRN traded up $0.29 during mid-day trading on Thursday, hitting $20.19. 8,400 shares of the company were exchanged, compared to its average volume of 6,237. Bank Of Princeton has a 1-year low of $17.50 and a 1-year high of $32.25. The stock has a market cap of $136.48 million, a price-to-earnings ratio of 10.52 and a beta of 0.49. The company has a 50 day moving average of $18.94 and a 200-day moving average of $21.37.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Friday, August 14th were given a $0.10 dividend. The ex-dividend date was Thursday, August 13th. This represents a $0.40 dividend on an annualized basis and a yield of 1.98%. Bank Of Princeton’s payout ratio is 25.97%.
Several institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its holdings in shares of Bank Of Princeton by 21.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,400 shares of the company’s stock valued at $80,000 after purchasing an additional 600 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Bank Of Princeton by 89.4% during the 2nd quarter. Bank of America Corp DE now owns 2,190 shares of the company’s stock valued at $44,000 after purchasing an additional 1,034 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Bank Of Princeton by 9.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 14,640 shares of the company’s stock valued at $294,000 after purchasing an additional 1,223 shares in the last quarter. State Street Corp lifted its holdings in shares of Bank Of Princeton by 2.1% during the 1st quarter. State Street Corp now owns 87,779 shares of the company’s stock valued at $2,041,000 after purchasing an additional 1,806 shares in the last quarter. Finally, Systematic Financial Management LP lifted its holdings in shares of Bank Of Princeton by 0.6% during the 1st quarter. Systematic Financial Management LP now owns 284,734 shares of the company’s stock valued at $6,620,000 after purchasing an additional 1,830 shares in the last quarter. Institutional investors own 36.66% of the company’s stock.
About Bank Of Princeton
The Bank of Princeton provides various banking products and services. The company accepts checking, savings, attorney trust, and money market accounts, as well as certificates of deposit. Its loan products include commercial real estate and multi-family, commercial and industrial, construction, residential first-lien mortgage, home equity, and consumer loans, as well as lines of credit.
See Also: Diversification
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