Boenning Scattergood reissued their buy rating on shares of Bank Of Princeton (NASDAQ:BPRN) in a report issued on Tuesday, February 5th. Boenning Scattergood also issued estimates for Bank Of Princeton’s Q2 2019 earnings at $0.61 EPS, Q3 2019 earnings at $0.71 EPS, Q4 2019 earnings at $0.70 EPS, FY2019 earnings at $2.60 EPS, Q1 2020 earnings at $0.74 EPS, Q2 2020 earnings at $0.73 EPS, Q3 2020 earnings at $0.75 EPS, Q4 2020 earnings at $0.73 EPS, Q4 2020 earnings at $0.66 EPS and FY2020 earnings at $2.95 EPS.
“We are increasing our 2019 EPS to $2.60 (from $2.30), our 2020 estimate to $2.95 (from $2.55), and our price target to $36 (from $34).”,” the firm’s analyst commented.
A number of other research firms also recently issued reports on BPRN. Zacks Investment Research raised Bank Of Princeton from a sell rating to a hold rating in a research report on Monday, December 24th. ValuEngine cut Bank Of Princeton from a hold rating to a sell rating in a research note on Thursday, November 1st. Finally, B. Riley lowered their price target on shares of Bank Of Princeton from $36.00 to $32.00 and set a hold rating for the company in a report on Monday, November 5th.
BPRN traded up $0.03 during trading on Tuesday, reaching $32.56. 5,697 shares of the company were exchanged, compared to its average volume of 12,490. The company has a market cap of $214.42 million, a P/E ratio of 15.21 and a beta of 0.43. Bank Of Princeton has a 52 week low of $26.77 and a 52 week high of $35.45.
Bank Of Princeton (NASDAQ:BPRN) last announced its quarterly earnings data on Tuesday, January 29th. The company reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.01). The firm had revenue of $10.91 million during the quarter, compared to analyst estimates of $11.51 million. Equities analysts predict that Bank Of Princeton will post 2.47 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 28th. Stockholders of record on Friday, February 8th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, February 7th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.37%. Bank Of Princeton’s dividend payout ratio (DPR) is presently 5.61%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE increased its stake in Bank Of Princeton by 18.4% in the 4th quarter. Bank of America Corp DE now owns 3,783 shares of the company’s stock valued at $106,000 after buying an additional 588 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Bank Of Princeton by 199.9% during the third quarter. JPMorgan Chase & Co. now owns 4,538 shares of the company’s stock worth $139,000 after acquiring an additional 3,025 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Bank Of Princeton by 15.1% during the fourth quarter. Acadian Asset Management LLC now owns 7,649 shares of the company’s stock worth $214,000 after acquiring an additional 1,001 shares in the last quarter. Rhumbline Advisers purchased a new stake in shares of Bank Of Princeton during the fourth quarter worth $224,000. Finally, Schwab Charles Investment Management Inc. purchased a new stake in shares of Bank Of Princeton during the second quarter worth $366,000. 34.81% of the stock is currently owned by institutional investors and hedge funds.
Bank Of Princeton Company Profile
The Bank of Princeton provides various banking products and services in the United States. The company offers checking accounts, savings accounts, attorney trust accounts, money market accounts, and certificates of deposit; and 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.
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