Zacks: Brokerages Set $36.38 Price Target for The Bank of Princeton (BPRN)
Shares of The Bank of Princeton (NASDAQ:BPRN) have been assigned an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Brokerages have set a twelve-month consensus price target of $36.38 for the company, according to Zacks. Zacks has also given The Bank of Princeton an industry rank of 111 out of 265 based on the ratings given to related companies.
Several research firms have commented on BPRN. FBR & Co reaffirmed a “buy” rating on shares of The Bank of Princeton in a research note on Thursday, October 26th. Sandler O’Neill reaffirmed a “buy” rating and set a $36.00 price objective on shares of The Bank of Princeton in a research note on Tuesday, August 29th. Finally, Boenning Scattergood began coverage on shares of The Bank of Princeton in a research note on Friday, October 13th. They set an “outperform” rating for the company.
Hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN bought a new position in The Bank of Princeton in the third quarter worth about $325,000. Context BH Capital Management LP bought a new position in The Bank of Princeton in the third quarter worth about $718,000. Finally, EJF Capital LLC bought a new position in The Bank of Princeton in the third quarter worth about $14,555,000. Hedge funds and other institutional investors own 24.38% of the company’s stock.
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About The Bank of Princeton
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, commercial and industrial, construction, residential first-lien mortgage, home equity, and consumer loans, as well as lines of credit.
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