Equities research analysts expect Bank Of Princeton (NASDAQ:BPRN) to announce earnings of $0.53 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Bank Of Princeton’s earnings. The highest EPS estimate is $0.55 and the lowest is $0.50. Bank Of Princeton reported earnings of $0.55 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 3.6%. The business is expected to announce its next quarterly earnings report on Tuesday, February 4th.
According to Zacks, analysts expect that Bank Of Princeton will report full-year earnings of $1.51 per share for the current year, with EPS estimates ranging from $1.48 to $1.53. For the next financial year, analysts forecast that the firm will post earnings of $2.13 per share, with EPS estimates ranging from $2.05 to $2.20. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Bank Of Princeton.
Bank Of Princeton (NASDAQ:BPRN) last released its earnings results on Thursday, October 24th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.02. The business had revenue of $11.84 million for the quarter, compared to the consensus estimate of $12.06 million.
Several equities analysts have recently commented on the company. Zacks Investment Research lowered Bank Of Princeton from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 10th. B. Riley cut their price target on Bank Of Princeton from $32.00 to $28.00 and set a “neutral” rating on the stock in a research note on Friday, September 6th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $33.25.
Several institutional investors have recently made changes to their positions in the company. Context BH Capital Management LP increased its stake in shares of Bank Of Princeton by 12.3% during the second quarter. Context BH Capital Management LP now owns 76,864 shares of the company’s stock valued at $2,306,000 after buying an additional 8,423 shares during the period. Northern Trust Corp grew its stake in Bank Of Princeton by 3.0% in the second quarter. Northern Trust Corp now owns 59,105 shares of the company’s stock valued at $1,773,000 after purchasing an additional 1,744 shares during the last quarter. Renaissance Technologies LLC grew its stake in Bank Of Princeton by 22.5% in the second quarter. Renaissance Technologies LLC now owns 43,623 shares of the company’s stock valued at $1,309,000 after purchasing an additional 8,019 shares during the last quarter. Wells Fargo & Company MN grew its stake in Bank Of Princeton by 153.5% in the second quarter. Wells Fargo & Company MN now owns 30,908 shares of the company’s stock valued at $927,000 after purchasing an additional 18,716 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in Bank Of Princeton in the second quarter valued at about $794,000. Hedge funds and other institutional investors own 37.12% of the company’s stock.
Shares of NASDAQ:BPRN traded down $0.08 on Friday, hitting $29.36. 1,800 shares of the company’s stock were exchanged, compared to its average volume of 7,603. The stock has a market capitalization of $194.68 million, a price-to-earnings ratio of 13.72 and a beta of 0.57. Bank Of Princeton has a 12 month low of $25.92 and a 12 month high of $33.33. The business’s 50 day simple moving average is $28.64 and its two-hundred day simple moving average is $28.38.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 6th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $0.40 annualized dividend and a dividend yield of 1.36%. This is a positive change from Bank Of Princeton’s previous quarterly dividend of $0.03. Bank Of Princeton’s dividend payout ratio (DPR) is currently 18.69%.
Bank Of Princeton Company Profile
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.
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