Stock analysts expect The Bank of Princeton (NASDAQ:BPRN – Get a rating) will post sales of $16.22 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made earnings estimates for Bank of Princeton, with the highest sales estimate of $16.50 million and the lowest estimate of $16.00 million. Bank of Princeton reported sales of $15.62 million in the same quarter last year, suggesting a positive year-over-year growth rate of 3.8%. The company is expected to announce its next quarterly results on Thursday, April 28.
According to Zacks, analysts expect Bank of Princeton to report annual sales of $64.46 million for the current fiscal year, with estimates ranging from $63.68 million to $64.90 million. . For next year, analysts expect the company to report sales of $65.98 million, with estimates ranging from $65.64 million to $66.40 million. Zacks Investment Research’s sell calculations are an average average based on a survey of sell-side research analysts who track Bank of Princeton.
Princeton Bank (NASDAQ: BPRN – Get a rating) last announced its results on Thursday, January 27. The company reported earnings per share (EPS) of $0.92 for the quarter, beating the consensus estimate of $0.85 by $0.07.
Several research analysts have recently weighed in on BPRN shares. Boenning Scattergood upgraded Bank of Princeton shares from an “outperforming” rating to a “neutral” rating in a Tuesday, Feb. 1 research report. B. Riley raised his price target on Bank of Princeton shares from $36.00 to $37.00 in a Wednesday, January 12 research report. Ultimately, Zacks Investment Research moved Bank of Princeton shares from a “hold” rating to a “buy” rating and set a price target of $34.00 for the stock in a Thursday, January 13 research report.
Shares of BPRN action opened at $29.93 on Monday. The company’s 50-day moving average price is $30.17 and its 200-day moving average price is $30.15. The stock has a market capitalization of $202.33 million, a price-earnings ratio of 9.07 and a beta of 0.60. Bank of Princeton has a 12-month low of $25.58 and a 12-month high of $32.05.
The company also recently announced a quarterly dividend, which will be paid on Monday, February 28. Investors of record on Friday, February 11 will receive a dividend of $0.25. This is a positive change from Bank of Princeton’s previous quarterly dividend of $0.18. This represents an annualized dividend of $1.00 and a yield of 3.34%. The ex-dividend date is Thursday, February 10. Bank of Princeton’s payout rate is 30.30%.
Institutional investors and hedge funds have recently changed their stock holdings. Russell Investments Group Ltd. bought a new stake in Bank of Princeton in Q4, valued at around $25,000. Royal Bank of Canada increased its stake in Bank of Princeton by 163.8% during the second quarter. Royal Bank of Canada now owns 3,044 shares of the company worth $87,000 after purchasing an additional 1,890 shares during the period. Marshall Wace LLP purchased a new stake in Bank of Princeton during the fourth quarter worth approximately $92,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Bank of Princeton during the fourth quarter worth approximately $255,000. Finally, Two Sigma Advisers LP purchased a new stake in Bank of Princeton during the third quarter worth approximately $272,000. Hedge funds and other institutional investors own 35.64% of the company’s shares.
Princeton Bank Company Profile (Get a rating)
The Bank of Princeton provides retail, business and depository lending services. It offers traditional retail banking solutions, residential mortgages for one to four families, multi-family and commercial mortgages, construction loans, commercial business loans and consumer loans, including equity loans. net of property and lines of credit.
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