Stock analysts expect Bank of Princeton (NASDAQ:BPRN) to post earnings of $0.85 per share for the current fiscal quarter, according to Zacks. Three analysts provided earnings estimates for Bank of Princeton, with estimates ranging from $0.84 to $0.87. Bank of Princeton posted earnings of $0.60 per share in the same quarter last year, suggesting a positive year-over-year growth rate of 41.7%. The company is due to release its next quarterly results on Thursday, January 27.
On average, analysts expect Bank of Princeton to report annual earnings of $3.22 per share for the current year, with EPS estimates ranging from $3.21 to $3.24. For the next fiscal year, analysts expect the company to post earnings of $2.93 per share, with EPS estimates ranging from $2.80 to $3.03. Zacks Investment Research earnings per share averages are an average average based on a survey of analysts who track Bank of Princeton.
Bank of Princeton Inc (NASDAQ:BPRN) last released its quarterly results on Friday, October 22. The company reported EPS of $0.88 for the quarter, beating Thomson Reuters consensus estimate of $0.78 by $0.10. The company posted revenue of $17.43 million for the quarter, compared to $15.97 million expected by analysts.
A number of stock analysts have weighed in on the company. Zacks Investment Research upgraded Bank of Princeton from a “hold” rating to a “buy” rating and set a price target of $34.00 on the stock in a research note on Thursday. B. Riley raised his price target on Bank of Princeton from $36.00 to $37.00 in a Wednesday, January 12 research note.
A number of hedge funds and other institutional investors have recently changed their holdings in BPRN. BHZ Capital Management LP increased its position in Bank of Princeton shares by 0.9% in the third quarter. BHZ Capital Management LP now owns 69,171 shares of the company valued at $2,066,000 after purchasing an additional 600 shares during the period. First Republic Investment Management Inc. increased its holdings of Bank of Princeton shares by 2.9% in the third quarter. First Republic Investment Management Inc. now owns 37,113 shares of the company valued at $1,109,000 after purchasing an additional 1,050 shares during the period. Morgan Stanley increased its stake in shares of Bank of Princeton by 16.4% in the 1st quarter. Morgan Stanley now owns 10,583 shares of the company valued at $303,000 after purchasing an additional 1,488 shares during the period. Royal Bank of Canada increased its holdings of Bank of Princeton shares by 163.8% in the second quarter. Royal Bank of Canada now owns 3,044 shares of the company valued at $87,000 after purchasing an additional 1,890 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Bank of Princeton shares by 17.1% in the second quarter. Dimensional Fund Advisors LP now owns 51,183 shares of the company valued at $1,467,000 after purchasing an additional 7,477 shares during the period. Institutional investors hold 35.64% of the company’s shares.
BPRN shares opened at $30.40 on Monday. Bank of Princeton has a 1-year low of $21.26 and a 1-year high of $31.31. The stock has a market capitalization of $205.50 million, a price-earnings ratio of 10.20 and a beta of 0.64. The stock has a 50-day moving average price of $29.94 and a 200-day moving average price of $29.92.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 26. Investors of record on Friday, November 5 received a dividend of $0.18. The ex-dividend date was Thursday, November 4. This represents an annualized dividend of $0.72 and a dividend yield of 2.37%. Bank of Princeton’s dividend payout ratio is currently 24.16%.
About Princeton Bank
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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