Wall Street brokerages expect Bank Of Princeton (NASDAQ:BPRN) to announce $11.30 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Bank Of Princeton’s earnings. The lowest sales estimate is $11.11 million and the highest is $11.48 million. The company is scheduled to report its next quarterly earnings report on Thursday, July 26th.
According to Zacks, analysts expect that Bank Of Princeton will report full-year sales of $46.42 million for the current fiscal year, with estimates ranging from $45.79 million to $47.05 million. For the next year, analysts forecast that the firm will report sales of $52.59 million per share, with estimates ranging from $51.61 million to $53.57 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Bank Of Princeton.
Bank Of Princeton (NASDAQ:BPRN) last released its earnings results on Thursday, April 26th. The company reported $0.52 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.52. The firm had revenue of $10.68 million during the quarter, compared to analysts’ expectations of $11.23 million.
Several equities analysts have recently weighed in on BPRN shares. Boenning Scattergood reiterated a “buy” rating and issued a $37.00 price target on shares of Bank Of Princeton in a research report on Friday, January 26th. Zacks Investment Research cut Bank Of Princeton from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 1st. Finally, ValuEngine cut Bank Of Princeton from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Bank Of Princeton presently has a consensus rating of “Hold” and a consensus price target of $36.60.
NASDAQ:BPRN opened at $33.60 on Monday. Bank Of Princeton has a 1 year low of $29.43 and a 1 year high of $39.00. The firm has a market capitalization of $221.25 million and a price-to-earnings ratio of 17.06.
Several hedge funds and other institutional investors have recently made changes to their positions in BPRN. Wells Fargo & Company MN purchased a new position in shares of Bank Of Princeton in the third quarter valued at $325,000. Monarch Partners Asset Management LLC purchased a new position in shares of Bank Of Princeton in the fourth quarter valued at $427,000. JBF Capital Inc. purchased a new position in shares of Bank Of Princeton in the fourth quarter valued at $1,888,000. First Trust Advisors LP purchased a new position in shares of Bank Of Princeton in the fourth quarter valued at $271,000. Finally, FSI Group LLC boosted its stake in Bank Of Princeton by 2.4% during the fourth quarter. FSI Group LLC now owns 102,381 shares of the company’s stock valued at $3,516,000 after buying an additional 2,381 shares during the period. Institutional investors own 25.68% of the company’s stock.
About 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 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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