Bank Of Princeton (BPRN) Upgraded to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Bank Of Princeton (NASDAQ:BPRN) from a hold rating to a buy rating in a research note published on Tuesday. The brokerage currently has $38.00 price target on the stock.

According to Zacks, “The Bank of Princeton is a community bank which provides banking products and services. 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. It operates primarily in New Jersey, Hamilton, Pennington, Montgomery, Monroe Township, Lambertville, New Brunswick, Lawrenceville. The Bank of Princeton is headquartered in Princeton, New Jersey. “

Separately, Boenning Scattergood reissued an outperform rating on shares of Bank Of Princeton in a research report on Friday, June 29th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $36.80.

Shares of BPRN stock opened at $34.79 on Tuesday. Bank Of Princeton has a one year low of $29.43 and a one year high of $39.00.

Bank Of Princeton (NASDAQ:BPRN) last announced its quarterly earnings data on Thursday, April 26th. The company reported $0.52 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.52. The firm had revenue of $10.68 million for the quarter, compared to analysts’ expectations of $11.23 million. equities analysts expect that Bank Of Princeton will post 2.3 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in BPRN. Systematic Financial Management LP purchased a new stake in shares of Bank Of Princeton during the 1st quarter valued at about $3,865,000. Millennium Management LLC boosted its holdings in shares of Bank Of Princeton by 58.9% during the 1st quarter. Millennium Management LLC now owns 133,098 shares of the company’s stock valued at $4,591,000 after acquiring an additional 49,330 shares during the last quarter. Kennedy Capital Management Inc. purchased a new stake in shares of Bank Of Princeton during the 4th quarter valued at about $1,464,000. Wells Fargo & Company MN boosted its holdings in shares of Bank Of Princeton by 160.2% during the 4th quarter. Wells Fargo & Company MN now owns 26,415 shares of the company’s stock valued at $907,000 after acquiring an additional 16,265 shares during the last quarter. Finally, Tibra Equities Europe Ltd purchased a new stake in shares of Bank Of Princeton during the 1st quarter valued at about $454,000. 29.00% of the stock is currently owned by hedge funds and other institutional investors.

Bank Of Princeton Company Profile

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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