Bank Of Princeton (NASDAQ:BPRN) – Equities research analysts at B. Riley cut their FY2018 earnings per share (EPS) estimates for Bank Of Princeton in a report released on Monday, November 5th. B. Riley analyst S. Moss now forecasts that the company will post earnings of $2.14 per share for the year, down from their prior forecast of $2.17. B. Riley has a “Hold” rating and a $32.00 price objective on the stock. B. Riley also issued estimates for Bank Of Princeton’s Q4 2018 earnings at $0.55 EPS, Q1 2019 earnings at $0.51 EPS, Q2 2019 earnings at $0.57 EPS, Q4 2019 earnings at $0.64 EPS, FY2019 earnings at $2.35 EPS, Q1 2020 earnings at $0.53 EPS, Q2 2020 earnings at $0.65 EPS, Q3 2020 earnings at $0.71 EPS and FY2020 earnings at $2.60 EPS.
Bank Of Princeton (NASDAQ:BPRN) last announced its quarterly earnings results on Thursday, October 25th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. The company had revenue of $11.19 million for the quarter, compared to analysts’ expectations of $11.67 million.
Other equities analysts have also recently issued research reports about the stock. Boenning Scattergood set a $39.00 price target on shares of Bank Of Princeton and gave the company a “buy” rating in a research report on Friday, July 27th. Zacks Investment Research upgraded shares of Bank Of Princeton from a “sell” rating to a “hold” rating in a research report on Tuesday, October 16th. Finally, ValuEngine upgraded shares of Bank Of Princeton from a “sell” rating to a “hold” rating in a research report on Thursday, October 11th.
Shares of NASDAQ BPRN opened at $28.90 on Tuesday. Bank Of Princeton has a 1 year low of $26.77 and a 1 year high of $35.45. The stock has a market cap of $190.20 million, a P/E ratio of 15.09 and a beta of 0.19.
The firm also recently disclosed a Not Available dividend, which will be paid on Friday, November 23rd. Shareholders of record on Monday, November 5th will be issued a $0.03 dividend. The ex-dividend date is Friday, November 2nd. Bank Of Princeton’s dividend payout ratio (DPR) is presently 6.09%.
Institutional investors and hedge funds have recently made changes to their positions in the business. Northern Trust Corp purchased a new stake in Bank Of Princeton in the first quarter worth about $231,000. Acadian Asset Management LLC purchased a new stake in Bank Of Princeton in the second quarter worth about $232,000. NJ State Employees Deferred Compensation Plan purchased a new stake in Bank Of Princeton in the second quarter worth about $333,000. Schwab Charles Investment Management Inc. purchased a new stake in Bank Of Princeton in the second quarter worth about $366,000. Finally, Bank of New York Mellon Corp purchased a new stake in Bank Of Princeton in the second quarter worth about $595,000. Institutional investors and hedge funds own 34.14% 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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