Brokerages Anticipate Bank Of Princeton (BPRN) Will Post Earnings of $0.56 Per Share

Equities research analysts expect that Bank Of Princeton (NASDAQ:BPRN) will announce earnings per share of $0.56 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Bank Of Princeton’s earnings, with the highest EPS estimate coming in at $0.57 and the lowest estimate coming in at $0.55. Bank Of Princeton reported earnings per share of $0.32 in the same quarter last year, which suggests a positive year over year growth rate of 75%. The business is scheduled to report its next quarterly earnings results on Thursday, January 24th.

According to Zacks, analysts expect that Bank Of Princeton will report full-year earnings of $2.15 per share for the current fiscal year, with EPS estimates ranging from $2.14 to $2.15. For the next financial year, analysts anticipate that the business will post earnings of $2.43 per share, with EPS estimates ranging from $2.35 to $2.50. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Bank Of Princeton.

Bank Of Princeton (NASDAQ:BPRN) last announced its quarterly earnings results on Thursday, October 25th. The company reported $0.54 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.54. The firm had revenue of $11.19 million for the quarter, compared to the consensus estimate of $11.67 million.

A number of equities research analysts have commented on the stock. Zacks Investment Research raised shares of Bank Of Princeton from a “sell” rating to a “hold” rating in a research report on Wednesday. B. Riley cut their target price on shares of Bank Of Princeton from $36.00 to $32.00 and set a “hold” rating for the company in a research report on Monday, November 5th. ValuEngine downgraded shares of Bank Of Princeton from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Finally, Boenning Scattergood reaffirmed a “buy” rating on shares of Bank Of Princeton in a research report on Friday, October 26th.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. grew its position in Bank Of Princeton by 4.1% in the 3rd quarter. BlackRock Inc. now owns 283,058 shares of the company’s stock worth $8,645,000 after purchasing an additional 11,224 shares during the period. Systematic Financial Management LP grew its position in Bank Of Princeton by 11.4% in the 3rd quarter. Systematic Financial Management LP now owns 238,993 shares of the company’s stock worth $7,299,000 after purchasing an additional 24,524 shares during the period. Millennium Management LLC grew its position in Bank Of Princeton by 58.9% in the 1st quarter. Millennium Management LLC now owns 133,098 shares of the company’s stock worth $4,591,000 after purchasing an additional 49,330 shares during the period. Northern Trust Corp grew its position in Bank Of Princeton by 727.9% in the 2nd quarter. Northern Trust Corp now owns 55,393 shares of the company’s stock worth $1,842,000 after purchasing an additional 48,702 shares during the period. Finally, Alliancebernstein L.P. grew its position in Bank Of Princeton by 45.4% in the 3rd quarter. Alliancebernstein L.P. now owns 53,198 shares of the company’s stock worth $1,625,000 after purchasing an additional 16,600 shares during the period. 34.14% of the stock is owned by institutional investors and hedge funds.

Shares of BPRN opened at $29.71 on Wednesday. Bank Of Princeton has a twelve month low of $26.77 and a twelve month high of $35.45. The company has a market cap of $197.79 million, a P/E ratio of 15.69 and a beta of 0.19.

The business also recently announced a Not Available dividend, which will be paid on Friday, November 23rd. Shareholders of record on Monday, November 5th will be given a $0.03 dividend. The ex-dividend date of this dividend is Friday, November 2nd. Bank Of Princeton’s dividend payout ratio (DPR) is presently 6.09%.

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.

See Also: Dollar Cost Averaging

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Earnings History and Estimates for Bank Of Princeton (NASDAQ:BPRN)

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