Bank Of Princeton (NASDAQ:BPRN) Receives Average Recommendation of “Hold” from Brokerages

Bank Of Princeton (NASDAQ:BPRN) has been assigned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $32.00.

BPRN has been the topic of a number of research analyst reports. TheStreet upgraded Bank Of Princeton from a “c” rating to a “b-” rating in a research note on Monday, March 11th. Boenning Scattergood restated a “buy” rating and issued a $36.00 price target on shares of Bank Of Princeton in a research note on Wednesday, April 3rd. Zacks Investment Research cut Bank Of Princeton from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 9th. B. Riley restated a “neutral” rating on shares of Bank Of Princeton in a research note on Wednesday, April 10th. Finally, Sandler O’Neill cut Bank Of Princeton from a “buy” rating to a “hold” rating and set a $33.00 price target on the stock. in a research note on Tuesday, April 23rd.

NASDAQ BPRN opened at $28.92 on Wednesday. Bank Of Princeton has a 12 month low of $26.77 and a 12 month high of $35.45. The company has a market capitalization of $188.09 million, a PE ratio of 13.51 and a beta of 0.49.

Bank Of Princeton (NASDAQ:BPRN) last posted its quarterly earnings results on Monday, April 22nd. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.50). The company had revenue of $10.70 million during the quarter, compared to analyst estimates of $11.22 million. Analysts forecast that Bank Of Princeton will post 1.85 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 10th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date was Thursday, May 9th. Bank Of Princeton’s dividend payout ratio (DPR) is presently 5.61%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its position in Bank Of Princeton by 52.1% during the 1st quarter. Renaissance Technologies LLC now owns 35,604 shares of the company’s stock worth $1,130,000 after buying an additional 12,200 shares during the period. Banc Funds Co. LLC increased its position in Bank Of Princeton by 6.0% during the 1st quarter. Banc Funds Co. LLC now owns 296,521 shares of the company’s stock worth $9,409,000 after buying an additional 16,800 shares during the period. Northern Trust Corp increased its position in Bank Of Princeton by 0.9% during the 1st quarter. Northern Trust Corp now owns 57,361 shares of the company’s stock worth $1,820,000 after buying an additional 532 shares during the period. Context BH Capital Management LP increased its position in Bank Of Princeton by 2.9% during the 1st quarter. Context BH Capital Management LP now owns 68,441 shares of the company’s stock worth $2,172,000 after buying an additional 1,938 shares during the period. Finally, O Shaughnessy Asset Management LLC bought a new position in Bank Of Princeton during the 1st quarter worth $35,000. Institutional investors and hedge funds own 36.46% of the company’s stock.

Bank Of Princeton Company Profile

The Bank of Princeton provides various banking products and services. The company accepts checking, savings, attorney trust, and money market accounts, as well as certificates of deposit. Its loan products include 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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