Zacks Investment Research Downgrades Bank Of Princeton (NASDAQ:BPRN) to Strong Sell

Zacks Investment Research cut shares of Bank Of Princeton (NASDAQ:BPRN) from a hold rating to a strong sell rating in a report issued on Tuesday morning, Zacks.com reports.

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, B. Riley cut their price target on Bank Of Princeton from $32.00 to $28.00 and set a neutral rating for the company in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The company presently has a consensus rating of Hold and an average price target of $33.25.



Shares of Bank Of Princeton stock traded down $0.07 during trading hours on Tuesday, reaching $28.22. 13,454 shares of the stock traded hands, compared to its average volume of 4,433. The company has a 50 day moving average price of $26.95 and a 200 day moving average price of $29.40. The firm has a market capitalization of $187.76 million, a price-to-earnings ratio of 13.19 and a beta of 0.56. Bank Of Princeton has a one year low of $25.92 and a one year high of $33.33.

Bank Of Princeton (NASDAQ:BPRN) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.05). The business had revenue of $11.09 million during the quarter, compared to analyst estimates of $11.45 million. On average, sell-side analysts expect that Bank Of Princeton will post 1.66 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 9th were paid a dividend of $0.03 per share. The ex-dividend date was Thursday, August 8th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.43%. Bank Of Princeton’s dividend payout ratio is currently 5.61%.

Large investors have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC bought a new position in shares of Bank Of Princeton during the 1st quarter valued at approximately $35,000. BNP Paribas Arbitrage SA grew its stake in shares of Bank Of Princeton by 513.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,221 shares of the company’s stock valued at $39,000 after acquiring an additional 1,022 shares during the period. Bank of America Corp DE grew its stake in shares of Bank Of Princeton by 18.4% during the 4th quarter. Bank of America Corp DE now owns 3,783 shares of the company’s stock valued at $106,000 after acquiring an additional 588 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Bank Of Princeton by 7.2% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 13,417 shares of the company’s stock valued at $403,000 after acquiring an additional 896 shares during the period. Finally, Acadian Asset Management LLC grew its stake in shares of Bank Of Princeton by 99.0% during the 1st quarter. Acadian Asset Management LLC now owns 15,219 shares of the company’s stock valued at $483,000 after acquiring an additional 7,570 shares during the period. Institutional investors own 37.00% 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.

Further Reading: What is the return on assets (ROA) ratio?

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