Zacks: Analysts Anticipate Bank Of Princeton (NASDAQ:BPRN) Will Post Quarterly Sales of $11.91 Million

Equities research analysts expect that Bank Of Princeton (NASDAQ:BPRN) will report sales of $11.91 million for the current quarter, Zacks reports. Two analysts have provided estimates for Bank Of Princeton’s earnings, with estimates ranging from $11.82 million to $12.00 million. Bank Of Princeton reported sales of $10.91 million in the same quarter last year, which indicates a positive year over year growth rate of 9.2%. The business is expected to announce its next earnings results on Tuesday, February 4th.

On average, analysts expect that Bank Of Princeton will report full year sales of $45.58 million for the current year, with estimates ranging from $45.45 million to $45.70 million. For the next financial year, analysts forecast that the firm will report sales of $50.21 million, with estimates ranging from $49.22 million to $51.20 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Bank Of Princeton.

Bank Of Princeton (NASDAQ:BPRN) last posted its earnings results on Thursday, October 24th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.52 by $0.02. The firm had revenue of $11.84 million during the quarter, compared to the consensus estimate of $12.06 million.

BPRN has been the subject of several recent research reports. Zacks Investment Research downgraded Bank Of Princeton from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 10th. B. Riley cut their target price on shares of Bank Of Princeton from $32.00 to $28.00 and set a “neutral” rating on the stock in a research report on Friday, September 6th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $33.25.

A number of large investors have recently made changes to their positions in the stock. Wells Fargo & Company MN lifted its holdings in Bank Of Princeton by 153.5% during the 2nd quarter. Wells Fargo & Company MN now owns 30,908 shares of the company’s stock worth $927,000 after buying an additional 18,716 shares during the period. Russell Investments Group Ltd. bought a new position in shares of Bank Of Princeton during the second quarter worth about $701,000. Context BH Capital Management LP raised its position in shares of Bank Of Princeton by 12.3% during the second quarter. Context BH Capital Management LP now owns 76,864 shares of the company’s stock worth $2,306,000 after acquiring an additional 8,423 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Bank Of Princeton by 7.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 13,417 shares of the company’s stock worth $403,000 after acquiring an additional 896 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Bank Of Princeton by 22.5% in the second quarter. Renaissance Technologies LLC now owns 43,623 shares of the company’s stock worth $1,309,000 after acquiring an additional 8,019 shares during the period. 37.39% of the stock is owned by institutional investors and hedge funds.

Shares of BPRN stock traded up $0.81 during mid-day trading on Tuesday, reaching $29.82. 35,563 shares of the stock traded hands, compared to its average volume of 7,337. The company has a market cap of $194.31 million, a price-to-earnings ratio of 13.93 and a beta of 0.56. The stock’s fifty day simple moving average is $28.98 and its two-hundred day simple moving average is $28.32. Bank Of Princeton has a 1-year low of $25.92 and a 1-year high of $33.33.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 6th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.34%. This is an increase from Bank Of Princeton’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, November 5th. Bank Of Princeton’s dividend payout ratio is presently 18.69%.

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

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