EJF Capital LLC Buys Shares of 455,000 The Bank of Princeton (BPRN)

EJF Capital LLC bought a new position in The Bank of Princeton (NASDAQ:BPRN) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 455,000 shares of the company’s stock, valued at approximately $14,555,000. The Bank of Princeton comprises approximately 1.5% of EJF Capital LLC’s portfolio, making the stock its 25th biggest holding. EJF Capital LLC owned 7.63% of The Bank of Princeton at the end of the most recent reporting period.

Separately, Context BH Capital Management LP purchased a new position in shares of The Bank of Princeton in the 3rd quarter worth about $718,000. 24.38% of the stock is currently owned by institutional investors.

The Bank of Princeton (BPRN) opened at $34.50 on Tuesday. The Bank of Princeton has a fifty-two week low of $29.43 and a fifty-two week high of $39.00.

A number of equities analysts have recently issued reports on BPRN shares. FBR & Co started coverage on The Bank of Princeton in a report on Monday, August 28th. They issued a “buy” rating and a $37.00 price objective for the company. Boenning Scattergood reiterated a “buy” rating and issued a $35.75 price objective on shares of The Bank of Princeton in a report on Friday, October 13th. Finally, Sandler O’Neill reiterated a “buy” rating and issued a $36.00 price objective on shares of The Bank of Princeton in a report on Tuesday, August 29th.

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The Bank of Princeton 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, commercial and industrial, construction, residential first-lien mortgage, home equity, and consumer loans, as well as lines of credit.

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