Zacks Investment Research cut shares of Bank Of Princeton (NASDAQ:BPRN) from a hold rating to a sell rating in a research report released on Tuesday, March 13th.
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. “
BPRN has been the topic of a number of other research reports. B. Riley restated a buy rating and set a $37.00 price target on shares of Bank Of Princeton in a research note on Tuesday, December 26th. Boenning Scattergood restated a buy rating and set a $37.00 price target on shares of Bank Of Princeton in a research note on Friday, January 26th. Finally, ValuEngine lowered Bank Of Princeton from a buy rating to a hold rating in a research report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Bank Of Princeton has an average rating of Hold and an average price target of $36.60.
Bank Of Princeton (NASDAQ:BPRN) last posted its earnings results on Thursday, January 25th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.05. The company had revenue of $11.14 million during the quarter, compared to analysts’ expectations of $11.08 million. equities research analysts expect that Bank Of Princeton will post 2.33 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in BPRN. EJF Capital LLC acquired a new position in Bank Of Princeton in the third quarter valued at approximately $14,555,000. Banc Funds Co. LLC lifted its holdings in Bank Of Princeton by 49.2% in the fourth quarter. Banc Funds Co. LLC now owns 298,326 shares of the company’s stock valued at $10,245,000 after acquiring an additional 98,326 shares during the period. JBF Capital Inc. acquired a new position in Bank Of Princeton in the fourth quarter valued at approximately $1,888,000. Kennedy Capital Management Inc. acquired a new position in Bank Of Princeton in the fourth quarter valued at approximately $1,464,000. Finally, Context BH Capital Management LP acquired a new position in Bank Of Princeton in the third quarter valued at approximately $718,000. 28.27% of the stock is owned by institutional investors.
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About Bank Of Princeton
The Bank Of Princeton, headquartered in New Jersey, the United States, operates as a bank.
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