Bank Of Princeton (BPRN) Downgraded by Zacks Investment Research to Sell

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Zacks Investment Research lowered shares of Bank Of Princeton (NASDAQ:BPRN) from a hold rating to a sell rating in a report released on Tuesday morning.

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. “

Other equities research analysts have also issued research reports about the stock. Boenning Scattergood set a $39.00 price objective on shares of Bank Of Princeton and gave the company a buy rating in a research note on Friday, July 27th. ValuEngine downgraded shares of Bank Of Princeton from a hold rating to a sell rating in a research report on Tuesday, October 2nd.

NASDAQ:BPRN opened at $29.34 on Tuesday. The stock has a market capitalization of $191.58 million, a price-to-earnings ratio of 15.25 and a beta of -0.38. Bank Of Princeton has a 52 week low of $28.16 and a 52 week high of $35.45.

Bank Of Princeton (NASDAQ:BPRN) last posted its quarterly earnings data on Thursday, October 25th. The company reported $0.54 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.54. The firm had revenue of $11.19 million during the quarter, compared to analysts’ expectations of $11.67 million. As a group, equities research analysts forecast that Bank Of Princeton will post 2.16 earnings per share for the current year.

The business also recently announced a Not Available dividend, which will be paid on Friday, November 23rd. Stockholders of record on Monday, November 5th will be given a dividend of $0.03 per share. The ex-dividend date is Friday, November 2nd.

Institutional investors have recently added to or reduced their stakes in the company. Northern Trust Corp bought a new position in shares of Bank Of Princeton during the 1st quarter valued at approximately $231,000. Acadian Asset Management LLC bought a new position in shares of Bank Of Princeton during the 2nd quarter valued at approximately $232,000. NJ State Employees Deferred Compensation Plan bought a new position in Bank Of Princeton in the 2nd quarter worth approximately $333,000. Schwab Charles Investment Management Inc. bought a new position in Bank Of Princeton in the 2nd quarter worth approximately $366,000. Finally, Bank of New York Mellon Corp bought a new position in Bank Of Princeton in the 2nd quarter worth approximately $595,000. 34.11% of the stock is owned by hedge funds and other institutional investors.

Bank Of Princeton Company 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 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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