Bank Of Princeton (BPRN) Expected to Post Quarterly Sales of $11.54 Million

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Wall Street analysts predict that Bank Of Princeton (NASDAQ:BPRN) will announce sales of $11.54 million for the current quarter, according to Zacks. Two analysts have made estimates for Bank Of Princeton’s earnings, with estimates ranging from $11.37 million to $11.70 million. Bank Of Princeton reported sales of $16.54 million during the same quarter last year, which would suggest a negative year over year growth rate of 30.2%. The firm is scheduled to announce its next quarterly earnings report on Thursday, July 25th.

According to Zacks, analysts expect that Bank Of Princeton will report full year sales of $47.27 million for the current fiscal year, with estimates ranging from $46.83 million to $47.70 million. For the next year, analysts forecast that the company will report sales of $53.70 million, with estimates ranging from $52.80 million to $54.59 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Bank Of Princeton.

Bank Of Princeton (NASDAQ:BPRN) last announced its quarterly earnings results on Monday, April 22nd. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.50). The business had revenue of $10.70 million for the quarter, compared to the consensus estimate of $11.22 million.

A number of analysts have recently weighed in on the stock. TheStreet downgraded shares of Bank Of Princeton from a “b” rating to a “c+” rating in a report on Thursday, April 25th. Sandler O’Neill downgraded shares of Bank Of Princeton from a “buy” rating to a “hold” rating and set a $33.00 price target on the stock. in a report on Tuesday, April 23rd. B. Riley reiterated a “neutral” rating on shares of Bank Of Princeton in a report on Wednesday, April 10th. Zacks Investment Research downgraded shares of Bank Of Princeton from a “buy” rating to a “hold” rating in a report on Friday, February 1st. Finally, Boenning Scattergood reiterated a “buy” rating on shares of Bank Of Princeton in a report on Tuesday, February 5th. Five research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average price target of $34.25.

NASDAQ BPRN traded up $0.88 on Friday, reaching $29.28. The company had a trading volume of 164 shares, compared to its average volume of 8,273. Bank Of Princeton has a 12 month low of $26.77 and a 12 month high of $35.45. The company has a market cap of $185.51 million, a P/E ratio of 13.68 and a beta of 0.42.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 10th will be issued a dividend of $0.03 per share. The ex-dividend date is Thursday, May 9th. This represents a $0.12 annualized dividend and a yield of 0.41%. Bank Of Princeton’s payout ratio is 5.61%.

Large investors have recently modified their holdings of the stock. Northern Trust Corp boosted its position in Bank Of Princeton by 0.9% in the 1st quarter. Northern Trust Corp now owns 57,361 shares of the company’s stock valued at $1,820,000 after buying an additional 532 shares during the period. Bank of America Corp DE lifted its position in shares of Bank Of Princeton by 18.4% in the 4th quarter. Bank of America Corp DE now owns 3,783 shares of the company’s stock worth $106,000 after purchasing an additional 588 shares during the period. Acadian Asset Management LLC raised its stake in shares of Bank Of Princeton by 15.1% during the 4th quarter. Acadian Asset Management LLC now owns 7,649 shares of the company’s stock worth $214,000 after acquiring an additional 1,001 shares in the last quarter. BNP Paribas Arbitrage SA raised 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 worth $39,000 after acquiring an additional 1,022 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of Bank Of Princeton during the 1st quarter worth approximately $35,000. Institutional investors own 36.54% of the company’s stock.

About Bank Of Princeton

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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