Bank Of Princeton (BPRN) Given Average Rating of “Buy” by Brokerages

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Shares of Bank Of Princeton (NASDAQ:BPRN) have received an average rating of “Buy” from the six brokerages that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $37.00.

BPRN has been the subject of several recent analyst reports. Zacks Investment Research cut Bank Of Princeton from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 1st. Boenning Scattergood restated an “outperform” rating on shares of Bank Of Princeton in a report on Friday, June 29th.

Bank Of Princeton traded down $0.03, hitting $33.42, during trading on Friday, MarketBeat Ratings reports. The stock had a trading volume of 7,013 shares, compared to its average volume of 11,350. Bank Of Princeton has a 1-year low of $29.43 and a 1-year high of $35.45. The company has a market capitalization of $220.75 million and a price-to-earnings ratio of 17.79.

Bank Of Princeton (NASDAQ:BPRN) last posted its quarterly earnings results on Thursday, July 26th. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.04). The business had revenue of $16.54 million during the quarter, compared to the consensus estimate of $11.61 million. sell-side analysts predict that Bank Of Princeton will post 2.24 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Millennium Management LLC grew its holdings in Bank Of Princeton by 3.0% in the 4th quarter. Millennium Management LLC now owns 83,768 shares of the company’s stock valued at $2,877,000 after buying an additional 2,475 shares during the period. FSI Group LLC grew its holdings in Bank Of Princeton by 3.3% in the 1st quarter. FSI Group LLC now owns 105,774 shares of the company’s stock valued at $3,649,000 after buying an additional 3,393 shares during the period. Monarch Partners Asset Management LLC grew its holdings in Bank Of Princeton by 18.5% in the 2nd quarter. Monarch Partners Asset Management LLC now owns 22,948 shares of the company’s stock valued at $763,000 after buying an additional 3,580 shares during the period. Northern Trust Corp purchased a new stake in Bank Of Princeton in the 1st quarter valued at about $231,000. Finally, Acadian Asset Management LLC purchased a new stake in Bank Of Princeton in the 2nd quarter valued at about $232,000. Institutional investors own 27.51% of the company’s stock.

About Bank Of Princeton

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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