The Bank of Princeton (BPRN) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of The Bank of Princeton (NASDAQ:BPRN) from a hold rating to a buy rating in a research report released on Wednesday. They currently have $37.00 target price on the stock.

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 subject of several other research reports. B. Riley cut shares of The Bank of Princeton from a buy rating to a neutral rating and set a $36.00 price objective for the company. in a research report on Thursday, January 11th. Boenning Scattergood reaffirmed a buy rating and set a $35.75 target price on shares of The Bank of Princeton in a report on Friday, October 13th. ValuEngine lowered shares of The Bank of Princeton from a buy rating to a hold rating in a report on Tuesday. Finally, FBR & Co reaffirmed a buy rating on shares of The Bank of Princeton in a report on Thursday, October 26th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $36.35.

The Bank of Princeton (BPRN) traded down $0.09 during mid-day trading on Wednesday, reaching $32.87. 21,704 shares of the company traded hands, compared to its average volume of 9,383. The Bank of Princeton has a 1 year low of $29.43 and a 1 year high of $39.00.

The Bank of Princeton (NASDAQ:BPRN) last posted its quarterly earnings data on Tuesday, October 24th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.01). analysts expect that The Bank of Princeton will post 2 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Context BH Capital Management LP acquired a new stake in The Bank of Princeton during the 3rd quarter worth $718,000. EJF Capital LLC acquired a new stake in The Bank of Princeton during the 3rd quarter worth $14,555,000. Finally, Wells Fargo & Company MN acquired a new stake in The Bank of Princeton during the 3rd quarter worth $325,000. 24.38% of the stock is owned by hedge funds and other institutional investors.

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

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