Bank Of Princeton (BPRN) Expected to Post Earnings of $0.56 Per Share

Wall Street brokerages expect Bank Of Princeton (NASDAQ:BPRN) to post earnings per share of $0.56 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Bank Of Princeton’s earnings, with estimates ranging from $0.55 to $0.57. Bank Of Princeton posted earnings per share of $0.32 in the same quarter last year, which indicates a positive year over year growth rate of 75%. The business is expected to issue its next quarterly earnings report on Thursday, January 24th.

According to Zacks, analysts expect that Bank Of Princeton will report full year earnings of $2.15 per share for the current financial year, with EPS estimates ranging from $2.14 to $2.15. For the next financial year, analysts forecast that the business will report earnings of $2.43 per share, with EPS estimates ranging from $2.35 to $2.50. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Bank Of Princeton.

Bank Of Princeton (NASDAQ:BPRN) last posted its quarterly earnings data on Thursday, October 25th. The company reported $0.54 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.54. The firm had revenue of $11.19 million for the quarter, compared to the consensus estimate of $11.67 million.

A number of equities research analysts have weighed in on BPRN shares. Boenning Scattergood reiterated a “buy” rating on shares of Bank Of Princeton in a research note on Friday, October 26th. Zacks Investment Research raised shares of Bank Of Princeton from a “sell” rating to a “hold” rating in a report on Tuesday, October 16th. ValuEngine raised shares of Bank Of Princeton from a “sell” rating to a “hold” rating in a report on Thursday, October 11th. Finally, B. Riley lowered their price target on shares of Bank Of Princeton from $36.00 to $32.00 and set a “hold” rating for the company in a report on Monday, November 5th.

Shares of NASDAQ BPRN opened at $29.40 on Friday. Bank Of Princeton has a twelve month low of $26.77 and a twelve month high of $35.45. The company has a market capitalization of $194.02 million, a P/E ratio of 14.92 and a beta of 0.22.

The firm also recently disclosed a Not Available dividend, which was paid on Friday, November 23rd. Stockholders of record on Monday, November 5th were paid a dividend of $0.03 per share. The ex-dividend date was Friday, November 2nd. Bank Of Princeton’s dividend payout ratio is presently 6.09%.

A number of institutional investors and hedge funds have recently made changes to their positions in BPRN. Vanguard Group Inc. lifted its stake in shares of Bank Of Princeton by 12.4% during the third quarter. Vanguard Group Inc. now owns 280,947 shares of the company’s stock worth $8,581,000 after buying an additional 31,076 shares during the period. Renaissance Technologies LLC purchased a new position in Bank Of Princeton in the third quarter valued at $684,000. BlackRock Inc. increased its stake in shares of Bank Of Princeton by 4.1% during the third quarter. BlackRock Inc. now owns 283,058 shares of the company’s stock worth $8,645,000 after purchasing an additional 11,224 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Bank Of Princeton by 45.4% during the third quarter. Alliancebernstein L.P. now owns 53,198 shares of the company’s stock worth $1,625,000 after purchasing an additional 16,600 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Bank Of Princeton by 199.9% during the third quarter. JPMorgan Chase & Co. now owns 4,538 shares of the company’s stock worth $139,000 after purchasing an additional 3,025 shares in the last quarter. Institutional investors own 34.91% of the company’s stock.

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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Earnings History and Estimates for Bank Of Princeton (NASDAQ:BPRN)

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