Analysts expect Bank of Princeton Inc (NASDAQ:BPRN) to report earnings per share of $0.86
Brokerages expect Bank of Princeton (NASDAQ:BPRN – Get Rating) to report earnings per share (EPS) of $0.86 for the current fiscal quarter, Zacks reports. Three analysts provided earnings estimates for Bank of Princeton, with estimates ranging from $0.78 to $0.92. Bank of Princeton posted earnings per share of $0.80 in the same quarter last year, suggesting a positive year-over-year growth rate of 7.5%. The company is due to announce its next quarterly earnings report on Monday, January 1.
On average, analysts expect Bank of Princeton to report annual earnings of $3.45 per share for the current year, with EPS estimates ranging from $3.10 to $3.67. For next year, analysts expect the company to post earnings of $3.39 per share, with EPS estimates ranging from $3.20 to $3.60. Zacks earnings per share averages are an average based on a survey of sell-side analysts who cover Bank of Princeton.
Bank of Princeton (NASDAQ:BPRN – Get Rating) last released its results on Thursday, April 21. The company reported earnings per share of $0.91 for the quarter, beating the consensus estimate of $0.82 by $0.09.
A number of stock analysts have recently commented on the company. Boenning Scattergood downgraded Bank of Princeton from an “outperforming” rating to a “neutral” rating in a Tuesday, February 1 research report. B. Riley lowered his price target on Bank of Princeton from $37.00 to $34.00 in a Tuesday, April 12 research report. Piper Sandler raised her price target on Bank of Princeton from $33.00 to $34.00 and gave the stock an “overweight” rating in a Friday, April 22 research report. Finally, Zacks Investment Research upgraded Bank of Princeton from a “hold” rating to a “buy” rating and set a target price of $34.00 for the company in a Thursday, January 13 research note.
Bank of Princeton shares traded down $0.36 on Friday, hitting $30.02. 7,001 shares of the company were traded, against an average volume of 13,610. Bank of Princeton has a 1-year low of $27.65 and a 1-year high of $32.05. The company has a market capitalization of $202.94 million, a P/E ratio of 8.55 and a beta of 0.58. The stock’s 50-day moving average price is $29.23 and its 200-day moving average price is $29.82.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 27. Investors of record on Friday, May 6 will receive a dividend of $0.25 per share. This represents an annualized dividend of $1.00 and a yield of 3.33%. The ex-dividend date is Thursday, May 5. Bank of Princeton’s payout ratio is 28.49%.
A number of hedge funds have been buying and selling stocks recently. BHZ Capital Management LP increased its stake in Bank of Princeton by 10.5% in the fourth quarter. BHZ Capital Management LP now owns 76,437 shares of the company valued at $2,242,000 after purchasing an additional 7,266 shares in the last quarter. First Republic Investment Management Inc. increased its stake in Bank of Princeton by 2.9% in the third quarter. First Republic Investment Management Inc. now owns 37,113 shares of the company valued at $1,109,000 after purchasing an additional 1,050 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Bank of Princeton by 20.5% in the third quarter. Dimensional Fund Advisors LP now owns 61,667 shares of the company valued at $1,852,000 after purchasing an additional 10,484 shares in the last quarter. Fourthstone LLC increased its stake in Bank of Princeton by 48.4% in the third quarter. Fourthstone LLC now owns 45,411 shares of the company valued at $1,356,000 after purchasing an additional 14,808 shares in the last quarter. Finally, Elizabeth Park Capital Advisors Ltd. increased its stake in Bank of Princeton by 7.4% in the fourth quarter. Elizabeth Park Capital Advisors Ltd. now owns 138,818 shares of the company valued at $4,072,000 after purchasing an additional 9,559 shares in the last quarter. Hedge funds and other institutional investors own 35.64% of the company’s shares.
About Princeton Bank (Get an assessment)
The Bank of Princeton offers various banking products and services. It accepts various deposit products, including checking, savings, lawyers’ trust and money market accounts, as well as certificates of deposit. The Company also offers various lending products including commercial and multi-family real estate, commercial and industrial, construction, residential first mortgage, paycheck protection program, home equity and life loans. the consumption.
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