$12.35 Million in Sales Expected for Bank Of Princeton (NASDAQ:BPRN) This Quarter

Analysts expect Bank Of Princeton (NASDAQ:BPRN) to post sales of $12.35 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Bank Of Princeton’s earnings, with estimates ranging from $12.30 million to $12.40 million. Bank Of Princeton posted sales of $11.19 million in the same quarter last year, which suggests a positive year-over-year growth rate of 10.4%. The firm is expected to announce its next quarterly earnings report on Thursday, October 24th.

On average, analysts expect that Bank Of Princeton will report full year sales of $46.98 million for the current financial year, with estimates ranging from $46.80 million to $47.16 million. For the next year, analysts anticipate that the company will post sales of $54.11 million, with estimates ranging from $53.70 million to $54.52 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Bank Of Princeton.

Bank Of Princeton (NASDAQ:BPRN) last issued its earnings results on Thursday, July 25th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.05). The company had revenue of $11.09 million for the quarter, compared to the consensus estimate of $11.45 million.

A number of brokerages have recently commented on BPRN. B. Riley dropped their target price on shares of Bank Of Princeton from $32.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday. Zacks Investment Research upgraded Bank Of Princeton from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th. Five equities research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average price target of $33.25.

Bank Of Princeton stock traded down $0.02 during mid-day trading on Tuesday, reaching $26.75. 601 shares of the company traded hands, compared to its average volume of 4,148. The firm’s 50 day moving average price is $27.19 and its 200 day moving average price is $29.59. The firm has a market capitalization of $176.54 million, a price-to-earnings ratio of 12.50 and a beta of 0.56. Bank Of Princeton has a 52-week low of $25.92 and a 52-week high of $33.33.

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 9th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend was Thursday, August 8th. Bank Of Princeton’s payout ratio is 5.61%.

A number of institutional investors have recently added to or reduced their stakes in BPRN. Cambridge Investment Research Advisors Inc. purchased a new position in Bank Of Princeton during the 2nd quarter valued at about $794,000. Northern Trust Corp lifted its holdings in shares of Bank Of Princeton by 3.0% in the 2nd quarter. Northern Trust Corp now owns 59,105 shares of the company’s stock worth $1,773,000 after acquiring an additional 1,744 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Bank Of Princeton by 22.5% in the 2nd quarter. Renaissance Technologies LLC now owns 43,623 shares of the company’s stock worth $1,309,000 after acquiring an additional 8,019 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Bank Of Princeton by 7.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 13,417 shares of the company’s stock worth $403,000 after acquiring an additional 896 shares during the last quarter. Finally, Context BH Capital Management LP lifted its holdings in shares of Bank Of Princeton by 12.3% in the 2nd quarter. Context BH Capital Management LP now owns 76,864 shares of the company’s stock worth $2,306,000 after acquiring an additional 8,423 shares during the last quarter. 36.17% of the stock is owned by institutional investors.

Bank Of Princeton Company Profile

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

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