Bank Of Princeton (NASDAQ:BPRN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
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. “
Several other research analysts also recently commented on BPRN. Boenning Scattergood reissued an “outperform” rating on shares of Bank Of Princeton in a report on Friday, June 29th. ValuEngine downgraded Bank Of Princeton from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Bank Of Princeton has an average rating of “Hold” and an average price target of $37.67.
Bank Of Princeton (NASDAQ:BPRN) last announced its 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 firm had revenue of $16.54 million during the quarter, compared to analyst estimates of $11.61 million. Research analysts anticipate that Bank Of Princeton will post 2.17 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the stock. Northern Trust Corp raised its position in Bank Of Princeton by 727.9% in the 2nd quarter. Northern Trust Corp now owns 55,393 shares of the company’s stock worth $1,842,000 after purchasing an additional 48,702 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Bank Of Princeton in the 2nd quarter worth approximately $595,000. BlackRock Inc. bought a new position in Bank Of Princeton in the 2nd quarter worth approximately $9,039,000. Schwab Charles Investment Management Inc. bought a new position in Bank Of Princeton in the 2nd quarter worth approximately $366,000. Finally, Systematic Financial Management LP raised its position in Bank Of Princeton by 91.4% in the 2nd quarter. Systematic Financial Management LP now owns 214,469 shares of the company’s stock worth $7,131,000 after purchasing an additional 102,429 shares during the last quarter. Hedge funds and other institutional investors own 34.09% 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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