Bank Of Princeton (BPRN) Upgraded at Zacks Investment Research

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Bank Of Princeton (NASDAQ:BPRN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The firm currently has a $38.00 price objective on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 9.23% from the stock’s previous close.

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. “

Separately, Boenning Scattergood reaffirmed an “outperform” rating on shares of Bank Of Princeton in a report on Friday, June 29th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $36.80.

Shares of Bank Of Princeton opened at $34.79 on Tuesday, according to MarketBeat.com. The stock has a market cap of $224.32 million and a price-to-earnings ratio of 17.66. Bank Of Princeton has a 12 month low of $29.43 and a 12 month high of $39.00.

Bank Of Princeton (NASDAQ:BPRN) last announced its earnings results on Thursday, April 26th. The company reported $0.52 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.52. The company had revenue of $10.68 million for the quarter, compared to analyst estimates of $11.23 million. equities analysts anticipate that Bank Of Princeton will post 2.3 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in the company. Banc Funds Co. LLC lifted its stake in shares of Bank Of Princeton by 3.1% in the 1st quarter. Banc Funds Co. LLC now owns 307,721 shares of the company’s stock valued at $10,616,000 after purchasing an additional 9,395 shares during the period. Millennium Management LLC lifted its stake in shares of Bank Of Princeton by 58.9% in the 1st quarter. Millennium Management LLC now owns 133,098 shares of the company’s stock valued at $4,591,000 after purchasing an additional 49,330 shares during the period. Systematic Financial Management LP acquired a new position in shares of Bank Of Princeton in the 1st quarter valued at about $3,865,000. FSI Group LLC lifted its stake in shares of Bank Of Princeton by 3.3% in the 1st quarter. FSI Group LLC now owns 105,774 shares of the company’s stock valued at $3,649,000 after purchasing an additional 3,393 shares during the period. Finally, Kennedy Capital Management Inc. acquired a new position in shares of Bank Of Princeton in the 4th quarter valued at about $1,464,000. 29.00% of the stock is currently owned by institutional investors.

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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