Bank Of Princeton’s (BPRN) Neutral Rating Reaffirmed at B. Riley

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B. Riley reissued their neutral rating on shares of Bank Of Princeton (NASDAQ:BPRN) in a research report sent to investors on Tuesday morning, BenzingaRatingsTable reports. The firm currently has a $33.00 price target on the stock, up from their prior price target of $31.00. B. Riley also issued estimates for Bank Of Princeton’s Q1 2020 earnings at $0.45 EPS, Q2 2020 earnings at $0.49 EPS, Q3 2020 earnings at $0.53 EPS, Q4 2020 earnings at $0.53 EPS, FY2020 earnings at $2.00 EPS, Q1 2021 earnings at $0.52 EPS, Q2 2021 earnings at $0.53 EPS, Q3 2021 earnings at $0.57 EPS, Q4 2021 earnings at $0.59 EPS and FY2021 earnings at $2.20 EPS.

Several other research firms have also recently commented on BPRN. Zacks Investment Research cut Bank Of Princeton from a hold rating to a sell rating in a research note on Thursday, January 16th. TheStreet upgraded Bank Of Princeton from a c+ rating to a b- rating in a research note on Friday, December 13th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The company presently has an average rating of Hold and a consensus target price of $34.00.

Bank Of Princeton stock opened at $31.90 on Tuesday. The stock has a market cap of $208.48 million, a P/E ratio of 20.65 and a beta of 0.61. The stock has a 50 day moving average of $31.14 and a 200-day moving average of $29.18. Bank Of Princeton has a 52 week low of $25.92 and a 52 week high of $33.33.

Bank Of Princeton (NASDAQ:BPRN) last released its earnings results on Wednesday, January 29th. The company reported $0.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.02). The firm had revenue of $11.21 million during the quarter, compared to the consensus estimate of $11.81 million. Equities analysts forecast that Bank Of Princeton will post 2 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Thursday, February 6th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Wednesday, February 5th. Bank Of Princeton’s dividend payout ratio is currently 25.97%.

Several hedge funds have recently bought and sold shares of BPRN. Brinker Capital Inc. acquired a new stake in shares of Bank Of Princeton during the 3rd quarter valued at approximately $204,000. Renaissance Technologies LLC raised its position in shares of Bank Of Princeton by 7.6% during the 4th quarter. Renaissance Technologies LLC now owns 52,523 shares of the company’s stock valued at $1,654,000 after acquiring an additional 3,700 shares in the last quarter. State Street Corp raised its position in shares of Bank Of Princeton by 4.0% during the 4th quarter. State Street Corp now owns 85,973 shares of the company’s stock valued at $2,707,000 after acquiring an additional 3,331 shares in the last quarter. Barclays PLC raised its position in shares of Bank Of Princeton by 99.1% during the 4th quarter. Barclays PLC now owns 5,723 shares of the company’s stock valued at $180,000 after acquiring an additional 2,849 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Bank Of Princeton by 3.0% during the 2nd quarter. Northern Trust Corp now owns 59,105 shares of the company’s stock valued at $1,773,000 after acquiring an additional 1,744 shares in the last quarter. 37.39% of the stock is currently owned by institutional investors and hedge funds.

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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