Bank Of Princeton (BPRN) Expected to Post Quarterly Sales of $11.48 Million

Analysts predict that Bank Of Princeton (NASDAQ:BPRN) will announce $11.48 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Bank Of Princeton’s earnings, with the lowest sales estimate coming in at $11.45 million and the highest estimate coming in at $11.50 million. Bank Of Princeton reported sales of $10.68 million during the same quarter last year, which would suggest a positive year over year growth rate of 7.5%. The business is scheduled to report its next quarterly earnings report on Thursday, April 25th.

According to Zacks, analysts expect that Bank Of Princeton will report full year sales of $49.06 million for the current financial year, with estimates ranging from $48.63 million to $49.50 million. For the next fiscal year, analysts expect that the firm will post sales of $54.94 million, with estimates ranging from $54.20 million to $55.69 million. Zacks’ sales calculations are an average based on a survey of research firms that follow Bank Of Princeton.

Bank Of Princeton (NASDAQ:BPRN) last announced its quarterly earnings data on Tuesday, January 29th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The firm had revenue of $10.91 million for the quarter, compared to the consensus estimate of $11.51 million.

Several analysts recently commented on BPRN shares. Zacks Investment Research raised shares of Bank Of Princeton from a “sell” rating to a “hold” rating in a report on Monday, December 3rd. ValuEngine raised shares of Bank Of Princeton from a “sell” rating to a “hold” rating in a report on Friday, January 4th. Boenning Scattergood reaffirmed a “buy” rating on shares of Bank Of Princeton in a report on Tuesday, February 5th. Finally, TheStreet raised shares of Bank Of Princeton from a “c” rating to a “b-” rating in a report on Monday, March 11th. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $35.67.

Shares of BPRN traded down $0.79 during midday trading on Wednesday, reaching $31.73. The stock had a trading volume of 23,437 shares, compared to its average volume of 7,995. The company has a market cap of $214.62 million, a PE ratio of 14.83 and a beta of 0.50. Bank Of Princeton has a one year low of $26.77 and a one year high of $35.45.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 28th. Investors of record on Friday, February 8th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.38%. The ex-dividend date was Thursday, February 7th. Bank Of Princeton’s payout ratio is 5.61%.

Several hedge funds have recently made changes to their positions in BPRN. Geode Capital Management LLC boosted its holdings in Bank Of Princeton by 5.1% in the 4th quarter. Geode Capital Management LLC now owns 57,638 shares of the company’s stock valued at $1,608,000 after purchasing an additional 2,779 shares during the period. Dimensional Fund Advisors LP bought a new stake in Bank Of Princeton in the 4th quarter valued at about $381,000. Context BH Capital Management LP boosted its holdings in Bank Of Princeton by 7.3% in the 4th quarter. Context BH Capital Management LP now owns 66,503 shares of the company’s stock valued at $1,855,000 after purchasing an additional 4,550 shares during the period. Bank of America Corp DE boosted its holdings in Bank Of Princeton by 18.4% in the 4th quarter. Bank of America Corp DE now owns 3,783 shares of the company’s stock valued at $106,000 after purchasing an additional 588 shares during the period. Finally, Roundview Capital LLC boosted its holdings in Bank Of Princeton by 190.9% in the 4th quarter. Roundview Capital LLC now owns 95,657 shares of the company’s stock valued at $2,669,000 after purchasing an additional 62,770 shares during the period. 36.21% of the stock is owned by institutional investors and hedge funds.

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

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