$16.72 Million in Sales Expected for The Bank of Princeton (NASDAQ:BPRN) This Quarter

Analysts forecast that The Bank of Princeton (NASDAQ:BPRN – Get Rating) will announce sales of $16.72 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Bank of Princeton’s earnings, with estimates ranging from $15.97 million to $17.10 million. Bank of Princeton reported sales of $16.75 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 0.2%. The firm is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Bank of Princeton will report full-year sales of $66.69 million for the current fiscal year, with estimates ranging from $63.68 million to $69.20 million. For the next financial year, analysts forecast that the company will report sales of $68.35 million, with estimates ranging from $65.64 million to $73.30 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Bank of Princeton.

Bank of Princeton (NASDAQ:BPRN – Get Rating) last announced its quarterly earnings results on Thursday, April 21st. The company reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.09.

BPRN has been the topic of a number of research reports. Boenning Scattergood downgraded shares of Bank of Princeton from an “outperform” rating to a “neutral” rating in a report on Tuesday, February 1st. Piper Sandler lifted their price objective on Bank of Princeton from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Friday, April 22nd. Zacks Investment Research upgraded shares of Bank of Princeton from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a report on Thursday, January 13th. Finally, B. Riley cut their price objective on shares of Bank of Princeton from $37.00 to $34.00 in a report on Tuesday, April 12th.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Copeland Capital Management LLC purchased a new stake in shares of Bank of Princeton during the first quarter worth approximately $33,000. BlackRock Inc. lifted its position in Bank of Princeton by 72.3% during the fourth quarter. BlackRock Inc. now owns 54,402 shares of the company’s stock worth $1,596,000 after buying an additional 22,837 shares during the period. Susquehanna International Group LLP raised its holdings in shares of Bank of Princeton by 192.2% in the 4th quarter. Susquehanna International Group LLP now owns 23,258 shares of the company’s stock worth $682,000 after purchasing an additional 15,299 shares during the period. Marshall Wace LLP purchased a new position in shares of Bank of Princeton in the 4th quarter worth about $92,000. Finally, Millennium Management LLC raised its holdings in shares of Bank of Princeton by 5.7% in the 4th quarter. Millennium Management LLC now owns 59,154 shares of the company’s stock worth $1,735,000 after purchasing an additional 3,210 shares during the period. 35.64% of the stock is owned by hedge funds and other institutional investors.

Shares of BPRN stock opened at $30.02 on Friday. Bank of Princeton has a one year low of $27.65 and a one year high of $32.05. The company’s 50-day moving average is $29.23 and its 200 day moving average is $29.82.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 27th. Stockholders of record on Friday, May 6th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Thursday, May 5th. Bank of Princeton’s payout ratio is presently 28.49%.

About Bank of Princeton (Get Rating)

The Bank of Princeton provides various banking products and services. It accepts various deposit products, including checking, savings, attorney trust, and money market accounts, as well as certificates of deposit. The company also offers various loan products comprising commercial real estate and multi-family, commercial and industrial, construction, residential first-lien mortgage, paycheck protection program, home equity, and consumer loans.

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