Wall Street analysts expect The Bank of Princeton (NASDAQ:BPRN – Get Rating) to report $16.72 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for Bank of Princeton’s earnings, with the lowest sales estimate coming in at $15.97 million and the highest estimate coming in at $17.10 million. Bank of Princeton posted sales of $16.75 million in the same quarter last year, which would indicate a negative year over year growth rate of 0.2%. The business is expected to announce its next earnings report 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 year, analysts anticipate that the firm 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 that provide coverage for Bank of Princeton.
Bank of Princeton (NASDAQ:BPRN – Get Rating) last posted its quarterly earnings data on Thursday, April 21st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.09. The business had revenue of $16.90 million during the quarter, compared to the consensus estimate of $16.36 million.
Hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC increased its position in Bank of Princeton by 47.2% during the 4th quarter. Acadian Asset Management LLC now owns 54,421 shares of the company’s stock worth $1,595,000 after purchasing an additional 17,449 shares in the last quarter. BHZ Capital Management LP increased its position in Bank of Princeton by 10.5% in the 4th quarter. BHZ Capital Management LP now owns 76,437 shares of the company’s stock valued at $2,242,000 after acquiring an additional 7,266 shares during the period. First Republic Investment Management Inc. increased its position in Bank of Princeton by 2.9% in the 3rd quarter. First Republic Investment Management Inc. now owns 37,113 shares of the company’s stock valued at $1,109,000 after acquiring an additional 1,050 shares during the period. Dimensional Fund Advisors LP increased its position in Bank of Princeton by 20.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 61,667 shares of the company’s stock valued at $1,852,000 after acquiring an additional 10,484 shares during the period. Finally, Fourthstone LLC increased its position in Bank of Princeton by 48.4% in the 3rd quarter. Fourthstone LLC now owns 45,411 shares of the company’s stock valued at $1,356,000 after acquiring an additional 14,808 shares during the period.
NASDAQ BPRN opened at $28.89 on Friday. Bank of Princeton has a 12-month low of $27.65 and a 12-month high of $32.05. The firm has a 50-day moving average price of $29.15 and a two-hundred day moving average price of $29.72.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 27th. Investors of record on Friday, May 6th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date is Thursday, May 5th. Bank of Princeton’s dividend payout ratio is 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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