Royce & Associates LP Invests $2.03 Million in The Bank of Princeton (NASDAQ:BPRN)

Royce & Associates LP bought a new position in The Bank of Princeton (NASDAQ:BPRN – Get Rating) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 70,239 shares of the company’s stock, valued at approximately $2,026,000.

Several other large investors have also recently modified their holdings of the business. Russell Investments Group Ltd. purchased a new position in shares of Bank of Princeton in the fourth quarter worth about $25,000. Copeland Capital Management LLC purchased a new position in Bank of Princeton during the first quarter valued at approximately $33,000. Dimensional Fund Advisors LP grew its stake in Bank of Princeton by 4.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 64,598 shares of the company’s stock valued at $1,895,000 after acquiring an additional 2,931 shares in the last quarter. BHZ Capital Management LP grew its stake in Bank of Princeton by 10.5% during the fourth 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 in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Bank of Princeton during the fourth quarter valued at approximately $255,000.

Analysts Set New Price Targets

Several equities analysts recently commented on BPRN shares. Piper Sandler boosted their price objective on shares of Bank of Princeton from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Friday, April 22nd. Janney Montgomery Scott started coverage on shares of Bank of Princeton in a research note on Wednesday, June 15th. They set a “neutral” rating and a $31.00 price objective for the company. Finally, B. Riley cut shares of Bank of Princeton from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $34.00 to $30.00 in a research note on Tuesday, June 14th.

Bank of Princeton Trading Up 0.1 %

Shares of Bank of Princeton stock opened at $28.39 on Friday. The Bank of Princeton has a 1 year low of $26.57 and a 1 year high of $32.05. The company has a 50 day simple moving average of $28.24 and a two-hundred day simple moving average of $29.10.

Bank of Princeton (NASDAQ:BPRN – Get Rating) last announced its earnings results on Thursday, July 21st. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.05. As a group, equities research analysts expect that The Bank of Princeton will post 3.92 EPS for the current year.

Bank of Princeton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, August 5th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, August 4th. This represents a $1.00 annualized dividend and a yield of 3.52%. Bank of Princeton’s payout ratio is presently 27.10%.

Bank of Princeton Company Profile

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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.