Princeton Bancorp (NASDAQ:BPRN) Upgraded at Zacks Research

Zacks Research upgraded shares of Princeton Bancorp (NASDAQ:BPRN) from a strong sell rating to a hold rating in a report released on Monday,Zacks.com reports.

A number of other analysts also recently issued reports on BPRN. Weiss Ratings upgraded shares of Princeton Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, January 23rd. Hovde Group raised their price target on shares of Princeton Bancorp from $35.00 to $37.50 and gave the stock a “market perform” rating in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.50.

Princeton Bancorp Trading Up 3.5%

BPRN stock opened at $35.81 on Monday. The company has a market cap of $243.51 million, a price-to-earnings ratio of 13.17 and a beta of 0.49. Princeton Bancorp has a 12 month low of $27.25 and a 12 month high of $37.99. The firm has a 50-day moving average of $34.72 and a two-hundred day moving average of $33.94.

Princeton Bancorp (NASDAQ:BPRN) last released its quarterly earnings data on Thursday, January 29th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.04). The business had revenue of $20.75 million for the quarter, compared to the consensus estimate of $21.03 million. As a group, equities analysts forecast that Princeton Bancorp will post 3.35 earnings per share for the current year.

Princeton Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 4th were issued a dividend of $0.35 per share. The ex-dividend date was Wednesday, February 4th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.9%. Princeton Bancorp’s dividend payout ratio (DPR) is currently 51.47%.

Institutional Trading of Princeton Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrature Capital Ltd purchased a new position in shares of Princeton Bancorp during the 4th quarter worth approximately $211,000. Millennium Management LLC raised its position in Princeton Bancorp by 54.6% in the fourth quarter. Millennium Management LLC now owns 13,779 shares of the company’s stock valued at $478,000 after purchasing an additional 4,868 shares during the period. First Manhattan CO. LLC. lifted its stake in Princeton Bancorp by 21.1% during the fourth quarter. First Manhattan CO. LLC. now owns 42,990 shares of the company’s stock worth $1,491,000 after purchasing an additional 7,500 shares in the last quarter. AQR Capital Management LLC lifted its stake in Princeton Bancorp by 43.1% during the fourth quarter. AQR Capital Management LLC now owns 12,577 shares of the company’s stock worth $436,000 after purchasing an additional 3,789 shares in the last quarter. Finally, Barclays PLC lifted its stake in Princeton Bancorp by 30.6% during the fourth quarter. Barclays PLC now owns 12,647 shares of the company’s stock worth $439,000 after purchasing an additional 2,961 shares in the last quarter. Institutional investors and hedge funds own 43.36% of the company’s stock.

Princeton Bancorp Company Profile

Princeton Bancorp, Inc is the bank holding company for Princeton Bank, a community-focused financial institution based in Princeton, New Jersey. Through its wholly owned subsidiary, the company offers a full suite of personal and business banking services designed to meet the needs of individuals, families and local enterprises in central and southern New Jersey.

The company’s core offerings include checking and savings accounts, consumer and commercial lending, mortgage origination and refinancing, as well as treasury management solutions for small-to-medium-sized businesses.