Brokerages expect the Bank of Princeton (NASDAQ: BPRN) to report sales of $ 16.41 million for the current fiscal quarter, Zack reports. Three analysts made estimates for Bank of Princeton’s earnings. The highest sales estimate is $ 16.83 million and the lowest is $ 16.00 million. Bank of Princeton reported sales of $ 14.74 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.3%. The company is expected to release its next quarterly earnings report on Thursday, January 27.
On average, analysts expect Bank of Princeton to report annual revenue of $ 66.18 million for the current fiscal year, with estimates ranging from $ 65.70 million to $ 66.63. millions of dollars. For next year, analysts predict the company will post sales of $ 62.09 million, with estimates ranging from $ 61.46 million to $ 62.40 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts who follow Bank of Princeton.
Bank of Princeton (NASDAQ: BPRN) last released its quarterly results on Friday, October 22. The company reported earnings per share (EPS) of $ 0.88 for the quarter, beating the Zacks’ consensus estimate of $ 0.78 by $ 0.10. The company posted revenue of $ 17.43 million in the quarter, compared to analysts’ estimates of $ 15.97 million.
Separately, Zacks investment research upgraded Bank of Princeton from a “hold” rating to a “buy” rating and set a price target of $ 34.00 on the stock in a research report released on Monday, October 25.
Large investors have recently bought and sold shares in the company. Susquehanna Fundamental Investments LLC purchased a new stake in Bank of Princeton in the second quarter valued at $ 688,000. Systematic Financial Management LP increased its position in Bank of Princeton by 24.5% in the second quarter. Systematic Financial Management LP now owns 313,993 shares of the company valued at $ 9,002,000 after purchasing an additional 61,727 shares during the period. Fourthstone LLC purchased a new stake in Bank of Princeton in the second quarter valued at $ 878,000. Alliancebernstein LP increased its position in Bank of Princeton by 32.7% in the second quarter. Alliancebernstein LP now owns 319,639 shares of the company valued at $ 9,164,000 after purchasing an additional 78,772 shares during the period. Finally, Ergoteles LLC purchased a new stake in Bank of Princeton in the second quarter valued at $ 413,000. Institutional investors hold 33.62% of the shares of the company.
Bank of Princeton shares opened at $ 29.75 on Thursday. Bank of Princeton has a one-year low of $ 21.26 and a one-year high of $ 31.31. The company has a market cap of $ 201.11 million, a price-to-earnings ratio of 9.98 and a beta of 0.65. The company’s 50-day mobile average price is $ 30.12, and its 200-day mobile average price is $ 29.81.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 26. Investors registered on Friday, November 5 received a dividend of $ 0.18 per share. The ex-dividend date was Thursday, November 4. This represents a dividend of $ 0.72 on an annualized basis and a return of 2.42%. The Bank of Princeton’s payout ratio is 24.16%.
Princeton Bank Company Profile
The Bank of Princeton provides personal, business and deposit loan services. It offers traditional retail banking solutions, residential mortgages for one to four families, multi-family and commercial mortgages, construction loans, commercial loans and consumer loans, including home equity loans and lines of credit.
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