Analysts predict Bank of Princeton (NASDAQ: BPRN) to report quarterly sales of $ 16.41 million


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.

(A d)

Thanks to recent reorganization, acquisitions and strategic partnerships, a cannabis blockbuster in Seattle is set to experience massive expansion in the coming months. The value of this company’s shares could potentially skyrocket!

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.

See also: Expiration of the blocking period

Get a Free Copy of Zacks’ Bank of Princeton (BPRN) Research Report

For more information on Zacks Investment Research’s research offerings, visit

History and earnings estimates for Bank of Princeton (NASDAQ: BPRN)

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in Bank of Princeton right now?

Before you consider Bank of Princeton, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts are quietly asking their clients to buy now before the broader market takes hold of… and Bank of Princeton was not on the list.

While Bank of Princeton currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here


About Alma Ackerman

Check Also

Banco Santander (Brasil) SA (NYSE:BSBR) Receives Consensus Rating of “Hold” by Brokerages

Banco Santander (Brasil) SA (NYSE:BSBR) Receives Consensus Rating of “Hold” by Brokerages

Banco Santander (Brazil) SA (NYSE: BSBR – Get a rating) received an average rating of …