Zacks: Analysts Anticipate Bank Of Princeton (BPRN) Will Announce Earnings of $0.56 Per Share


Equities analysts expect Bank Of Princeton (NASDAQ:BPRN) to report $0.56 earnings per share for the current quarter, according to Zacks. Two analysts have provided estimates for Bank Of Princeton’s earnings. The highest EPS estimate is $0.56 and the lowest is $0.55. The company is scheduled to report its next earnings report on Thursday, July 26th.


On average, analysts expect that Bank Of Princeton will report full year earnings of $2.30 per share for the current year. For the next fiscal year, analysts anticipate that the company will post earnings of $2.68 per share, with EPS estimates ranging from $2.65 to $2.70. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Bank Of Princeton.

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Bank Of Princeton (NASDAQ:BPRN) last released its quarterly earnings results on Thursday, April 26th. The company reported $0.52 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.52. The business had revenue of $10.68 million during the quarter, compared to the consensus estimate of $11.23 million.


A number of research firms recently issued reports on BPRN. Zacks Investment Research raised Bank Of Princeton from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Tuesday, July 3rd. Boenning Scattergood reaffirmed an “outperform” rating on shares of Bank Of Princeton in a report on Friday, June 29th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $36.80.


Shares of Bank Of Princeton stock traded up $0.29 during trading on Monday, reaching $35.34. The company’s stock had a trading volume of 31,500 shares, compared to its average volume of 18,145. Bank Of Princeton has a one year low of $29.43 and a one year high of $39.00. The stock has a market capitalization of $231.31 million and a price-to-earnings ratio of 17.90.

A number of hedge funds have recently made changes to their positions in the stock. Millennium Management LLC increased its position in Bank Of Princeton by 3.0% in the fourth quarter. Millennium Management LLC now owns 83,768 shares of the company’s stock worth $2,877,000 after purchasing an additional 2,475 shares during the period. FSI Group LLC increased its position in Bank Of Princeton by 3.3% in the first quarter. FSI Group LLC now owns 105,774 shares of the company’s stock worth $3,649,000 after purchasing an additional 3,393 shares during the period. Royce & Associates LP increased its position in Bank Of Princeton by 2,788.3% in the fourth quarter. Royce & Associates LP now owns 5,199 shares of the company’s stock worth $179,000 after purchasing an additional 5,019 shares during the period. BlueCrest Capital Management Ltd acquired a new stake in Bank Of Princeton in the fourth quarter worth about $211,000. Finally, Northern Trust Corp acquired a new position in shares of Bank Of Princeton during the 1st quarter worth about $231,000. Hedge funds and other institutional investors own 29.00% of the company’s stock.


About Bank Of Princeton

The Bank of Princeton provides various banking products and services in the United States. The company offers checking accounts, savings accounts, attorney trust accounts, money market accounts, and certificates of deposit; and commercial real estate and multi-family, commercial and industrial, construction, residential first-lien mortgage, home equity, and consumer loans, as well as lines of credit.

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Earnings History and Estimates for Bank Of Princeton (NASDAQ:BPRN)