Bank Of Princeton (NASDAQ:BPRN) Rating Increased to Hold at Zacks Investment Research

Bank Of Princeton (NASDAQ:BPRN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “The Bank of Princeton is a community bank which provides banking products and services. The company offers checking accounts, savings accounts, attorney trust accounts, money market accounts and certificates of deposit; and commercial real estate, commercial and industrial, construction, residential first-lien mortgage, home equity and consumer loans, as well as lines of credit. It operates primarily in New Jersey, Hamilton, Pennington, Montgomery, Monroe Township, Lambertville, New Brunswick, Lawrenceville. The Bank of Princeton is headquartered in Princeton, New Jersey. “

Other analysts have also issued reports about the company. TheStreet lowered Bank Of Princeton from a “b-” rating to a “c+” rating in a research note on Thursday, March 12th. B. Riley reissued a “neutral” rating and issued a $33.00 price target (up from $31.00) on shares of Bank Of Princeton in a research note on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average target price of $33.00.

Shares of BPRN traded up $0.25 during trading hours on Tuesday, reaching $22.50. 391 shares of the company traded hands, compared to its average volume of 12,072. The stock has a market capitalization of $152.59 million, a PE ratio of 15.31 and a beta of 0.79. Bank Of Princeton has a fifty-two week low of $19.09 and a fifty-two week high of $32.55. The stock has a fifty day simple moving average of $25.35 and a 200 day simple moving average of $28.82.

Bank Of Princeton (NASDAQ:BPRN) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.02). The company had revenue of $11.21 million during the quarter, compared to analyst estimates of $11.81 million. On average, equities analysts forecast that Bank Of Princeton will post 1.87 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Citigroup Inc. raised its holdings in shares of Bank Of Princeton by 45.4% in the 4th quarter. Citigroup Inc. now owns 1,153 shares of the company’s stock worth $36,000 after purchasing an additional 360 shares during the period. Barclays PLC raised its holdings in shares of Bank Of Princeton by 99.1% in the 4th quarter. Barclays PLC now owns 5,723 shares of the company’s stock worth $180,000 after purchasing an additional 2,849 shares during the period. UBS Group AG raised its holdings in shares of Bank Of Princeton by 21.5% during the 4th quarter. UBS Group AG now owns 7,954 shares of the company’s stock valued at $251,000 after buying an additional 1,409 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Bank Of Princeton by 2.3% during the 4th quarter. Bank of New York Mellon Corp now owns 31,018 shares of the company’s stock valued at $977,000 after buying an additional 694 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of Bank Of Princeton by 7.6% during the 4th quarter. Renaissance Technologies LLC now owns 52,523 shares of the company’s stock valued at $1,654,000 after buying an additional 3,700 shares during the period. Institutional investors own 37.07% of the company’s stock.

About Bank Of Princeton

The Bank of Princeton provides various banking products and services. The company accepts checking, savings, attorney trust, and money market accounts, as well as certificates of deposit. Its loan products include 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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