The Bank of Princeton (NASDAQ:BPRN) – Analysts at B. Riley lifted their Q4 2022 EPS estimates for shares of Bank of Princeton in a report issued on Wednesday, January 12th. B. Riley analyst S. Moss now anticipates that the company will post earnings of $0.73 per share for the quarter, up from their previous forecast of $0.70.
Bank of Princeton (NASDAQ:BPRN) last issued its earnings results on Friday, October 22nd. The company reported $0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.10. The firm had revenue of $17.43 million during the quarter, compared to analyst estimates of $15.97 million.
Shares of NASDAQ BPRN opened at $30.40 on Friday. Bank of Princeton has a fifty-two week low of $21.26 and a fifty-two week high of $31.31. The stock has a market cap of $205.50 million, a price-to-earnings ratio of 10.12 and a beta of 0.64. The firm’s 50-day simple moving average is $29.94 and its 200 day simple moving average is $29.90.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Alliancebernstein L.P. lifted its position in shares of Bank of Princeton by 5.3% during the 3rd quarter. Alliancebernstein L.P. now owns 336,535 shares of the company’s stock worth $10,052,000 after buying an additional 16,896 shares in the last quarter. Systematic Financial Management LP lifted its position in shares of Bank of Princeton by 24.5% during the 2nd quarter. Systematic Financial Management LP now owns 313,993 shares of the company’s stock worth $9,002,000 after buying an additional 61,727 shares in the last quarter. Millennium Management LLC bought a new position in shares of Bank of Princeton during the 2nd quarter worth approximately $2,565,000. Renaissance Technologies LLC lifted its position in shares of Bank of Princeton by 44.6% during the 2nd quarter. Renaissance Technologies LLC now owns 82,723 shares of the company’s stock worth $2,372,000 after buying an additional 25,500 shares in the last quarter. Finally, BHZ Capital Management LP lifted its position in shares of Bank of Princeton by 0.9% during the 3rd quarter. BHZ Capital Management LP now owns 69,171 shares of the company’s stock worth $2,066,000 after buying an additional 600 shares in the last quarter. 35.64% of the stock is currently owned by institutional investors and hedge funds.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 26th. Investors of record on Friday, November 5th were given a $0.18 dividend. The ex-dividend date of this dividend was Thursday, November 4th. This represents a $0.72 annualized dividend and a yield of 2.37%. Bank of Princeton’s payout ratio is 24.16%.
About Bank of Princeton
The Bank of Princeton engages in the provision of personal, business lending, and deposit services. It offers traditional retail banking solutions, one-to four-family residential mortgage loans, multi-family and commercial mortgage loans, construction loans, commercial business loans, and consumer loans including home equity loans and lines of credit.
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