Zacks: Brokerages Expect Bank Of Princeton (BPRN) Will Post Earnings of $0.57 Per Share
Wall Street brokerages expect that Bank Of Princeton (NASDAQ:BPRN) will post earnings of $0.57 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Bank Of Princeton’s earnings. The lowest EPS estimate is $0.55 and the highest is $0.58. Bank Of Princeton posted earnings of $0.53 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 7.5%. The business is expected to announce its next quarterly earnings results on Thursday, July 25th.
On average, analysts expect that Bank Of Princeton will report full year earnings of $2.10 per share for the current financial year, with EPS estimates ranging from $1.94 to $2.25. For the next year, analysts anticipate that the firm will post earnings of $2.70 per share, with EPS estimates ranging from $2.60 to $2.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Bank Of Princeton.
Bank Of Princeton (NASDAQ:BPRN) last issued its quarterly earnings results on Monday, April 22nd. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.50). The company had revenue of $10.70 million for the quarter, compared to analysts’ expectations of $11.22 million.
Institutional investors have recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC acquired a new stake in shares of Bank Of Princeton in the first quarter worth $35,000. BNP Paribas Arbitrage SA increased its position in shares of Bank Of Princeton by 513.6% in the first quarter. BNP Paribas Arbitrage SA now owns 1,221 shares of the company’s stock worth $39,000 after acquiring an additional 1,022 shares in the last quarter. Bank of America Corp DE increased its position in shares of Bank Of Princeton by 18.4% in the fourth quarter. Bank of America Corp DE now owns 3,783 shares of the company’s stock worth $106,000 after acquiring an additional 588 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Bank Of Princeton by 199.9% in the third quarter. JPMorgan Chase & Co. now owns 4,538 shares of the company’s stock worth $139,000 after acquiring an additional 3,025 shares in the last quarter. Finally, Brinker Capital Inc. acquired a new stake in shares of Bank Of Princeton in the first quarter worth $207,000. 36.54% of the stock is owned by institutional investors.
BPRN stock traded up $0.88 on Friday, hitting $29.28. 164 shares of the company were exchanged, compared to its average volume of 8,273. Bank Of Princeton has a twelve month low of $26.77 and a twelve month high of $35.45. The firm has a market capitalization of $185.51 million, a price-to-earnings ratio of 13.68 and a beta of 0.42.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 10th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.41%. The ex-dividend date is Thursday, May 9th. Bank Of Princeton’s dividend payout ratio (DPR) is 5.61%.
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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