Analysts Set Expectations for The Bank of Princeton’s Q4 2022 Earnings (NASDAQ:BPRN)

The Bank of Princeton (NASDAQ:BPRN) – Research analysts at B. Riley lifted their Q4 2022 earnings estimates for Bank of Princeton in a note issued to investors on Wednesday, January 12th. B. Riley analyst S. Moss now expects that the company will post earnings per share of $0.73 for the quarter, up from their previous estimate of $0.70.

Bank of Princeton (NASDAQ:BPRN) last posted its quarterly earnings data on Friday, October 22nd. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.10. The company had revenue of $17.43 million for the quarter, compared to the consensus estimate of $15.97 million.

Separately, Zacks Investment Research upgraded shares of Bank of Princeton from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Thursday.

Shares of NASDAQ BPRN opened at $30.40 on Friday. The stock has a market capitalization of $205.50 million, a P/E ratio of 10.12 and a beta of 0.64. Bank of Princeton has a 1 year low of $21.26 and a 1 year high of $31.31. The company’s 50-day moving average is $29.94 and its 200 day moving average is $29.90.

Institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley lifted its holdings in Bank of Princeton by 16.4% during the 1st quarter. Morgan Stanley now owns 10,583 shares of the company’s stock valued at $303,000 after buying an additional 1,488 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Bank of Princeton during the 2nd quarter valued at about $688,000. Systematic Financial Management LP increased its position in Bank of Princeton by 24.5% during the 2nd quarter. Systematic Financial Management LP now owns 313,993 shares of the company’s stock valued at $9,002,000 after purchasing an additional 61,727 shares during the period. Ergoteles LLC purchased a new position in Bank of Princeton during the 2nd quarter valued at about $413,000. Finally, Dimensional Fund Advisors LP increased its position in Bank of Princeton by 17.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 51,183 shares of the company’s stock valued at $1,467,000 after purchasing an additional 7,477 shares during the period. Hedge funds and other institutional investors own 35.64% of the company’s stock.

The company also recently announced a quarterly dividend, which was paid on Friday, November 26th. Stockholders of record on Friday, November 5th were issued a $0.18 dividend. The ex-dividend date of this dividend was Thursday, November 4th. This represents a $0.72 annualized dividend and a dividend yield of 2.37%. Bank of Princeton’s dividend payout ratio (DPR) is presently 24.16%.

Bank of Princeton Company Profile

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

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