Zacks Investment Research upgraded shares of Bank Of Princeton (NASDAQ:BPRN) from a sell rating to a hold rating in a research note published on Monday morning.

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. “

Several other equities analysts have also commented on the company. B. Riley lowered their price objective on Bank Of Princeton from $36.00 to $32.00 and set a hold rating for the company in a research report on Monday, November 5th. ValuEngine lowered Bank Of Princeton from a hold rating to a sell rating in a research report on Thursday, November 1st. Finally, Boenning Scattergood reissued a buy rating on shares of Bank Of Princeton in a research report on Friday, October 26th.

Shares of Bank Of Princeton stock opened at $29.16 on Monday. The firm has a market cap of $192.44 million, a price-to-earnings ratio of 14.80 and a beta of 0.23. Bank Of Princeton has a 12 month low of $26.77 and a 12 month high of $35.45.

Bank Of Princeton (NASDAQ:BPRN) last announced its quarterly earnings data on Thursday, October 25th. The company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The firm had revenue of $11.19 million for the quarter, compared to analysts’ expectations of $11.67 million. As a group, equities research analysts forecast that Bank Of Princeton will post 2.15 EPS for the current fiscal year.

The company also recently disclosed a Not Available dividend, which was paid on Friday, November 23rd. Shareholders of record on Monday, November 5th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, November 2nd. Bank Of Princeton’s dividend payout ratio is currently 6.09%.

Several large investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in shares of Bank Of Princeton by 199.9% during the third quarter. JPMorgan Chase & Co. now owns 4,538 shares of the company’s stock valued at $139,000 after acquiring an additional 3,025 shares in the last quarter. Monarch Partners Asset Management LLC increased its holdings in shares of Bank Of Princeton by 18.5% during the second quarter. Monarch Partners Asset Management LLC now owns 22,948 shares of the company’s stock valued at $763,000 after acquiring an additional 3,580 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Bank Of Princeton during the second quarter valued at $232,000. NJ State Employees Deferred Compensation Plan bought a new position in shares of Bank Of Princeton during the second quarter valued at $333,000. Finally, Schwab Charles Investment Management Inc. bought a new position in shares of Bank Of Princeton during the second quarter valued at $366,000. Hedge funds and other institutional investors own 34.91% 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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