Zacks: Brokerages Expect Bank Of Princeton (BPRN) Will Post Quarterly Sales of $11.90 Million
Wall Street brokerages expect Bank Of Princeton (NASDAQ:BPRN) to report $11.90 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Bank Of Princeton’s earnings, with the lowest sales estimate coming in at $11.80 million and the highest estimate coming in at $12.00 million. Bank Of Princeton posted sales of $11.10 million during the same quarter last year, which would indicate a positive year over year growth rate of 7.2%. The firm is expected to issue its next quarterly earnings results on Tuesday, October 23rd.
According to Zacks, analysts expect that Bank Of Princeton will report full year sales of $46.04 million for the current year, with estimates ranging from $45.40 million to $46.67 million. For the next financial year, analysts forecast that the business will post sales of $52.39 million per share, with estimates ranging from $51.30 million to $53.47 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Bank Of Princeton.
Bank Of Princeton (NASDAQ:BPRN) last released its quarterly earnings results on Thursday, July 26th. The company reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.04). The company had revenue of $16.54 million during the quarter, compared to the consensus estimate of $11.61 million.
Bank Of Princeton stock traded down $0.03 during mid-day trading on Thursday, hitting $33.42. The company’s stock had a trading volume of 7,013 shares, compared to its average volume of 11,350. The company has a market capitalization of $220.75 million and a PE ratio of 17.79. Bank Of Princeton has a one year low of $29.43 and a one year high of $35.45.
Several large investors have recently modified their holdings of BPRN. Northern Trust Corp acquired a new stake in shares of Bank Of Princeton in the first quarter valued at $231,000. Acadian Asset Management LLC purchased a new position in shares of Bank Of Princeton during the 2nd quarter worth approximately $232,000. NJ State Employees Deferred Compensation Plan purchased a new position in shares of Bank Of Princeton during the 2nd quarter worth approximately $333,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of Bank Of Princeton in the 2nd quarter worth approximately $366,000. Finally, Tibra Equities Europe Ltd acquired a new stake in shares of Bank Of Princeton in the 1st quarter worth approximately $454,000. 27.51% of the stock is currently owned by hedge funds and other institutional investors.
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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