Acadian Asset Management LLC boosted its holdings in Bank Of Princeton (NASDAQ:BPRN) by 99.0% in the first quarter, HoldingsChannel reports. The institutional investor owned 15,219 shares of the company’s stock after purchasing an additional 7,570 shares during the quarter. Acadian Asset Management LLC’s holdings in Bank Of Princeton were worth $483,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of BPRN. Vanguard Group Inc. increased its stake in shares of Bank Of Princeton by 12.4% in the third quarter. Vanguard Group Inc. now owns 280,947 shares of the company’s stock valued at $8,581,000 after buying an additional 31,076 shares during the period. Rhumbline Advisers acquired a new stake in shares of Bank Of Princeton in the fourth quarter valued at about $224,000. Monarch Partners Asset Management LLC increased its stake in shares of Bank Of Princeton by 7.4% in the fourth quarter. Monarch Partners Asset Management LLC now owns 24,641 shares of the company’s stock valued at $687,000 after buying an additional 1,693 shares during the period. BlackRock Inc. increased its stake in shares of Bank Of Princeton by 2.8% in the fourth quarter. BlackRock Inc. now owns 291,090 shares of the company’s stock valued at $8,120,000 after buying an additional 8,032 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Bank Of Princeton by 65.3% in the fourth quarter. Bank of New York Mellon Corp now owns 30,870 shares of the company’s stock valued at $861,000 after buying an additional 12,197 shares during the period. Institutional investors and hedge funds own 36.46% of the company’s stock.
Several brokerages have recently weighed in on BPRN. TheStreet cut Bank Of Princeton from a “b” rating to a “c+” rating in a research note on Thursday, April 25th. Sandler O’Neill cut Bank Of Princeton from a “buy” rating to a “hold” rating and set a $33.00 price target for the company. in a research note on Tuesday, April 23rd. B. Riley reissued a “neutral” rating on shares of Bank Of Princeton in a research note on Wednesday, April 10th. Boenning Scattergood cut Bank Of Princeton from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 24th. Finally, Zacks Investment Research cut Bank Of Princeton from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Five research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average price target of $34.00.
NASDAQ BPRN opened at $28.75 on Thursday. Bank Of Princeton has a one year low of $26.77 and a one year high of $35.45. The company has a market cap of $190.08 million, a P/E ratio of 13.43 and a beta of 0.49.
Bank Of Princeton (NASDAQ:BPRN) last released its 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 during the quarter, compared to analyst estimates of $11.22 million. Analysts forecast that Bank Of Princeton will post 1.85 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 10th were paid a dividend of $0.03 per share. The ex-dividend date was Thursday, May 9th. This represents a $0.12 annualized dividend and a yield of 0.42%. Bank Of Princeton’s dividend payout ratio is currently 5.61%.
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Bank Of Princeton Company Profile
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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