Analysts predict that The Bank of Princeton (NASDAQ:BPRN) will announce earnings per share of $0.78 for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for The Bank of Princeton’s earnings, with the highest EPS estimate coming in at $0.78 and the lowest estimate coming in at $0.77. The Bank of Princeton reported earnings per share of $0.52 in the same quarter last year, which suggests a positive year over year growth rate of 50%. The company is scheduled to issue its next quarterly earnings results on Thursday, October 28th.
According to Zacks, analysts expect that The Bank of Princeton will report full year earnings of $3.06 per share for the current financial year, with EPS estimates ranging from $3.02 to $3.10. For the next fiscal year, analysts forecast that the business will report earnings of $2.84 per share, with EPS estimates ranging from $2.80 to $2.90. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for The Bank of Princeton.
The Bank of Princeton (NASDAQ:BPRN) last issued its quarterly earnings results on Wednesday, July 21st. The company reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.01. The business had revenue of $16.75 million during the quarter, compared to the consensus estimate of $16.24 million.
Large investors have recently added to or reduced their stakes in the business. Millennium Management LLC bought a new stake in shares of The Bank of Princeton in the second quarter worth approximately $2,565,000. Royal Bank of Canada grew its stake in shares of The Bank of Princeton by 163.8% in the second quarter. Royal Bank of Canada now owns 3,044 shares of the company’s stock worth $87,000 after acquiring an additional 1,890 shares during the period. Tibra Equities Europe Ltd bought a new stake in shares of The Bank of Princeton in the second quarter worth approximately $341,000. Renaissance Technologies LLC grew its stake in shares of The Bank of Princeton by 44.6% in the second quarter. Renaissance Technologies LLC now owns 82,723 shares of the company’s stock worth $2,372,000 after acquiring an additional 25,500 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of The Bank of Princeton by 17.1% in the second quarter. Dimensional Fund Advisors LP now owns 51,183 shares of the company’s stock worth $1,467,000 after acquiring an additional 7,477 shares during the period. Institutional investors and hedge funds own 33.62% of the company’s stock.
Shares of The Bank of Princeton stock opened at $30.35 on Monday. The company has a 50-day moving average of $30.09 and a 200 day moving average of $29.21. The firm has a market cap of $205.17 million, a price-to-earnings ratio of 11.58 and a beta of 0.67. The Bank of Princeton has a 1 year low of $17.76 and a 1 year high of $31.31.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 27th. Shareholders of record on Friday, August 6th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, August 5th. This represents a $0.72 dividend on an annualized basis and a yield of 2.37%. The Bank of Princeton’s dividend payout ratio is currently 35.82%.
About The Bank of Princeton
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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