The Bank of Princeton (NASDAQ:BPRN) – B. Riley dropped their FY2017 earnings estimates for The Bank of Princeton in a report released on Thursday. B. Riley analyst S. Moss now anticipates that the company will post earnings per share of $2.00 for the year, down from their prior estimate of $2.26. B. Riley currently has a “Neutral” rating and a $36.00 price objective on the stock. B. Riley also issued estimates for The Bank of Princeton’s Q1 2018 earnings at $0.49 EPS, Q3 2018 earnings at $0.62 EPS, Q1 2019 earnings at $0.60 EPS, Q2 2019 earnings at $0.66 EPS, Q3 2019 earnings at $0.71 EPS, Q4 2019 earnings at $0.72 EPS and FY2019 earnings at $2.70 EPS.
A number of other research analysts have also recently weighed in on BPRN. Boenning Scattergood restated a “buy” rating and issued a $35.75 price objective on shares of The Bank of Princeton in a report on Friday, October 13th. FBR & Co restated a “buy” rating on shares of The Bank of Princeton in a report on Thursday, October 26th. Finally, Zacks Investment Research upgraded shares of The Bank of Princeton from a “hold” rating to a “strong-buy” rating and set a $40.00 price objective for the company in a report on Friday, December 22nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $36.95.
The Bank of Princeton (NASDAQ:BPRN) opened at $32.97 on Friday. The Bank of Princeton has a twelve month low of $29.43 and a twelve month high of $39.00.
A number of institutional investors have recently modified their holdings of the stock. EJF Capital LLC purchased a new position in The Bank of Princeton in the third quarter worth approximately $14,555,000. Context BH Capital Management LP purchased a new position in The Bank of Princeton in the third quarter worth approximately $718,000. Finally, Wells Fargo & Company MN purchased a new position in The Bank of Princeton in the third quarter worth approximately $325,000. Institutional investors own 24.38% of the company’s stock.
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About The 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, commercial and industrial, construction, residential first-lien mortgage, home equity, and consumer loans, as well as lines of credit.
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