Zacks: Analysts Set $37.00 Price Target for The Bank of Princeton (BPRN)

Shares of The Bank of Princeton (NASDAQ:BPRN) have been given a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.

Brokers have set a 12 month consensus price target of $37.00 for the company and are expecting that the company will post $0.53 earnings per share for the current quarter, according to Zacks. Zacks has also given The Bank of Princeton an industry rank of 26 out of 265 based on the ratings given to its competitors.

A number of research firms recently issued reports on BPRN. Zacks Investment Research upgraded 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. B. Riley restated a “buy” rating and set a $37.00 price objective on shares of The Bank of Princeton in a report on Tuesday, December 26th. FBR & Co restated a “buy” rating on shares of The Bank of Princeton in a report on Thursday, October 26th. Finally, Boenning Scattergood began coverage on The Bank of Princeton in a report on Friday, October 13th. They set an “outperform” rating for the company.

Shares of The Bank of Princeton (NASDAQ:BPRN) traded up $0.17 during trading on Friday, hitting $32.97. The stock had a trading volume of 13,714 shares, compared to its average volume of 7,686. The Bank of Princeton has a 12-month low of $29.43 and a 12-month high of $39.00.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Context BH Capital Management LP bought a new stake in The Bank of Princeton during the 3rd quarter valued at $718,000. Wells Fargo & Company MN bought a new stake in The Bank of Princeton during the 3rd quarter valued at $325,000. Finally, EJF Capital LLC bought a new stake in The Bank of Princeton during the 3rd quarter valued at $14,555,000. Institutional investors own 24.38% of the company’s stock.

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The Bank of Princeton Company Profile

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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