Systematic Financial Management LP Buys 11,552 Shares of Bank Of Princeton (BPRN)

Systematic Financial Management LP increased its stake in shares of Bank Of Princeton (NASDAQ:BPRN) by 4.3% during the 1st quarter, HoldingsChannel reports. The fund owned 280,440 shares of the company’s stock after purchasing an additional 11,552 shares during the period. Systematic Financial Management LP’s holdings in Bank Of Princeton were worth $8,898,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Bank Of Princeton by 4.1% in the 3rd quarter. BlackRock Inc. now owns 283,058 shares of the company’s stock valued at $8,645,000 after purchasing an additional 11,224 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Bank Of Princeton by 12.4% in the 3rd quarter. Vanguard Group Inc. now owns 280,947 shares of the company’s stock valued at $8,581,000 after purchasing an additional 31,076 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Bank Of Princeton by 199.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,538 shares of the company’s stock valued at $139,000 after purchasing an additional 3,025 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Bank Of Princeton by 15.1% in the 4th quarter. Acadian Asset Management LLC now owns 7,649 shares of the company’s stock valued at $214,000 after purchasing an additional 1,001 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Bank Of Princeton in the 3rd quarter valued at approximately $684,000. 36.32% of the stock is currently owned by hedge funds and other institutional investors.

Shares of BPRN stock traded up $0.69 on Tuesday, hitting $28.80. 1 shares of the stock traded hands, compared to its average volume of 9,186. The firm has a market cap of $185.53 million, a P/E ratio of 13.32 and a beta of 0.42. Bank Of Princeton has a 1-year low of $26.77 and a 1-year high of $35.45.

Bank Of Princeton (NASDAQ:BPRN) last posted its quarterly earnings results on Monday, April 22nd. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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. On average, equities research analysts forecast that Bank Of Princeton will post 2.1 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 10th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Thursday, May 9th. Bank Of Princeton’s dividend payout ratio is currently 5.61%.

A number of equities analysts have issued reports on BPRN shares. Boenning Scattergood reaffirmed a “buy” rating on shares of Bank Of Princeton in a research report on Tuesday, February 5th. Sandler O’Neill lowered Bank Of Princeton from a “buy” rating to a “hold” rating and set a $33.00 target price on the stock. in a research report on Tuesday, April 23rd. TheStreet raised Bank Of Princeton from a “c” rating to a “b-” rating in a research report on Monday, March 11th. Zacks Investment Research raised Bank Of Princeton from a “hold” rating to a “strong-buy” rating and set a $36.00 price target on the stock in a research report on Friday, February 8th. Finally, B. Riley reissued a “neutral” rating on shares of Bank Of Princeton in a research report on Wednesday, April 10th. Five analysts have rated the stock with a hold rating, Bank Of Princeton currently has an average rating of “Hold” and an average price target of $34.25.

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Bank Of Princeton 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.

Further Reading: Strangles

Want to see what other hedge funds are holding BPRN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank Of Princeton (NASDAQ:BPRN).

Institutional Ownership by Quarter for Bank Of Princeton (NASDAQ:BPRN)

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