$11.61 Million in Sales Expected for Bank Of Princeton (BPRN) This Quarter
Brokerages forecast that Bank Of Princeton (NASDAQ:BPRN) will announce $11.61 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Bank Of Princeton’s earnings. The highest sales estimate is $11.70 million and the lowest is $11.52 million. The firm is expected to announce its next earnings report on Thursday, July 26th.
According to Zacks, analysts expect that Bank Of Princeton will report full year sales of $46.64 million for the current financial year, with estimates ranging from $46.60 million to $46.67 million. For the next financial year, analysts forecast that the business will post sales of $52.64 million per share, with estimates ranging from $51.80 million to $53.47 million. Zacks’ sales calculations are an average based on a survey of research firms that follow Bank Of Princeton.
Bank Of Princeton (NASDAQ:BPRN) last issued its quarterly earnings data on Thursday, April 26th. The company reported $0.52 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.52. The company had revenue of $10.68 million for the quarter, compared to analyst estimates of $11.23 million.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC raised its position in shares of Bank Of Princeton by 58.9% in the first quarter. Millennium Management LLC now owns 133,098 shares of the company’s stock valued at $4,591,000 after buying an additional 49,330 shares in the last quarter. Tibra Equities Europe Ltd acquired a new stake in shares of Bank Of Princeton in the first quarter valued at approximately $454,000. Banc Funds Co. LLC raised its position in shares of Bank Of Princeton by 3.1% in the first quarter. Banc Funds Co. LLC now owns 307,721 shares of the company’s stock valued at $10,616,000 after buying an additional 9,395 shares in the last quarter. Northern Trust Corp acquired a new stake in shares of Bank Of Princeton in the first quarter valued at approximately $231,000. Finally, Systematic Financial Management LP acquired a new stake in shares of Bank Of Princeton in the first quarter valued at approximately $3,865,000. Institutional investors own 29.00% of the company’s stock.
Shares of BPRN stock opened at $34.79 on Wednesday. The company has a market cap of $219.43 million and a price-to-earnings ratio of 17.66. Bank Of Princeton has a 12-month low of $29.43 and a 12-month high of $39.00.
About 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 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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