Bank Of Princeton (BPRN) Rating Increased to Hold at ValuEngine
Bank Of Princeton (NASDAQ:BPRN) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
BPRN has been the subject of several other research reports. Zacks Investment Research downgraded Bank Of Princeton from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Boenning Scattergood reiterated an “outperform” rating on shares of Bank Of Princeton in a research report on Friday, June 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $37.67.
Shares of BPRN opened at $30.87 on Thursday. Bank Of Princeton has a 52-week low of $30.03 and a 52-week high of $35.45. The firm has a market capitalization of $201.55 million, a price-to-earnings ratio of 15.67 and a beta of -0.37.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Monarch Partners Asset Management LLC raised its position in shares of Bank Of Princeton by 18.5% during the second quarter. Monarch Partners Asset Management LLC now owns 22,948 shares of the company’s stock worth $763,000 after acquiring an additional 3,580 shares during the last quarter. Northern Trust Corp bought a new stake in shares of Bank Of Princeton during the first quarter worth $231,000. Acadian Asset Management LLC bought a new stake in shares of Bank Of Princeton during the second quarter worth $232,000. NJ State Employees Deferred Compensation Plan bought a new stake in shares of Bank Of Princeton during the second quarter worth $333,000. Finally, Schwab Charles Investment Management Inc. bought a new stake in shares of Bank Of Princeton during the second quarter worth $366,000. Hedge funds and other institutional investors own 34.09% of the company’s stock.
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 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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