Princeton Bancorp (NASDAQ:BPRN) Upgraded at Zacks Research

Princeton Bancorp (NASDAQ:BPRN) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

BPRN has been the subject of a number of other research reports. Hovde Group upped their target price on shares of Princeton Bancorp from $35.00 to $37.50 and gave the stock a “market perform” rating in a report on Tuesday, February 3rd. Weiss Ratings raised shares of Princeton Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Princeton Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $37.50.

Princeton Bancorp Stock Down 0.1%

Princeton Bancorp stock opened at $34.60 on Monday. Princeton Bancorp has a 52-week low of $27.25 and a 52-week high of $37.99. The firm has a market capitalization of $235.14 million, a price-to-earnings ratio of 12.72 and a beta of 0.49. The company has a fifty day simple moving average of $34.73 and a 200-day simple moving average of $33.92.

Princeton Bancorp (NASDAQ:BPRN) last released its earnings results on Thursday, January 29th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.04). The firm had revenue of $20.75 million for the quarter, compared to analyst estimates of $21.03 million. On average, research analysts anticipate that Princeton Bancorp will post 3.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Princeton Bancorp by 14.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,360 shares of the company’s stock valued at $103,000 after acquiring an additional 431 shares during the last quarter. Geode Capital Management LLC lifted its position in Princeton Bancorp by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 127,621 shares of the company’s stock valued at $4,428,000 after buying an additional 659 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Princeton Bancorp by 14.9% in the third quarter. JPMorgan Chase & Co. now owns 6,863 shares of the company’s stock valued at $219,000 after buying an additional 892 shares during the last quarter. Empowered Funds LLC lifted its position in Princeton Bancorp by 3.6% in the first quarter. Empowered Funds LLC now owns 33,941 shares of the company’s stock valued at $1,037,000 after buying an additional 1,169 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in Princeton Bancorp by 584.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,191 shares of the company’s stock valued at $67,000 after buying an additional 1,871 shares during the last quarter. Institutional investors and hedge funds own 43.36% of the company’s stock.

Princeton Bancorp Company Profile

Princeton Bancorp, Inc is the bank holding company for Princeton Bank, a community-focused financial institution based in Princeton, New Jersey. Through its wholly owned subsidiary, the company offers a full suite of personal and business banking services designed to meet the needs of individuals, families and local enterprises in central and southern New Jersey.

The company’s core offerings include checking and savings accounts, consumer and commercial lending, mortgage origination and refinancing, as well as treasury management solutions for small-to-medium-sized businesses.