Princeton Bancorp (NASDAQ:BPRN) Upgraded at Janney Montgomery Scott

Princeton Bancorp (NASDAQ:BPRN) was upgraded by analysts at Janney Montgomery Scott from a “neutral” rating to a “buy” rating in a research note issued on Tuesday,Finviz reports. The brokerage currently has a $35.00 target price on the stock. Janney Montgomery Scott’s price objective would suggest a potential upside of 11.11% from the stock’s previous close.

Separately, Hovde Group assumed coverage on shares of Princeton Bancorp in a report on Tuesday, November 19th. They set a “market perform” rating and a $40.00 target price for the company.

Princeton Bancorp Trading Up 3.2 %

Shares of BPRN stock opened at $31.50 on Tuesday. The company has a market capitalization of $215.78 million, a PE ratio of 18.75 and a beta of 0.59. The firm has a fifty day simple moving average of $34.83 and a 200-day simple moving average of $36.05. Princeton Bancorp has a twelve month low of $29.02 and a twelve month high of $39.35.

Princeton Bancorp (NASDAQ:BPRN) last posted its earnings results on Tuesday, January 28th. The company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.11). Equities research analysts predict that Princeton Bancorp will post 3.47 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BPRN. Banc Funds Co. LLC raised its stake in Princeton Bancorp by 10.3% during the 3rd quarter. Banc Funds Co. LLC now owns 340,716 shares of the company’s stock worth $12,600,000 after buying an additional 31,700 shares during the period. Systematic Financial Management LP lifted its stake in shares of Princeton Bancorp by 11.1% during the 3rd quarter. Systematic Financial Management LP now owns 318,772 shares of the company’s stock valued at $11,788,000 after buying an additional 31,777 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Princeton Bancorp by 9.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 113,090 shares of the company’s stock worth $3,742,000 after acquiring an additional 9,990 shares during the period. Geode Capital Management LLC raised its holdings in shares of Princeton Bancorp by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 113,001 shares of the company’s stock valued at $4,179,000 after acquiring an additional 3,078 shares in the last quarter. Finally, State Street Corp grew its position in Princeton Bancorp by 1.0% in the third quarter. State Street Corp now owns 70,670 shares of the company’s stock worth $2,613,000 after acquiring an additional 733 shares in the last quarter. Institutional investors and hedge funds own 43.36% of the company’s stock.

Princeton Bancorp Company Profile

Princeton Bancorp, Inc operates as the bank holding company for The Bank of Princeton that provides various banking products and services. It accepts various deposit products, including checking, savings, attorney trust, and money market accounts, as well as certificates of deposit. The company also offers traditional retail banking services, one-to-four-family residential mortgage loans, multi-family and commercial mortgage loans, construction loans, and commercial business loans, as well as consumer loans, including home equity loans and lines of credit.