Princeton Bancorp (NASDAQ:BPRN) Raised to “Buy” at Janney Montgomery Scott

Princeton Bancorp (NASDAQ:BPRN) was upgraded by investment analysts at Janney Montgomery Scott from a “neutral” rating to a “buy” rating in a research report issued on Tuesday, Marketbeat.com reports. The firm currently has a $35.00 target price on the stock. Janney Montgomery Scott’s price objective indicates a potential upside of 2.94% from the stock’s previous close.

Separately, Hovde Group assumed coverage on Princeton Bancorp in a research note on Tuesday, November 19th. They issued a “market perform” rating and a $40.00 price objective for the company.

Princeton Bancorp Trading Up 4.9 %

NASDAQ BPRN opened at $34.00 on Tuesday. The firm’s 50 day simple moving average is $34.62 and its 200 day simple moving average is $35.98. The firm has a market capitalization of $232.90 million, a price-to-earnings ratio of 20.24 and a beta of 0.59. Princeton Bancorp has a 1 year low of $29.02 and a 1 year high of $39.35.

Princeton Bancorp (NASDAQ:BPRN) last released its earnings results on Tuesday, January 28th. The company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.11). On average, equities research analysts forecast that Princeton Bancorp will post 3.47 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of BPRN. Copeland Capital Management LLC bought a new stake in Princeton Bancorp in the third quarter valued at $47,000. Princeton Capital Management LLC acquired a new stake in shares of Princeton Bancorp in the 3rd quarter valued at about $215,000. Wilmington Savings Fund Society FSB bought a new stake in Princeton Bancorp in the 3rd quarter valued at about $222,000. GSA Capital Partners LLP acquired a new position in Princeton Bancorp during the 3rd quarter worth approximately $235,000. Finally, Global Wealth Management Investment Advisory Inc. acquired a new position in Princeton Bancorp during the 4th quarter worth approximately $235,000. 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.