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

Princeton Bancorp (NASDAQ:BPRN) was upgraded by Janney Montgomery Scott from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Tuesday,Finviz reports. The brokerage presently has a $35.00 price target on the stock. Janney Montgomery Scott’s price objective points to a potential upside of 11.11% from the company’s previous close.

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

Princeton Bancorp Stock Performance

Shares of NASDAQ BPRN opened at $31.50 on Tuesday. The stock has a fifty day moving average of $34.83 and a 200-day moving average of $36.05. Princeton Bancorp has a fifty-two week low of $29.02 and a fifty-two week high of $39.35. The stock has a market cap of $215.78 million, a PE ratio of 18.75 and a beta of 0.59.

Princeton Bancorp (NASDAQ:BPRN) last released its quarterly 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, sell-side analysts predict that Princeton Bancorp will post 3.47 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Copeland Capital Management LLC bought a new stake in Princeton Bancorp in the 3rd quarter valued at $47,000. Princeton Capital Management LLC acquired a new stake in shares of Princeton Bancorp during the third 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 purchased a new stake in shares of Princeton Bancorp in the third quarter valued at about $235,000. Finally, Global Wealth Management Investment Advisory Inc. purchased a new position in shares of Princeton Bancorp in the 4th quarter worth about $235,000. 43.36% of the stock is currently owned by institutional investors and hedge funds.

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.