Hovde Group initiated coverage of Bank of Princeton with a rating of Market Perform and set a new price target of $40.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/19/2024 | $40.00 | Market Perform | Hovde Group |
| 12/21/2022 | Mkt Perform | Raymond James | |
| 6/15/2022 | $31.00 | Neutral | Janney |
| 6/14/2022 | $34.00 → $30.00 | Buy → Neutral | B. Riley Securities |
| 2/2/2022 | Outperform → Neutral | Boenning & Scattergood |
PRINCETON, N.J. and MOUNT LAUREL, N.J., Jan. 18, 2024 /PRNewswire/ -- Princeton Bancorp, Inc. (NASDAQ – BPRN), the parent company of The Bank of Princeton, Princeton, New Jersey, and Cornerstone Financial Corporation (OTC "CFIC") ("Cornerstone"), the parent company of Cornerstone Bank, Mount Laurel, New Jersey, jointly announced today that they have entered into a definitive agreement and plan of merger pursuant to which Princeton Bancorp will acquire Cornerstone in a transaction valued at approximately $17.9 million. Under the terms of the merger agreement, which has been approved by the boards of directors of both companies, Cornerstone will merge with, into and under the charter of Prince
Hovde Group initiated coverage of Bank of Princeton with a rating of Market Perform and set a new price target of $40.00
Raymond James initiated coverage of Bank of Princeton with a rating of Mkt Perform
Janney initiated coverage of Bank of Princeton with a rating of Neutral and set a new price target of $31.00
10-Q - Princeton Bancorp, Inc. (0001913971) (Filer)
8-K/A - Princeton Bancorp, Inc. (0001913971) (Filer)
8-K - Princeton Bancorp, Inc. (0001913971) (Filer)
4 - Princeton Bancorp, Inc. (0001913971) (Issuer)
4 - Princeton Bancorp, Inc. (0001913971) (Issuer)
3 - Princeton Bancorp, Inc. (0001913971) (Issuer)
Princeton Bancorp (NASDAQ:BPRN) reported quarterly earnings of $0.68 per share which beat the analyst consensus estimate of $0.65 by 4.62 percent. This is a 28.42 percent decrease over earnings of $0.95 per share from the same period last year.
Princeton Bancorp (NASDAQ:BPRN) reported quarterly earnings of $0.82 per share which beat the analyst consensus estimate of $0.77 by 6.49 percent. This is a 27.43 percent decrease over earnings of $1.13 per share from the same period last year.
Princeton Bancorp (NASDAQ:BPRN) has announced a merger with Cornerstone Financial (OTC:CFIC) that is expected to be completed in Q3 of 2024. Under the terms of the agreement, Princeton Bancorp has agreed to give Cornerstone Financial $17.90 million in in exchange for CFIC stock. Currently, neither company has disclosed whether the paymentwill be in cash or in stock. About The Companies Involved Princeton Bancorp Inc is a banking company. It is a full-service financial institution that provides business and personal banking. Cornerstone Financial Corp provides a range of lending, deposit, and financial products. It emphasizes commercial real estate and commercial lending to small businesses
PRINCETON, N.J., Oct. 29, 2024 /PRNewswire/ -- Princeton Bancorp, Inc. (the "Company") (NASDAQ - BPRN), the bank holding company for The Bank of Princeton (the "Bank"), today reported its unaudited financial condition and results of operations at and for the quarter and nine-months ended September 30, 2024. The Bank's third quarter was highlighted by the closing of the Cornerstone Bank acquisition. This acquisition will be immediately accretive to earnings with an expected 2.5 year earn back of tangible book value dilution. While the costs related to this acquisition naturally
PRINCETON, N.J., Oct. 22, 2024 /PRNewswire/ -- Princeton Bancorp, Inc. (the "Company") (NASDAQ – BPRN), the bank holding company for The Bank of Princeton (the "Bank") announced that its Board of Directors, at a meeting held on October 22, 2024, declared a cash dividend of $0.30 per share of the common stock of the Company. This dividend will be paid on November 28, 2024, to shareholders of record at the close of business on November 5, 2024. "This dividend reflects the Board of Director's continuing commitment in providing a return to shareholders," stated Edward Dietzler, President and CEO.
PRINCETON, N.J. , July 25, 2024 /PRNewswire/ -- Princeton Bancorp, Inc. (the "Company") (NASDAQ - BPRN), the bank holding company for The Bank of Princeton (the "Bank"), today reported its unaudited financial condition and results of operations at and for the quarter ended June 30, 2024. The Company also announced that it has received the necessary approvals from shareholders and all applicable regulatory authorities in connection with its acquisition of Cornerstone Financial Corporation, which is expected to close on August 23, 2024. President/CEO Edward Dietzler remarked on
PRINCETON, N.J., Oct. 29, 2024 /PRNewswire/ -- Princeton Bancorp, Inc. (the "Company") (NASDAQ - BPRN), the bank holding company for The Bank of Princeton (the "Bank"), today reported its unaudited financial condition and results of operations at and for the quarter and nine-months ended September 30, 2024. The Bank's third quarter was highlighted by the closing of the Cornerstone Bank acquisition. This acquisition will be immediately accretive to earnings with an expected 2.5 year earn back of tangible book value dilution. While the costs related to this acquisition naturally
PRINCETON, N.J., Oct. 22, 2024 /PRNewswire/ -- Princeton Bancorp, Inc. (the "Company") (NASDAQ – BPRN), the bank holding company for The Bank of Princeton (the "Bank") announced that its Board of Directors, at a meeting held on October 22, 2024, declared a cash dividend of $0.30 per share of the common stock of the Company. This dividend will be paid on November 28, 2024, to shareholders of record at the close of business on November 5, 2024. "This dividend reflects the Board of Director's continuing commitment in providing a return to shareholders," stated Edward Dietzler, President and CEO.
PRINCETON, N.J. , July 25, 2024 /PRNewswire/ -- Princeton Bancorp, Inc. (the "Company") (NASDAQ - BPRN), the bank holding company for The Bank of Princeton (the "Bank"), today reported its unaudited financial condition and results of operations at and for the quarter ended June 30, 2024. The Company also announced that it has received the necessary approvals from shareholders and all applicable regulatory authorities in connection with its acquisition of Cornerstone Financial Corporation, which is expected to close on August 23, 2024. President/CEO Edward Dietzler remarked on
4 - Princeton Bancorp, Inc. (0001913971) (Issuer)
4 - Princeton Bancorp, Inc. (0001913971) (Issuer)
4 - Princeton Bancorp, Inc. (0001913971) (Issuer)
SC 13G - Princeton Bancorp, Inc. (0001913971) (Subject)