Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Martin Tuchman Buys 431 Shares

Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Martin Tuchman bought 431 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The shares were acquired at an average cost of $30.85 per share, for a total transaction of $13,296.35. Following the completion of the purchase, the director now owns 104,540 shares in the company, valued at $3,225,059. This trade represents a 0.41 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Martin Tuchman also recently made the following trade(s):

• On Wednesday, April 30th, Martin Tuchman purchased 1,000 shares of Princeton Bancorp stock. The stock was acquired at an average price of $30.43 per share, with a total value of $30,430.00.
• On Monday, April 28th, Martin Tuchman bought 1,000 shares of Princeton Bancorp stock. The stock was bought at an average price of $30.00 per share, with a total value of $30,000.00.
• On Tuesday, February 11th, Martin Tuchman purchased 22,000 shares of Princeton Bancorp stock. The shares were bought at an average price of $32.71 per share, for a total transaction of $719,620.00.

Princeton Bancorp Trading Up 0.4 %

Shares of BPRN opened at $31.22 on Friday. The firm’s fifty day simple moving average is $29.90 and its 200-day simple moving average is $33.09. The firm has a market capitalization of $215.89 million, a price-to-earnings ratio of 18.58 and a beta of 0.63. Princeton Bancorp, Inc. has a twelve month low of $27.25 and a twelve month high of $39.35.

Princeton Bancorp (NASDAQ:BPRN) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.01. The business had revenue of $20.95 million during the quarter, compared to analyst estimates of $20.73 million. On average, analysts predict that Princeton Bancorp, Inc. will post 3.35 earnings per share for the current fiscal year.

Princeton Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Tuesday, May 6th will be paid a $0.30 dividend. The ex-dividend date is Tuesday, May 6th. This represents a $1.20 annualized dividend and a yield of 3.84%. Princeton Bancorp’s dividend payout ratio is currently 67.80%.

Analyst Upgrades and Downgrades

Separately, Janney Montgomery Scott raised Princeton Bancorp from a “neutral” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Tuesday, February 4th.

Institutional Trading of Princeton Bancorp

Several institutional investors have recently modified their holdings of BPRN. Tower Research Capital LLC TRC raised its stake in Princeton Bancorp by 565.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,071 shares of the company’s stock worth $37,000 after acquiring an additional 910 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Princeton Bancorp by 38.6% during the fourth quarter. Wells Fargo & Company MN now owns 3,222 shares of the company’s stock worth $111,000 after purchasing an additional 898 shares during the last quarter. Bank of America Corp DE increased its position in shares of Princeton Bancorp by 49.2% during the fourth quarter. Bank of America Corp DE now owns 5,509 shares of the company’s stock worth $190,000 after purchasing an additional 1,816 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Princeton Bancorp in the 4th quarter valued at about $216,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Princeton Bancorp in the 3rd quarter valued at about $222,000. Hedge funds and other institutional investors own 43.36% of the company’s stock.

About Princeton Bancorp

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.