Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Martin Tuchman Acquires 2,000 Shares

Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Martin Tuchman acquired 2,000 shares of the business’s stock in a transaction on Wednesday, May 7th. The stock was acquired at an average cost of $31.28 per share, with a total value of $62,560.00. Following the acquisition, the director now directly owns 108,582 shares in the company, valued at approximately $3,396,444.96. This trade represents a 1.88 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Monday, May 5th, Martin Tuchman purchased 431 shares of Princeton Bancorp stock. The stock was acquired at an average price of $30.85 per share, with a total value of $13,296.35.
• On Wednesday, April 30th, Martin Tuchman acquired 1,000 shares of Princeton Bancorp stock. The shares were bought at an average price of $30.43 per share, for a total transaction of $30,430.00.
• On Monday, April 28th, Martin Tuchman bought 1,000 shares of Princeton Bancorp stock. The shares were 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 stock was bought at an average price of $32.71 per share, for a total transaction of $719,620.00.

Princeton Bancorp Stock Performance

Shares of BPRN stock opened at $31.25 on Friday. Princeton Bancorp, Inc. has a fifty-two week low of $27.25 and a fifty-two week high of $39.35. The stock’s fifty day moving average price is $29.90 and its two-hundred day moving average price is $33.06. The company has a market cap of $216.09 million, a PE ratio of 18.60 and a beta of 0.63.

Princeton Bancorp (NASDAQ:BPRN) last released its earnings results on Thursday, April 24th. The company reported $0.77 earnings per share (EPS) 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 the consensus estimate of $20.73 million. On average, equities analysts predict that Princeton Bancorp, Inc. will post 3.35 EPS for the current fiscal year.

Princeton Bancorp Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, Janney Montgomery Scott upgraded shares of Princeton Bancorp from a “neutral” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Tuesday, February 4th.

Institutional Investors Weigh In On Princeton Bancorp

Several hedge funds have recently modified their holdings of BPRN. Barclays PLC increased its position in Princeton Bancorp by 262.2% in the 3rd quarter. Barclays PLC now owns 6,599 shares of the company’s stock valued at $244,000 after acquiring an additional 4,777 shares during the period. JPMorgan Chase & Co. increased its holdings in Princeton Bancorp by 98.3% in the third quarter. JPMorgan Chase & Co. now owns 14,568 shares of the company’s stock valued at $539,000 after purchasing an additional 7,220 shares during the period. Empowered Funds LLC raised its position in Princeton Bancorp by 1.9% during the 4th quarter. Empowered Funds LLC now owns 32,772 shares of the company’s stock worth $1,128,000 after purchasing an additional 600 shares during the last quarter. Global Wealth Management Investment Advisory Inc. acquired a new position in Princeton Bancorp during the 4th quarter worth about $235,000. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Princeton Bancorp in the 4th quarter valued at about $677,000. 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.