Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Martin Tuchman Acquires 1,044 Shares of Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Martin Tuchman purchased 1,044 shares of the company’s stock in a transaction on Friday, June 6th. The shares were bought at an average price of $30.47 per share, for a total transaction of $31,810.68. Following the completion of the transaction, the director now directly owns 117,838 shares in the company, valued at $3,590,523.86. This represents a 0.89% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, June 4th, Martin Tuchman purchased 2,000 shares of Princeton Bancorp stock. The shares were bought at an average price of $30.40 per share, for a total transaction of $60,800.00.
• On Thursday, May 22nd, Martin Tuchman purchased 583 shares of Princeton Bancorp stock. The shares were bought at an average price of $30.67 per share, for a total transaction of $17,880.61.
• On Monday, May 12th, Martin Tuchman acquired 1,019 shares of Princeton Bancorp stock. The stock was acquired at an average cost of $32.00 per share, for a total transaction of $32,608.00.
• On Friday, May 9th, Martin Tuchman acquired 2 shares of Princeton Bancorp stock. The stock was acquired at an average cost of $32.00 per share, for a total transaction of $64.00.
• On Wednesday, May 7th, Martin Tuchman acquired 2,000 shares of Princeton Bancorp stock. The stock was acquired at an average cost of $31.28 per share, for a total transaction of $62,560.00.
• On Monday, May 5th, Martin Tuchman bought 431 shares of Princeton Bancorp stock. The stock was purchased at an average cost of $30.85 per share, for a total transaction of $13,296.35.
• On Wednesday, April 30th, Martin Tuchman bought 1,000 shares of Princeton Bancorp stock. The stock was purchased at an average cost of $30.43 per share, for a total transaction of $30,430.00.
• On Monday, April 28th, Martin Tuchman acquired 1,000 shares of Princeton Bancorp stock. The shares were bought at an average cost of $30.00 per share, for a total transaction of $30,000.00.

Princeton Bancorp Stock Performance

Shares of BPRN opened at $30.31 on Tuesday. The company has a market capitalization of $210.02 million, a PE ratio of 18.04 and a beta of 0.64. The company’s 50 day moving average price is $30.08 and its 200 day moving average price is $32.17. Princeton Bancorp, Inc. has a 52 week low of $27.25 and a 52 week high of $39.35.

Princeton Bancorp (NASDAQ:BPRN) last posted 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 analyst estimates of $20.73 million. On average, equities analysts forecast that Princeton Bancorp, Inc. will post 3.35 earnings per share for the current fiscal year.

Princeton Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Tuesday, May 6th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date was Tuesday, May 6th. Princeton Bancorp’s payout ratio is 67.80%.

Institutional Trading of Princeton Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of BPRN. Empowered Funds LLC increased its position in Princeton Bancorp by 1.9% during the fourth quarter. Empowered Funds LLC now owns 32,772 shares of the company’s stock worth $1,128,000 after acquiring an additional 600 shares during the period. Global Wealth Management Investment Advisory Inc. bought a new stake in shares of Princeton Bancorp in the 4th quarter worth about $235,000. Sequoia Financial Advisors LLC bought a new stake in shares of Princeton Bancorp in the 4th quarter worth about $677,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Princeton Bancorp by 6.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,950 shares of the company’s stock worth $377,000 after purchasing an additional 633 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Princeton Bancorp by 63.7% in the 4th quarter. JPMorgan Chase & Co. now owns 23,847 shares of the company’s stock worth $821,000 after purchasing an additional 9,279 shares during the last quarter. 43.36% of the stock is currently owned by institutional investors and hedge funds.

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.