Royce & Associates LP Trims Position in Princeton Bancorp, Inc. $BPRN

Royce & Associates LP lessened its position in shares of Princeton Bancorp, Inc. (NASDAQ:BPRNFree Report) by 24.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 61,015 shares of the company’s stock after selling 19,351 shares during the quarter. Royce & Associates LP owned 0.90% of Princeton Bancorp worth $2,117,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in Princeton Bancorp during the second quarter valued at $61,000. Tower Research Capital LLC TRC increased its position in Princeton Bancorp by 584.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,191 shares of the company’s stock valued at $67,000 after acquiring an additional 1,871 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Princeton Bancorp by 14.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,360 shares of the company’s stock valued at $103,000 after acquiring an additional 431 shares during the last quarter. JPMorgan Chase & Co. increased its position in Princeton Bancorp by 14.9% during the third quarter. JPMorgan Chase & Co. now owns 6,863 shares of the company’s stock valued at $219,000 after acquiring an additional 892 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in Princeton Bancorp during the third quarter valued at $232,000. Hedge funds and other institutional investors own 43.36% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on BPRN. Hovde Group upped their price objective on Princeton Bancorp from $35.00 to $37.50 and gave the company a “market perform” rating in a research report on Tuesday, February 3rd. Weiss Ratings cut Princeton Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 21st. Finally, Zacks Research upgraded Princeton Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Princeton Bancorp currently has an average rating of “Moderate Buy” and a consensus target price of $37.50.

Read Our Latest Research Report on Princeton Bancorp

Princeton Bancorp Stock Down 0.4%

Shares of BPRN opened at $36.04 on Friday. The business has a 50-day simple moving average of $35.01 and a two-hundred day simple moving average of $34.93. The stock has a market cap of $245.43 million, a price-to-earnings ratio of 12.60 and a beta of 0.49. Princeton Bancorp, Inc. has a 52 week low of $29.21 and a 52 week high of $37.99.

Princeton Bancorp (NASDAQ:BPRNGet Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.06. The business had revenue of $21.31 million during the quarter, compared to analysts’ expectations of $21.06 million. Princeton Bancorp had a return on equity of 7.20% and a net margin of 14.20%. On average, equities analysts anticipate that Princeton Bancorp, Inc. will post 3.67 earnings per share for the current fiscal year.

Princeton Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Tuesday, May 5th were paid a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.9%. Princeton Bancorp’s dividend payout ratio is 48.95%.

Princeton Bancorp Company Profile

(Free Report)

Princeton Bancorp, Inc is the bank holding company for Princeton Bank, a community-focused financial institution based in Princeton, New Jersey. Through its wholly owned subsidiary, the company offers a full suite of personal and business banking services designed to meet the needs of individuals, families and local enterprises in central and southern New Jersey.

The company’s core offerings include checking and savings accounts, consumer and commercial lending, mortgage origination and refinancing, as well as treasury management solutions for small-to-medium-sized businesses.

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Institutional Ownership by Quarter for Princeton Bancorp (NASDAQ:BPRN)

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