Martin Tuchman Acquires 1,019 Shares of Princeton Bancorp, Inc. (NASDAQ:BPRN) Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Martin Tuchman acquired 1,019 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were bought at an average cost of $32.00 per share, for a total transaction of $32,608.00. Following the transaction, the director now directly owns 111,788 shares of the company’s stock, valued at approximately $3,577,216. This trade represents a 0.92% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, May 9th, Martin Tuchman bought 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 bought 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 acquired 431 shares of Princeton Bancorp stock. The stock was bought 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 stock was bought 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 shares were acquired at an average price of $30.00 per share, with a total value of $30,000.00.

Princeton Bancorp Trading Down 1.7%

BPRN stock opened at $32.35 on Thursday. Princeton Bancorp, Inc. has a 12-month low of $27.25 and a 12-month high of $39.35. The company has a market cap of $223.70 million, a price-to-earnings ratio of 19.26 and a beta of 0.63. The firm has a 50 day moving average of $29.96 and a 200-day moving average of $32.98.

Princeton Bancorp (NASDAQ:BPRN) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.01. The firm had revenue of $20.95 million during the quarter, compared to analysts’ expectations of $20.73 million. Sell-side analysts forecast 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 given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.71%. 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 target price for the company in a research note on Tuesday, February 4th.

Institutional Investors Weigh In On Princeton Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Systematic Financial Management LP grew its position in shares of Princeton Bancorp by 0.8% in the first quarter. Systematic Financial Management LP now owns 341,978 shares of the company’s stock valued at $10,447,000 after purchasing an additional 2,567 shares during the period. Nuveen LLC acquired a new position in shares of Princeton Bancorp during the first quarter worth about $229,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in Princeton Bancorp by 15.5% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,644 shares of the company’s stock valued at $386,000 after purchasing an additional 1,694 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Princeton Bancorp by 3.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 14,573 shares of the company’s stock worth $445,000 after buying an additional 500 shares during the last quarter. Finally, Roundview Capital LLC increased its position in shares of Princeton Bancorp by 2.4% in the 1st quarter. Roundview Capital LLC now owns 53,792 shares of the company’s stock worth $1,643,000 after purchasing an additional 1,250 shares during the last quarter. 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.