Princeton Bancorp, Inc. (NASDAQ:BPRN) Shares Bought by Systematic Financial Management LP

Systematic Financial Management LP raised its position in Princeton Bancorp, Inc. (NASDAQ:BPRN) by 6.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 339,411 shares of the company’s stock after acquiring an additional 20,639 shares during the period. Systematic Financial Management LP owned approximately 4.95% of Princeton Bancorp worth $11,686,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its stake in Princeton Bancorp by 565.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,071 shares of the company’s stock valued at $37,000 after acquiring an additional 910 shares in the last quarter. Wells Fargo & Company MN lifted its stake 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 buying an additional 898 shares during the period. Bank of America Corp DE lifted its stake 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 buying an additional 1,816 shares during the period. Barclays PLC lifted its stake in shares of Princeton Bancorp by 262.2% during the third quarter. Barclays PLC now owns 6,599 shares of the company’s stock worth $244,000 after buying an additional 4,777 shares during the period. Finally, Global Wealth Management Investment Advisory Inc. acquired a new stake in shares of Princeton Bancorp during the fourth quarter worth $235,000. 43.36% of the stock is currently owned by institutional investors and hedge funds.

Princeton Bancorp Trading Down 2.6%

NASDAQ:BPRN opened at $32.10 on Friday. Princeton Bancorp, Inc. has a 12 month low of $27.25 and a 12 month high of $39.35. The firm has a fifty day simple moving average of $30.03 and a 200-day simple moving average of $32.91. The company has a market capitalization of $222.42 million, a P/E ratio of 19.11 and a beta of 0.63.

Princeton Bancorp (NASDAQ:BPRN) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.76 by $0.01. The company had revenue of $20.95 million for the quarter, compared to analyst estimates of $20.73 million. Equities analysts forecast that Princeton Bancorp, Inc. will post 3.35 EPS for the current year.

Princeton Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Tuesday, May 6th will be issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, May 6th. This represents a $1.20 annualized dividend and a dividend yield of 3.74%. Princeton Bancorp’s dividend payout ratio (DPR) is presently 67.80%.

Insider Buying and Selling

In other Princeton Bancorp news, Director Martin Tuchman bought 1,000 shares of Princeton Bancorp stock in a transaction that occurred on Monday, April 28th. The stock was purchased at an average price of $30.00 per share, with a total value of $30,000.00. Following the completion of the acquisition, the director now directly owns 102,109 shares in the company, valued at approximately $3,063,270. This trade represents a 0.99% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders acquired 5,452 shares of company stock valued at $168,958 and sold 1,933 shares valued at $61,541. 23.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

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.