Princeton Bancorp (NASDAQ:BPRN) Director Purchases $64,500.00 in Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Martin Tuchman acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was acquired at an average price of $32.25 per share, with a total value of $64,500.00. Following the completion of the acquisition, the director directly owned 2,000 shares of the company’s stock, valued at $64,500. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Wednesday, November 5th, Martin Tuchman purchased 3 shares of Princeton Bancorp stock. The stock was bought at an average cost of $32.60 per share, with a total value of $97.80.
• On Monday, September 8th, Martin Tuchman purchased 10,000 shares of Princeton Bancorp stock. The shares were bought at an average price of $33.00 per share, with a total value of $330,000.00.

Princeton Bancorp Stock Performance

Shares of NASDAQ BPRN opened at $33.20 on Friday. The business’s 50-day simple moving average is $31.72 and its 200-day simple moving average is $31.49. Princeton Bancorp, Inc. has a 52 week low of $27.25 and a 52 week high of $38.95. The firm has a market cap of $224.10 million, a price-to-earnings ratio of 12.92 and a beta of 0.65.

Princeton Bancorp (NASDAQ:BPRN) last posted its earnings results on Wednesday, October 29th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.06. The company had revenue of $21.53 million during the quarter, compared to analyst estimates of $20.33 million. As a group, equities research analysts forecast that Princeton Bancorp, Inc. will post 3.35 earnings per share for the current year.

Princeton Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Friday, November 7th will be issued a $0.35 dividend. This is a boost from Princeton Bancorp’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, November 7th. This represents a $1.40 annualized dividend and a yield of 4.2%. Princeton Bancorp’s payout ratio is 46.69%.

Wall Street Analysts Forecast Growth

BPRN has been the subject of a number of recent analyst reports. Janney Montgomery Scott upgraded shares of Princeton Bancorp to a “strong-buy” rating in a report on Wednesday, October 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Princeton Bancorp in a research note on Wednesday, October 8th. Finally, Zacks Research raised Princeton Bancorp from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $37.50.

Institutional Investors Weigh In On Princeton Bancorp

Hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its stake in Princeton Bancorp by 5.3% during the first quarter. Bank of New York Mellon Corp now owns 21,460 shares of the company’s stock valued at $656,000 after acquiring an additional 1,077 shares during the period. Roundview Capital LLC grew its holdings in shares of Princeton Bancorp by 2.4% during 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Princeton Bancorp by 3.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 14,573 shares of the company’s stock valued at $445,000 after acquiring an additional 500 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Princeton Bancorp by 15.5% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,644 shares of the company’s stock worth $386,000 after purchasing an additional 1,694 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Princeton Bancorp in the 1st quarter worth approximately $229,000. Institutional investors 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.