Systematic Financial Management LP Has $10.76 Million Holdings in Princeton Bancorp, Inc. $BPRN

Systematic Financial Management LP lessened its position in shares of Princeton Bancorp, Inc. (NASDAQ:BPRNFree Report) by 8.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 310,032 shares of the company’s stock after selling 29,369 shares during the quarter. Systematic Financial Management LP owned approximately 4.59% of Princeton Bancorp worth $10,755,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BPRN. Raymond James Financial Inc. acquired a new stake in Princeton Bancorp during the 2nd quarter valued at approximately $61,000. Tower Research Capital LLC TRC grew its position in shares of Princeton Bancorp by 584.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,191 shares of the company’s stock worth $67,000 after buying an additional 1,871 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Princeton Bancorp by 14.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,360 shares of the company’s stock worth $103,000 after buying an additional 431 shares during the period. JPMorgan Chase & Co. grew its position in shares of Princeton Bancorp by 14.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,863 shares of the company’s stock worth $219,000 after buying an additional 892 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in shares of Princeton Bancorp during the 3rd quarter worth approximately $232,000. Institutional investors and hedge funds own 43.36% of the company’s stock.

Princeton Bancorp Price Performance

Shares of BPRN opened at $35.25 on Monday. Princeton Bancorp, Inc. has a 12-month low of $29.21 and a 12-month high of $37.99. The business’s fifty day moving average is $34.75 and its 200 day moving average is $34.84. The stock has a market cap of $240.05 million, a P/E ratio of 12.33 and a beta of 0.49.

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

Princeton Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Tuesday, May 5th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Tuesday, May 5th. Princeton Bancorp’s dividend payout ratio (DPR) is currently 48.95%.

Wall Street Analysts Forecast Growth

BPRN has been the subject of several recent analyst reports. Weiss Ratings downgraded shares of Princeton Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. Zacks Research raised shares of Princeton Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Hovde Group raised their price objective on shares of Princeton Bancorp from $35.00 to $37.50 and gave the stock a “market perform” rating in a research report on Tuesday, February 3rd. One equities 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.50.

Check Out Our Latest Analysis on BPRN

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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