Martin Tuchman Buys 493 Shares of Princeton Bancorp (NASDAQ:BPRN) Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Martin Tuchman purchased 493 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was bought at an average cost of $33.00 per share, for a total transaction of $16,269.00. Following the completion of the transaction, the director owned 2,496 shares in the company, valued at approximately $82,368. This represents a 24.61% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, November 12th, Martin Tuchman purchased 5,000 shares of Princeton Bancorp stock. The stock was bought at an average price of $33.00 per share, for a total transaction of $165,000.00.
• On Tuesday, November 11th, Martin Tuchman acquired 52 shares of Princeton Bancorp stock. The shares were bought at an average price of $33.00 per share, with a total value of $1,716.00.
• On Wednesday, November 5th, Martin Tuchman bought 3 shares of Princeton Bancorp stock. The stock was bought at an average cost of $32.60 per share, for a total transaction of $97.80.
• On Tuesday, November 4th, Martin Tuchman bought 2,000 shares of Princeton Bancorp stock. The stock was bought at an average cost of $32.25 per share, for a total transaction of $64,500.00.
• 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 Price Performance

BPRN opened at $33.47 on Friday. The firm has a market cap of $226.26 million, a PE ratio of 13.02 and a beta of 0.65. The stock has a 50-day moving average price of $31.72 and a 200-day moving average price of $31.59. Princeton Bancorp, Inc. has a 1 year low of $27.25 and a 1 year high of $38.78.

Princeton Bancorp (NASDAQ:BPRN) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.89 by $0.06. The firm had revenue of $21.53 million for the quarter, compared to analysts’ expectations of $20.33 million. As a group, sell-side analysts anticipate that Princeton Bancorp, Inc. will post 3.35 EPS for the current year.

Princeton Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Friday, November 7th will be issued a dividend of $0.35 per share. The ex-dividend date is Friday, November 7th. This is a positive change from Princeton Bancorp’s previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.2%. Princeton Bancorp’s dividend payout ratio is currently 54.47%.

Institutional Investors Weigh In On Princeton Bancorp

Large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in Princeton Bancorp by 1.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 144,827 shares of the company’s stock valued at $4,611,000 after buying an additional 2,505 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Princeton Bancorp by 14.3% in the 3rd quarter. Royce & Associates LP now owns 80,366 shares of the company’s stock worth $2,559,000 after buying an additional 10,032 shares during the last quarter. Princeton Capital Management LLC bought a new stake in shares of Princeton Bancorp in the third quarter worth $249,000. GSA Capital Partners LLP purchased a new stake in Princeton Bancorp during the third quarter valued at $232,000. Finally, 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. Institutional investors own 43.36% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.