Princeton Bancorp (NASDAQ:BPRN) Stock Price Up 0.1% – Should You Buy?

Princeton Bancorp, Inc. (NASDAQ:BPRN) shares traded up 0.1% during mid-day trading on Thursday . The stock traded as high as $39.41 and last traded at $38.98. Approximately 16,436 shares traded hands during trading, a decline of 19% from the average session volume of 20,191 shares. The stock had previously closed at $38.93.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BPRN. Weiss Ratings raised shares of Princeton Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 12th. Zacks Research upgraded Princeton Bancorp from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Princeton Bancorp presently has an average rating of “Moderate Buy” and an average target price of $37.50.

Princeton Bancorp Trading Up 0.1%

The business has a fifty day simple moving average of $36.04 and a two-hundred day simple moving average of $35.49. The company has a market cap of $265.45 million, a PE ratio of 13.63 and a beta of 0.48.

Princeton Bancorp (NASDAQ:BPRN) last released 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. The business had revenue of $21.31 million during the quarter, compared to analyst estimates of $21.06 million. Princeton Bancorp had a net margin of 14.20% and a return on equity of 7.20%. Equities analysts expect that Princeton Bancorp, Inc. will post 3.67 EPS for the current year.

Princeton Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Tuesday, May 5th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, May 5th. Princeton Bancorp’s dividend payout ratio is currently 48.95%.

Insider Transactions at Princeton Bancorp

In other Princeton Bancorp news, insider Stephanie Adkins sold 1,600 shares of the stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $35.04, for a total value of $56,064.00. Following the completion of the sale, the insider owned 21,272 shares in the company, valued at approximately $745,370.88. This represents a 7.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 23.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Quadrature Capital Ltd purchased a new stake in shares of Princeton Bancorp in the fourth quarter valued at approximately $211,000. Wells Fargo & Company MN lifted its position in Princeton Bancorp by 50.1% during the fourth quarter. Wells Fargo & Company MN now owns 5,855 shares of the company’s stock worth $203,000 after buying an additional 1,953 shares in the last quarter. Focus Partners Wealth acquired a new position in Princeton Bancorp during the third quarter worth $319,000. JPMorgan Chase & Co. boosted its stake in Princeton Bancorp by 14.9% during the third 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 last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in Princeton Bancorp by 584.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,191 shares of the company’s stock valued at $67,000 after buying an additional 1,871 shares in the last quarter. 43.36% of the stock is currently owned by institutional investors and hedge funds.

Princeton Bancorp Company Profile

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.