Princeton Bancorp (NASDAQ:BPRN) Insider Sells $56,064.00 in Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN) insider Stephanie Adkins sold 1,600 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $35.04, for a total transaction of $56,064.00. Following the sale, the insider directly owned 21,272 shares in the company, valued at $745,370.88. This trade represents a 7.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Princeton Bancorp Stock Performance

NASDAQ:BPRN opened at $36.50 on Thursday. The company has a market cap of $248.60 million, a price-to-earnings ratio of 12.76 and a beta of 0.49. The stock’s fifty day moving average price is $35.25 and its two-hundred day moving average price is $35.08. Princeton Bancorp, Inc. has a 52-week low of $29.21 and a 52-week high of $37.99.

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

Princeton Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Tuesday, May 5th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Tuesday, May 5th. Princeton Bancorp’s dividend payout ratio (DPR) is 48.95%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on BPRN shares. Weiss Ratings cut shares of Princeton Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 21st. Zacks Research upgraded Princeton Bancorp from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Princeton Bancorp presently has a consensus rating of “Moderate Buy” and an average price target of $37.50.

Institutional Trading of Princeton Bancorp

Several hedge funds have recently bought and sold shares of BPRN. Alliancebernstein L.P. raised its holdings in Princeton Bancorp by 2.4% during the 2nd quarter. Alliancebernstein L.P. now owns 555,927 shares of the company’s stock worth $16,978,000 after buying an additional 13,280 shares during the period. Dimensional Fund Advisors LP raised its holdings in Princeton Bancorp by 7.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 160,383 shares of the company’s stock worth $5,416,000 after buying an additional 11,235 shares during the period. Fourthstone LLC raised its holdings in Princeton Bancorp by 36.8% during the 4th quarter. Fourthstone LLC now owns 37,789 shares of the company’s stock worth $1,311,000 after buying an additional 10,172 shares during the period. Royce & Associates LP raised its holdings in Princeton Bancorp by 14.3% during 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 period. Finally, Focus Partners Wealth acquired a new stake in Princeton Bancorp during the 3rd quarter worth approximately $319,000. 43.36% of the stock is currently owned by institutional investors and hedge funds.

About Princeton Bancorp

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.