Princeton Bancorp (NASDAQ:BPRN) Director Martin Tuchman Purchases 10,534 Shares of Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Martin Tuchman bought 10,534 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was acquired at an average cost of $42.98 per share, for a total transaction of $452,751.32. Following the acquisition, the director directly owned 24,138 shares of the company’s stock, valued at $1,037,451.24. The trade was a 77.43% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Princeton Bancorp Stock Down 0.1%

Shares of NASDAQ:BPRN traded down $0.03 during trading on Friday, hitting $43.39. 10,274 shares of the company traded hands, compared to its average volume of 15,339. The stock has a market capitalization of $295.49 million, a price-to-earnings ratio of 11.38 and a beta of 0.47. The business’s fifty day moving average is $39.00 and its 200-day moving average is $36.43. Princeton Bancorp, Inc. has a one year low of $29.69 and a one year high of $43.93.

Princeton Bancorp (NASDAQ:BPRN) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.16. Princeton Bancorp had a return on equity of 9.57% and a net margin of 18.99%.The business had revenue of $22.48 million for the quarter, compared to the consensus estimate of $21.84 million. On average, analysts forecast that Princeton Bancorp, Inc. will post 3.88 EPS for the current year.

Princeton Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Wednesday, August 5th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a $1.40 annualized dividend and a dividend yield of 3.2%. Princeton Bancorp’s payout ratio is 36.84%.

Analyst Upgrades and Downgrades

Separately, 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. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Princeton Bancorp has a consensus rating of “Moderate Buy” and a consensus price target of $37.50.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Alliancebernstein L.P. increased its holdings in shares of Princeton Bancorp by 1.0% during the third quarter. Alliancebernstein L.P. now owns 561,737 shares of the company’s stock valued at $17,886,000 after purchasing an additional 5,810 shares during the period. BlackRock Inc. bought a new position in Princeton Bancorp in the 2nd quarter valued at about $16,230,000. Dimensional Fund Advisors LP increased its stake in Princeton Bancorp by 7.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 160,383 shares of the company’s stock valued at $5,416,000 after buying an additional 11,235 shares during the period. Geode Capital Management LLC raised its position in shares of Princeton Bancorp by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 127,621 shares of the company’s stock worth $4,428,000 after buying an additional 659 shares in the last quarter. Finally, First Manhattan CO. LLC. raised its position in shares of Princeton Bancorp by 21.1% during the 4th quarter. First Manhattan CO. LLC. now owns 42,990 shares of the company’s stock worth $1,491,000 after buying an additional 7,500 shares in the last quarter. Institutional investors and hedge funds own 43.36% of the company’s stock.

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.