Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Martin Tuchman Purchases 1,019 Shares

Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Martin Tuchman acquired 1,019 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was purchased at an average cost of $32.00 per share, for a total transaction of $32,608.00. Following the transaction, the director now owns 111,788 shares in the company, valued at approximately $3,577,216. The trade was a 0.92% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Friday, May 9th, Martin Tuchman acquired 2 shares of Princeton Bancorp stock. The stock was purchased at an average cost of $32.00 per share, for a total transaction of $64.00.
• On Wednesday, May 7th, Martin Tuchman bought 2,000 shares of Princeton Bancorp stock. The shares were bought at an average cost of $31.28 per share, for a total transaction of $62,560.00.
• On Monday, May 5th, Martin Tuchman bought 431 shares of Princeton Bancorp stock. The shares were bought at an average cost of $30.85 per share, for a total transaction of $13,296.35.
• On Wednesday, April 30th, Martin Tuchman bought 1,000 shares of Princeton Bancorp stock. The shares were bought at an average cost of $30.43 per share, for a total transaction of $30,430.00.
• On Monday, April 28th, Martin Tuchman bought 1,000 shares of Princeton Bancorp stock. The shares were bought at an average cost of $30.00 per share, for a total transaction of $30,000.00.

Princeton Bancorp Trading Up 2.0%

NASDAQ:BPRN opened at $32.91 on Wednesday. The company has a market cap of $227.57 million, a PE ratio of 19.59 and a beta of 0.63. Princeton Bancorp, Inc. has a twelve month low of $27.25 and a twelve month high of $39.35. The company’s 50 day moving average is $29.96 and its two-hundred day moving average is $32.98.

Princeton Bancorp (NASDAQ:BPRN) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.76 by $0.01. The business had revenue of $20.95 million for the quarter, compared to analyst estimates of $20.73 million. As a group, analysts expect that Princeton Bancorp, Inc. will post 3.35 EPS for the current fiscal year.

Princeton Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Tuesday, May 6th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.65%. The ex-dividend date is Tuesday, May 6th. Princeton Bancorp’s payout ratio is 67.80%.

Institutional Trading of Princeton Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of BPRN. Barclays PLC lifted its stake in Princeton Bancorp by 262.2% during the 3rd quarter. Barclays PLC now owns 6,599 shares of the company’s stock valued at $244,000 after acquiring an additional 4,777 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Princeton Bancorp by 98.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,568 shares of the company’s stock valued at $539,000 after purchasing an additional 7,220 shares during the period. Empowered Funds LLC lifted its stake in shares of Princeton Bancorp by 1.9% in the 4th quarter. Empowered Funds LLC now owns 32,772 shares of the company’s stock valued at $1,128,000 after purchasing an additional 600 shares during the period. Global Wealth Management Investment Advisory Inc. acquired a new position in shares of Princeton Bancorp in the 4th quarter valued at $235,000. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Princeton Bancorp in the 4th quarter valued at $677,000. 43.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Janney Montgomery Scott raised shares of Princeton Bancorp from a “neutral” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Tuesday, February 4th.

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.