Martin Tuchman Buys 2,000 Shares of Princeton Bancorp, Inc. (NASDAQ:BPRN) Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Martin Tuchman purchased 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 4th. The shares were bought at an average cost of $30.40 per share, with a total value of $60,800.00. Following the completion of the acquisition, the director now owns 114,794 shares of the company’s stock, valued at approximately $3,489,737.60. This trade represents a 1.77% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, May 22nd, Martin Tuchman purchased 583 shares of Princeton Bancorp stock. The shares were bought at an average cost of $30.67 per share, with a total value of $17,880.61.
• On Monday, May 12th, Martin Tuchman purchased 1,019 shares of Princeton Bancorp stock. The shares were bought at an average cost of $32.00 per share, with a total value of $32,608.00.
• On Friday, May 9th, Martin Tuchman bought 2 shares of Princeton Bancorp stock. The stock was acquired at an average cost of $32.00 per share, with a total value of $64.00.
• On Wednesday, May 7th, Martin Tuchman bought 2,000 shares of Princeton Bancorp stock. The stock was acquired at an average cost of $31.28 per share, with a total value of $62,560.00.
• On Monday, May 5th, Martin Tuchman bought 431 shares of Princeton Bancorp stock. The stock was acquired at an average cost of $30.85 per share, with a total value of $13,296.35.
• On Wednesday, April 30th, Martin Tuchman bought 1,000 shares of Princeton Bancorp stock. The stock was acquired at an average cost of $30.43 per share, with a total value of $30,430.00.
• On Monday, April 28th, Martin Tuchman bought 1,000 shares of Princeton Bancorp stock. The stock was acquired at an average cost of $30.00 per share, with a total value of $30,000.00.

Princeton Bancorp Stock Performance

Princeton Bancorp stock opened at $30.78 on Friday. Princeton Bancorp, Inc. has a one year low of $27.25 and a one year high of $39.35. The business has a fifty day moving average of $30.09 and a two-hundred day moving average of $32.27. The company has a market cap of $213.27 million, a P/E ratio of 18.32 and a beta of 0.63.

Princeton Bancorp (NASDAQ:BPRN) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.01. The firm had revenue of $20.95 million during the quarter, compared to analysts’ expectations of $20.73 million. Sell-side analysts predict that Princeton Bancorp, Inc. will post 3.35 EPS for the current year.

Princeton Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Tuesday, May 6th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date of this dividend was Tuesday, May 6th. Princeton Bancorp’s dividend payout ratio is presently 67.80%.

Institutional Trading of Princeton Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC grew its holdings in Princeton Bancorp by 104.6% in the 4th quarter. Citadel Advisors LLC now owns 16,766 shares of the company’s stock valued at $577,000 after buying an additional 8,570 shares during the period. Empowered Funds LLC lifted its position in Princeton Bancorp by 1.9% during the 4th quarter. Empowered Funds LLC now owns 32,772 shares of the company’s stock worth $1,128,000 after acquiring an additional 600 shares in the last quarter. Northern Trust Corp lifted its position in Princeton Bancorp by 14.1% during the 4th quarter. Northern Trust Corp now owns 44,179 shares of the company’s stock worth $1,521,000 after acquiring an additional 5,443 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Princeton Bancorp by 63.7% during the 4th quarter. JPMorgan Chase & Co. now owns 23,847 shares of the company’s stock worth $821,000 after acquiring an additional 9,279 shares in the last quarter. Finally, Barclays PLC lifted its position in Princeton Bancorp by 25.1% during the 4th quarter. Barclays PLC now owns 8,258 shares of the company’s stock worth $284,000 after acquiring an additional 1,659 shares in the last quarter. Hedge funds and other institutional investors own 43.36% of the company’s stock.

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.