Princeton Bancorp (NASDAQ:BPRN) Director Martin Tuchman Acquires 2,000 Shares

Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Martin Tuchman acquired 2,000 shares of the stock in a transaction on Tuesday, November 4th. The shares were bought at an average price of $32.25 per share, with a total value of $64,500.00. Following the purchase, the director directly owned 2,000 shares of the company’s stock, valued at $64,500. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, November 5th, Martin Tuchman bought 3 shares of Princeton Bancorp stock. The stock was bought at an average cost of $32.60 per share, for a total transaction of $97.80.
• On Monday, September 8th, Martin Tuchman acquired 10,000 shares of Princeton Bancorp stock. The shares were purchased at an average price of $33.00 per share, with a total value of $330,000.00.

Princeton Bancorp Stock Up 1.0%

NASDAQ:BPRN opened at $33.30 on Friday. The stock has a market cap of $224.78 million, a price-to-earnings ratio of 12.96 and a beta of 0.65. Princeton Bancorp, Inc. has a 52 week low of $27.25 and a 52 week high of $38.95. The company’s 50 day moving average price is $31.74 and its 200-day moving average price is $31.44.

Princeton Bancorp (NASDAQ:BPRN) last posted its earnings results on Tuesday, November 4th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The business had revenue of $21.53 million during the quarter, compared to the consensus estimate of $20.33 million. As a group, sell-side analysts anticipate that Princeton Bancorp, Inc. will post 3.35 earnings per share for the current year.

Princeton Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 7th will be paid a dividend of $0.35 per share. The ex-dividend date is Friday, November 7th. This represents a $1.40 annualized dividend and a yield of 4.2%. This is an increase from Princeton Bancorp’s previous quarterly dividend of $0.30. Princeton Bancorp’s dividend payout ratio (DPR) is currently 46.69%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Alliancebernstein L.P. increased its position in Princeton Bancorp by 2.4% in the second quarter. Alliancebernstein L.P. now owns 555,927 shares of the company’s stock worth $16,978,000 after purchasing an additional 13,280 shares during the last quarter. Systematic Financial Management LP grew its stake in shares of Princeton Bancorp by 1.0% in the 2nd quarter. Systematic Financial Management LP now owns 345,247 shares of the company’s stock worth $10,544,000 after buying an additional 3,269 shares in the last quarter. Geode Capital Management LLC grew its position in Princeton Bancorp by 1.2% in the second quarter. Geode Capital Management LLC now owns 127,347 shares of the company’s stock worth $3,890,000 after acquiring an additional 1,542 shares in the last quarter. Roundview Capital LLC lifted its stake in shares of Princeton Bancorp by 14.9% in the 2nd quarter. Roundview Capital LLC now owns 61,792 shares of the company’s stock valued at $1,887,000 after purchasing an additional 8,000 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of Princeton Bancorp by 3.6% in the 1st quarter. Empowered Funds LLC now owns 33,941 shares of the company’s stock worth $1,037,000 after purchasing an additional 1,169 shares during the period. 43.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on BPRN shares. Janney Montgomery Scott upgraded shares of Princeton Bancorp to a “strong-buy” rating in a report on Wednesday, October 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Princeton Bancorp in a research note on Wednesday, October 8th. Finally, Zacks Research raised shares of Princeton Bancorp from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $37.50.

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.