Martin Tuchman Buys 5,000 Shares of Princeton Bancorp (NASDAQ:BPRN) Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Martin Tuchman purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were bought at an average cost of $33.00 per share, with a total value of $165,000.00. Following the purchase, the director directly owned 7,548 shares of the company’s stock, valued at approximately $249,084. This represents a 196.23% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, November 11th, Martin Tuchman acquired 52 shares of Princeton Bancorp stock. The stock was purchased at an average cost of $33.00 per share, for a total transaction of $1,716.00.
• On Friday, November 7th, Martin Tuchman acquired 493 shares of Princeton Bancorp stock. The shares were purchased at an average price of $33.00 per share, for a total transaction of $16,269.00.
• On Wednesday, November 5th, Martin Tuchman bought 3 shares of Princeton Bancorp stock. The shares were purchased at an average cost of $32.60 per share, with a total value of $97.80.
• On Tuesday, November 4th, Martin Tuchman bought 2,000 shares of Princeton Bancorp stock. The stock was purchased at an average price of $32.25 per share, with a total value of $64,500.00.
• On Monday, September 8th, Martin Tuchman purchased 10,000 shares of Princeton Bancorp stock. The shares were purchased at an average cost of $33.00 per share, for a total transaction of $330,000.00.

Princeton Bancorp Price Performance

BPRN stock opened at $33.43 on Friday. The business has a 50-day moving average price of $31.73 and a 200 day moving average price of $31.63. The company has a market capitalization of $225.99 million, a P/E ratio of 13.01 and a beta of 0.65. Princeton Bancorp, Inc. has a 1-year low of $27.25 and a 1-year high of $38.78.

Princeton Bancorp (NASDAQ:BPRN) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06. The business had revenue of $21.53 million for the quarter, compared to analysts’ expectations of $20.33 million. On average, analysts anticipate that Princeton Bancorp, Inc. will post 3.35 earnings per share for the current fiscal year.

Princeton Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 7th will be issued a $0.35 dividend. This is an increase from Princeton Bancorp’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Friday, November 7th. Princeton Bancorp’s dividend payout ratio is presently 54.47%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BPRN. Police & Firemen s Retirement System of New Jersey acquired a new position in Princeton Bancorp in the 2nd quarter worth approximately $38,000. Raymond James Financial Inc. acquired a new stake in shares of Princeton Bancorp in the second quarter worth $61,000. Tower Research Capital LLC TRC increased its stake in shares of Princeton Bancorp by 584.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,191 shares of the company’s stock worth $67,000 after acquiring an additional 1,871 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Princeton Bancorp by 14.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,360 shares of the company’s stock worth $103,000 after purchasing an additional 431 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Princeton Bancorp by 14.9% during the third quarter. JPMorgan Chase & Co. now owns 6,863 shares of the company’s stock valued at $219,000 after purchasing an additional 892 shares during the period. 43.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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