Princeton Bancorp (NASDAQ:BPRN) Director Purchases $16,269.00 in Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Martin Tuchman purchased 493 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were purchased at an average cost of $33.00 per share, with a total value of $16,269.00. Following the completion of the acquisition, the director owned 2,496 shares in the company, valued at approximately $82,368. This represents a 24.61% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link.

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

• On Wednesday, November 12th, Martin Tuchman acquired 5,000 shares of Princeton Bancorp stock. The stock was purchased at an average price of $33.00 per share, for a total transaction of $165,000.00.
• On Tuesday, November 11th, Martin Tuchman bought 52 shares of Princeton Bancorp stock. The shares were acquired at an average price of $33.00 per share, with a total value of $1,716.00.
• On Wednesday, November 5th, Martin Tuchman bought 3 shares of Princeton Bancorp stock. The shares were acquired at an average cost of $32.60 per share, for a total transaction of $97.80.
• On Tuesday, November 4th, Martin Tuchman purchased 2,000 shares of Princeton Bancorp stock. The stock was acquired at an average price of $32.25 per share, for a total transaction of $64,500.00.
• On Monday, September 8th, Martin Tuchman acquired 10,000 shares of Princeton Bancorp stock. The shares were acquired at an average price of $33.00 per share, with a total value of $330,000.00.

Princeton Bancorp Stock Down 0.1%

BPRN stock opened at $33.43 on Friday. The stock’s 50 day moving average is $31.73 and its two-hundred day moving average is $31.63. Princeton Bancorp, Inc. has a 52-week low of $27.25 and a 52-week high of $38.78. The company has a market capitalization of $225.99 million, a PE ratio of 13.01 and a beta of 0.65.

Princeton Bancorp (NASDAQ:BPRN) last released its earnings results on Wednesday, October 29th. The company reported $0.95 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. As a group, sell-side analysts anticipate that Princeton Bancorp, Inc. will post 3.35 EPS for the current year.

Princeton Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 7th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend 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 54.47%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Princeton Bancorp

Institutional investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its holdings in Princeton Bancorp by 3.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 14,573 shares of the company’s stock worth $445,000 after acquiring an additional 500 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Princeton Bancorp during the 1st quarter worth approximately $229,000. Roundview Capital LLC lifted its holdings 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 worth $1,887,000 after purchasing an additional 8,000 shares during the last quarter. SilverOak Wealth Management LLC bought a new stake in shares of Princeton Bancorp in the 2nd quarter worth approximately $232,000. Finally, Systematic Financial Management LP boosted its position in Princeton Bancorp by 0.8% during the 1st quarter. Systematic Financial Management LP now owns 341,978 shares of the company’s stock valued at $10,447,000 after purchasing an additional 2,567 shares during the period. Institutional investors own 43.36% of the company’s stock.

About Princeton Bancorp

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.