Sequoia Financial Advisors LLC Invests $677,000 in Princeton Bancorp, Inc. (NASDAQ:BPRN)

Sequoia Financial Advisors LLC bought a new stake in Princeton Bancorp, Inc. (NASDAQ:BPRN) in the 4th quarter, Holdings Channel.com reports. The fund bought 19,668 shares of the company’s stock, valued at approximately $677,000.

Other large investors have also recently added to or reduced their stakes in the company. Global Wealth Management Investment Advisory Inc. acquired a new position in shares of Princeton Bancorp during the 4th quarter valued at about $235,000. Empowered Funds LLC grew its holdings in Princeton Bancorp by 1.9% in the fourth 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. JPMorgan Chase & Co. increased its position in Princeton Bancorp by 98.3% during the third quarter. JPMorgan Chase & Co. now owns 14,568 shares of the company’s stock worth $539,000 after purchasing an additional 7,220 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Princeton Bancorp during the third quarter worth approximately $222,000. Finally, Barclays PLC boosted its holdings in shares of Princeton Bancorp by 262.2% in the 3rd quarter. Barclays PLC now owns 6,599 shares of the company’s stock valued at $244,000 after purchasing an additional 4,777 shares during the last quarter. 43.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Princeton Bancorp

In other news, Director Martin Tuchman bought 22,000 shares of Princeton Bancorp stock in a transaction dated Tuesday, February 11th. The shares were acquired at an average cost of $32.71 per share, with a total value of $719,620.00. Following the completion of the transaction, the director now owns 629,141 shares in the company, valued at approximately $20,579,202.11. This trade represents a 3.62 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 23.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BPRN. Hovde Group began coverage on Princeton Bancorp in a report on Tuesday, November 19th. They set a “market perform” rating and a $40.00 price objective for the company. Janney Montgomery Scott raised Princeton Bancorp from a “neutral” rating to a “buy” rating and set a $35.00 price target for the company in a research report on Tuesday, February 4th.

Princeton Bancorp Stock Performance

NASDAQ BPRN opened at $30.10 on Tuesday. The firm has a market capitalization of $206.15 million, a price-to-earnings ratio of 17.92 and a beta of 0.54. Princeton Bancorp, Inc. has a one year low of $29.02 and a one year high of $39.35. The company’s 50 day moving average price is $32.17 and its 200 day moving average price is $35.02.

Princeton Bancorp (NASDAQ:BPRN) last issued its earnings results on Tuesday, January 28th. The company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.11). Sell-side analysts forecast that Princeton Bancorp, Inc. will post 3.35 EPS for the current fiscal year.

Princeton Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 5th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date of this dividend was Wednesday, February 5th. Princeton Bancorp’s dividend payout ratio is presently 71.43%.

Princeton Bancorp 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.