Citadel Advisors LLC Has $577,000 Stock Position in Princeton Bancorp, Inc. (NASDAQ:BPRN)

Citadel Advisors LLC grew its position in Princeton Bancorp, Inc. (NASDAQ:BPRN - Free Report) by 104.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,766 shares of the company's stock after acquiring an additional 8,570 shares during the quarter. Citadel Advisors LLC owned approximately 0.24% of Princeton Bancorp worth $577,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in BPRN. Empowered Funds LLC increased its holdings in shares of Princeton Bancorp by 1.9% in the 4th quarter. Empowered Funds LLC now owns 32,772 shares of the company's stock valued at $1,128,000 after acquiring an additional 600 shares during the last quarter. Global Wealth Management Investment Advisory Inc. bought a new position in Princeton Bancorp during the 4th quarter worth $235,000. Sequoia Financial Advisors LLC bought a new position in Princeton Bancorp during the 4th quarter worth $677,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in Princeton Bancorp by 6.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,950 shares of the company's stock worth $377,000 after buying an additional 633 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake 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 buying an additional 9,279 shares during the last quarter. 43.36% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Martin Tuchman acquired 1,000 shares of the business's stock in a transaction dated Wednesday, April 30th. The stock was acquired at an average price of $30.43 per share, for a total transaction of $30,430.00. Following the completion of the acquisition, the director now directly owns 103,109 shares in the company, valued at $3,137,606.87. This represents a 0.98% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Over the last 90 days, insiders bought 8,035 shares of company stock worth $247,639 and sold 1,933 shares worth $61,541. Insiders own 23.00% of the company's stock.

Princeton Bancorp Trading Down 0.3%

BPRN traded down $0.08 during trading on Thursday, reaching $30.29. 15,541 shares of the company were exchanged, compared to its average volume of 10,087. The stock has a market cap of $209.88 million, a P/E ratio of 18.03 and a beta of 0.63. The firm has a 50 day moving average of $30.09 and a 200 day moving average of $32.35. Princeton Bancorp, Inc. has a 52 week low of $27.25 and a 52 week high of $39.35.

Princeton Bancorp (NASDAQ:BPRN - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.01. The business had revenue of $20.95 million during the quarter, compared to the consensus estimate of $20.73 million. As a group, analysts forecast that Princeton Bancorp, Inc. will post 3.35 earnings per share for the current fiscal year.

Princeton Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Tuesday, May 6th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $1.20 annualized dividend and a dividend yield of 3.96%. Princeton Bancorp's dividend payout ratio (DPR) is 67.80%.

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.