Focus Partners Wealth Acquires New Holdings in Princeton Bancorp, Inc. (NASDAQ:BPRN)

Focus Partners Wealth bought a new position in Princeton Bancorp, Inc. (NASDAQ:BPRN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 10,010 shares of the company's stock, valued at approximately $345,000. Focus Partners Wealth owned about 0.15% of Princeton Bancorp as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tower Research Capital LLC TRC boosted its stake in shares of Princeton Bancorp by 565.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,071 shares of the company's stock worth $37,000 after buying an additional 910 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Princeton Bancorp by 38.6% in the 4th quarter. Wells Fargo & Company MN now owns 3,222 shares of the company's stock worth $111,000 after purchasing an additional 898 shares during the period. Bank of America Corp DE increased its position in Princeton Bancorp by 49.2% in the fourth quarter. Bank of America Corp DE now owns 5,509 shares of the company's stock worth $190,000 after buying an additional 1,816 shares in the last quarter. Global Wealth Management Investment Advisory Inc. bought a new position in shares of Princeton Bancorp in the fourth quarter worth about $235,000. Finally, Barclays PLC lifted its position in shares of Princeton Bancorp by 25.1% during the 4th quarter. Barclays PLC now owns 8,258 shares of the company's stock valued at $284,000 after buying an additional 1,659 shares in the last quarter. Institutional investors own 43.36% of the company's stock.

Insider Transactions at Princeton Bancorp

In related news, Director Martin Tuchman bought 1,019 shares of the company's stock in a transaction dated Monday, May 12th. The stock was purchased at an average price of $32.00 per share, for a total transaction of $32,608.00. Following the acquisition, the director now owns 111,788 shares in the company, valued at $3,577,216. This trade represents a 0.92% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Stephanie Adkins sold 1,000 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $31.37, for a total value of $31,370.00. Following the sale, the insider now owns 10,794 shares in the company, valued at $338,607.78. The trade was a 8.48% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have acquired 5,452 shares of company stock worth $168,958 and have sold 1,933 shares worth $61,541. Insiders own 23.00% of the company's stock.

Analysts Set New Price Targets

Separately, Janney Montgomery Scott raised shares of Princeton Bancorp from a "neutral" rating to a "buy" rating and set a $35.00 price objective for the company in a research note on Tuesday, February 4th.

Princeton Bancorp Price Performance

Shares of NASDAQ:BPRN traded up $1.55 during trading on Tuesday, hitting $31.79. 1,015 shares of the company's stock were exchanged, compared to its average volume of 9,871. The business's 50-day simple moving average is $30.11 and its 200 day simple moving average is $32.63. Princeton Bancorp, Inc. has a 52-week low of $27.25 and a 52-week high of $39.35. The company has a market cap of $220.27 million, a price-to-earnings ratio of 18.92 and a beta of 0.63.

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 for the quarter, beating the consensus estimate of $0.76 by $0.01. The firm had revenue of $20.95 million for the quarter, compared to analysts' expectations of $20.73 million. On average, sell-side analysts anticipate that Princeton Bancorp, Inc. will post 3.35 EPS for the current fiscal year.

Princeton Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Tuesday, May 6th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.77%. Princeton Bancorp's payout ratio is currently 67.80%.

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.