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

Focus Partners Wealth bought a new stake in Princeton Bancorp, Inc. (NASDAQ:BPRN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,010 shares of the company's stock, valued at approximately $345,000. Focus Partners Wealth owned approximately 0.15% of Princeton Bancorp as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC boosted its holdings in Princeton Bancorp by 565.2% during the fourth 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 in the last quarter. Wells Fargo & Company MN boosted its holdings in Princeton Bancorp by 38.6% during the fourth quarter. Wells Fargo & Company MN now owns 3,222 shares of the company's stock worth $111,000 after buying an additional 898 shares in the last quarter. Bank of America Corp DE boosted its holdings in Princeton Bancorp by 49.2% during 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. purchased a new stake in Princeton Bancorp during the fourth quarter worth about $235,000. Finally, Barclays PLC boosted its holdings in Princeton Bancorp by 25.1% during the fourth quarter. Barclays PLC now owns 8,258 shares of the company's stock worth $284,000 after buying an additional 1,659 shares in the last quarter. Hedge funds and other institutional investors own 43.36% of the company's stock.

Princeton Bancorp Stock Performance

BPRN stock traded up $0.97 during trading on Tuesday, reaching $31.21. 8,257 shares of the company were exchanged, compared to its average volume of 9,899. The company has a market cap of $216.25 million, a P/E ratio of 18.58 and a beta of 0.63. Princeton Bancorp, Inc. has a 52-week low of $27.25 and a 52-week high of $39.35. The stock's 50 day moving average price is $30.11 and its 200 day moving average price is $32.62.

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

Princeton Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Tuesday, May 6th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend is Tuesday, May 6th. Princeton Bancorp's payout ratio is currently 67.80%.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Princeton Bancorp news, Director Martin Tuchman bought 1,000 shares of the business's stock in a transaction on Monday, April 28th. The stock was bought at an average price of $30.00 per share, for a total transaction of $30,000.00. Following the completion of the transaction, the director now owns 102,109 shares in the company, valued at approximately $3,063,270. The trade was a 0.99% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders acquired 6,035 shares of company stock worth $186,839 and sold 1,933 shares worth $61,541. 23.00% of the stock is currently owned by company insiders.

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.