Systematic Financial Management LP Buys 20,639 Shares of Princeton Bancorp, Inc. (NASDAQ:BPRN)

Systematic Financial Management LP grew its stake in Princeton Bancorp, Inc. (NASDAQ:BPRN - Free Report) by 6.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 339,411 shares of the company's stock after buying an additional 20,639 shares during the period. Systematic Financial Management LP owned 4.95% of Princeton Bancorp worth $11,686,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC boosted its holdings in shares of Princeton Bancorp by 262.2% during the 3rd quarter. Barclays PLC now owns 6,599 shares of the company's stock worth $244,000 after buying an additional 4,777 shares in the last quarter. Empowered Funds LLC grew its holdings in Princeton Bancorp by 1.9% during 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 holdings in Princeton Bancorp by 98.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,568 shares of the company's stock worth $539,000 after acquiring an additional 7,220 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Princeton Bancorp by 38.6% during the 4th quarter. Wells Fargo & Company MN now owns 3,222 shares of the company's stock valued at $111,000 after buying an additional 898 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Princeton Bancorp by 6.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,950 shares of the company's stock valued at $377,000 after purchasing an additional 633 shares in the last quarter. Institutional investors and hedge funds own 43.36% of the company's stock.

Insider Activity at Princeton Bancorp

In other Princeton Bancorp news, insider Stephanie Adkins sold 1,000 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $31.37, for a total transaction of $31,370.00. Following the completion of the transaction, the insider now owns 10,794 shares of the company's stock, valued at approximately $338,607.78. This trade represents a 8.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Martin Tuchman bought 1,019 shares of the company's stock in a transaction dated Monday, May 12th. The shares were acquired 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 approximately $3,577,216. This represents a 0.92% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 5,452 shares of company stock worth $168,958 and have sold 1,933 shares worth $61,541. 23.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

Princeton Bancorp Stock Performance

BPRN stock traded down $0.05 during trading on Friday, hitting $30.45. 467 shares of the company traded hands, compared to its average volume of 9,862. The company has a 50-day moving average of $30.12 and a 200-day moving average of $32.81. The firm has a market capitalization of $211.02 million, a PE ratio of 18.13 and a beta of 0.63. Princeton Bancorp, Inc. has a 1 year low of $27.25 and a 1 year high of $39.35.

Princeton Bancorp (NASDAQ:BPRN - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.76 by $0.01. The firm had revenue of $20.95 million during the quarter, compared to analysts' expectations of $20.73 million. Sell-side analysts expect that Princeton Bancorp, Inc. will post 3.35 EPS for the current year.

Princeton Bancorp Announces Dividend

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 issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend is Tuesday, May 6th. Princeton Bancorp's dividend payout ratio (DPR) is currently 67.80%.

Princeton Bancorp Company 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.