Royce & Associates LP Decreases Stake in Princeton Bancorp, Inc. (NASDAQ:BPRN)

Key Points

• Royce & Associates LP reduced its stake in Princeton Bancorp by 16.8%, now holding 53,934 shares valued at approximately $1.65 million as reported in their recent SEC filing.
• Princeton Bancorp's stock recently saw a 1.2% decline, with current trading at $31.31, and it announced a quarterly dividend of $0.30 per share, yielding 3.83%.
• Company insiders have actively traded shares, with notable transactions including Stephanie Adkins selling 1,000 shares while Martin Tuchman bought 1,044 shares, indicating varying confidence among company insiders.

Royce & Associates LP lowered its position in shares of Princeton Bancorp, Inc. (NASDAQ:BPRN - Free Report) by 16.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,934 shares of the company's stock after selling 10,853 shares during the quarter. Royce & Associates LP owned 0.78% of Princeton Bancorp worth $1,648,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its position in Princeton Bancorp by 565.2% during 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 period. Wells Fargo & Company MN increased its position in Princeton Bancorp by 38.6% during the 4th quarter. Wells Fargo & Company MN now owns 3,222 shares of the company's stock worth $111,000 after buying an additional 898 shares during the period. Bank of America Corp DE increased its position in Princeton Bancorp by 49.2% during the 4th 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 during the period. Squarepoint Ops LLC bought a new position in Princeton Bancorp during the 4th quarter worth $216,000. Finally, Global Wealth Management Investment Advisory Inc. increased its position in Princeton Bancorp by 15.9% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 7,902 shares of the company's stock worth $241,000 after buying an additional 1,086 shares during the period. Institutional investors and hedge funds own 43.36% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Princeton Bancorp from a "sell" rating to a "hold" rating in a report on Sunday, June 29th.

Insider Transactions at Princeton Bancorp

In other Princeton Bancorp news, insider Stephanie Adkins sold 1,000 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $31.37, for a total transaction of $31,370.00. Following the completion of the sale, the insider owned 10,794 shares of the company's stock, valued at approximately $338,607.78. This represents a 8.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Martin Tuchman bought 1,044 shares of the firm's stock in a transaction on Friday, June 6th. The shares were purchased at an average cost of $30.47 per share, with a total value of $31,810.68. Following the transaction, the director directly owned 117,838 shares in the company, valued at approximately $3,590,523.86. This trade represents a 0.89% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 7,079 shares of company stock worth $219,020 and have sold 1,933 shares worth $61,541. Company insiders own 23.00% of the company's stock.

Princeton Bancorp Stock Down 0.4%

Shares of BPRN traded down $0.12 during trading hours on Friday, hitting $30.08. 5,121 shares of the company were exchanged, compared to its average volume of 9,774. The firm's fifty day moving average is $31.06 and its 200 day moving average is $31.06. The company has a market cap of $208.42 million, a price-to-earnings ratio of 28.11 and a beta of 0.62. Princeton Bancorp, Inc. has a fifty-two week low of $27.25 and a fifty-two week high of $39.35.

Princeton Bancorp (NASDAQ:BPRN - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.12. The business had revenue of $21.06 million during the quarter, compared to analyst estimates of $19.25 million. Analysts anticipate that Princeton Bancorp, Inc. will post 3.35 EPS for the current year.

Princeton Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Wednesday, August 6th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, August 6th. Princeton Bancorp's dividend payout ratio (DPR) is presently 112.15%.

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.