Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Purchases $31,000.00 in Stock

Key Points

• Princeton Bancorp, Inc. Director Martin Tuchman recently acquired 1,000 shares at $31.00 each, totaling $31,000, increasing his total stock ownership significantly.
• The company announced a quarterly dividend of $0.30 per share, which translates to a 3.8% dividend yield, with the ex-dividend date set for August 6th.
• In the latest earnings report, Princeton Bancorp reported an EPS of $0.10, exceeding estimates by $0.12 and generating revenue of $21.06 million, surpassing expectations of $19.25 million.

Princeton Bancorp, Inc. (NASDAQ:BPRN - Get Free Report) Director Martin Tuchman acquired 1,000 shares of the company's stock in a transaction on Thursday, August 7th. The stock was acquired at an average price of $31.00 per share, with a total value of $31,000.00. Following the purchase, the director directly owned 1,000 shares in the company, valued at approximately $31,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Martin Tuchman also recently made the following trade(s):

• On Monday, August 4th, Martin Tuchman bought 2,000 shares of Princeton Bancorp stock. The stock was purchased at an average cost of $30.18 per share, for a total transaction of $60,360.00.
• On Friday, August 1st, Martin Tuchman bought 961 shares of Princeton Bancorp stock. The stock was purchased at an average cost of $30.00 per share, for a total transaction of $28,830.00.
• On Friday, June 6th, Martin Tuchman bought 1,044 shares of Princeton Bancorp stock. The stock was purchased at an average cost of $30.47 per share, for a total transaction of $31,810.68.
• On Wednesday, June 4th, Martin Tuchman bought 2,000 shares of Princeton Bancorp stock. The stock was purchased at an average cost of $30.40 per share, for a total transaction of $60,800.00.
• On Thursday, May 22nd, Martin Tuchman bought 583 shares of Princeton Bancorp stock. The stock was purchased at an average cost of $30.67 per share, for a total transaction of $17,880.61.

Princeton Bancorp Trading Down 0.4%

BPRN traded down $0.14 during trading on Friday, reaching $32.50. 2,560 shares of the company's stock were exchanged, compared to its average volume of 9,823. Princeton Bancorp, Inc. has a one year low of $27.25 and a one year high of $39.35. The stock has a market capitalization of $219.34 million, a PE ratio of 30.37 and a beta of 0.67. The firm has a fifty day moving average price of $31.25 and a two-hundred day moving average price of $30.96.

Princeton Bancorp (NASDAQ:BPRN - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates of ($0.02) by $0.12. The business had revenue of $21.06 million for the quarter, compared to the consensus estimate of $19.25 million. Sell-side analysts expect that Princeton Bancorp, Inc. will post 3.35 earnings per share 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 given a $0.30 dividend. The ex-dividend date is Wednesday, August 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.7%. Princeton Bancorp's payout ratio is 112.15%.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BPRN. Systematic Financial Management LP lifted its position in shares of Princeton Bancorp by 6.5% in the 4th quarter. Systematic Financial Management LP now owns 339,411 shares of the company's stock worth $11,686,000 after purchasing an additional 20,639 shares during the period. Lynch Asset Management Inc. acquired a new position in shares of Princeton Bancorp in the 1st quarter worth approximately $518,000. Alliancebernstein L.P. lifted its position in shares of Princeton Bancorp by 2.4% in the 2nd quarter. Alliancebernstein L.P. now owns 555,927 shares of the company's stock worth $16,978,000 after purchasing an additional 13,280 shares during the period. Fourthstone LLC lifted its position in shares of Princeton Bancorp by 103.4% during the 2nd quarter. Fourthstone LLC now owns 20,454 shares of the company's stock valued at $625,000 after acquiring an additional 10,400 shares during the period. Finally, Focus Partners Wealth bought a new position in Princeton Bancorp during the fourth quarter worth $345,000. Institutional investors and hedge funds own 43.36% of the company's stock.

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.