Insider Buying: Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Acquires 1,000 Shares of 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 purchased 1,000 shares of Princeton Bancorp stock in a transaction dated Thursday, August 7th. The shares were acquired at an average cost of $31.00 per share, for a total transaction of $31,000.00. Following the transaction, the director directly owned 1,000 shares of the company's stock, valued at approximately $31,000. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

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

Princeton Bancorp Trading Down 0.4%

Shares of BPRN stock traded down $0.13 on Monday, reaching $31.78. 5,227 shares of the stock were exchanged, compared to its average volume of 9,951. The company has a market capitalization of $220.24 million, a price-to-earnings ratio of 29.70 and a beta of 0.67. The business's 50 day moving average price is $31.10 and its 200 day moving average price is $30.93. Princeton Bancorp, Inc. has a twelve month low of $27.25 and a twelve month 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 (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.12. The business had revenue of $21.06 million for the quarter, compared to analyst estimates of $19.25 million. Equities research analysts forecast that Princeton Bancorp, Inc. will post 3.35 earnings per share for the current year.

Princeton Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Wednesday, August 6th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Wednesday, August 6th. Princeton Bancorp's payout ratio is currently 112.15%.

Analysts Set New Price Targets

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

Institutional Trading of Princeton Bancorp

Institutional investors have recently modified their holdings of the stock. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Princeton Bancorp in the second quarter valued at approximately $38,000. Geode Capital Management LLC raised its position in Princeton Bancorp by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 127,347 shares of the company's stock valued at $3,890,000 after purchasing an additional 1,542 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Princeton Bancorp by 24.1% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 15,688 shares of the company's stock worth $479,000 after purchasing an additional 3,044 shares during the period. SilverOak Wealth Management LLC acquired a new stake in Princeton Bancorp during the 2nd quarter worth $232,000. Finally, Roundview Capital LLC grew its position in Princeton Bancorp by 14.9% during the 2nd quarter. Roundview Capital LLC now owns 61,792 shares of the company's stock worth $1,887,000 after purchasing an additional 8,000 shares during the last quarter. Hedge funds and other institutional investors own 43.36% of the company's stock.

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.

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