Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Judith A. Giacin Sells 1,300 Shares

Key Points

• Judith A. Giacin, a director at Princeton Bancorp, sold 1,300 shares at an average price of $30.08, totaling approximately $39,104, which represents a 5.04% decrease in her ownership stake.
• Princeton Bancorp recently announced a quarterly dividend of $0.30 per share, with a significant dividend payout ratio of 112.15% and an annualized yield of 4.0%.
• The company reported a quarterly EPS of $0.10, exceeding expectations significantly, alongside revenue of $21.06 million, compared to a forecast of $19.25 million.

Princeton Bancorp, Inc. (NASDAQ:BPRN - Get Free Report) Director Judith A. Giacin sold 1,300 shares of the firm's stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $30.08, for a total value of $39,104.00. Following the completion of the sale, the director directly owned 24,489 shares of the company's stock, valued at $736,629.12. This trade represents a 5.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Princeton Bancorp Stock Performance

BPRN stock traded up $0.55 during mid-day trading on Tuesday, reaching $30.79. The company had a trading volume of 2,661 shares, compared to its average volume of 9,904. The company has a market capitalization of $213.37 million, a price-to-earnings ratio of 28.78 and a beta of 0.67. The firm has a fifty day simple moving average of $31.05 and a 200 day simple moving average of $30.99. 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 issued its earnings results on Thursday, July 24th. The company reported $0.10 earnings per share 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. As a group, analysts predict that Princeton Bancorp, Inc. will post 3.35 earnings per share for the current year.

Princeton Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Wednesday, August 6th will be paid 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 3.9%. Princeton Bancorp's payout ratio is 112.15%.

Wall Street Analyst Weigh In

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

Institutional Trading of Princeton Bancorp

Institutional investors have recently modified their holdings of the business. SilverOak Wealth Management LLC acquired a new position in shares of Princeton Bancorp in the second quarter worth $232,000. Roundview Capital LLC increased its stake in Princeton Bancorp by 14.9% in the second quarter. Roundview Capital LLC now owns 61,792 shares of the company's stock valued at $1,887,000 after purchasing an additional 8,000 shares during the last quarter. Empowered Funds LLC increased its stake in Princeton Bancorp by 3.6% in the first quarter. Empowered Funds LLC now owns 33,941 shares of the company's stock valued at $1,037,000 after purchasing an additional 1,169 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Princeton Bancorp by 14.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,360 shares of the company's stock valued at $103,000 after purchasing an additional 431 shares during the last quarter. Finally, Systematic Financial Management LP increased its stake in Princeton Bancorp by 0.8% in the first quarter. Systematic Financial Management LP now owns 341,978 shares of the company's stock valued at $10,447,000 after purchasing an additional 2,567 shares during the last quarter. 43.36% of the stock is currently owned by hedge funds and other institutional investors.

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.