Insider Selling: Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Sells 1,300 Shares of Stock

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 business's stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $30.08, for a total transaction of $39,104.00. Following the completion of the sale, the director directly owned 24,489 shares in the company, valued at approximately $736,629.12. This represents a 5.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Princeton Bancorp Trading Up 0.1%

Princeton Bancorp stock traded up $0.02 during midday trading on Friday, reaching $30.21. The company's stock had a trading volume of 7,888 shares, compared to its average volume of 9,793. The stock has a market cap of $209.36 million, a PE ratio of 28.23 and a beta of 0.62. Princeton Bancorp, Inc. has a 52 week low of $27.25 and a 52 week high of $39.35. The business has a 50-day moving average price of $31.06 and a 200-day moving average price of $31.06.

Princeton Bancorp (NASDAQ:BPRN - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.12. The company had revenue of $21.06 million during the quarter, compared to the consensus estimate of $19.25 million. As a group, research analysts predict that Princeton Bancorp, Inc. will post 3.35 EPS for the current fiscal year.

Princeton Bancorp Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC boosted its position in shares of Princeton Bancorp by 565.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,071 shares of the company's stock valued at $37,000 after purchasing an additional 910 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Princeton Bancorp by 38.6% in the fourth 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Princeton Bancorp by 14.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,360 shares of the company's stock worth $103,000 after buying an additional 431 shares in the last quarter. Bank of America Corp DE grew its position in shares of 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. Finally, Squarepoint Ops LLC bought a new stake in shares of Princeton Bancorp in the 4th quarter valued at $216,000. 43.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

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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