Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Purchases $13,296.35 in Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN - Get Free Report) Director Martin Tuchman bought 431 shares of the company's stock in a transaction dated Monday, May 5th. The stock was purchased at an average cost of $30.85 per share, for a total transaction of $13,296.35. Following the completion of the acquisition, the director now owns 104,540 shares in the company, valued at $3,225,059. This trade represents a 0.41% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, May 7th, Martin Tuchman bought 2,000 shares of Princeton Bancorp stock. The shares were acquired at an average price of $31.28 per share, for a total transaction of $62,560.00.
• On Wednesday, April 30th, Martin Tuchman bought 1,000 shares of Princeton Bancorp stock. The shares were acquired at an average price of $30.43 per share, for a total transaction of $30,430.00.
• On Monday, April 28th, Martin Tuchman purchased 1,000 shares of Princeton Bancorp stock. The shares were acquired at an average cost of $30.00 per share, with a total value of $30,000.00.
• On Tuesday, February 11th, Martin Tuchman acquired 22,000 shares of Princeton Bancorp stock. The shares were acquired at an average price of $32.71 per share, with a total value of $719,620.00.

Princeton Bancorp Price Performance

Shares of NASDAQ:BPRN traded up $0.53 during trading on Monday, hitting $32.27. The company's stock had a trading volume of 14,826 shares, compared to its average volume of 9,744. Princeton Bancorp, Inc. has a 12 month low of $27.25 and a 12 month high of $39.35. The company has a 50-day moving average of $29.90 and a 200-day moving average of $33.01. The firm has a market cap of $223.15 million, a price-to-earnings ratio of 19.21 and a beta of 0.63.

Princeton Bancorp (NASDAQ:BPRN - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.01. The business had revenue of $20.95 million for the quarter, compared to the consensus estimate of $20.73 million. As a group, research analysts anticipate that Princeton Bancorp, Inc. will post 3.35 earnings per share for the current year.

Princeton Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Tuesday, May 6th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.72%. Princeton Bancorp's dividend payout ratio (DPR) is 67.80%.

Wall Street Analyst Weigh In

Separately, Janney Montgomery Scott raised shares of Princeton Bancorp from a "neutral" rating to a "buy" rating and set a $35.00 price target on the stock in a research report on Tuesday, February 4th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BPRN. Barclays PLC grew its holdings in shares of Princeton Bancorp by 262.2% during the 3rd quarter. Barclays PLC now owns 6,599 shares of the company's stock worth $244,000 after purchasing an additional 4,777 shares during the period. Empowered Funds LLC increased its position in Princeton Bancorp by 1.9% during the fourth quarter. Empowered Funds LLC now owns 32,772 shares of the company's stock worth $1,128,000 after buying an additional 600 shares during the period. JPMorgan Chase & Co. increased its position in Princeton Bancorp by 98.3% during the third quarter. JPMorgan Chase & Co. now owns 14,568 shares of the company's stock worth $539,000 after buying an additional 7,220 shares during the period. Wells Fargo & Company MN increased its holdings in shares of 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 purchasing an additional 898 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Princeton Bancorp by 6.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,950 shares of the company's stock valued at $377,000 after buying an additional 633 shares in the last quarter. 43.36% of the stock is owned by institutional investors and hedge funds.

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.