Martin Tuchman Buys 10,000 Shares of Princeton Bancorp (NASDAQ:BPRN) Stock

Key Points

• Martin Tuchman, a director at Princeton Bancorp, purchased 10,000 shares of stock at an average price of $33.00 per share, bringing his total to 639,141 shares valued at about $21 million.
• Princeton Bancorp's stock has decreased by 0.4%, trading at $32.90, with a market cap of approximately $222 million and a P/E ratio of 30.75.
• The company recently announced a $0.30 quarterly dividend, reflecting a yield of 3.6%, despite a high dividend payout ratio of 112.15%.

Princeton Bancorp, Inc. (NASDAQ:BPRN - Get Free Report) Director Martin Tuchman bought 10,000 shares of the firm's stock in a transaction dated Monday, September 8th. The stock was purchased at an average price of $33.00 per share, for a total transaction of $330,000.00. Following the transaction, the director owned 639,141 shares of the company's stock, valued at approximately $21,091,653. This represents a 1.59% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, August 7th, Martin Tuchman bought 1,000 shares of Princeton Bancorp stock. The stock was acquired at an average price of $31.00 per share, for a total transaction of $31,000.00.
• On Monday, August 4th, Martin Tuchman acquired 2,000 shares of Princeton Bancorp stock. The stock was purchased at an average price of $30.18 per share, for a total transaction of $60,360.00.
• On Friday, August 1st, Martin Tuchman acquired 961 shares of Princeton Bancorp stock. The stock was purchased at an average price of $30.00 per share, for a total transaction of $28,830.00.

Princeton Bancorp Trading Down 0.9%

BPRN traded down $0.31 on Friday, hitting $32.47. 4,795 shares of the company were exchanged, compared to its average volume of 6,369. Princeton Bancorp, Inc. has a twelve month low of $27.25 and a twelve month high of $39.35. The company has a market cap of $219.17 million, a price-to-earnings ratio of 30.35 and a beta of 0.66. The firm has a 50-day moving average price of $32.35 and a two-hundred day moving average price of $31.09.

Princeton Bancorp (NASDAQ:BPRN - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.12. The company had revenue of $21.06 million for the quarter, compared to analyst estimates of $19.25 million. Equities analysts expect that Princeton Bancorp, Inc. will post 3.35 EPS for the current year.

Princeton Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Wednesday, August 6th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Wednesday, August 6th. Princeton Bancorp's dividend payout ratio is currently 112.15%.

Analyst Ratings Changes

Separately, Wall Street Zen raised Princeton Bancorp from a "sell" rating to a "hold" rating in a research report on Sunday, June 29th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $37.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BPRN. Tower Research Capital LLC TRC boosted its position in shares of Princeton Bancorp by 565.2% in 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 during the period. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Princeton Bancorp in the 2nd quarter valued at about $38,000. Raymond James Financial Inc. acquired a new stake in shares of Princeton Bancorp in the 2nd quarter valued at about $61,000. Tower Research Capital LLC TRC boosted its position in shares of Princeton Bancorp by 584.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,191 shares of the company's stock valued at $67,000 after purchasing an additional 1,871 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of Princeton Bancorp by 38.6% in the 4th 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. 43.36% of the stock is owned by institutional investors and hedge funds.

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.