Short Interest in Princeton Bancorp, Inc. (NASDAQ:BPRN) Drops By 26.6%

Princeton Bancorp, Inc. (NASDAQ:BPRN - Get Free Report) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 89,200 shares, a decrease of 26.6% from the March 15th total of 121,500 shares. Based on an average daily volume of 12,200 shares, the short-interest ratio is currently 7.3 days. Currently, 1.9% of the company's shares are short sold.

Insider Transactions at Princeton Bancorp

In other Princeton Bancorp news, Director Martin Tuchman bought 5,000 shares of the company's stock in a transaction on Friday, March 15th. The shares were bought at an average cost of $29.74 per share, for a total transaction of $148,700.00. Following the acquisition, the director now directly owns 88,819 shares in the company, valued at $2,641,477.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders have purchased 17,431 shares of company stock worth $536,568. Insiders own 23.00% of the company's stock.

Institutional Trading of Princeton Bancorp

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Princeton Bancorp by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 299,911 shares of the company's stock valued at $10,767,000 after buying an additional 2,057 shares in the last quarter. Barclays PLC bought a new stake in shares of Princeton Bancorp in the 4th quarter valued at about $251,000. Nuveen Asset Management LLC bought a new stake in shares of Princeton Bancorp in the 4th quarter valued at about $269,000. Bridgeway Capital Management LLC raised its position in shares of Princeton Bancorp by 2.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 81,650 shares of the company's stock valued at $2,931,000 after purchasing an additional 2,304 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in shares of Princeton Bancorp in the 4th quarter valued at approximately $282,000. 43.36% of the stock is currently owned by institutional investors.

Princeton Bancorp Stock Performance

Princeton Bancorp stock traded down $0.38 during midday trading on Friday, hitting $29.40. 3,862 shares of the company's stock were exchanged, compared to its average volume of 12,499. Princeton Bancorp has a 12 month low of $23.49 and a 12 month high of $38.19. The firm has a 50-day moving average of $30.90 and a two-hundred day moving average of $32.13. The company has a market cap of $186.40 million, a PE ratio of 7.30 and a beta of 0.58.

Princeton Bancorp (NASDAQ:BPRN - Get Free Report) last issued its earnings results on Thursday, January 25th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.05. The business had revenue of $17.79 million for the quarter, compared to the consensus estimate of $18.48 million. As a group, equities analysts expect that Princeton Bancorp will post 2.82 earnings per share for the current year.

Princeton Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date was Thursday, February 8th. Princeton Bancorp's dividend payout ratio is currently 29.78%.

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, commercial business loan, and consumer loans, as well as home equity loans, lines of credit, industrial, and residential first-lien mortgage loans.