Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Acquires $31,810.68 in Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN - Get Free Report) Director Martin Tuchman bought 1,044 shares of the company's stock in a transaction on Friday, June 6th. The stock was purchased at an average cost of $30.47 per share, with a total value of $31,810.68. Following the completion of the transaction, the director now owns 117,838 shares in the company, valued at $3,590,523.86. This represents a 0.89% 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 link.

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

• On Wednesday, June 4th, Martin Tuchman acquired 2,000 shares of Princeton Bancorp stock. The shares were purchased at an average cost of $30.40 per share, with a total value of $60,800.00.
• On Thursday, May 22nd, Martin Tuchman bought 583 shares of Princeton Bancorp stock. The shares were acquired at an average price of $30.67 per share, with a total value of $17,880.61.
• On Monday, May 12th, Martin Tuchman bought 1,019 shares of Princeton Bancorp stock. The stock was bought at an average cost of $32.00 per share, for a total transaction of $32,608.00.
• On Friday, May 9th, Martin Tuchman bought 2 shares of Princeton Bancorp stock. The shares were acquired at an average price of $32.00 per share, with a total value of $64.00.
• On Wednesday, May 7th, Martin Tuchman bought 2,000 shares of Princeton Bancorp stock. The stock was purchased at an average price of $31.28 per share, with a total value of $62,560.00.
• On Monday, May 5th, Martin Tuchman bought 431 shares of Princeton Bancorp stock. The shares were bought at an average price of $30.85 per share, for a total transaction of $13,296.35.
• On Wednesday, April 30th, Martin Tuchman acquired 1,000 shares of Princeton Bancorp stock. The stock was acquired at an average cost 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 bought at an average cost of $30.00 per share, with a total value of $30,000.00.

Princeton Bancorp Price Performance

Shares of NASDAQ BPRN remained flat at $30.78 on Monday. 994 shares of the stock were exchanged, compared to its average volume of 10,076. The company has a market capitalization of $213.27 million, a PE ratio of 18.32 and a beta of 0.64. The firm's fifty day moving average is $30.09 and its 200 day moving average is $32.21. Princeton Bancorp, Inc. has a one year low of $27.25 and a one year high of $39.35.

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

Princeton Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Tuesday, May 6th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $1.20 annualized dividend and a yield of 3.90%. Princeton Bancorp's dividend payout ratio is presently 67.80%.

Institutional Investors Weigh In On Princeton Bancorp

A number of institutional investors have recently modified their holdings of BPRN. Empowered Funds LLC grew its stake in Princeton Bancorp by 1.9% in the fourth quarter. Empowered Funds LLC now owns 32,772 shares of the company's stock worth $1,128,000 after purchasing an additional 600 shares in the last quarter. Global Wealth Management Investment Advisory Inc. bought a new position in Princeton Bancorp in the 4th quarter worth about $235,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Princeton Bancorp in the fourth quarter valued at approximately $677,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in Princeton Bancorp by 6.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,950 shares of the company's stock valued at $377,000 after acquiring an additional 633 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Princeton Bancorp by 63.7% in the fourth quarter. JPMorgan Chase & Co. now owns 23,847 shares of the company's stock worth $821,000 after purchasing an additional 9,279 shares during the period. Institutional investors and hedge funds own 43.36% of the company's stock.

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.

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