Martin Tuchman Buys 2,000 Shares of Princeton Bancorp, Inc. (NASDAQ:BPRN) Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN - Get Free Report) Director Martin Tuchman bought 2,000 shares of the company's stock in a transaction dated Wednesday, June 4th. The stock was bought at an average price of $30.40 per share, for a total transaction of $60,800.00. Following the acquisition, the director now directly owns 114,794 shares of the company's stock, valued at approximately $3,489,737.60. This represents a 1.77% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, May 22nd, Martin Tuchman bought 583 shares of Princeton Bancorp stock. The stock was bought at an average price of $30.67 per share, for a total transaction 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 price 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 stock was bought at an average price of $32.00 per share, for a total transaction of $64.00.
• On Wednesday, May 7th, Martin Tuchman bought 2,000 shares of Princeton Bancorp stock. The stock was bought at an average price of $31.28 per share, for a total transaction of $62,560.00.
• On Monday, May 5th, Martin Tuchman purchased 431 shares of Princeton Bancorp stock. The shares were acquired at an average cost of $30.85 per share, with a total value of $13,296.35.
• On Wednesday, April 30th, Martin Tuchman purchased 1,000 shares of Princeton Bancorp stock. The shares were acquired at an average cost of $30.43 per share, with a total value 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.

Princeton Bancorp Trading Up 1.6%

Shares of BPRN traded up $0.49 on Friday, reaching $30.78. 4,956 shares of the company's stock traded hands, compared to its average volume of 10,089. The stock has a market cap of $213.27 million, a PE ratio of 18.32 and a beta of 0.63. The stock's 50 day simple moving average is $30.09 and its two-hundred day simple moving average is $32.31. Princeton Bancorp, Inc. has a 52-week low of $27.25 and a 52-week high of $39.35.

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

Princeton Bancorp Announces Dividend

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

Institutional Trading of Princeton Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of BPRN. Tower Research Capital LLC TRC increased its position in Princeton Bancorp by 565.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,071 shares of the company's stock worth $37,000 after buying an additional 910 shares during the last quarter. Wells Fargo & Company MN increased its position in Princeton Bancorp by 38.6% in the fourth quarter. Wells Fargo & Company MN now owns 3,222 shares of the company's stock worth $111,000 after buying an additional 898 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Princeton Bancorp by 14.7% in the first 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 during the last quarter. Bank of America Corp DE increased its position in Princeton Bancorp by 49.2% in the fourth 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 last quarter. Finally, Squarepoint Ops LLC purchased a new stake in Princeton Bancorp in the fourth quarter worth $216,000. 43.36% of the stock is owned by hedge funds and other institutional investors.

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.