Martin Tuchman Purchases 583 Shares of Princeton Bancorp, Inc. (NASDAQ:BPRN) Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN - Get Free Report) Director Martin Tuchman bought 583 shares of the business's stock in a transaction dated Thursday, May 22nd. The stock was acquired at an average cost of $30.67 per share, for a total transaction of $17,880.61. Following the completion of the acquisition, the director now directly owns 112,371 shares in the company, valued at approximately $3,446,418.57. This trade represents a 0.52% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 purchased 2 shares of Princeton Bancorp stock. The shares were bought at an average cost of $32.00 per share, with a total value of $64.00.
• On Wednesday, May 7th, Martin Tuchman acquired 2,000 shares of Princeton Bancorp stock. The stock was purchased at an average cost of $31.28 per share, for a total transaction of $62,560.00.
• On Monday, May 5th, Martin Tuchman bought 431 shares of Princeton Bancorp stock. The stock was purchased at an average price 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 purchased 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 purchased at an average cost of $30.00 per share, with a total value of $30,000.00.

Princeton Bancorp Stock Performance

Princeton Bancorp stock traded up $0.75 during midday trading on Friday, reaching $31.44. The company's stock had a trading volume of 7,695 shares, compared to its average volume of 10,045. The stock's 50 day simple moving average is $30.12 and its 200 day simple moving average is $32.47. The firm has a market capitalization of $217.85 million, a PE ratio of 18.71 and a beta of 0.63. Princeton Bancorp, Inc. has a fifty-two week low of $27.25 and a fifty-two week 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, topping analysts' consensus estimates of $0.76 by $0.01. The company had revenue of $20.95 million for the quarter, compared to analysts' expectations of $20.73 million. Equities analysts predict that Princeton Bancorp, Inc. will post 3.35 earnings per share for the current year.

Princeton Bancorp Dividend Announcement

The company 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date was Tuesday, May 6th. Princeton Bancorp's dividend payout ratio is currently 67.80%.

Hedge Funds Weigh In On Princeton Bancorp

Several hedge funds have recently bought and sold shares of BPRN. Tower Research Capital LLC TRC boosted its position in Princeton Bancorp by 565.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,071 shares of the company's stock worth $37,000 after purchasing an additional 910 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Princeton Bancorp by 38.6% during the 4th 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. boosted its position in shares of Princeton Bancorp by 14.7% in the 1st 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 in the last quarter. Bank of America Corp DE grew its stake in Princeton Bancorp by 49.2% in the 4th quarter. Bank of America Corp DE now owns 5,509 shares of the company's stock valued at $190,000 after acquiring an additional 1,816 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in Princeton Bancorp in the 4th quarter valued at about $216,000. 43.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.