Insider Buying: Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Acquires 2,000 Shares of Stock

Key Points

• Martin Tuchman, Director of Princeton Bancorp, recently purchased 2,000 shares at an average price of $30.18, increasing his holdings to a total of 120,799 shares valued at approximately $3.65 million.
• Princeton Bancorp announced a quarterly dividend of $0.30 per share, resulting in an annualized dividend yield of 3.9% with a dividend payout ratio of 112.15%.
• The company's stock price rose by 1.8% during trading, reaching $30.79, with a market cap of $213.37 million and a price-to-earnings ratio of 28.78.

Princeton Bancorp, Inc. (NASDAQ:BPRN - Get Free Report) Director Martin Tuchman acquired 2,000 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was bought at an average cost of $30.18 per share, with a total value of $60,360.00. Following the completion of the transaction, the director directly owned 120,799 shares in the company, valued at $3,645,713.82. The trade was a 1.68% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, August 1st, Martin Tuchman acquired 961 shares of Princeton Bancorp stock. The stock was bought at an average cost of $30.00 per share, with a total value of $28,830.00.
• On Friday, June 6th, Martin Tuchman acquired 1,044 shares of Princeton Bancorp stock. The stock was bought at an average cost of $30.47 per share, with a total value of $31,810.68.
• On Wednesday, June 4th, Martin Tuchman acquired 2,000 shares of Princeton Bancorp stock. The stock was bought at an average cost of $30.40 per share, with a total value of $60,800.00.
• On Thursday, May 22nd, Martin Tuchman acquired 583 shares of Princeton Bancorp stock. The stock was bought at an average cost of $30.67 per share, with a total value of $17,880.61.
• On Monday, May 12th, Martin Tuchman acquired 1,019 shares of Princeton Bancorp stock. The stock was bought at an average cost of $32.00 per share, with a total value of $32,608.00.
• On Friday, May 9th, Martin Tuchman acquired 2 shares of Princeton Bancorp stock. The stock was bought at an average cost of $32.00 per share, with a total value of $64.00.
• On Wednesday, May 7th, Martin Tuchman purchased 2,000 shares of Princeton Bancorp stock. The shares were acquired at an average cost of $31.28 per share, with a total value of $62,560.00.

Princeton Bancorp Price Performance

BPRN traded up $0.25 during trading on Friday, reaching $31.91. 5,029 shares of the company's stock were exchanged, compared to its average volume of 9,744. Princeton Bancorp, Inc. has a 1 year low of $27.25 and a 1 year high of $39.35. The stock has a market capitalization of $221.14 million, a P/E ratio of 29.82 and a beta of 0.67. The company's fifty day simple moving average is $31.07 and its 200-day simple moving average is $30.95.

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

Princeton Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Wednesday, August 6th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, August 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.8%. Princeton Bancorp's dividend payout ratio (DPR) is presently 112.15%.

Institutional Investors Weigh In On Princeton Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC grew its stake in shares of Princeton Bancorp by 104.6% during the 4th quarter. Citadel Advisors LLC now owns 16,766 shares of the company's stock worth $577,000 after purchasing an additional 8,570 shares during the period. 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 period. Northern Trust Corp grew its stake in Princeton Bancorp by 14.1% in the 4th quarter. Northern Trust Corp now owns 44,179 shares of the company's stock valued at $1,521,000 after acquiring an additional 5,443 shares during the period. Squarepoint Ops LLC acquired a new stake in Princeton Bancorp in the 4th quarter valued at $216,000. Finally, Focus Partners Wealth acquired a new stake in Princeton Bancorp in the 4th quarter valued at $345,000. Institutional investors and hedge funds own 43.36% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Princeton Bancorp from a "sell" rating to a "hold" rating in a research report on Sunday, June 29th.

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.