Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Buys $28,830.00 in Stock

Key Points

• Director Martin Tuchman of Princeton Bancorp, Inc. purchased $28,830 worth of stock, acquiring 961 shares at an average price of $30.00 each, increasing his stake by 0.82% to a total of 118,799 shares.
• Princeton Bancorp reported quarterly earnings of $0.10 EPS, surpassing expectations, with revenues totaling $21.06 million, exceeding analysts' forecasts of $19.25 million.
• The company announced a quarterly dividend of $0.30 per share to be paid on August 29th, providing shareholders with an annualized dividend yield of 3.9% despite a payout ratio of 112.15%.

Princeton Bancorp, Inc. (NASDAQ:BPRN - Get Free Report) Director Martin Tuchman bought 961 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were purchased at an average price of $30.00 per share, for a total transaction of $28,830.00. Following the completion of the purchase, the director directly owned 118,799 shares of the company's stock, valued at approximately $3,563,970. This trade represents a 0.82% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Monday, August 4th, Martin Tuchman bought 2,000 shares of Princeton Bancorp stock. The shares were purchased at an average price of $30.18 per share, for a total transaction of $60,360.00.
• On Friday, June 6th, Martin Tuchman bought 1,044 shares of Princeton Bancorp stock. The shares were purchased at an average price of $30.47 per share, for a total transaction of $31,810.68.
• On Wednesday, June 4th, Martin Tuchman bought 2,000 shares of Princeton Bancorp stock. The shares were purchased at an average price of $30.40 per share, for a total transaction of $60,800.00.
• On Thursday, May 22nd, Martin Tuchman bought 583 shares of Princeton Bancorp stock. The shares were purchased 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 shares were purchased 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 shares were purchased 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 shares were purchased at an average price of $31.28 per share, for a total transaction of $62,560.00.

Princeton Bancorp Stock Up 0.8%

BPRN traded up $0.25 on Friday, reaching $31.91. The company's stock had a trading volume of 5,029 shares, compared to its average volume of 9,744. The stock has a 50 day moving average of $31.07 and a two-hundred day moving average of $30.95. The company has a market capitalization of $221.14 million, a price-to-earnings ratio of 29.82 and a beta of 0.67. 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 announced its quarterly earnings results on Thursday, July 24th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.12. The business had revenue of $21.06 million during the quarter, compared to analyst estimates of $19.25 million. As a group, analysts anticipate that Princeton Bancorp, Inc. will post 3.35 earnings per share for the current fiscal year.

Princeton Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Wednesday, August 6th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, August 6th. Princeton Bancorp's dividend payout ratio is 112.15%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Princeton Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Princeton Bancorp in the second quarter valued at approximately $38,000. Geode Capital Management LLC boosted its holdings in shares of Princeton Bancorp by 1.2% in the second quarter. Geode Capital Management LLC now owns 127,347 shares of the company's stock valued at $3,890,000 after acquiring an additional 1,542 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Princeton Bancorp by 24.1% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 15,688 shares of the company's stock valued at $479,000 after acquiring an additional 3,044 shares during the period. SilverOak Wealth Management LLC acquired a new stake in shares of Princeton Bancorp in the second quarter valued at approximately $232,000. Finally, Roundview Capital LLC boosted its holdings in shares of Princeton Bancorp by 14.9% in the second quarter. Roundview Capital LLC now owns 61,792 shares of the company's stock valued at $1,887,000 after acquiring an additional 8,000 shares during the period. 43.36% of the stock is owned by institutional investors and hedge funds.

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.