JPMorgan Chase & Co. Boosts Stock Holdings in Princeton Bancorp, Inc. (NASDAQ:BPRN)

JPMorgan Chase & Co. boosted its position in Princeton Bancorp, Inc. (NASDAQ:BPRN - Free Report) by 63.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,847 shares of the company's stock after purchasing an additional 9,279 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.35% of Princeton Bancorp worth $821,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Geode Capital Management LLC grew its stake in Princeton Bancorp by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 113,001 shares of the company's stock worth $4,179,000 after buying an additional 3,078 shares during the last quarter. State Street Corp boosted its holdings in Princeton Bancorp by 1.0% in the third quarter. State Street Corp now owns 70,670 shares of the company's stock worth $2,613,000 after acquiring an additional 733 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Princeton Bancorp by 1.9% during the fourth quarter. Empowered Funds LLC now owns 32,772 shares of the company's stock worth $1,128,000 after acquiring an additional 600 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Princeton Bancorp during the fourth quarter valued at about $677,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Princeton Bancorp by 6.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,950 shares of the company's stock valued at $377,000 after purchasing an additional 633 shares during the last quarter. 43.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Janney Montgomery Scott upgraded shares of Princeton Bancorp from a "neutral" rating to a "buy" rating and set a $35.00 price target on the stock in a research note on Tuesday, February 4th.

Insider Transactions at Princeton Bancorp

In other Princeton Bancorp news, Director Martin Tuchman purchased 22,000 shares of the stock in a transaction on Tuesday, February 11th. The shares were bought at an average cost of $32.71 per share, with a total value of $719,620.00. Following the completion of the acquisition, the director now owns 629,141 shares in the company, valued at $20,579,202.11. This trade represents a 3.62 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have acquired 24,000 shares of company stock worth $780,050 over the last 90 days. 23.00% of the stock is currently owned by company insiders.

Princeton Bancorp Price Performance

BPRN traded up $1.12 on Friday, reaching $31.17. 21,387 shares of the stock were exchanged, compared to its average volume of 9,546. The company's 50-day moving average price is $29.98 and its 200 day moving average price is $33.22. The firm has a market capitalization of $215.54 million, a PE ratio of 18.55 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 earnings results on Thursday, April 24th. The company reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.76 by $0.01. The firm had revenue of $20.95 million for the quarter, compared to analyst estimates of $20.73 million. As a group, equities analysts forecast that Princeton Bancorp, Inc. will post 3.35 earnings per share for the current fiscal year.

Princeton Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Tuesday, May 6th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Tuesday, May 6th. Princeton Bancorp's dividend payout ratio (DPR) is currently 67.80%.

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.