Princeton Bancorp (NASDAQ:BPRN) Upgraded by Wall Street Zen to Hold Rating

Princeton Bancorp (NASDAQ:BPRN - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Sunday.

Princeton Bancorp Price Performance

Shares of NASDAQ BPRN opened at $31.59 on Friday. The stock has a market capitalization of $218.92 million, a price-to-earnings ratio of 17.85 and a beta of 0.64. Princeton Bancorp has a 12 month low of $27.25 and a 12 month high of $39.35. The firm's 50 day simple moving average is $30.54 and its 200-day simple moving average is $31.47.

Princeton Bancorp (NASDAQ:BPRN - Get Free Report) last issued 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 firm had revenue of $20.95 million for the quarter, compared to analyst estimates of $20.73 million. Analysts anticipate that Princeton Bancorp will post 3.35 earnings per share for the current fiscal year.

Insider Buying and Selling at Princeton Bancorp

In related news, Director Martin Tuchman purchased 1,000 shares of Princeton Bancorp stock in a transaction dated Wednesday, April 30th. The shares were acquired at an average price of $30.43 per share, for a total transaction of $30,430.00. Following the acquisition, the director now directly owns 103,109 shares in the company, valued at approximately $3,137,606.87. The trade was a 0.98% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have bought 9,079 shares of company stock worth $279,450 and have sold 1,933 shares worth $61,541. 23.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Princeton Bancorp by 14.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,360 shares of the company's stock worth $103,000 after acquiring an additional 431 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Princeton Bancorp by 3.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 14,573 shares of the company's stock worth $445,000 after acquiring an additional 500 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Princeton Bancorp by 6.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,950 shares of the company's stock worth $377,000 after acquiring an additional 633 shares during the period. Wells Fargo & Company MN raised its holdings 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 acquiring an additional 898 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Princeton Bancorp by 565.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,071 shares of the company's stock worth $37,000 after acquiring an additional 910 shares during the period. Hedge funds and other institutional investors own 43.36% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.