Princeton Bancorp (NASDAQ:BPRN) Downgraded by Wall Street Zen to "Sell"

Princeton Bancorp (NASDAQ:BPRN - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday.

Princeton Bancorp Stock Up 0.2%

Shares of NASDAQ BPRN traded up $0.07 during midday trading on Friday, reaching $29.43. 11,474 shares of the company's stock traded hands, compared to its average volume of 10,173. The company has a market cap of $203.95 million, a price-to-earnings ratio of 16.63 and a beta of 0.64. The stock's 50 day simple moving average is $30.31 and its 200-day simple moving average is $31.72. Princeton Bancorp has a one year low of $27.25 and a one year high of $39.35.

Princeton Bancorp (NASDAQ:BPRN - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $0.77 earnings per share 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 will post 3.35 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Martin Tuchman purchased 1,000 shares of the stock in a transaction dated Monday, April 28th. The shares were acquired at an average cost of $30.00 per share, for a total transaction of $30,000.00. Following the acquisition, the director now owns 102,109 shares of the company's stock, valued at approximately $3,063,270. This represents a 0.99% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders bought 9,079 shares of company stock worth $279,450 and sold 1,933 shares worth $61,541. 23.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BPRN. Sequoia Financial Advisors LLC purchased a new position in Princeton Bancorp in the fourth quarter worth $677,000. Connor Clark & Lunn Investment Management Ltd. increased its position in 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 valued at $377,000 after buying an additional 633 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Princeton Bancorp by 63.7% in the fourth quarter. JPMorgan Chase & Co. now owns 23,847 shares of the company's stock valued at $821,000 after buying an additional 9,279 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Princeton Bancorp by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 116,891 shares of the company's stock worth $4,025,000 after acquiring an additional 3,890 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Princeton Bancorp by 38.6% in the fourth quarter. Wells Fargo & Company MN now owns 3,222 shares of the company's stock worth $111,000 after acquiring an additional 898 shares in the last quarter. 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.