Princeton Bancorp (NASDAQ:BPRN) Stock Rating Lowered by Wall Street Zen

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

Princeton Bancorp Price Performance

NASDAQ BPRN traded down $0.20 during trading hours on Friday, reaching $30.30. The company's stock had a trading volume of 10,521 shares, compared to its average volume of 10,199. The firm has a fifty day simple moving average of $30.37 and a 200-day simple moving average of $31.62. Princeton Bancorp has a 52 week low of $27.25 and a 52 week high of $39.35. The stock has a market cap of $209.98 million, a P/E ratio of 17.12 and a beta of 0.64.

Princeton Bancorp (NASDAQ:BPRN - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.01. The business had revenue of $20.95 million for the quarter, compared to the consensus estimate of $20.73 million. On average, research analysts expect that Princeton Bancorp will post 3.35 earnings per share for the current year.

Insider Activity

In other news, Director Martin Tuchman acquired 1,000 shares of Princeton Bancorp stock in a transaction dated Wednesday, April 30th. The shares were bought at an average cost of $30.43 per share, with a total value of $30,430.00. Following the purchase, the director now owns 103,109 shares in the company, valued at $3,137,606.87. This trade represents a 0.98% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders purchased 9,079 shares of company stock valued at $279,450 and sold 1,933 shares valued at $61,541. Insiders own 21.90% of the company's stock.

Hedge Funds Weigh In On Princeton Bancorp

A number of hedge funds have recently bought and sold shares of BPRN. Systematic Financial Management LP boosted its position in Princeton Bancorp by 6.5% during the fourth quarter. Systematic Financial Management LP now owns 339,411 shares of the company's stock valued at $11,686,000 after acquiring an additional 20,639 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Princeton Bancorp during the 4th quarter valued at about $677,000. Lynch Asset Management Inc. acquired a new stake in Princeton Bancorp during the first quarter worth approximately $518,000. Focus Partners Wealth bought a new stake in Princeton Bancorp in the fourth quarter worth approximately $345,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Princeton Bancorp by 63.7% during the 4th quarter. JPMorgan Chase & Co. now owns 23,847 shares of the company's stock worth $821,000 after buying an additional 9,279 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.