Princeton Bancorp, Inc. (NASDAQ:BPRN) Short Interest Down 5.9% in October

Princeton Bancorp, Inc. (NASDAQ:BPRN) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 136,000 shares, a decrease of 5.9% from the October 15th total of 144,500 shares. Based on an average trading volume of 9,500 shares, the short-interest ratio is presently 14.3 days. Approximately 2.9% of the company’s shares are short sold.

Hedge Funds Weigh In On Princeton Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the business. UBS Group AG boosted its stake in shares of Princeton Bancorp by 20.0% during the fourth quarter. UBS Group AG now owns 1,839 shares of the company’s stock valued at $58,000 after purchasing an additional 306 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Princeton Bancorp by 0.8% during the first quarter. BlackRock Inc. now owns 54,819 shares of the company’s stock valued at $1,582,000 after purchasing an additional 417 shares in the last quarter. Roundview Capital LLC boosted its stake in shares of Princeton Bancorp by 1.3% during the first quarter. Roundview Capital LLC now owns 39,938 shares of the company’s stock valued at $1,152,000 after purchasing an additional 500 shares in the last quarter. Royal Bank of Canada boosted its stake in Princeton Bancorp by 11.9% in the third quarter. Royal Bank of Canada now owns 6,294 shares of the company’s stock valued at $179,000 after acquiring an additional 667 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Princeton Bancorp by 2.3% in the second quarter. Renaissance Technologies LLC now owns 37,723 shares of the company’s stock valued at $1,031,000 after acquiring an additional 842 shares in the last quarter. 43.64% of the stock is currently owned by institutional investors.

Princeton Bancorp Price Performance

Shares of BPRN stock opened at $33.05 on Friday. The company’s 50-day simple moving average is $30.09 and its two-hundred day simple moving average is $28.79. Princeton Bancorp has a one year low of $23.49 and a one year high of $37.60. The company has a market capitalization of $208.15 million, a P/E ratio of 7.62 and a beta of 0.58.

Princeton Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Monday, November 13th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.63%. Princeton Bancorp’s dividend payout ratio is presently 27.65%.

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 various loan products comprising commercial real estate and multi-family, commercial and industrial, construction, paycheck protection program, residential first-lien mortgage, home equity, and consumer loans.