Princeton Bancorp (NASDAQ:BPRN) Director Acquires $84,315.00 in Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Stephen Shueh purchased 3,500 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was acquired at an average price of $24.09 per share, for a total transaction of $84,315.00. Following the purchase, the director owned 35,038 shares in the company, valued at $844,065.42. This trade represents a 11.10% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Princeton Bancorp Price Performance

BPRN stock opened at $34.81 on Friday. The company has a fifty day moving average price of $34.82 and a two-hundred day moving average price of $33.88. Princeton Bancorp, Inc. has a one year low of $27.25 and a one year high of $37.99. The stock has a market cap of $236.57 million, a price-to-earnings ratio of 12.80 and a beta of 0.49.

Princeton Bancorp (NASDAQ:BPRN) last issued its quarterly earnings data on Thursday, January 29th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.04). The firm had revenue of $20.75 million for the quarter, compared to the consensus estimate of $21.03 million. Research analysts anticipate that Princeton Bancorp, Inc. will post 3.35 EPS for the current fiscal year.

Princeton Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, February 4th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Wednesday, February 4th. Princeton Bancorp’s dividend payout ratio is currently 51.47%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Zacks Research cut Princeton Bancorp from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 3rd. Hovde Group lifted their price target on Princeton Bancorp from $35.00 to $37.50 and gave the stock a “market perform” rating in a report on Tuesday, February 3rd. Finally, Weiss Ratings upgraded Princeton Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Princeton Bancorp currently has an average rating of “Moderate Buy” and an average target price of $37.50.

Institutional Trading of Princeton Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of BPRN. Alliancebernstein L.P. raised its stake in Princeton Bancorp by 2.4% in the 2nd quarter. Alliancebernstein L.P. now owns 555,927 shares of the company’s stock worth $16,978,000 after purchasing an additional 13,280 shares in the last quarter. Fourthstone LLC grew its position in shares of Princeton Bancorp by 103.4% during the 2nd quarter. Fourthstone LLC now owns 20,454 shares of the company’s stock worth $625,000 after purchasing an additional 10,400 shares in the last quarter. Royce & Associates LP increased its holdings in shares of Princeton Bancorp by 14.3% during the third quarter. Royce & Associates LP now owns 80,366 shares of the company’s stock worth $2,559,000 after purchasing an additional 10,032 shares during the period. Focus Partners Wealth acquired a new stake in shares of Princeton Bancorp in the third quarter valued at approximately $319,000. Finally, Strs Ohio raised its position in shares of Princeton Bancorp by 1,500.0% in the fourth quarter. Strs Ohio now owns 9,600 shares of the company’s stock valued at $333,000 after buying an additional 9,000 shares in the last quarter. Institutional investors and hedge funds own 43.36% of the company’s stock.

About Princeton Bancorp

Princeton Bancorp, Inc is the bank holding company for Princeton Bank, a community-focused financial institution based in Princeton, New Jersey. Through its wholly owned subsidiary, the company offers a full suite of personal and business banking services designed to meet the needs of individuals, families and local enterprises in central and southern New Jersey.

The company’s core offerings include checking and savings accounts, consumer and commercial lending, mortgage origination and refinancing, as well as treasury management solutions for small-to-medium-sized businesses.