Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Martin Tuchman Purchases 22,000 Shares

Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Martin Tuchman purchased 22,000 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were purchased at an average price of $32.71 per share, for a total transaction of $719,620.00. Following the completion of the purchase, the director now directly owns 629,141 shares of the company’s stock, valued at approximately $20,579,202.11. This trade represents a 3.62 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Princeton Bancorp Trading Down 2.8 %

NASDAQ BPRN opened at $31.35 on Thursday. Princeton Bancorp, Inc. has a 1-year low of $29.02 and a 1-year high of $39.35. The company has a market capitalization of $214.75 million, a price-to-earnings ratio of 18.66 and a beta of 0.59. The stock’s 50 day moving average is $34.17 and its two-hundred day moving average is $35.84.

Princeton Bancorp (NASDAQ:BPRN) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.11). On average, analysts predict that Princeton Bancorp, Inc. will post 3.35 earnings per share for the current year.

Princeton Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 5th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date of this dividend is Wednesday, February 5th. Princeton Bancorp’s dividend payout ratio (DPR) is currently 71.43%.

Hedge Funds Weigh In On Princeton Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BPRN. Copeland Capital Management LLC acquired a new stake in shares of Princeton Bancorp during the third quarter worth approximately $47,000. Princeton Capital Management LLC bought a new position in Princeton Bancorp in the 3rd quarter valued at $215,000. Wilmington Savings Fund Society FSB acquired a new position in Princeton Bancorp in the third quarter worth $222,000. GSA Capital Partners LLP bought a new stake in shares of Princeton Bancorp during the third quarter worth $235,000. Finally, Global Wealth Management Investment Advisory Inc. acquired a new stake in shares of Princeton Bancorp in the fourth quarter valued at $235,000. 43.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BPRN has been the topic of a number of research reports. Hovde Group started coverage on Princeton Bancorp in a research report on Tuesday, November 19th. They set a “market perform” rating and a $40.00 price objective on the stock. Janney Montgomery Scott upgraded shares of Princeton Bancorp from a “neutral” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Tuesday, February 4th.

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.