Wilmington Savings Fund Society FSB Makes New $222,000 Investment in Princeton Bancorp, Inc. (NASDAQ:BPRN)

Wilmington Savings Fund Society FSB bought a new stake in Princeton Bancorp, Inc. (NASDAQ:BPRN) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,000 shares of the company’s stock, valued at approximately $222,000.

A number of other institutional investors have also made changes to their positions in the business. Systematic Financial Management LP grew its holdings in Princeton Bancorp by 11.1% during the 3rd quarter. Systematic Financial Management LP now owns 318,772 shares of the company’s stock worth $11,788,000 after acquiring an additional 31,777 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Princeton Bancorp during the third quarter valued at approximately $382,000. Acadian Asset Management LLC increased its holdings in shares of Princeton Bancorp by 1.5% in the second quarter. Acadian Asset Management LLC now owns 79,958 shares of the company’s stock valued at $2,644,000 after purchasing an additional 1,202 shares in the last quarter. LSV Asset Management raised its position in Princeton Bancorp by 66.5% in the 2nd quarter. LSV Asset Management now owns 24,635 shares of the company’s stock worth $815,000 after purchasing an additional 9,835 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Princeton Bancorp by 4.5% during the 2nd quarter. Renaissance Technologies LLC now owns 41,523 shares of the company’s stock worth $1,374,000 after buying an additional 1,800 shares in the last quarter. 43.36% of the stock is owned by institutional investors.

Princeton Bancorp Stock Down 5.9 %

Shares of BPRN stock opened at $34.71 on Thursday. The firm has a market cap of $237.73 million, a price-to-earnings ratio of 19.83 and a beta of 0.60. Princeton Bancorp, Inc. has a 12 month low of $29.02 and a 12 month high of $39.35. The stock has a 50-day moving average price of $37.09 and a 200 day moving average price of $35.73.

Princeton Bancorp (NASDAQ:BPRN) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.06). The firm had revenue of $33.87 million for the quarter, compared to the consensus estimate of $19.30 million. During the same period last year, the company posted $0.80 EPS. Sell-side analysts predict that Princeton Bancorp, Inc. will post 2.98 earnings per share for the current fiscal year.

Princeton Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 28th. Shareholders of record on Tuesday, November 5th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.46%. The ex-dividend date was Tuesday, November 5th. Princeton Bancorp’s payout ratio is 68.57%.

Wall Street Analyst Weigh In

Separately, Hovde Group began coverage on Princeton Bancorp in a research note on Tuesday, November 19th. They issued a “market perform” rating and a $40.00 target price for the company.

About Princeton Bancorp

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.