Stephen Shueh Purchases 3,500 Shares of Princeton Bancorp (NASDAQ:BPRN) Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Stephen Shueh acquired 3,500 shares of the 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 transaction, the director directly owned 35,038 shares of the company’s stock, valued at $844,065.42. This represents a 11.10% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Princeton Bancorp Stock Performance

NASDAQ:BPRN opened at $34.81 on Friday. Princeton Bancorp, Inc. has a 52-week low of $27.25 and a 52-week high of $37.99. The stock has a fifty day moving average of $34.82 and a 200 day moving average of $33.86. The firm has a market capitalization of $236.71 million, a price-to-earnings ratio of 12.80 and a beta of 0.49.

Princeton Bancorp (NASDAQ:BPRN) last announced its earnings results on Thursday, January 29th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.04). The business had revenue of $20.75 million during the quarter, compared to analyst estimates of $21.03 million. Equities analysts forecast that Princeton Bancorp, Inc. will post 3.35 earnings per share for the current fiscal year.

Princeton Bancorp Announces Dividend

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

Institutional Trading of Princeton Bancorp

A number of hedge funds have recently bought and sold shares of BPRN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Princeton Bancorp by 14.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,360 shares of the company’s stock worth $103,000 after buying an additional 431 shares in the last quarter. Empowered Funds LLC grew its position in Princeton Bancorp by 3.6% during the first quarter. Empowered Funds LLC now owns 33,941 shares of the company’s stock valued at $1,037,000 after acquiring an additional 1,169 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Princeton Bancorp by 1.2% during the second quarter. Geode Capital Management LLC now owns 127,347 shares of the company’s stock worth $3,890,000 after acquiring an additional 1,542 shares in the last quarter. Systematic Financial Management LP lifted its holdings in shares of Princeton Bancorp by 1.0% in the 2nd quarter. Systematic Financial Management LP now owns 345,247 shares of the company’s stock worth $10,544,000 after acquiring an additional 3,269 shares during the last quarter. Finally, Fourthstone LLC lifted its holdings in shares of Princeton Bancorp by 103.4% in the 2nd quarter. Fourthstone LLC now owns 20,454 shares of the company’s stock worth $625,000 after acquiring an additional 10,400 shares during the last quarter. Institutional investors own 43.36% of the company’s stock.

Wall Street Analyst Weigh In

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

Princeton Bancorp Company Profile

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.