Stephanie Adkins Sells 1,600 Shares of Princeton Bancorp (NASDAQ:BPRN) Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN) insider Stephanie Adkins sold 1,600 shares of Princeton Bancorp stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $35.04, for a total value of $56,064.00. Following the sale, the insider directly owned 21,272 shares in the company, valued at approximately $745,370.88. This trade represents a 7.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Princeton Bancorp Stock Up 1.9%

Princeton Bancorp stock opened at $36.50 on Thursday. The business has a 50 day moving average price of $35.25 and a two-hundred day moving average price of $35.08. Princeton Bancorp, Inc. has a 12 month low of $29.21 and a 12 month high of $37.99. The stock has a market cap of $248.60 million, a price-to-earnings ratio of 12.76 and a beta of 0.49.

Princeton Bancorp (NASDAQ:BPRN) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.06. The company had revenue of $21.31 million for the quarter, compared to analyst estimates of $21.06 million. Princeton Bancorp had a return on equity of 7.20% and a net margin of 14.20%. On average, analysts expect that Princeton Bancorp, Inc. will post 3.67 earnings per share for the current fiscal year.

Princeton Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Tuesday, May 5th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Tuesday, May 5th. Princeton Bancorp’s payout ratio is 48.95%.

Wall Street Analysts Forecast Growth

BPRN has been the topic of several analyst reports. Zacks Research upgraded Princeton Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Weiss Ratings downgraded Princeton Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $37.50.

Institutional Trading of Princeton Bancorp

Hedge funds have recently modified their holdings of the company. Alliancebernstein L.P. grew its position in Princeton Bancorp by 1.0% during the 3rd quarter. Alliancebernstein L.P. now owns 561,737 shares of the company’s stock worth $17,886,000 after acquiring an additional 5,810 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Princeton Bancorp by 7.5% in the first quarter. Dimensional Fund Advisors LP now owns 160,383 shares of the company’s stock worth $5,416,000 after purchasing an additional 11,235 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Princeton Bancorp by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 127,621 shares of the company’s stock worth $4,428,000 after purchasing an additional 659 shares during the last quarter. Royce & Associates LP increased its stake in shares of Princeton Bancorp by 14.3% in the third quarter. Royce & Associates LP now owns 80,366 shares of the company’s stock valued at $2,559,000 after buying an additional 10,032 shares in the last quarter. Finally, First Manhattan CO. LLC. raised its holdings in shares of Princeton Bancorp by 21.1% in the fourth quarter. First Manhattan CO. LLC. now owns 42,990 shares of the company’s stock valued at $1,491,000 after buying an additional 7,500 shares during 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.