Princeton Bancorp (NASDAQ:BPRN) Trading Up 0.1% – Should You Buy?

Princeton Bancorp, Inc. (NASDAQ:BPRN)’s share price rose 0.1% during trading on Thursday . The company traded as high as $39.41 and last traded at $38.98. Approximately 16,436 shares were traded during trading, a decline of 19% from the average session volume of 20,191 shares. The stock had previously closed at $38.93.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on BPRN shares. Weiss Ratings upgraded Princeton Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 12th. Zacks Research upgraded shares of Princeton Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $37.50.

Princeton Bancorp Trading Up 0.1%

The firm has a 50-day simple moving average of $36.04 and a two-hundred day simple moving average of $35.49. The company has a market capitalization of $265.45 million, a price-to-earnings ratio of 13.63 and a beta of 0.48.

Princeton Bancorp (NASDAQ:BPRN) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.06. Princeton Bancorp had a return on equity of 7.20% and a net margin of 14.20%.The business had revenue of $21.31 million during the quarter, compared to analyst estimates of $21.06 million. Equities research analysts anticipate that Princeton Bancorp, Inc. will post 3.67 EPS for the current year.

Princeton Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Tuesday, May 5th were given a dividend of $0.35 per share. The ex-dividend date was Tuesday, May 5th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.6%. Princeton Bancorp’s dividend payout ratio (DPR) is 48.95%.

Insider Buying and Selling at Princeton Bancorp

In related news, 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 completion of the transaction, the insider owned 21,272 shares in the company, valued at $745,370.88. The trade was a 7.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 23.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Princeton Bancorp

A number of hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC purchased a new stake in shares of Princeton Bancorp in the first quarter valued at approximately $30,000. Raymond James Financial Inc. purchased a new position in shares of Princeton Bancorp during the 2nd quarter valued at approximately $61,000. Tower Research Capital LLC TRC grew its stake in Princeton Bancorp by 584.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,191 shares of the company’s stock valued at $67,000 after acquiring an additional 1,871 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Princeton Bancorp by 14.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,360 shares of the company’s stock valued at $103,000 after acquiring an additional 431 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in Princeton Bancorp by 50.1% in the 4th quarter. Wells Fargo & Company MN now owns 5,855 shares of the company’s stock worth $203,000 after acquiring an additional 1,953 shares in the last quarter. Hedge funds and other institutional investors 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.