Insider Selling: Princeton Bancorp, Inc. (NASDAQ:BPRN) Insider Sells 569 Shares of Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN) insider Stephanie Adkins sold 569 shares of the business’s stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $32.10, for a total value of $18,264.90. Following the completion of the transaction, the insider now owns 10,225 shares in the company, valued at $328,222.50. The trade was a 5.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Stephanie Adkins also recently made the following trade(s):

• On Friday, May 16th, Stephanie Adkins sold 364 shares of Princeton Bancorp stock. The shares were sold at an average price of $32.71, for a total value of $11,906.44.
• On Thursday, May 8th, Stephanie Adkins sold 1,000 shares of Princeton Bancorp stock. The shares were sold at an average price of $31.37, for a total value of $31,370.00.

Princeton Bancorp Trading Down 2.6%

NASDAQ:BPRN opened at $32.10 on Monday. The company has a market capitalization of $222.42 million, a P/E ratio of 19.11 and a beta of 0.63. Princeton Bancorp, Inc. has a 12 month low of $27.25 and a 12 month high of $39.35. The business’s 50-day moving average is $30.03 and its 200 day moving average is $32.89.

Princeton Bancorp (NASDAQ:BPRN) last posted its earnings results on Thursday, April 24th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.01. The firm had revenue of $20.95 million during the quarter, compared to analysts’ expectations of $20.73 million. On average, research analysts forecast that Princeton Bancorp, Inc. will post 3.35 earnings per share for the current year.

Princeton Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Tuesday, May 6th will be given a $0.30 dividend. The ex-dividend date is Tuesday, May 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.74%. Princeton Bancorp’s dividend payout ratio is currently 67.80%.

Institutional Investors Weigh In On Princeton Bancorp

A number of hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of 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. Charles Schwab Investment Management Inc. increased its stake in Princeton Bancorp by 3.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 14,573 shares of the company’s stock worth $445,000 after acquiring an additional 500 shares during the last quarter. Empowered Funds LLC increased its stake in Princeton Bancorp by 1.9% during the fourth quarter. Empowered Funds LLC now owns 32,772 shares of the company’s stock worth $1,128,000 after acquiring an additional 600 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Princeton Bancorp by 6.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,950 shares of the company’s stock worth $377,000 after acquiring an additional 633 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in Princeton Bancorp by 38.6% during the fourth quarter. Wells Fargo & Company MN now owns 3,222 shares of the company’s stock worth $111,000 after acquiring an additional 898 shares during the last quarter. 43.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Janney Montgomery Scott upgraded Princeton Bancorp from a “neutral” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report 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.