Princeton Bancorp (NASDAQ:BPRN) Director Acquires $64,600.00 in Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Martin Tuchman acquired 2,000 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was acquired at an average price of $32.30 per share, for a total transaction of $64,600.00. Following the transaction, the director directly owned 13,604 shares of the company’s stock, valued at $439,409.20. This represents a 17.24% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Martin Tuchman also recently made the following trade(s):

• On Wednesday, November 19th, Martin Tuchman bought 1,056 shares of Princeton Bancorp stock. The stock was acquired at an average price of $32.25 per share, for a total transaction of $34,056.00.
• On Wednesday, November 12th, Martin Tuchman acquired 5,000 shares of Princeton Bancorp stock. The shares were acquired at an average cost of $33.00 per share, with a total value of $165,000.00.
• On Tuesday, November 11th, Martin Tuchman acquired 52 shares of Princeton Bancorp stock. The stock was bought at an average price of $33.00 per share, for a total transaction of $1,716.00.
• On Friday, November 7th, Martin Tuchman bought 493 shares of Princeton Bancorp stock. The shares were bought at an average price of $33.00 per share, with a total value of $16,269.00.
• On Wednesday, November 5th, Martin Tuchman acquired 3 shares of Princeton Bancorp stock. The shares were bought at an average cost of $32.60 per share, with a total value of $97.80.
• On Tuesday, November 4th, Martin Tuchman purchased 2,000 shares of Princeton Bancorp stock. The shares were purchased at an average price of $32.25 per share, for a total transaction of $64,500.00.
• On Monday, September 8th, Martin Tuchman acquired 10,000 shares of Princeton Bancorp stock. The stock was purchased at an average price of $33.00 per share, with a total value of $330,000.00.

Princeton Bancorp Stock Up 2.6%

Shares of Princeton Bancorp stock traded up $0.86 during trading on Friday, hitting $33.47. 3,673 shares of the stock traded hands, compared to its average volume of 9,695. The stock has a market cap of $226.35 million, a price-to-earnings ratio of 13.02 and a beta of 0.65. Princeton Bancorp, Inc. has a 52 week low of $27.25 and a 52 week high of $38.78. The firm’s fifty day moving average is $31.70 and its 200-day moving average is $31.68.

Princeton Bancorp (NASDAQ:BPRN) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. The business had revenue of $21.53 million during the quarter, compared to analysts’ expectations of $20.33 million. On average, analysts forecast that Princeton Bancorp, Inc. will post 3.35 earnings per share for the current fiscal year.

Princeton Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Friday, November 7th will be issued a dividend of $0.35 per share. The ex-dividend date is Friday, November 7th. This represents a $1.40 annualized dividend and a yield of 4.2%. This is a boost from Princeton Bancorp’s previous quarterly dividend of $0.30. Princeton Bancorp’s dividend payout ratio (DPR) is currently 54.47%.

Analyst Ratings Changes

BPRN has been the subject of several recent research reports. Janney Montgomery Scott upgraded Princeton Bancorp to a “strong-buy” rating in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Princeton Bancorp in a research note on Wednesday, October 8th. Finally, Zacks Research raised Princeton Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Princeton Bancorp currently has a consensus rating of “Buy” and an average target price of $35.00.

Institutional Trading of Princeton Bancorp

Hedge funds have recently made changes to their positions in the stock. Alliancebernstein L.P. increased its holdings in shares of Princeton Bancorp by 1.0% during the third quarter. Alliancebernstein L.P. now owns 561,737 shares of the company’s stock valued at $17,886,000 after acquiring an additional 5,810 shares in the last quarter. Systematic Financial Management LP lifted its stake in shares of Princeton Bancorp by 1.0% in the second quarter. Systematic Financial Management LP now owns 345,247 shares of the company’s stock worth $10,544,000 after buying an additional 3,269 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Princeton Bancorp by 1.8% in the third quarter. Dimensional Fund Advisors LP now owns 144,827 shares of the company’s stock worth $4,611,000 after buying an additional 2,505 shares in the last quarter. Geode Capital Management LLC increased its position 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 valued at $3,890,000 after acquiring an additional 1,542 shares in the last quarter. Finally, Royce & Associates LP raised its holdings in Princeton Bancorp by 14.3% in the 3rd quarter. Royce & Associates LP now owns 80,366 shares of the company’s stock worth $2,559,000 after acquiring an additional 10,032 shares during the last quarter. 43.36% of the stock is owned by institutional investors.

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.