Princeton Bancorp (NASDAQ:BPRN) Director Sells 8,776 Shares of Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Stephen Distler sold 8,776 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $41.48, for a total transaction of $364,028.48. Following the sale, the director owned 83,220 shares in the company, valued at $3,451,965.60. This trade represents a 9.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Princeton Bancorp Stock Performance

Shares of NASDAQ BPRN opened at $41.24 on Monday. The firm has a market cap of $280.84 million, a P/E ratio of 10.85 and a beta of 0.47. The stock has a fifty day moving average price of $37.73 and a two-hundred day moving average price of $36.04. Princeton Bancorp, Inc. has a 1 year low of $29.69 and a 1 year high of $43.93.

Princeton Bancorp (NASDAQ:BPRN) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.16. The company had revenue of $22.48 million during the quarter, compared to analyst estimates of $21.84 million. Princeton Bancorp had a net margin of 18.99% and a return on equity of 9.57%. On average, research analysts predict that Princeton Bancorp, Inc. will post 3.88 earnings per share for the current fiscal year.

Princeton Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Wednesday, August 5th will be given a $0.35 dividend. The ex-dividend date is Wednesday, August 5th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.4%. Princeton Bancorp’s dividend payout ratio (DPR) is 36.84%.

Wall Street Analyst Weigh In

BPRN has been the subject of a number of recent analyst reports. Weiss Ratings raised shares of Princeton Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 12th. Zacks Research raised Princeton Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $37.50.

Institutional Investors Weigh In On Princeton Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. grew its stake in shares of Princeton Bancorp by 2.4% in the second quarter. Alliancebernstein L.P. now owns 555,927 shares of the company’s stock worth $16,978,000 after acquiring an additional 13,280 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Princeton Bancorp by 7.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 160,383 shares of the company’s stock valued at $5,416,000 after acquiring an additional 11,235 shares in the last quarter. Fourthstone LLC increased its position in shares of Princeton Bancorp by 36.8% during the fourth quarter. Fourthstone LLC now owns 37,789 shares of the company’s stock valued at $1,311,000 after purchasing an additional 10,172 shares during the period. Focus Partners Wealth acquired a new stake in Princeton Bancorp during the third quarter worth $319,000. Finally, Strs Ohio lifted its holdings in shares of Princeton Bancorp by 1,500.0% during the 4th quarter. Strs Ohio now owns 9,600 shares of the company’s stock worth $333,000 after acquiring an additional 9,000 shares during the period. 43.36% of the stock is currently owned by institutional investors and hedge funds.

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.