Princeton Bancorp (NASDAQ:BPRN) Director Sells $95,160.00 in Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Martin Tuchman sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $31.72, for a total value of $95,160.00. Following the transaction, the director directly owned 636,141 shares in the company, valued at approximately $20,178,392.52. This represents a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Wednesday, August 12th, Martin Tuchman purchased 10,534 shares of Princeton Bancorp stock. The shares were acquired at an average cost of $42.98 per share, with a total value of $452,751.32.

Princeton Bancorp Price Performance

BPRN opened at $43.72 on Monday. The business has a fifty day moving average of $42.76 and a 200 day moving average of $38.42. Princeton Bancorp, Inc. has a 52-week low of $29.69 and a 52-week high of $44.50. The stock has a market cap of $297.73 million, a P/E ratio of 11.51 and a beta of 0.47.

Princeton Bancorp (NASDAQ:BPRN) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.88 by $0.16. Princeton Bancorp had a return on equity of 9.48% and a net margin of 18.99%.The company had revenue of $22.48 million for the quarter, compared to the consensus estimate of $21.84 million. Equities analysts anticipate that Princeton Bancorp, Inc. will post 3.88 EPS for the current fiscal year.

Princeton Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Wednesday, August 5th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Wednesday, August 5th. Princeton Bancorp’s dividend payout ratio (DPR) is currently 36.84%.

Institutional Trading of Princeton Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC bought a new stake in shares of Princeton Bancorp in the 1st quarter valued at about $30,000. Glenmede Trust Co. NA raised its stake in Princeton Bancorp by 6.5% in the first quarter. Glenmede Trust Co. NA now owns 27,767 shares of the company’s stock worth $938,000 after buying an additional 1,700 shares in the last quarter. Deutsche Bank AG purchased a new stake in Princeton Bancorp during the second quarter worth $189,000. Hsbc Holdings PLC purchased a new stake in Princeton Bancorp during the second quarter worth $282,000. Finally, Squarepoint Ops LLC bought a new stake in Princeton Bancorp during the 2nd quarter valued at $359,000. 43.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Princeton Bancorp in a research report on Wednesday, September 9th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Princeton Bancorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.50.

Princeton Bancorp Company Profile

Princeton Bancorp, Inc is a bank holding company headquartered in Princeton, New Jersey. It operates through The Bank of Princeton, a community-focused financial institution serving individuals, families, businesses and nonprofit organizations in central New Jersey and parts of eastern Pennsylvania.

The Bank of Princeton provides a range of banking products and services, including checking and savings accounts, certificates of deposit, residential and commercial real estate loans, construction financing, commercial and industrial loans, consumer lending and small-business banking.