Princeton Bancorp (NASDAQ:BPRN) Director Susan Barrett Purchases 1,600 Shares of Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Susan Barrett acquired 1,600 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was purchased at an average cost of $31.50 per share, with a total value of $50,400.00. Following the acquisition, the director owned 4,542 shares in the company, valued at $143,073. The trade was a 54.38% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Princeton Bancorp Stock Performance

Shares of BPRN opened at $32.20 on Tuesday. The business has a 50-day moving average of $31.79 and a 200 day moving average of $31.39. Princeton Bancorp, Inc. has a fifty-two week low of $27.25 and a fifty-two week high of $39.35. The firm has a market cap of $217.35 million, a P/E ratio of 12.53 and a beta of 0.65.

Princeton Bancorp (NASDAQ:BPRN) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.06. The firm had revenue of $21.53 million during the quarter, compared to analysts’ expectations of $20.33 million. As a group, research analysts predict 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. Shareholders of record on Friday, November 7th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Friday, November 7th. This is a boost from Princeton Bancorp’s previous quarterly dividend of $0.30. Princeton Bancorp’s payout ratio is presently 46.69%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Janney Montgomery Scott raised Princeton Bancorp to a “strong-buy” rating in a report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Princeton Bancorp in a report on Wednesday, October 8th. Finally, Zacks Research raised Princeton Bancorp from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $37.50.

Institutional Trading of Princeton Bancorp

A number of large investors have recently modified their holdings of the business. Alliancebernstein L.P. boosted its position in shares of Princeton Bancorp by 2.4% during the 2nd quarter. Alliancebernstein L.P. now owns 555,927 shares of the company’s stock valued at $16,978,000 after acquiring an additional 13,280 shares during the last quarter. Systematic Financial Management LP boosted its position in shares of Princeton Bancorp by 1.0% during the 2nd quarter. Systematic Financial Management LP now owns 345,247 shares of the company’s stock valued at $10,544,000 after acquiring an additional 3,269 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Princeton Bancorp by 1.2% during the 2nd 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 during the last quarter. Roundview Capital LLC boosted its position in shares of Princeton Bancorp by 14.9% during the 2nd quarter. Roundview Capital LLC now owns 61,792 shares of the company’s stock valued at $1,887,000 after acquiring an additional 8,000 shares during the last quarter. Finally, Empowered Funds LLC boosted its position in shares of Princeton Bancorp by 3.6% during the 1st quarter. Empowered Funds LLC now owns 33,941 shares of the company’s stock valued at $1,037,000 after acquiring an additional 1,169 shares during the last quarter. Institutional investors own 43.36% of the company’s stock.

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.