Princeton Bancorp (NASDAQ:BPRN) Shares Down 0.3% – Time to Sell?

Princeton Bancorp, Inc. (NASDAQ:BPRN) shares fell 0.3% during trading on Thursday . The company traded as low as $34.47 and last traded at $34.69. 17,268 shares traded hands during trading, an increase of 140% from the average session volume of 7,202 shares. The stock had previously closed at $34.78.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BPRN. Weiss Ratings upgraded Princeton Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, April 21st. Hovde Group boosted their price objective on Princeton Bancorp from $35.00 to $37.50 and gave the stock a “market perform” rating in a research note on Tuesday, February 3rd. Finally, Zacks Research upgraded Princeton Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Princeton Bancorp has an average rating of “Moderate Buy” and a consensus price target of $37.50.

Princeton Bancorp Stock Down 0.3%

The company has a 50 day simple moving average of $34.71 and a 200-day simple moving average of $34.82. The stock has a market cap of $236.24 million, a price-to-earnings ratio of 12.13 and a beta of 0.49.

Princeton Bancorp (NASDAQ:BPRN) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.06. Princeton Bancorp had a return on equity of 7.20% and a net margin of 14.20%.The firm had revenue of $21.31 million for the quarter, compared to analysts’ expectations of $21.06 million. On average, equities research analysts expect that Princeton Bancorp, Inc. will post 3.67 EPS for the current fiscal year.

Princeton Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Tuesday, May 5th will be paid a dividend of $0.35 per share. The ex-dividend date is Tuesday, May 5th. This represents a $1.40 annualized dividend and a yield of 4.0%. Princeton Bancorp’s dividend payout ratio is presently 48.95%.

Institutional Trading of Princeton Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the company. Alliancebernstein L.P. raised its stake in 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 buying an additional 5,810 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Princeton Bancorp by 7.5% during the first quarter. Dimensional Fund Advisors LP now owns 160,383 shares of the company’s stock valued at $5,416,000 after purchasing an additional 11,235 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Princeton Bancorp by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 127,621 shares of the company’s stock valued at $4,428,000 after purchasing an additional 659 shares during the last quarter. Royce & Associates LP grew its holdings in shares of Princeton Bancorp by 14.3% during the third quarter. Royce & Associates LP now owns 80,366 shares of the company’s stock valued at $2,559,000 after purchasing an additional 10,032 shares during the last quarter. Finally, First Manhattan CO. LLC. grew its holdings in shares of Princeton Bancorp by 21.1% during the fourth quarter. First Manhattan CO. LLC. now owns 42,990 shares of the company’s stock valued at $1,491,000 after purchasing an additional 7,500 shares during the last quarter. Institutional investors and hedge funds own 43.36% of the company’s stock.

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.