Insider Buying: Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Purchases 1,019 Shares of Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Martin Tuchman acquired 1,019 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were bought at an average cost of $32.00 per share, with a total value of $32,608.00. Following the transaction, the director now directly owns 111,788 shares of the company’s stock, valued at $3,577,216. The trade was a 0.92% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Friday, May 9th, Martin Tuchman bought 2 shares of Princeton Bancorp stock. The shares were purchased at an average cost of $32.00 per share, for a total transaction of $64.00.
• On Wednesday, May 7th, Martin Tuchman purchased 2,000 shares of Princeton Bancorp stock. The stock was purchased at an average cost of $31.28 per share, with a total value of $62,560.00.
• On Monday, May 5th, Martin Tuchman acquired 431 shares of Princeton Bancorp stock. The shares were purchased at an average cost of $30.85 per share, for a total transaction of $13,296.35.
• On Wednesday, April 30th, Martin Tuchman acquired 1,000 shares of Princeton Bancorp stock. The shares were purchased at an average price of $30.43 per share, for a total transaction of $30,430.00.
• On Monday, April 28th, Martin Tuchman bought 1,000 shares of Princeton Bancorp stock. The stock was purchased at an average cost of $30.00 per share, with a total value of $30,000.00.

Princeton Bancorp Stock Up 1.9%

Shares of BPRN opened at $32.97 on Friday. The stock has a market cap of $227.99 million, a price-to-earnings ratio of 19.63 and a beta of 0.63. Princeton Bancorp, Inc. has a 12 month low of $27.25 and a 12 month high of $39.35. The company has a 50-day moving average price of $30.00 and a two-hundred day moving average price of $32.95.

Princeton Bancorp (NASDAQ:BPRN) last issued its earnings results on Thursday, April 24th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.01. The company had revenue of $20.95 million during the quarter, compared to analyst estimates of $20.73 million. Equities research analysts expect that Princeton Bancorp, Inc. will post 3.35 EPS for the current fiscal year.

Princeton Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Tuesday, May 6th will be issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, May 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.64%. Princeton Bancorp’s payout ratio is presently 67.80%.

Analyst Upgrades and Downgrades

Separately, Janney Montgomery Scott raised shares of Princeton Bancorp from a “neutral” rating to a “buy” rating and set a $35.00 price target on the stock in a report on Tuesday, February 4th.

Institutional Investors Weigh In On Princeton Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the company. Systematic Financial Management LP increased its position in shares of Princeton Bancorp by 0.8% during the 1st quarter. Systematic Financial Management LP now owns 341,978 shares of the company’s stock worth $10,447,000 after purchasing an additional 2,567 shares in the last quarter. Nuveen LLC acquired a new position in Princeton Bancorp during the 1st quarter worth $229,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Princeton Bancorp by 15.5% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,644 shares of the company’s stock worth $386,000 after buying an additional 1,694 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Princeton Bancorp by 3.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 14,573 shares of the company’s stock valued at $445,000 after buying an additional 500 shares during the last quarter. Finally, Roundview Capital LLC increased its stake in shares of Princeton Bancorp by 2.4% in the 1st quarter. Roundview Capital LLC now owns 53,792 shares of the company’s stock valued at $1,643,000 after buying an additional 1,250 shares during the period. Institutional investors and hedge funds own 43.36% of the company’s stock.

Princeton Bancorp Company Profile

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.