Systematic Financial Management LP Sells 29,369 Shares of Princeton Bancorp, Inc. $BPRN

Systematic Financial Management LP cut its stake in shares of Princeton Bancorp, Inc. (NASDAQ:BPRN) by 8.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 310,032 shares of the company’s stock after selling 29,369 shares during the period. Systematic Financial Management LP’s holdings in Princeton Bancorp were worth $10,755,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Strs Ohio lifted its stake in Princeton Bancorp by 1,500.0% during the 4th quarter. Strs Ohio now owns 9,600 shares of the company’s stock valued at $333,000 after acquiring an additional 9,000 shares in the last quarter. Farther Finance Advisors LLC bought a new position in Princeton Bancorp during the 4th quarter valued at $282,000. JPMorgan Chase & Co. lifted its stake in Princeton Bancorp by 14.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,863 shares of the company’s stock valued at $219,000 after acquiring an additional 892 shares in the last quarter. Focus Partners Wealth bought a new position in Princeton Bancorp during the 3rd quarter valued at $319,000. Finally, Alliancebernstein L.P. lifted its stake in Princeton Bancorp by 1.0% during the 3rd quarter. Alliancebernstein L.P. now owns 561,737 shares of the company’s stock valued at $17,886,000 after acquiring an additional 5,810 shares in the last quarter. 43.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Princeton Bancorp Stock Performance

Shares of Princeton Bancorp stock opened at $35.25 on Monday. Princeton Bancorp, Inc. has a 52-week low of $29.21 and a 52-week high of $37.99. The stock’s 50-day simple moving average is $34.75 and its 200 day simple moving average is $34.84. The stock has a market capitalization of $240.05 million, a P/E ratio of 12.33 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 analysts’ consensus estimates of $0.85 by $0.06. Princeton Bancorp had a return on equity of 7.20% and a net margin of 14.20%.The business had revenue of $21.31 million for the quarter, compared to analysts’ expectations of $21.06 million. Equities research analysts forecast that Princeton Bancorp, Inc. will post 3.67 EPS for the current fiscal year.

Princeton Bancorp Dividend Announcement

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

Princeton Bancorp 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.