56,411 Shares in Princeton Bancorp, Inc. (NASDAQ:BPRN) Purchased by Private Wealth Management Group LLC

Private Wealth Management Group LLC purchased a new stake in shares of Princeton Bancorp, Inc. (NASDAQ:BPRN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 56,411 shares of the company’s stock, valued at approximately $2,025,000. Princeton Bancorp makes up 1.0% of Private Wealth Management Group LLC’s holdings, making the stock its 19th biggest holding. Private Wealth Management Group LLC owned about 0.90% of Princeton Bancorp as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in BPRN. Ritholtz Wealth Management purchased a new position in Princeton Bancorp in the fourth quarter worth about $218,000. SG Americas Securities LLC purchased a new position in shares of Princeton Bancorp in the 4th quarter worth approximately $101,000. Allspring Global Investments Holdings LLC bought a new position in shares of Princeton Bancorp during the 3rd quarter valued at approximately $79,000. O Shaughnessy Asset Management LLC raised its holdings in Princeton Bancorp by 20.6% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 15,243 shares of the company’s stock valued at $442,000 after buying an additional 2,602 shares during the period. Finally, LSV Asset Management lifted its position in Princeton Bancorp by 17.6% in the third quarter. LSV Asset Management now owns 14,700 shares of the company’s stock worth $426,000 after buying an additional 2,200 shares during the last quarter. Institutional investors own 43.36% of the company’s stock.

Princeton Bancorp Stock Performance

NASDAQ BPRN traded up $0.01 on Friday, hitting $30.95. 5,695 shares of the stock were exchanged, compared to its average volume of 8,787. Princeton Bancorp, Inc. has a 52-week low of $24.11 and a 52-week high of $38.19. The firm has a market capitalization of $195.60 million, a P/E ratio of 8.23 and a beta of 0.60. The stock has a fifty day moving average price of $30.21 and a two-hundred day moving average price of $32.26.

Princeton Bancorp (NASDAQ:BPRN) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.67 by $0.01. The firm had revenue of $17.43 million for the quarter, compared to the consensus estimate of $17.29 million. Sell-side analysts expect that Princeton Bancorp, Inc. will post 2.84 earnings per share for the current fiscal year.

Princeton Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 10th will be paid a $0.30 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.20 dividend on an annualized basis and a yield of 3.88%. Princeton Bancorp’s payout ratio is 31.91%.

Insider Transactions at Princeton Bancorp

In related news, Director Martin Tuchman purchased 1,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were purchased at an average cost of $29.95 per share, for a total transaction of $29,950.00. Following the completion of the acquisition, the director now owns 91,924 shares in the company, valued at approximately $2,753,123.80. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders acquired 11,340 shares of company stock worth $338,022. 23.00% of the stock is currently owned by insiders.

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.