Insider Buying: Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Purchases $60,800.00 in Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Martin Tuchman bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 4th. The shares were acquired at an average price of $30.40 per share, with a total value of $60,800.00. Following the completion of the transaction, the director now directly owns 114,794 shares of the company’s stock, valued at $3,489,737.60. This trade represents a 1.77% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, May 22nd, Martin Tuchman bought 583 shares of Princeton Bancorp stock. The shares were acquired at an average price of $30.67 per share, with a total value of $17,880.61.
• On Monday, May 12th, Martin Tuchman acquired 1,019 shares of Princeton Bancorp stock. The stock was purchased at an average price of $32.00 per share, with a total value of $32,608.00.
• On Friday, May 9th, Martin Tuchman bought 2 shares of Princeton Bancorp stock. The shares were bought at an average cost of $32.00 per share, with a total value of $64.00.
• On Wednesday, May 7th, Martin Tuchman bought 2,000 shares of Princeton Bancorp stock. The shares were bought at an average cost of $31.28 per share, with a total value of $62,560.00.
• On Monday, May 5th, Martin Tuchman bought 431 shares of Princeton Bancorp stock. The shares were bought at an average cost of $30.85 per share, with a total value of $13,296.35.
• On Wednesday, April 30th, Martin Tuchman bought 1,000 shares of Princeton Bancorp stock. The shares were bought at an average cost of $30.43 per share, with a total value of $30,430.00.
• On Monday, April 28th, Martin Tuchman acquired 1,000 shares of Princeton Bancorp stock. The shares were acquired at an average cost of $30.00 per share, with a total value of $30,000.00.

Princeton Bancorp Trading Up 1.6%

BPRN stock opened at $30.78 on Friday. The company has a market cap of $213.27 million, a price-to-earnings ratio of 18.32 and a beta of 0.64. Princeton Bancorp, Inc. has a 12 month low of $27.25 and a 12 month high of $39.35. The firm has a 50-day moving average of $30.09 and a two-hundred day moving average of $32.25.

Princeton Bancorp (NASDAQ:BPRN) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.01. The business had revenue of $20.95 million during the quarter, compared to analyst estimates of $20.73 million. As a group, equities analysts forecast that Princeton Bancorp, Inc. will post 3.35 earnings per share for the current year.

Princeton Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Tuesday, May 6th were issued a $0.30 dividend. The ex-dividend date was Tuesday, May 6th. This represents a $1.20 dividend on an annualized basis and a yield of 3.90%. Princeton Bancorp’s payout ratio is 67.80%.

Institutional Trading of Princeton Bancorp

A number of hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its stake in shares of Princeton Bancorp by 565.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,071 shares of the company’s stock valued at $37,000 after buying an additional 910 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Princeton Bancorp by 14.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,360 shares of the company’s stock valued at $103,000 after buying an additional 431 shares during the period. Wells Fargo & Company MN grew its stake in shares of Princeton Bancorp by 38.6% in the 4th quarter. Wells Fargo & Company MN now owns 3,222 shares of the company’s stock valued at $111,000 after buying an additional 898 shares during the period. Bank of America Corp DE grew its stake in shares of Princeton Bancorp by 49.2% in the 4th quarter. Bank of America Corp DE now owns 5,509 shares of the company’s stock valued at $190,000 after buying an additional 1,816 shares during the period. Finally, Squarepoint Ops LLC purchased a new stake in shares of Princeton Bancorp in the 4th quarter valued at approximately $216,000. Institutional investors and hedge funds 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.