Princeton Bancorp, Inc. (NASDAQ:BPRN) Short Interest Update

Princeton Bancorp, Inc. (NASDAQ:BPRN) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 49,146 shares, a growth of 30.9% from the December 31st total of 37,540 shares. Based on an average daily trading volume, of 13,589 shares, the short-interest ratio is presently 3.6 days. Approximately 0.9% of the shares of the stock are sold short. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 13,589 shares, the short-interest ratio is presently 3.6 days.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Janney Montgomery Scott upgraded shares of Princeton Bancorp to a “strong-buy” rating in a research report on Wednesday, October 22nd. Hovde Group lifted their target price on Princeton Bancorp from $35.00 to $37.50 and gave the stock a “market perform” rating in a report on Tuesday. Weiss Ratings upgraded shares of Princeton Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, January 23rd. Finally, Zacks Research cut shares of Princeton Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Princeton Bancorp currently has a consensus rating of “Moderate Buy” and an average price target of $36.25.

Insider Transactions at Princeton Bancorp

In other Princeton Bancorp news, Director Martin Tuchman purchased 2,000 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was acquired at an average cost of $32.30 per share, for a total transaction of $64,600.00. Following the purchase, the director directly owned 13,604 shares of the company’s stock, valued at $439,409.20. This trade represents a 17.24% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Matthew T. Clark sold 1,500 shares of Princeton Bancorp stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $32.62, for a total transaction of $48,930.00. Following the sale, the insider owned 81 shares in the company, valued at approximately $2,642.22. The trade was a 94.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have acquired 8,604 shares of company stock worth $281,739. Insiders own 21.90% of the company’s stock.

Hedge Funds Weigh In On Princeton Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of BPRN. Strs Ohio grew its holdings in shares of Princeton Bancorp by 1,500.0% during the fourth quarter. Strs Ohio now owns 9,600 shares of the company’s stock valued at $333,000 after buying an additional 9,000 shares during the last quarter. Farther Finance Advisors LLC purchased a new stake in shares of Princeton Bancorp in the fourth quarter worth about $282,000. JPMorgan Chase & Co. grew its holdings in Princeton Bancorp by 14.9% during the third quarter. JPMorgan Chase & Co. now owns 6,863 shares of the company’s stock worth $219,000 after acquiring an additional 892 shares during the period. Focus Partners Wealth acquired a new stake in Princeton Bancorp during the third quarter worth about $319,000. Finally, Alliancebernstein L.P. raised its position 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 acquiring an additional 5,810 shares in the last quarter. 43.36% of the stock is owned by hedge funds and other institutional investors.

Princeton Bancorp Stock Performance

Princeton Bancorp stock traded up $0.51 during trading hours on Tuesday, hitting $38.01. The company had a trading volume of 5,264 shares, compared to its average volume of 16,118. The firm has a market cap of $256.95 million, a P/E ratio of 14.10 and a beta of 0.53. The company has a 50-day moving average price of $35.39 and a two-hundred day moving average price of $33.21. Princeton Bancorp has a 1 year low of $27.25 and a 1 year high of $37.99.

Princeton Bancorp (NASDAQ:BPRN) last released its quarterly earnings data on Thursday, January 29th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.04). The business had revenue of $20.75 million during the quarter, compared to the consensus estimate of $21.03 million. As a group, equities research analysts anticipate that Princeton Bancorp will post 3.35 EPS for the current year.

Princeton Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Wednesday, February 4th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Wednesday, February 4th. Princeton Bancorp’s dividend payout ratio is presently 51.47%.

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.