Insider Selling: Princeton Bancorp (NASDAQ:BPRN) Insider Sells 1,428 Shares of Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN) insider Matthew Clark sold 1,428 shares of the stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $41.95, for a total value of $59,904.60. Following the completion of the sale, the insider owned 1,428 shares of the company’s stock, valued at $59,904.60. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Princeton Bancorp Price Performance

Shares of Princeton Bancorp stock opened at $42.12 on Monday. Princeton Bancorp, Inc. has a 12 month low of $29.69 and a 12 month high of $43.93. The stock has a market cap of $286.84 million, a PE ratio of 11.08 and a beta of 0.47. The business has a fifty day simple moving average of $38.36 and a 200-day simple moving average of $36.26.

Princeton Bancorp (NASDAQ:BPRN) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.16. The firm had revenue of $22.48 million for the quarter, compared to analyst estimates of $21.84 million. Princeton Bancorp had a return on equity of 9.57% and a net margin of 18.99%. Analysts expect that Princeton Bancorp, Inc. will post 3.88 EPS for the current fiscal year.

Princeton Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Wednesday, August 5th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, August 5th. Princeton Bancorp’s payout ratio is 36.84%.

Hedge Funds Weigh In On Princeton Bancorp

A number of hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC purchased a new stake in shares of Princeton Bancorp during the first quarter worth $30,000. Raymond James Financial Inc. purchased a new position in Princeton Bancorp in the second quarter valued at about $61,000. Tower Research Capital LLC TRC grew its stake in Princeton Bancorp by 584.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,191 shares of the company’s stock valued at $67,000 after purchasing an additional 1,871 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in 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 worth $103,000 after purchasing an additional 431 shares during the last quarter. Finally, Deutsche Bank AG acquired a new position in Princeton Bancorp in the 2nd quarter worth about $189,000. 43.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Princeton Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Princeton Bancorp presently has a consensus rating of “Moderate Buy” and an average price target of $37.50.

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.