Princeton Bancorp (NASDAQ:BPRN) Trading Up 1.3%

Princeton Bancorp, Inc. (NASDAQ:BPRN)’s stock price was up 1.3% during mid-day trading on Monday . The stock traded as high as $33.25 and last traded at $33.21. Approximately 11,053 shares traded hands during trading, a decline of 0% from the average daily volume of 11,061 shares. The stock had previously closed at $32.78.

Princeton Bancorp Trading Up 1.3 %

The firm has a market capitalization of $209.89 million, a P/E ratio of 8.83 and a beta of 0.60. The company has a 50-day moving average of $30.77 and a 200-day moving average of $31.57.

Princeton Bancorp (NASDAQ:BPRN) last announced its earnings results on Thursday, April 25th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.01. The company had revenue of $17.43 million for the quarter, compared to the consensus estimate of $17.29 million. Research analysts predict that Princeton Bancorp, Inc. will post 2.84 EPS for the current year.

Princeton Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 10th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.61%. The ex-dividend date was Thursday, May 9th. Princeton Bancorp’s dividend payout ratio is currently 31.91%.

Insiders Place Their Bets

In other Princeton Bancorp news, Director Martin Tuchman purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was purchased at an average cost of $29.95 per share, for a total transaction of $29,950.00. Following the acquisition, the director now owns 91,924 shares in the company, valued at approximately $2,753,123.80. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Stephanie Adkins sold 947 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $30.25, for a total value of $28,646.75. Following the completion of the sale, the insider now directly owns 9,737 shares in the company, valued at approximately $294,544.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Martin Tuchman bought 1,000 shares of Princeton Bancorp stock in a transaction dated Wednesday, May 8th. The stock was purchased at an average price of $29.95 per share, with a total value of $29,950.00. Following the completion of the purchase, the director now owns 91,924 shares in the company, valued at $2,753,123.80. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 8,306 shares of company stock worth $250,046. Company insiders own 23.60% of the company’s stock.

Hedge Funds Weigh In On Princeton Bancorp

A number of hedge funds have recently added to or reduced their stakes in BPRN. Private Wealth Management Group LLC acquired a new position in Princeton Bancorp during the 4th quarter valued at about $2,025,000. Quadrature Capital Ltd bought a new position in shares of Princeton Bancorp during the 1st quarter worth approximately $441,000. Ritholtz Wealth Management bought a new position in shares of Princeton Bancorp during the 4th quarter worth approximately $218,000. SG Americas Securities LLC bought a new position in shares of Princeton Bancorp during the 4th quarter worth approximately $101,000. Finally, Empowered Funds LLC lifted its position in shares of Princeton Bancorp by 8.0% during the 1st quarter. Empowered Funds LLC now owns 28,404 shares of the company’s stock worth $874,000 after buying an additional 2,100 shares in the last quarter. 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.