Princeton Bancorp (NASDAQ:BPRN) Director Stephen Shueh Purchases 7,000 Shares

Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Stephen Shueh acquired 7,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was acquired at an average cost of $30.44 per share, with a total value of $213,080.00. Following the completion of the acquisition, the director directly owned 42,038 shares in the company, valued at approximately $1,279,636.72. This represents a 19.98% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Princeton Bancorp Stock Down 0.3%

Princeton Bancorp stock traded down $0.09 during mid-day trading on Thursday, hitting $34.49. 1,309 shares of the company’s stock traded hands, compared to its average volume of 15,441. Princeton Bancorp, Inc. has a one year low of $27.25 and a one year high of $37.99. The firm has a 50 day moving average price of $34.91 and a 200 day moving average price of $33.84. The company has a market cap of $234.39 million, a PE ratio of 12.68 and a beta of 0.52.

Princeton Bancorp (NASDAQ:BPRN) last issued its quarterly earnings results on Thursday, January 29th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.04). The firm had revenue of $20.75 million during the quarter, compared to the consensus estimate of $21.03 million. On average, analysts expect that Princeton Bancorp, Inc. will post 3.35 earnings per share for the current fiscal year.

Princeton Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 4th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Wednesday, February 4th. Princeton Bancorp’s payout ratio is presently 51.47%.

Institutional Trading of Princeton Bancorp

Institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new position in Princeton Bancorp during the second quarter valued at approximately $61,000. Tower Research Capital LLC TRC boosted its stake in shares of Princeton Bancorp by 584.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,191 shares of the company’s stock valued at $67,000 after buying an additional 1,871 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Princeton Bancorp by 14.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,360 shares of the company’s stock valued at $103,000 after acquiring an additional 431 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Princeton Bancorp by 50.1% during the fourth quarter. Wells Fargo & Company MN now owns 5,855 shares of the company’s stock worth $203,000 after acquiring an additional 1,953 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in Princeton Bancorp during the fourth quarter valued at $211,000. 43.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Zacks Research lowered Princeton Bancorp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 3rd. Weiss Ratings raised shares of Princeton Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, January 23rd. Finally, Hovde Group raised their target price on shares of Princeton Bancorp from $35.00 to $37.50 and gave the stock a “market perform” rating in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $37.50.

About Princeton Bancorp

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.