Princeton Bancorp (NASDAQ:BPRN) Director Stephen Shueh Purchases 3,500 Shares of Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Stephen Shueh purchased 3,500 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were acquired at an average price of $24.09 per share, for a total transaction of $84,315.00. Following the acquisition, the director owned 35,038 shares of the company’s stock, valued at $844,065.42. This trade represents a 11.10% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Princeton Bancorp Stock Up 0.7%

Shares of Princeton Bancorp stock opened at $34.81 on Friday. The stock has a market cap of $236.71 million, a price-to-earnings ratio of 12.80 and a beta of 0.49. Princeton Bancorp, Inc. has a twelve month low of $27.25 and a twelve month high of $37.99. The company’s fifty day moving average is $34.87 and its 200 day moving average is $33.85.

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

Princeton Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 4th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Wednesday, February 4th. Princeton Bancorp’s payout ratio is currently 51.47%.

Institutional Trading of Princeton Bancorp

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

Wall Street Analysts Forecast Growth

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