Stephanie Adkins Sells 1,600 Shares of Princeton Bancorp (NASDAQ:BPRN) Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN) insider Stephanie Adkins sold 1,600 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $35.04, for a total transaction of $56,064.00. Following the sale, the insider directly owned 21,272 shares in the company, valued at approximately $745,370.88. The trade was a 7.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Princeton Bancorp Stock Up 1.6%

Princeton Bancorp stock opened at $37.52 on Friday. The company has a market cap of $255.51 million, a price-to-earnings ratio of 13.12 and a beta of 0.49. The firm’s fifty day moving average is $35.37 and its 200 day moving average is $35.12. Princeton Bancorp, Inc. has a 52-week low of $29.21 and a 52-week high of $37.99.

Princeton Bancorp (NASDAQ:BPRN) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.06. The company had revenue of $21.31 million for the quarter, compared to the consensus estimate of $21.06 million. Princeton Bancorp had a net margin of 14.20% and a return on equity of 7.20%. On average, equities research analysts anticipate that Princeton Bancorp, Inc. will post 3.67 earnings per share for the current fiscal year.

Princeton Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Tuesday, May 5th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $1.40 dividend on an annualized basis and a yield of 3.7%. Princeton Bancorp’s dividend payout ratio is presently 48.95%.

Institutional Investors Weigh In On Princeton Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the company. Millennium Management LLC raised its stake in shares of Princeton Bancorp by 54.6% in the fourth quarter. Millennium Management LLC now owns 13,779 shares of the company’s stock valued at $478,000 after acquiring an additional 4,868 shares during the period. Barclays PLC raised its stake in shares of Princeton Bancorp by 30.6% in the fourth quarter. Barclays PLC now owns 12,647 shares of the company’s stock valued at $439,000 after acquiring an additional 2,961 shares during the period. AQR Capital Management LLC raised its stake in shares of Princeton Bancorp by 43.1% in the fourth quarter. AQR Capital Management LLC now owns 12,577 shares of the company’s stock valued at $436,000 after acquiring an additional 3,789 shares during the period. Focus Partners Wealth purchased a new stake in shares of Princeton Bancorp in the third quarter valued at $319,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Princeton Bancorp in the fourth quarter valued at $211,000. Hedge funds and other institutional investors own 43.36% of the company’s stock.

Analyst Ratings Changes

BPRN has been the topic of a number of recent research reports. Zacks Research raised shares of Princeton Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Weiss Ratings downgraded shares of Princeton Bancorp from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.