Princeton Bancorp (NASDAQ:BPRN) Shares Up 0.1% – What’s Next?

Princeton Bancorp, Inc. (NASDAQ:BPRN)’s stock price rose 0.1% during mid-day trading on Thursday . The stock traded as high as $39.41 and last traded at $38.98. 16,436 shares traded hands during trading, a decline of 19% from the average daily volume of 20,191 shares. The stock had previously closed at $38.93.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BPRN. Weiss Ratings raised Princeton Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, June 12th. Zacks Research raised Princeton Bancorp from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Princeton Bancorp has a consensus rating of “Moderate Buy” and an average target price of $37.50.

Princeton Bancorp Stock Performance

The company’s 50 day moving average is $36.12 and its 200 day moving average is $35.51. The company has a market cap of $265.45 million, a PE ratio of 13.63 and a beta of 0.48.

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

Princeton Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Tuesday, May 5th were issued a $0.35 dividend. The ex-dividend date was Tuesday, May 5th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.6%. Princeton Bancorp’s payout ratio is presently 48.95%.

Insider Activity

In related news, insider Stephanie Adkins sold 1,600 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $35.04, for a total value of $56,064.00. Following the transaction, the insider owned 21,272 shares of the company’s stock, valued at $745,370.88. This represents a 7.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 23.10% of the company’s stock.

Institutional Investors Weigh In On Princeton Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC purchased a new stake in shares of Princeton Bancorp in the 1st quarter worth $30,000. Raymond James Financial Inc. purchased a new position in shares of Princeton Bancorp during the second quarter valued at $61,000. Tower Research Capital LLC TRC raised its holdings in shares of 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 acquiring an additional 1,871 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Princeton Bancorp by 14.7% in the first 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. Finally, Wells Fargo & Company MN lifted its stake 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 acquiring an additional 1,953 shares during the period. 43.36% of the stock is owned by institutional investors.

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.