The Bank of Princeton (NASDAQ:BPRN) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lowered its position in The Bank of Princeton (NASDAQ:BPRNGet Rating) by 20.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,537 shares of the company’s stock after selling 1,992 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.11% of Bank of Princeton worth $207,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in Bank of Princeton by 0.8% in the first quarter. BlackRock Inc. now owns 54,819 shares of the company’s stock valued at $1,582,000 after acquiring an additional 417 shares during the last quarter. Roundview Capital LLC lifted its stake in shares of Bank of Princeton by 1.3% during the first quarter. Roundview Capital LLC now owns 39,938 shares of the company’s stock worth $1,152,000 after purchasing an additional 500 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Bank of Princeton by 5.8% during the first quarter. Dimensional Fund Advisors LP now owns 68,355 shares of the company’s stock worth $1,972,000 after purchasing an additional 3,757 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Bank of Princeton by 26.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 22,279 shares of the company’s stock worth $612,000 after purchasing an additional 4,648 shares in the last quarter. Finally, LSV Asset Management acquired a new position in shares of Bank of Princeton during the first quarter worth about $170,000.

Bank of Princeton Stock Performance

NASDAQ:BPRN opened at $31.75 on Friday. The Bank of Princeton has a one year low of $26.57 and a one year high of $32.05. The business’s 50-day simple moving average is $29.49 and its 200 day simple moving average is $28.94. The stock has a market cap of $206.06 million, a price-to-earnings ratio of 8.14 and a beta of 0.54.

Bank of Princeton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 25th. Investors of record on Friday, November 4th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend is Thursday, November 3rd. Bank of Princeton’s dividend payout ratio (DPR) is 25.64%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler reduced their price objective on Bank of Princeton to $31.50 in a research note on Wednesday, October 5th.

Bank of Princeton Company Profile

(Get Rating)

The Bank of Princeton 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 various loan products comprising commercial real estate and multi-family, commercial and industrial, construction, residential first-lien mortgage, paycheck protection program, home equity, and consumer loans.

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Institutional Ownership by Quarter for Bank of Princeton (NASDAQ:BPRN)

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