Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Purchases $30,250.00 in Stock

Princeton Bancorp, Inc. (NASDAQ:BPRNGet Free Report) Director Martin Tuchman acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The shares were bought at an average price of $30.25 per share, for a total transaction of $30,250.00. Following the completion of the acquisition, the director now owns 97,553 shares of the company’s stock, valued at $2,950,978.25. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Martin Tuchman also recently made the following trade(s):

  • On Thursday, May 23rd, Martin Tuchman acquired 1,000 shares of Princeton Bancorp stock. The shares were bought at an average price of $30.55 per share, for a total transaction of $30,550.00.
  • On Tuesday, May 21st, Martin Tuchman acquired 1,000 shares of Princeton Bancorp stock. The shares were bought at an average price of $31.00 per share, for a total transaction of $31,000.00.
  • On Wednesday, May 8th, Martin Tuchman acquired 1,000 shares of Princeton Bancorp stock. The shares were bought at an average price of $29.95 per share, for a total transaction of $29,950.00.
  • On Tuesday, April 30th, Martin Tuchman purchased 2,000 shares of Princeton Bancorp stock. The stock was acquired at an average price of $29.43 per share, for a total transaction of $58,860.00.
  • On Friday, March 15th, Martin Tuchman purchased 5,000 shares of Princeton Bancorp stock. The stock was acquired at an average price of $29.74 per share, for a total transaction of $148,700.00.
  • On Tuesday, March 12th, Martin Tuchman purchased 3,168 shares of Princeton Bancorp stock. The stock was acquired at an average price of $29.99 per share, for a total transaction of $95,008.32.

Princeton Bancorp Stock Performance

Shares of BPRN stock opened at $30.61 on Friday. Princeton Bancorp, Inc. has a 1 year low of $24.51 and a 1 year high of $38.19. The firm’s fifty day moving average price is $30.23 and its two-hundred day moving average price is $32.18. The firm has a market capitalization of $193.46 million, a P/E ratio of 8.14 and a beta of 0.60.

Princeton Bancorp (NASDAQ:BPRNGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.01. The business had revenue of $17.43 million during the quarter, compared to analyst estimates of $17.29 million. As a group, equities research analysts forecast that Princeton Bancorp, Inc. will post 2.84 EPS for the current fiscal year.

Princeton Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 10th were paid a $0.30 dividend. The ex-dividend date was Thursday, May 9th. This represents a $1.20 annualized dividend and a yield of 3.92%. Princeton Bancorp’s payout ratio is currently 31.91%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BPRN. Quadrature Capital Ltd bought a new stake in shares of Princeton Bancorp in the 1st quarter valued at about $441,000. Vanguard Group Inc. raised its holdings in shares of Princeton Bancorp by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 301,721 shares of the company’s stock valued at $9,287,000 after purchasing an additional 1,810 shares during the period. Empowered Funds LLC raised its holdings in shares of Princeton Bancorp by 8.0% in the 1st quarter. Empowered Funds LLC now owns 28,404 shares of the company’s stock valued at $874,000 after purchasing an additional 2,100 shares during the period. Private Wealth Management Group LLC bought a new stake in shares of Princeton Bancorp in the 4th quarter valued at about $2,025,000. Finally, Ritholtz Wealth Management bought a new stake in shares of Princeton Bancorp in the 4th quarter valued at about $218,000. 43.36% of the stock is currently owned by institutional investors and hedge funds.

About Princeton Bancorp

(Get Free Report)

Princeton Bancorp, Inc operates as the bank holding company for The Bank of Princeton that 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 traditional retail banking services, one-to-four-family residential mortgage loans, multi-family and commercial mortgage loans, construction loans, and commercial business loans, as well as consumer loans, including home equity loans and lines of credit.

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