Bank of America Corp DE Acquires 1,816 Shares of Princeton Bancorp, Inc. (NASDAQ:BPRN)

Bank of America Corp DE boosted its holdings in Princeton Bancorp, Inc. (NASDAQ:BPRN) by 49.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,509 shares of the company’s stock after buying an additional 1,816 shares during the period. Bank of America Corp DE owned approximately 0.08% of Princeton Bancorp worth $190,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Empowered Funds LLC increased its stake in Princeton Bancorp by 1.9% during the fourth quarter. Empowered Funds LLC now owns 32,772 shares of the company’s stock valued at $1,128,000 after acquiring an additional 600 shares during the period. Sequoia Financial Advisors LLC bought a new stake in shares of Princeton Bancorp during the fourth quarter valued at approximately $677,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Princeton Bancorp by 6.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,950 shares of the company’s stock valued at $377,000 after purchasing an additional 633 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Princeton Bancorp by 63.7% in the fourth quarter. JPMorgan Chase & Co. now owns 23,847 shares of the company’s stock valued at $821,000 after purchasing an additional 9,279 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Princeton Bancorp by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 116,891 shares of the company’s stock worth $4,025,000 after purchasing an additional 3,890 shares during the period. 43.36% of the stock is owned by institutional investors.

Princeton Bancorp Stock Down 0.7%

NASDAQ BPRN opened at $29.88 on Monday. Princeton Bancorp, Inc. has a twelve month low of $27.25 and a twelve month high of $39.35. The stock has a market cap of $207.04 million, a P/E ratio of 17.79 and a beta of 0.64. The company’s 50-day simple moving average is $30.17 and its 200 day simple moving average is $31.97.

Princeton Bancorp (NASDAQ:BPRN) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.01. The company had revenue of $20.95 million for the quarter, compared to the consensus estimate of $20.73 million. Research analysts anticipate that Princeton Bancorp, Inc. will post 3.35 earnings per share for the current year.

Princeton Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Tuesday, May 6th were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, May 6th. This represents a $1.20 annualized dividend and a yield of 4.02%. Princeton Bancorp’s dividend payout ratio is currently 67.80%.

Insider Buying and Selling at Princeton Bancorp

In related news, insider Stephanie Adkins sold 1,000 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $31.37, for a total value of $31,370.00. Following the sale, the insider now directly owns 10,794 shares in the company, valued at $338,607.78. This trade represents a 8.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Martin Tuchman purchased 1,019 shares of Princeton Bancorp stock in a transaction dated Monday, May 12th. The shares were purchased at an average cost of $32.00 per share, for a total transaction of $32,608.00. Following the completion of the transaction, the director now owns 111,788 shares of the company’s stock, valued at approximately $3,577,216. This represents a 0.92% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 9,079 shares of company stock worth $279,450 and have sold 1,933 shares worth $61,541. Corporate insiders own 23.00% of the company’s stock.

Princeton Bancorp Profile

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.