Princeton Bancorp, Inc. $BPRN Holdings Lowered by Alliancebernstein L.P.

Alliancebernstein L.P. cut its stake in Princeton Bancorp, Inc. (NASDAQ:BPRN) by 0.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 542,647 shares of the company’s stock after selling 2,364 shares during the period. Alliancebernstein L.P. owned approximately 7.85% of Princeton Bancorp worth $16,578,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BPRN. Charles Schwab Investment Management Inc. boosted its stake in Princeton Bancorp by 3.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 14,573 shares of the company’s stock valued at $445,000 after purchasing an additional 500 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Princeton Bancorp by 565.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,071 shares of the company’s stock valued at $37,000 after buying an additional 910 shares during the period. Bank of New York Mellon Corp boosted its stake in Princeton Bancorp by 5.3% during the first quarter. Bank of New York Mellon Corp now owns 21,460 shares of the company’s stock valued at $656,000 after buying an additional 1,077 shares in the last quarter. Global Wealth Management Investment Advisory Inc. grew its holdings in Princeton Bancorp by 15.9% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 7,902 shares of the company’s stock worth $241,000 after acquiring an additional 1,086 shares during the period. Finally, Roundview Capital LLC grew its holdings in Princeton Bancorp by 2.4% during the first quarter. Roundview Capital LLC now owns 53,792 shares of the company’s stock worth $1,643,000 after acquiring an additional 1,250 shares during the period. Institutional investors own 43.36% of the company’s stock.

Princeton Bancorp Trading Up 1.8%

BPRN opened at $32.78 on Friday. The stock has a market cap of $221.27 million, a price-to-earnings ratio of 30.64 and a beta of 0.66. The stock has a fifty day moving average price of $32.36 and a 200 day moving average price of $31.09. Princeton Bancorp, Inc. has a 1 year low of $27.25 and a 1 year high of $39.35.

Princeton Bancorp (NASDAQ:BPRN) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.12. The firm had revenue of $21.06 million during the quarter, compared to analyst estimates of $19.25 million. As a group, sell-side analysts forecast that Princeton Bancorp, Inc. will post 3.35 earnings per share for the current fiscal year.

Princeton Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Wednesday, August 6th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, August 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.7%. Princeton Bancorp’s dividend payout ratio is currently 112.15%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Princeton Bancorp from a “sell” rating to a “hold” rating in a research report on Sunday, June 29th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Princeton Bancorp has an average rating of “Moderate Buy” and an average target price of $37.50.

Insider Buying and Selling at Princeton Bancorp

In other Princeton Bancorp news, Director Martin Tuchman acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The stock was acquired at an average price of $33.00 per share, with a total value of $330,000.00. Following the transaction, the director owned 639,141 shares of the company’s stock, valued at approximately $21,091,653. This trade represents a 1.59% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen Distler sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $33.00, for a total value of $330,000.00. Following the transaction, the director owned 90,296 shares of the company’s stock, valued at approximately $2,979,768. This trade represents a 9.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have purchased a total of 13,961 shares of company stock worth $450,190 over the last 90 days. Insiders own 23.00% of the company’s stock.

About Princeton Bancorp

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.