Insider Buying: Princeton Bancorp (NASDAQ:BPRN) Director Purchases $213,080.00 in Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Stephen Shueh bought 7,000 shares of the stock in a transaction on Friday, May 3rd. The shares were bought at an average cost of $30.44 per share, with a total value of $213,080.00. Following the purchase, the director owned 42,038 shares of the company’s stock, valued at $1,279,636.72. This trade represents a 19.98% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Princeton Bancorp Stock Performance

Princeton Bancorp stock opened at $34.81 on Friday. The company’s 50 day simple moving average is $34.82 and its 200-day simple moving average is $33.88. The company has a market capitalization of $236.57 million, a price-to-earnings ratio of 12.80 and a beta of 0.49. Princeton Bancorp, Inc. has a 1 year low of $27.25 and a 1 year high of $37.99.

Princeton Bancorp (NASDAQ:BPRN) last posted its quarterly earnings data on Thursday, January 29th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.04). The company had revenue of $20.75 million for the quarter, compared to analysts’ expectations of $21.03 million. Equities analysts expect 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 Friday, February 27th. Stockholders of record on Wednesday, February 4th were paid a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, February 4th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.0%. Princeton Bancorp’s payout ratio is presently 51.47%.

Analyst Ratings Changes

Several research firms recently issued reports on BPRN. Weiss Ratings raised Princeton Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, January 23rd. Hovde Group boosted their price target on shares of Princeton Bancorp from $35.00 to $37.50 and gave the stock a “market perform” rating in a research note on Tuesday, February 3rd. Finally, Zacks Research cut shares of Princeton Bancorp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $37.50.

Institutional Trading of Princeton Bancorp

Large investors have recently modified their holdings of the stock. Alliancebernstein L.P. raised its stake in shares of Princeton Bancorp by 2.4% in the second quarter. Alliancebernstein L.P. now owns 555,927 shares of the company’s stock valued at $16,978,000 after acquiring an additional 13,280 shares in the last quarter. Fourthstone LLC grew its stake in Princeton Bancorp by 103.4% during the 2nd quarter. Fourthstone LLC now owns 20,454 shares of the company’s stock worth $625,000 after purchasing an additional 10,400 shares in the last quarter. Royce & Associates LP increased its holdings in Princeton Bancorp by 14.3% during the 3rd quarter. Royce & Associates LP now owns 80,366 shares of the company’s stock worth $2,559,000 after purchasing an additional 10,032 shares during the period. Focus Partners Wealth acquired a new stake in Princeton Bancorp in the 3rd quarter valued at about $319,000. Finally, Strs Ohio raised its position in Princeton Bancorp by 1,500.0% in the 4th quarter. Strs Ohio now owns 9,600 shares of the company’s stock valued at $333,000 after purchasing an additional 9,000 shares in the last quarter. Hedge funds and other institutional investors own 43.36% of the company’s stock.

About Princeton Bancorp

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.