Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Martin Tuchman Acquires 1,000 Shares

Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Martin Tuchman acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was bought at an average price of $31.00 per share, with a total value of $31,000.00. Following the transaction, the director now directly owns 92,924 shares in the company, valued at $2,880,644. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Wednesday, May 8th, Martin Tuchman bought 1,000 shares of Princeton Bancorp stock. The shares were acquired at an average cost of $29.95 per share, with a total value of $29,950.00.
• On Tuesday, April 30th, Martin Tuchman bought 2,000 shares of Princeton Bancorp stock. The shares were acquired at an average cost of $29.43 per share, with a total value of $58,860.00.
• On Friday, March 15th, Martin Tuchman bought 5,000 shares of Princeton Bancorp stock. The shares were acquired at an average cost of $29.74 per share, with a total value of $148,700.00.
• On Tuesday, March 12th, Martin Tuchman bought 3,168 shares of Princeton Bancorp stock. The shares were acquired at an average cost of $29.99 per share, with a total value of $95,008.32.

Princeton Bancorp Stock Performance

BPRN traded down $0.14 during trading on Thursday, reaching $30.55. 1,990 shares of the company’s stock were exchanged, compared to its average volume of 11,385. The company’s fifty day moving average price is $30.24 and its 200-day moving average price is $32.27. Princeton Bancorp, Inc. has a fifty-two week low of $24.51 and a fifty-two week high of $38.19. The firm has a market capitalization of $193.08 million, a PE ratio of 8.13 and a beta of 0.60.

Princeton Bancorp (NASDAQ:BPRN) last announced 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 firm had revenue of $17.43 million during the quarter, compared to analyst estimates of $17.29 million. Research analysts forecast that Princeton Bancorp, Inc. will post 2.84 earnings per share for the current fiscal year.

Princeton Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 10th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Thursday, May 9th. Princeton Bancorp’s dividend payout ratio (DPR) is 31.91%.

Hedge Funds Weigh In On Princeton Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in BPRN. Allspring Global Investments Holdings LLC acquired a new position in shares of Princeton Bancorp in the 3rd quarter valued at $79,000. LSV Asset Management boosted its stake in Princeton Bancorp by 17.6% in the 3rd quarter. LSV Asset Management now owns 14,700 shares of the company’s stock worth $426,000 after purchasing an additional 2,200 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in Princeton Bancorp by 20.6% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 15,243 shares of the company’s stock worth $442,000 after purchasing an additional 2,602 shares during the period. SG Americas Securities LLC acquired a new position in Princeton Bancorp in the 4th quarter worth $101,000. Finally, Ritholtz Wealth Management acquired a new position in Princeton Bancorp in the 4th quarter worth $218,000. Institutional investors and hedge funds own 43.36% 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.