Princeton Bancorp (NASDAQ:BPRN) Trading 0.1% Higher

Princeton Bancorp, Inc. (NASDAQ:BPRN) was up 0.1% during trading on Monday . The company traded as high as $36.48 and last traded at $35.66. Approximately 4,379 shares changed hands during trading, a decline of 61% from the average daily volume of 11,233 shares. The stock had previously closed at $35.62.

Princeton Bancorp Trading Down 0.9 %

The stock’s 50 day moving average is $36.12 and its two-hundred day moving average is $32.43. The stock has a market capitalization of $226.95 million, a price-to-earnings ratio of 9.51 and a beta of 0.59.

Princeton Bancorp (NASDAQ:BPRN) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.11. The firm had revenue of $31.50 million for the quarter, compared to analyst estimates of $17.77 million. On average, research analysts anticipate that Princeton Bancorp, Inc. will post 2.97 earnings per share for the current year.

Princeton Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 9th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.20 dividend on an annualized basis and a yield of 3.36%. Princeton Bancorp’s payout ratio is 31.91%.

Insider Activity

In other Princeton Bancorp news, Director Robert N. Ridolfi sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $38.00, for a total value of $38,000.00. Following the sale, the director now owns 12,500 shares in the company, valued at $475,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Princeton Bancorp news, insider Stephanie Adkins sold 2,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $35.10, for a total value of $70,200.00. Following the transaction, the insider now directly owns 7,377 shares of the company’s stock, valued at approximately $258,932.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert N. Ridolfi sold 1,000 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $38.00, for a total value of $38,000.00. Following the transaction, the director now owns 12,500 shares in the company, valued at approximately $475,000. The disclosure for this sale can be found here. Insiders own 23.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BPRN. Private Wealth Management Group LLC acquired a new stake in shares of Princeton Bancorp during the 4th quarter worth approximately $2,025,000. Quadrature Capital Ltd bought a new position in shares of Princeton Bancorp in the 1st quarter valued at $441,000. Dimensional Fund Advisors LP boosted its holdings in shares of Princeton Bancorp by 9.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 113,090 shares of the company’s stock valued at $3,742,000 after acquiring an additional 9,990 shares in the last quarter. LSV Asset Management grew its position in Princeton Bancorp by 66.5% during the 2nd quarter. LSV Asset Management now owns 24,635 shares of the company’s stock worth $815,000 after acquiring an additional 9,835 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in Princeton Bancorp by 8.0% in the 1st quarter. Empowered Funds LLC now owns 28,404 shares of the company’s stock worth $874,000 after purchasing an additional 2,100 shares in the last quarter. 43.36% of the stock is owned by institutional investors.

Princeton Bancorp Company 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.