Matthew Clark Sells 1,428 Shares of Princeton Bancorp (NASDAQ:BPRN) Stock

Princeton Bancorp, Inc. (NASDAQ:BPRN) insider Matthew Clark sold 1,428 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $41.95, for a total transaction of $59,904.60. Following the sale, the insider owned 1,428 shares of the company’s stock, valued at approximately $59,904.60. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Princeton Bancorp Trading Up 0.7%

Shares of BPRN opened at $42.50 on Wednesday. The stock has a market capitalization of $289.43 million, a P/E ratio of 11.18 and a beta of 0.47. The firm’s fifty day simple moving average is $38.64 and its two-hundred day simple moving average is $36.34. Princeton Bancorp, Inc. has a 12 month low of $29.69 and a 12 month high of $43.93.

Princeton Bancorp (NASDAQ:BPRN) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.16. The firm had revenue of $22.48 million during the quarter, compared to analyst estimates of $21.84 million. Princeton Bancorp had a return on equity of 9.57% and a net margin of 18.99%. As a group, research analysts predict that Princeton Bancorp, Inc. will post 3.88 EPS for the current fiscal year.

Princeton Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Wednesday, August 5th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, August 5th. This represents a $1.40 annualized dividend and a yield of 3.3%. Princeton Bancorp’s dividend payout ratio (DPR) is currently 36.84%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Princeton Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Princeton Bancorp has an average rating of “Moderate Buy” and a consensus target price of $37.50.

Hedge Funds Weigh In On Princeton Bancorp

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of Princeton Bancorp during the 2nd quarter worth about $16,230,000. Deutsche Bank AG bought a new stake in Princeton Bancorp in the 2nd quarter valued at about $189,000. Bank of New York Mellon Corp acquired a new position in Princeton Bancorp during the 2nd quarter worth approximately $1,198,000. GSA Capital Partners LLP acquired a new position in Princeton Bancorp during the 2nd quarter worth approximately $375,000. Finally, NewEdge Advisors LLC bought a new position in Princeton Bancorp in the first quarter worth approximately $30,000. Institutional investors and hedge funds 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.