Princeton Bancorp (NASDAQ:BPRN) Director Stephen Shueh Purchases 3,500 Shares

Princeton Bancorp, Inc. (NASDAQ:BPRN) Director Stephen Shueh bought 3,500 shares of the business’s stock in a transaction on Monday, May 15th. The stock was bought at an average price of $24.09 per share, with a total value of $84,315.00. Following the purchase, the director owned 35,038 shares in the company, valued at $844,065.42. This trade represents a 11.10% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Princeton Bancorp Price Performance

Shares of BPRN traded down $0.09 during midday trading on Thursday, hitting $34.49. 1,309 shares of the company traded hands, compared to its average volume of 15,441. Princeton Bancorp, Inc. has a one year low of $27.25 and a one year high of $37.99. The firm has a market cap of $234.39 million, a P/E ratio of 12.68 and a beta of 0.52. The stock has a 50-day moving average of $34.91 and a 200-day moving average of $33.84.

Princeton Bancorp (NASDAQ:BPRN) last issued its quarterly earnings data on Thursday, January 29th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.04). The company had revenue of $20.75 million for the quarter, compared to the consensus estimate of $21.03 million. Sell-side analysts forecast that Princeton Bancorp, Inc. will post 3.35 EPS for the current fiscal year.

Princeton Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 4th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Wednesday, February 4th. Princeton Bancorp’s dividend payout ratio (DPR) is 51.47%.

Institutional Trading of Princeton Bancorp

A number of hedge funds have recently made changes to their positions in BPRN. Alliancebernstein L.P. grew its position in Princeton Bancorp by 1.0% in the third quarter. Alliancebernstein L.P. now owns 561,737 shares of the company’s stock worth $17,886,000 after acquiring an additional 5,810 shares in the last quarter. Systematic Financial Management LP raised its position in Princeton Bancorp by 1.0% during the second quarter. Systematic Financial Management LP now owns 345,247 shares of the company’s stock valued at $10,544,000 after purchasing an additional 3,269 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Princeton Bancorp by 3.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 149,148 shares of the company’s stock valued at $5,175,000 after purchasing an additional 4,321 shares in the last quarter. Geode Capital Management LLC lifted its stake in Princeton Bancorp by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 127,621 shares of the company’s stock worth $4,428,000 after purchasing an additional 659 shares during the last quarter. Finally, Royce & Associates LP boosted its holdings in shares of Princeton Bancorp by 14.3% in 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 in the last quarter. 43.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.